Output at Nigeria’s Bonny Light crude terminal, operated by Royal Dutch Shell (RDSa.L: Quote, Profile, Research), has fallen to around 90,000 barrels per day because of security concerns in the Niger Delta, a senior official with state-run NNPC said on … read more
Nigeria defended its human rights record at the Universal periodic review mechanism of the UN Human Rights Council and the Minister of Foreign Affairs, Chief Ojo Madueke, presented an overview of Nigeria’s human rights policies and adressed issues on the … read more
Kidnapping, which seemed to have been confined to the Niger Delta where gunmen are holding sway, may have been shifted to the Federal Capital Territory, (FCT) Abuja. Yesterday, the ugly trend reared its head in Abuja as some armed bandits … read more
President Umaru Yar’Adua, on Thursday, said that Nigeria and Switzerland were working on the repatriation of other batches of looted funds to the country from the European country The President disclosed this while receiving the Letters of Credence of the … read more
European donors may cut funding for Nigeria’s anti-corruption police next year if the government does not show clearer results in its fight against graft, Western diplomats say. The European Union is by far the biggest foreign donor to Nigeria’s Economic … read more
KBR Inc. and its former parent, Halliburton Co., agreed to pay $579 million to resolve U.S. criminal and regulatory charges that the engineering company bribed Nigerian officials to win more than $6 billion in contracts to build a liquefied natural-gas … read more
Nigerian drug regulators have announced they have arrested 12 people in connection with the poisoning of 111 babies with a tainted medicine. The National Agency for Food and Drug Administration and Control (Nafdac) said the accused faced 15 years in … read more
President Umaru Yar’Adua has proposed a pay slash for political office holders nationwide due to the global financial meltdown, local media reported on Wednesday. Addressing his ministers, Special Advisers, Senior Special Assistants and Special Assistants on Tuesday at the Presidential … read more
Royal Dutch Shell Plc, Europe’s largest oil company, said it may miss deliveries of Bonny Light crude oil from Nigeria through March because of security concerns. Shell issued a force majeure declaration, allowing it to suspend contractual sales obligations for … read more
Citing the heightened insecurity, coupled with the threat by the militant Movement for the Emancipation of the Niger Delta (MEND) to declare “sweeping assault” on the Nigerian oil and gas industry, companies operating in the region may have suspended further … read more