News

Shell to sell oil leases in Nigeria

Less than a week after the Shell Petroleum Development Company (SPDC) agreed to sell three oil leases to a Nigerian-led multinational consortium, the oil giant announced on Thursday, it was open to selling more assets in Nigeria, where its oil … read more

North’s elite tussles for power

Down a parched road lies the tomb of northern Nigeria’s most celebrated leader. Legend holds that when the structure collapsed a few years ago the exposed body of Ahmadu Bello, the Sardauna of Sokoto and standard bearer of the northern … read more

Militants warned against violence

The Nigerian government warned warned Niger Delta militants Wednesday against issuing threats of violence, saying that they did not have a “monopoly” of violence. The militant Movement for the Emancipation of the Niger Delta vowed Tuesday fresh attacks on oil … read more

Yar’Adua must quit – media chiefs

Nigeria’s ailing President Umaru Yar’Adua must hand over power to his deputy within seven days or resign, a group of media chiefs has warned. Owners of 17 newspapers and media organisations said in a joint statement that Mr Yar’Adua should … read more

MEND, 50 groups ready for fresh violence

ANGERED by the continued absence of President Umaru Yar’Adua and his refusal to transfer power to Vice President Goodluck Jonathan, about 50 militant groups under the aegis of Network of Freedom Fighters in Niger Delta, NFF, yesterday, threatened to launch … read more

Nigeria plans to sell oil reserves

Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds, the Financial Times reported Tuesday. A bidding round for the assets, … read more

Al-Qaeda offers to help Nigerian Muslims

An al-Qaeda cell in North Africa, Al Qaeda in the Islamic Maghreb (AQIM), yesterday offered to help Nigerian Muslims with training and weapons during their battles, as Nigeria grapples with religious crisis. This deadly offer is coming 71 days after … read more