Nigeria’s new central bank governor, who has been on a cleaning spree of the country’s financial sector in his first five months in office, is upbeat the banking system is on the path to recovery. The banking sector is “now … read more
The Federal Government yesterday denied reports that it has fixed November 1, for the total deregulation of the downstream oil sector. The Minister of Labour and Productivity Prince Adetokunbo Kayode at a press conference in Abuja advised Nigerians to disregard … read more
THE notorious slave trade and slavery ended several centuries ago, but we are beginning to witness digitalised modern slave trade and slavery with the Visa Lottery introduced by the United States of America (USA) more than 10 years ago.” A … read more
Bosnia and Lebanon won seats Thursday on the Security Council and will be in the rare position of being subject to scrutiny by the U.N.’s most powerful body while serving their two-year terms. Brazil, Nigeria and Gabon also won easy … read more
UPDATE: From: Jomo Gbomo Sent: Friday, October 16, 2009 12:34 AM To: Chief Oyibo; Subject: Resumption of Hostilities The Movement for the Emancipation of the Niger Delta (MEND) resumes its hostilities against the Nigerian oil industry, the Nigerian armed forces … read more
Shell Nigeria Exploration & Production Co. Ltd. let a contract to Saipem SPA to carry out subsea development of Bonga Northwest field on OML 118 about 120 km off Nigeria. Saipem will carry out engineering, procurement, fabrication, installation, and precommissioning … read more
LAGOS metropolis was, again, brought to its knees by flood, following about six hours of heavy rain fall on Wednesday. Commercial activities remained at the lowest ebb, even as of 2 p.m., as many streets remained impassable while most offices … read more
On Monday, October 12, Doctors Without Borders/Médecins Sans Frontières (MSF) teams received patients reportedly injured in a demonstration against the demolition of the Bundu-Ama waterfront area in Port Harcourt. MSF medical teams have so far treated nine casualties from Bundu-Ama … read more
The Director-General of the Nigeria Intelligence Agency (NIA), Mr. Emmanuel Enarune Imohe, has been sacked by the Federal Government over the Nasir el-Rufai and Nuhu Ribadu passport saga. He was said to have issued an instruction to the Ministry of … read more
President Umaru Yar’Adua on Wednesday sought to reassure OPEC officials that unrest in the country’s oil-rich south has subsided after years of attacks that sharply reduced output. “The general amnesty I extended to all militants in the Niger Delta has … read more