News

‘I go chop your dollar’ actor kidnapped

Kidnappers have abducted the popular Nigerian actor, Nkem Owoh. The president of the actors guild of Nigeria told channels television today that Mr. Owoh was kidnapped along Enugu-Port Harcourt express way. The kidnappers are reported to have demanded 15 million … read more

Ex-militants storm Chevron

HUNDREDS of ex-militants from all the major camps in the Niger Delta yesterday, for several hours, disrupted operations of Chevron Nigeria Limited (CNL) along the ever busy NPA/Effurun expressway in Warri, Delta State, demanding for employment, skills acquisition programmes and … read more

Corrupt African leaders steal $2m yearly

Corrupt Nigerian leaders and others on the continent steal over $2 trillion every year from their countries according to the United Nations. The money, the organization said is lost in public assets moved across borders via money-laundering or undeclared holdings. … read more

ATM giants in ownership battle

A bitter squabble brewing between MasterCard worldwide and the Nigerian transaction switching company, InterSwitch, may put the fate of electronic business in Nigeria – valued at N500 billion by 2008 figures – in jeopardy, a NEXT investigation has revealed. The … read more

Gas company to train militants

A Nigerian liquefied-petroleum-gas producer said Friday it is in talks with a disarmed militant leader to hire or train his men as local and international companies seek to consolidate the gains of a recent amnesty process. Royal Dutch Shell PLC … read more

Deregulation: Govs take position today

THIRTY-SIX states governors across the country are today meeting in Yenagoa to take position on the deregulation of oil and gas sectors as being proposed by the Federal government. President Umaru Yar’adua recently described the moves as inevitable, the Nigeria … read more

EFCC’s 10% game

The EFCC, which energetically jumped into the banking crisis and whose chairman moved over 100 agents to Lagos at the height of the financial sector meltdown,is collecting 10 percent of all the monies recovered from debtors on behalf of banks, … read more