Exxon Mobil Corp. ended months of negotiations with Nigeria by renewing three oil leases for fields the company operates in the country, an Exxon spokesman said. The three leases — for sites that produce more than 550,000 barrels a day … read more
There is a sigh of relief in the Niger Delta as the Federal government of Nigeria began the first installments of monthly allowances that were promised to former militants in exchange for peace and civility. Earlier this month, the former … read more
Swiss authorities said Friday that they had ordered some 350 million dollars of assets to be seized from the son of the late Nigerian dictator Sani Abacha for graft. “The first order of the sentence issued yesterday by the examining … read more
When white Zimbabwean farmer Irvin Reid arrived in Nigeria almost five years ago, he was given a set of grid references in the remote bush and told to find water and build a new farm. His dairy farm now has … read more
Nigeria signed a 677 million euro ($1 billion) pact with the European Union on Thursday aimed at combating corruption and promoting peace in its troubled, oil-producing Niger Delta region. The agreement will help the oil exporter to tackle challenges in … read more
Rivers State Governor Rotimi Amaechi yesterday demanded the relocation of the former militants’ rehabilitation camp at Aluu, near the University of Port Harcourt (UNIPORT), over reported cases of assault, rape, looting and disruption of academic activities. During a visit of … read more
THE Federal Government has commenced payment of arrears of allowances owed former militants in various camps in the Niger Delta. Each repentant militant is entitled to an allowance of N65,000 per month for the period of rehabilitation. There are two … read more
Nigeria’s president on Thursday asked the ruling party to step in and resolve a row between the two chambers of parliament over where he should present the 2010 budget, in the hope he can unveil the spending plans next week. … read more
The Federal Government will reduce fuel importation by 40 per cent after the Kaduna and Warri refineries commence full operation by mid December, the Minister of State for Petroleum, Mr. Odein Ajumogobia, SAN, said in Abuja yesterday. Ajumogobia, who was … read more
The Federal Government has blamed the nation’s current poor rating by Transparency International on the recent fraud discovered in the banking sector. Transparency International had on Tuesday rated Nigeria the 130th most corrupt country in the world for this year, … read more