The Movement for the Emancipation of the Niger Delta (MEND) has threatened to disrupt Nigeria’s observance of the 51st independence anniversary on 1 Oct. with bombs, just like it did during the 50th anniversary. ‘On October 1, 2011, The Movement … read more
Nigeria and its West African neighbour, Benin, are to begin joint naval patrols in an effort to combat the threat of pirates. The Gulf of Guinea has this year seen a marked increase in the number of attacks in its … read more
THE Governor, Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, has urged Nigerians not in support of government removal of subsidy for petroleum products to forget it, insisting that the days of oil subsidy are numbered. Sanusi said the CBN … read more
A new detailed survey and report on Nigeria’s expanding middle class, issued by the leading emerging markets investment bank, Renaissance Capital, has portrayed Nigeria as a nation that is optimistic about economic growth, values entrepreneurship and is positioned to capitalise … read more
Nigeria has become only the second country in Africa to get a hand from internet search giant Google in gettng small businesses online. Kenya launched the “Getting Kenya Businesses Online” (GKBO) two weeks ago. Yesterday, Google launched “Getting Nigerian Businesses … read more
A Nigerian newspaper run by a Pulitzer Prize-winning journalist stopped publication Sunday after 2½ years of muckracking and sometimes controversial coverage of Africa’s most populous nation, the publisher said. NEXT newspaper, printed in Lagos, did not appear on newsstands this … read more
Nigeria’s 51st independence anniversary will be low-keyed due to fears of possible bomb attacks by the Islamic sect Boko Haram, which has claimed responsibility for the spate of bombings in the country in recent times. Less than a week to … read more
Pirates are expanding their activities into West Africa, according to a United Nations report released Saturday. Previously, most pirate activity occurred around the Horn of Africa, and especially Somalia on the continent’s east coast. In particular, pirates now have taken … read more
About 16 illegal refineries have been discovered within Imo River Field of Shell Petroleum Development Company, SPDC, Abia State, causing the company to shut down production of 25, 000 barrels of oil per day since August 28, 2011. The action … read more
Nigerian oil block sales appear to be heading for a messy conclusion, as the Nigerian National Petroleum Corporation (NNPC) at the weekend said there was no going back on its decision to operate the fields put on offer by Shell. … read more