COULD the drop in oil price be the best thing that has ever happened to Nigeria? Africa’s biggest economy and largest oil producer is over-reliant on oil exports. More than 70% of government revenue and about 95% of foreign currency … read more
A South African mercenary was shot and killed by friendly fire during operations against Boko Haram in northeast Nigeria, a military officer and a civilian vigilante said on Thursday. The vigilante, who pleaded anonymity for security reasons, told AFP that … read more
Islamic State of Iraq and Syria (ISIS) militants have accepted a pledge of allegiance by the Nigerian-grown Boko Haram extremist group, a spokesman for ISIS said Thursday. The development comes as both movements, which are among the most ruthless in … read more
Control Risks (https://www.controlrisks.com), the global business risk consultancy, today publishes its annual RiskMap report, an established authoritative guide and key reference point for policymakers and business leaders seeking to plot global trends over the coming year. RiskMap highlights the most … read more
The South African private military contractor who died when his tank was attacked in Nigeria knew what his mission might entail, his wife Almarie said. “He went into it with eyes wide open. Luckily he died instantly, which every soldier … read more
Shell, the Anglo–Dutch multinational oil and gas company, is hopeful the oil spill dispute in Nigeria will be resolved in its favour. “Shell subsidiaries and associates operating in Nigeria are parties to various environmental and contractual disputes. These disputes are … read more
Nigeria has brought in hundreds of mercenaries from South Africa and the former Soviet Union to give its offensive against Boko Haram a shot in the arm before a March 28 election, according to regional security, defence and diplomatic sources. … read more
Last week the International Monetary Fund (IMF) pointed out the need for the implementation of reforms to include the devaluation of the Naira. The IMF says that in the course of the consultation, executive directors commended the authorities for developments … read more
Nigerians have emerged top spenders in luxury retail and VIP services at Heathrow, Europe’s busiest airport by passenger traffic. Although over 70 percent of people in the West African nation live on less than $2 a day, according to the World … read more
For the first time, a team of Scandinavian scientists has decoded the mechanism behind the protection that O blood type provides against malaria. The team from Karolinska Institutet in Sweden identified a new and important piece of the puzzle by … read more