Rising Inflationary trend is the most persistent threat to Nigeria’s growing economy. The Central Bank of Nigeria and its monetary policy committee voted to lift the benchmark interest rate of previously 6.25 percent to 6.50 percent. The last time the … read more
The Federal Government has rejected the $30 million offered by major oil and gas companies towards the training of ex-militants in the Niger Delta, saying the money was too small, compared to the N3 trillion it has lost to the … read more
Pirates in a fishing boat opened fire on a chemical vessel in a suspected robbery attempt off the coast of Nigeria, an international maritime agency said on Friday. The International Maritime Bureau said the sailors of the vessel spotted a … read more
Five people including a child were shot dead in an overnight attack in violence-wracked central Nigeria over a cattle dispute, police and medical officials said on Friday. Police in Plateau State said “cattle rustlers” stormed residential quarters of a soil … read more
Nigerians were reminded of a grim period in their history this week with the announcement that the son of hated ex-dictator Sani Abacha has qualified as a candidate for state governor. Mohammed Abacha, 44, is to run for governor of … read more
Nigerian police denied permission for a demonstration in the capital, Abuja, by a local rights group that wanted to show support for protesters in Egypt who are demanding the end of President Hosni Mubarak’s 30-year rule. “Now is not the … read more
The Independent National Electoral Commission (INEC) on Thursday, in Abuja, said it would roll out a continuous voter registration after the April elections. INEC chairman, Attahiru Jega, disclosed this at the Civil Society Pre-election Conference with the theme ‘Nigeria’s 2011 … read more
The United States of America (USA) has expressed optimism that the April polls would reflect the yearnings and wishes of all Nigerians. The US Ambassador to Nigeria, Mr Terence McCulley, made this known when he visited the Senate President, Senator … read more
Cameroon’s president has sent the minister of defense to the Bakassi peninsula to work toward the release of 13 government officials kidnapped last week by pirates. Government spokesman Issa Tchiroma Bakary said late Wednesday that two more people were kidnapped … read more
Nigerian police says people wishing to pass through checkpoints in the country’s north must leave their vehicles and walk the final 100 metres with their arms raised following violence by a Muslim sect. Borno state police chief Mohammed Abubakar said … read more