News

Elections may hold next January

Nigeria’s general elections may now hold in December or early January 2011 following the passage of the Constitution Amendment Bill by the National Assembly last week. All that remains is for two-thirds of the 36 states Houses of Assembly to … read more

Oil workers to resist fuel price increase

Workers in the oil and gas sector on Thursday, assured Nigerians that the proposed increase in petroleum products prices would not be effected without the approval of labour unions. Reacting to the proposal by the National Economic Management Team (NEMT) … read more

GLJ seeks cut in $67 oil benchmark

President Goodluck Jonathan on Tuesday asked the parliament to reduce the benchmark oil price of 67 dollars on which the 2010 budget was based, because of falling oil prices in the world market. In April, Jonathan signed into law a … read more

Key political risks to watch in Nigeria

President Goodluck Jonathan’s grip on power has reduced uncertainty since he took office a month ago, but with fiercely contested elections just around the corner, this could be the calm before the storm. Some foreign investors have started returning to … read more

UK jury: Ibori’s sister laundered money

A U.K. jury has convicted the sister of a former Nigerian governor on charges of money laundering and mortgage fraud. Christine Ibori-Ibie, sister of politician James Ibori, was found guilty Tuesday of 12 charges stemming from allegations she helped her … read more

Everton question Nigeria claim

Everton have taken issue with Nigeria over the omission of Victor Anichebe from their World Cup squad through injury. The Everton striker was one of the most notable omissions when Swedish boss Lars Lagerback named his final 23-man party, particularly … read more