News

Amaechi Calls For More Troops In N’Delta

Smarting from the frustration of the underdevelopment of the Niger Delta allegedly worsened by the activities of Militants, River State Governor Chibuike Amaechi yesterday differed with other stakeholders over the path to peace in the region. While other stakeholders have … read more

UK arrest in Nigerian bribe case

UK police have arrested a London lawyer accused of moving millions of dollars in bribes to Nigerian officials to win contracts for a US construction firm. A federal grand jury in Texas charged Jeffrey Tesler, 60, with helping channel money … read more

Oil thieves sabotage Chevron pipeline

Oil thieves sabotaged a Chevron-operated (CVX.N) pipeline in the restive Niger Delta but no oil production was affected, a military spokesman said on Thursday. Colonel Rabe Abubakar, spokesman for the joint military taskforce in the eastern Niger Delta, said troops … read more

Nigeria prepares plan to buy bad loans

Nigeria is drawing up plans to defend the country’s banking system amid fears that bad loans racked up during a frenzy of stock market speculation could put some lenders in danger. Chukwuma Soludo, the governor of the Central Bank of … read more

Ritualists remove baby’s organ

Persons suspected to be ritualists chopped off the private part of a three-month-old baby boy at the Adankolo area of Lokoja, capital of Kogi State. The 13-year-old mother of the boy, identified as Grace, said to be mentally-imbalanced, was put … read more

Explosion Rocks Shell Pipeline

An oil pipeline operated by the Royal-Dutch oil giant Shell that feeds into the key export Escravos terminal in southern Nigeria has exploded, curtailing production, a company spokesman said Tuesday. “A 24-inch trunkline exploded over the weekend,” Shell spokesman in … read more