Three units of British oil services firm Vetco International Ltd. pleaded guilty in a US court to bribing Nigerian officials and agreed to pay $26m in criminal fines. The Justice Department said in a statement on Tuesday that the Vetco … read more
PRESIDENT Olusegun Obasanjo has forwarded a bill to the National Assembly seeking to empower security agencies to intercept all Internet communications in the country. The bill also proposes life imprisonment for any person whose operations of the critical information infrastructure … read more
THE United States of America is not planning to establish a military base at the Gulf of Guinea as a way of protecting American oil interest in the area,theAmerican Ambassador to Nigeria, Mr. John Campbell, has said. The ambassador also … read more
Three ENI oil company employees held hostage in Nigeria for the past two months are pleading with the Italian government for help. ANSA said the three men, Cosma Russo and Francesco Arena of Italy and Imad Saliba of Lebanon, issued … read more
Gunmen in southern Nigeria have released a British man taken hostage in the oil city of Port Harcourt more than two weeks ago. “He was pretty sick. His health was deteriorating,” a diplomat said Wednesday on condition of anonymity. The … read more
Gunmen released Wednesday a British hostage in Nigeria but a Filipina became the latest kidnap victim in the oil-rich Niger Delta where the taking of foreigners shows no sign of letting up. The woman was abducted at midday from the … read more
The start of the treason trial of Nigerian oil militant Mujahid Dokubo-Asari has again been delayed after angry rows in court. Mr Asari was shouting and swearing, saying his life was in danger while in custody, prompting the prosecution to … read more
The Federal Government has set up a committee to probe a security breach at the Lagos airport. It has also suspended the Chief Security Officer, Murtala Muhammed International Airport, Lagos, Mr. Joshua Obanle, and the Director of Aviation Security at … read more
FOLLOWING the unending political crisis in Oyo State, soldiers were yesterday deployed to major roads of Ibadan metropolis to prevent a breakdown of law and order in the state. The soldiers were seen mainly at Iwo Road, Agodi-Gate, Beere, Molete, … read more
The total shutdown of Michelin tyre operations in Nigeria and the consequent retrenchment of 1,200 employees, is another warning signal that the nation�s operating environment is still very hostile to business survival. The firm�s shutdown came at a time the … read more