Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) has threatened to start exchanging naira for Biafran currency in Igboland. Speaking in Onitsha, Anambra State, the MASSOB Anambra North Director of Finance, Mr Martins Ezeaka, said since the … read more
Nigerians probably have to come to terms with the fact that not every ex-federal government official who leaves the country after their tenure is trying to escape a form of persecution. In most cases, some of them may simply travel … read more
At least the taxi drivers in Lagos are happy, even if businessmen in Nigeria’s commercial capital are not. A year after becoming president, Muhammadu Buhari pulled out of his first official visit to Lagos on Monday, averting citywide gridlock but … read more
On Monday, the Kaduna state government declared a state of emergency on tomato farming in the state as a result of destructive pests. This comes a week after Ventures Africa reported that the real reason for the scarcity of tomatoes … read more
A subsidiary of Italian oil producer Eni has declared a force majeure following an attack on a key gas pipeline in southern Nigeria, the company said Tuesday. The measure at the Brass Rivers terminal took effect Sunday after the Ogbaimbiri-Tebidaba … read more
Nigeria’s economy will probably slip into a recession after a four-month delay in the nation’s budget stalled economic stimulus programs, central bank Governor Godwin Emefiele said. A “recession, which we signaled in July 2015, now appears imminent,” Emefiele told reporters … read more
The Economic and Financial Crimes Commission (EFCC) has traced the source of the $40million paid to Roberts Azibaola, who is former President Goodluck Jonathan’s cousin, to a bank in London. The cash was wired through Citibank N. A. Canada Square … read more
Nigeria’s government has used a lower currency rate than its official central bank rate for petrol imports, the junior oil minister said on Monday, signalling what analysts believe could be a move towards a two-tier exchange rate regime. Emmanuel Ibe … read more
The Movement for the Emancipation of the Niger Delta, MEND, an armed group that engaged the Nigerian government in the past, has broken its silence and has condemned the recent spate of attacks on oil installations in the Niger Delta … read more
The Nigeria Labor Congress (NLC) has called off the nearly week-long strike over an increase in fuel prices and electricity taxes. The union went on strike last week after the government raised the price of a gallon of gasoline from … read more