News

Mismanagement ‘marred deals’

Nigeria has mismanaged relations with Asian oil firms, failing to capitalise on deals which could have helped it develop infrastructure and leaving $20bn of investment at risk, think tank Chatham House said on Monday. Former Nigerian President Olusegun Obasanjo sought … read more

Bayelsa Militant Leader Killed

Woki Godswill Ibaralanyou, alias Kitikata, one of the strong militants in the Niger Delta was yesterday killed in a bloody shootout with security operatives in Obioku, Nembe area of Bayelsa state. Kitikata was alleged to be one of those who … read more

Amnesty is on course – Yar’adua

The amnesty programme for repentant Niger Delta militants is on course contrary to speculations that it may have run into a hitch, the Special Adviser on Media and Publicity to President Umaru Musa Yar’adua, Mr. Olusegun Adeniyi said yesterday. Fielding … read more

Shell sees uncertain future in Nigeria

Shell, Nigeria’s largest oil producer, faces an uncertain future in the country, according to Peter Voser, its new chief executive. The allusion to an uncertain future for the company in Nigeria is based on the recent attacks on Shell’s exploration … read more

5 dead, 15 missing in ferry disaster

Five persons died and 15 others declared missing after two passenger boats sank along the coast of Nigeria’s commercial city of Lagos, the local press reported Sunday. Police spokesman Frank Mba was quoted as saying that one of the boats, … read more