News

Menace of ‘okada’ riders in Lagos

Many commentators have in the recent past assessed the Nigerian situation and concluded that Nigeria is a failed state. In arriving at this debatable conclusion, they draw attention to certain indices that point to this direction, the poor or non-existent … read more

Xmas: Ijaw youths demand N10m gift from NDDC

Members of the Ijaw Youth Council in Bayelsa State yesterday shut down the Niger Delta Development Commission (NDDC) Secretariat and blocked the Chief Melford Okilo road disrupting traffic for several hours. Spokesman of the council, Bolouokpo Subai said they were … read more

Nigeria’s Depleting Reserves

As experts have begun raising alarm over Nigeria’s depleting foreign reserve, it has become one area that the Goodluck Jonathan administration has a question to answer and this bothers on effective management of the reserve. According to the Central Bank … read more

Fuel subsidy goes in Nigeria in April?

After much controversy, indications are that the Nigerian government will finally remove fuel subsidy 1 April 2012, going by statements credited to the Group Managing Director of the state-run Nigerian National Petroleum Corporation (NNPC), Mr. Austin Oniwon. “I think what … read more

Local Content: Nigeria Lost $380bn Overseas

The Nigerian Content Development and Monitoring Board (NCDMB) Tuesday said Nigeria had recorded an estimated capital flight of about $380 billion between 1956 when oil was discovered and 2006 before the Nigerian content policy was initiated. The board also stated … read more