Nigerians who thought the sale of Nigeria Telecommunications Limited (NITEL) to the New Generation Consortium, the preferred bidders, was a done deal, were shocked yesterday when a Chinese company listed among the bidders denied any part in the consortium’s bid. … read more
The Nigerian House of Assembly has moved to take a legal stand on how it would handle any future power vacuum created by a sick and incapacitated government official, or by any other circumstance. However leading political stakeholders failed to … read more
Nigeria’s cabinet, under pressure to declare the ailing president permanently unfit to hold onto office, is to dispatch a six-man team to his Jeddah hospital, a minister said Wednesday. President Umaru Yar’Adua has been hospitalised in Saudi Arabia for almost … read more
Nigeria’s crude oil export increased by 80,000 barrels per day to 2.080 million barrels per day in January, according to figures compiled by Platts Energy group on export from members of Organization of Petroleum Exporting Countries (OPEC). The figure is … read more
Despite paying off its Paris Club debt in 2006, Nigeria still owes an external debt of US$3.97 billion, according to Finance Minister Mansur Mukhtar. Addressing a House of Representatives Committee hearing, the Minister said the debt comprised US$2.093 billion owed … read more
Nigeria’s power supply dropped again to 2500mw yesterday and may drop even further as oil giant Shell, the major gas supplying company in the country, has given the Power and Petroleum Resources Ministries up to this weekend to evacuate the … read more
Soldiers have moved in to halt a confrontation between Christians and Muslims at a cemetery near the city of Jos, where religious tensions are high. Christians were trying to stop Muslims from burying a dead child in the Naraguta area. … read more
Acting President Goodluck Jonathan appealed to Nigerians on Monday to stop putting adverts in newspapers to congratulate him on his new role. World Such adverts are a common way for Nigerians to try to curry favor with new administrations in … read more
Nigerians may go to the polls to elect their next president and governors in November 2010 instead of April 2011 if signals emanating from the Senate and House Committees on the review of the constitution are anything to go by. … read more
Nigeria’s leadership of Economic Community of West African States (ECOWAS) was extended for another year last night as Acting President Goodluck Jonathan was elected the new chairman of the sub-regional body. Ailing President Umaru Musa Yar’Adua had steered the ship … read more