News

Lagos bars road unworthy vehicles

Against the background of incessant accidents with attendant loss of lives and property, Lagos State government has banned poorly maintained vehicles especially trucks and petroleum tankers from entering the metropolis. The state said, Wednesday, it would be deploying officials of … read more

Troops repel attack on ExxonMobil staff

Gunmen attacked a compound housing ExxonMobil staff in the Niger Delta but were repulsed after a fierce battle with Nigerian troops, the oil company and security sources said Wednesday. Around 20 militants used five speedboats in the midnight raid on … read more

Militants give Agip 3-day ultimatum

Mili tants in the Niger Delta region have issued a three day ultimatum to the Nigeria Agip Oil Company, (NAOC) and Saipem to leave the area. The Movement for the Emancipation of the Niger Delta (MEND) had earlier suspended attack … read more

Controls May ‘Last Months,’ Says Soludo

Nigeria’s foreign-exchange controls introduced last week, including a ban on currency trading between commercial banks, may last months, said Chukwuma Soludo, governor of the Central Bank of Nigeria. The new rules are “temporary” and “could last for weeks, could last … read more