News

Oil Firms Spent $3.7bn on Security

Oil companies operating in the country jointly spent an estimated $3.7 billion on the security of their workers and installations against attacks by militants and other criminal elements in the Niger Delta in 2008, THISDAY’s investigation has revealed. Some security … read more

Stock market loses N2.2tr in January

Value of equities trading on the Nigeria Stock Exchange dipped by N2.2 trillion in January alone, heightening fears of an imminent crash.The crash scare is coming as stock analysts say the loss of 14 per cent of the market value … read more

Nigeria plans its first global bond issue

Nigeria plans to launch its first international Naira-denominated bond within six months, dismissing concerns that the global financial crisis and the country’s exposure to falling oil prices will starve the $500m offer of buyers. The government says the planned 10-year … read more

Troops To Remain in Jos, Says Army

The Nigerian Army said it was not withdrawing troops deployed to Nigerian riot city of Jos to maintain peace, reported the News Agency of Nigeria on Saturday. Ufuoma Macaulay, Commander, 3rd Armored Division Internal Security Task Force, told reporters in … read more

FG okays new security group

Worried by the rising crime waves and growing public concerns, the Federal Government has approved community policing through a new security group, Vigilante Group of Nigeria, VGN. Officials of the group confirmed that thousands of responsible locals will be trained … read more