Suspected members of an Islamist sect that launched an uprising last year have killed a retired police officer and wounded five other people, the latest of such attacks in Nigeria’s north, police said Monday. Motorcycle-riding gunmen opened fire on the … read more
The Nigeria Labour Congress (NLC) yesterday reiterated its warning to the Federal Government that there would be nationwide disruption if it goes ahead with the planned removal of subsidy on petroleum products by December this year or latest, end of … read more
Lagos has, since September 1, joined a few other states and the Federal Capital Territory Abuja in banning commercial motorcyclists (popularly called Okada) from operating at certain places So far, there has been a reduction in the rate of accidents … read more
The Nigerian naira weakened to 151.20 to the U.S. dollar on the interbank market on Monday from 150.90 at last week’s close after demand outstripped supply at the central bank’s forex auction, traders said. The central bank sold $250 million … read more
Aero Contractors rotary wing, which carries out over 35 per cent of offshore shuttle services for oil and gas companies, has lost a major Shell contract to Caverton Helicopters and multibillion naira major services in the off-shore operations. THISDAY learnt … read more
President Goodluck Jonathan risks sectarian clashes when he announces whether he will seek election: in the Muslim north if he does, and in his native oil- rich Niger River delta in the south if he doesn’t. Unrest in the delta … read more
Aero Contractors has severed relationship with its helicopter supplier and oil and gas operations partner, Canadian Helicopters Corporation (CHC), over irreconcilable differences, BusinessDay has learnt. The details of what led to the severance of relationship between the two companies were … read more
SOME of the loans Nigeria is currently re-paying were obtained immediately after it attained independence in October, 1960, according to Dr Abraham Nwankwo, Director-General of the Debts Management Office (DMO). Nwanwko, speaking at a News Agency of Nigeria (NAN) forum … read more
Politicians from northern Nigeria on Friday accused President Goodluck Jonathan of ordering corruption investigations against those opposed to his candidacy in upcoming elections. The country’s anti-graft agency strongly disputed the accusation, which comes amid divisions in Jonathan’s ruling Peoples Democratic … read more
Nigerian police on Friday named three rival gang members as suspects in the murder of a notorious ex-militant, whose killing has sparked fears of fresh violence in the country’s oil-producing region. Pere Fiofori, Emmanuel Gladstone and Dobra Ogbe — aged … read more