News

Oil reforms could open door to new players

Nigeria’s controversial oil reform bill is likely to make it easier for more foreign oil companies to compete for lucrative oil and gas contracts in Africa’s biggest energy producer, a top industry official said. Nigeria’s parliament is finalising legislation to … read more

Shell gets judgment notice after Christmas

Ruling has been reserved till after Christmas in a legal suit on environmental damage brought against Nigeria’s oil giant, Shell Petroleum Development Corporation (SPDC) and its parent company, Royal Dutch Shell (RDS) by two Nigerian environmental activists. Fidelis Oguru and … read more

Violence Mars PDP Primaries in Bayelsa

One person was reported dead and no fewer than 20 others sustained gun shot and machete injuries in Bayelsa State yesterday following clashes between supporters of Deputy Governor Peremobowei Ebebi and Commissioner of Conflict Resolution and Youth Affairs, Bekes Etifa … read more

VP denies being pressured to resign

Vice President Goodluck Jonathan Saturday described as ‘false in its entirety’ a local newspaper report that he is under pressure to resign from office. The Vice President also regretted that President Umaru Yar’Adua’s illness’ has been blown out of all … read more

Who Is In Charge Of Nigeria?

“There are some rumours about some stories, but let me assure Nigerians that the president is okay. We spoke before he left this country and we have been speaking. So, discountenance any form of false rumours being spread by mischievous … read more

Fresh N50b scam uncovered in new generation bank

Sustained investigation into the alleged multi-billion sleaze in the banking industry by the Economic and Financial Crimes Commission {EFCC} has reportedly revealed an alleged fresh N50 billion scam involving a wanted former Group Managing Director and sacked five directors of … read more