As the deadline for the full deregulation of the downstream sector of the nation’s oil industry draws closer, there were fears at the weekend that the pump price of premium motor spirit (PMS), popularly known as petrol, would suddenly surge … read more
Economic and social activities in Yenagoa, Bayelsa State were yesterday disrupted when over 200 disarmed militants from the camp of Ebikabowei Victor Ben, known as General Boyloaf, went on rampage on the streets over the non-payment of the money the … read more
A key Nigerian oil militant, Farah Dagogo, is expected to embrace the government’s amnesty programme in the next few days, the local press reported Friday, quoting his law yer. The report said Dagogo, the commander of the Movement for the … read more
With the target year of 2015 to meet the eight targets under the Millennium Development Goals (MDGs) looming, Nigeria has said it needs to spend a total of 24 trillion naira in the next six years to be able to … read more
The Federal High Court in Ikoyi, Lagos has adjourned the hearing on the bail application of the bank executives arraigned by the Economic and Financial Crimes Commission (EFCC) till next week. Dan Abutu, a Justice of the Federal High Court … read more
From: Jomo Gbomo Sent: 05 September 2009 10:01 To: Chief Oyibo Subject: Cameroon Army Weapons at Bayelsa Disarmament Ceremony The Browning .50 Caliber Machine Guns (listed by government as Brandy Machine Guns) displayed on Saturday, August 22, 2009 in Yenagoa, … read more
Detained banks’ chiefs, yesterday, alleged that the Economic and Financial Crimes Commission, EFCC’s operatives were asking them to bargain for their freedom with their shares in the five troubled banks. They were said to have disclosed this latest development to … read more
Denied credit for aircraft maintenance and flight operations, more airlines are grounding their planes as the credit crisis biting the various sectors of the nation’s economy took a toll on the aviation industry. Many passengers were stranded following airlines’ failure … read more
Oil executive, Jimoh Ibrahim, who is the chief executive of Global Fleet Industries Ltd, found himself dealing with a new set of issues on Thursday in Abuja, when federal authorities informed him to shelve his planned business trip abroad because … read more
THE communal crisis in Nkerehi in Orumba South Local Government Area of Anambra State has escalated with five persons feared dead and 15 others sustaining injuries in the latest confrontation between the two opposing camps. Seven houses were also burnt … read more