Author Archives: Chief Oyibo

Why Foreign Investors Are Hesitant on Nigeria

The United Kingdom yesterday said, President Olusegun Obasanjo’s aggressive diplomatic shuttle to attract foreign direct investment into Nigeria, has not yielded the expected result, because the country has not put its acts together in the area of infrastructure. British High … read more

Gunmen seize several oil workers

Gunmen in speed boats kidnapped several oil workers in a raid on a ship off the Nigerian coast on Wednesday, industry and security sources said. Foreigners were believed to be among the hostages because the deep water vessel, operated by … read more

4 dead in hostage rescue attempt

One of seven foreign oil workers taken hostage Wednesday was killed and another was wounded during a rescue attempt that also left two kidnappers and a soldier dead, according to Nigerian and private security officials. Gunmen had seized the seven … read more

British Hostage Killed in Crossfire

One of seven foreign oil workers taken hostage Wednesday was killed and another was wounded during a rescue attempt that also left two kidnappers and a soldier dead, officials said. Gunmen had seized the seven hostages from a supply vessel … read more

Why Ogoni Oil Fire Lasted Three Months

Oil giants, Shell Petroleum Development Company (SPDC), has explained why the inferno at its Yorla-13 Well Head in Kpean, an Ogoni community in Rivers State, raged for three months before it was recently put out. Its External Affairs Director, Mrs … read more