News

Boko Haram Issues Hit List

The fanatical religious sect, Jamaatul ahlis sunna liddaawatti wal jihad, also known as Boko Haram has issued a list of prominent Nigerians it might likely attack. The hit list obtained Monday was sent to the State Security Services in a … read more

The CBN’s daily cash withdrawal limits

Recently, the Central Bank of Nigeria came up with a policy on daily cash withdrawal limits. Individuals’ are limited to N150,000 daily cumulated withdrawals while corporate customers are pegged at N1,000,000. Penalties for flouting the above limits are N100 per … read more

Okadas banned in city hit by violence

Motorcycles were completely banned on Thursday in a northeastern Nigerian city wracked by violence blamed on an Islamist sect, with many of the attacks carried out by gunmen on motorbikes. “The ban includes private as well as commercial motorcycles of … read more

Northern Nigeria’s ‘huge’ oil reserves

Nigeria is Africa’s largest oil producer and the world’s eighth largest producer but is looking for other than its traditional oil-producing areas to increase its holdings. The Nigeroan oil industry produces 2.2 million barrels of oil a day. That provides … read more

Oil minister returns, doubters circle

Nigeria’s returning oil minister may have the support of the president but with Africa’s largest energy industry stalling she will need to show swift progress to prove her critics wrong and attract much-needed investment. President Goodluck Jonathan showed his faith … read more

2 more bodies found in building collapse

Nigerian authorities say they’ve found two more bodies two days after a four-story building collapsed in a busy market in the commercial capital of Africa’s most populous nation. A National Emergency Management Agency official said the death toll rose to … read more