UPDATE 14:30hrs This vessel has now been freed with all crewmembers on board. Gunmen have hijacked a cargo ship in the Niger Delta and kidnapped at least ten people on board, a Nigerian military spokesman said on Monday. The attackers … read more
Year-end issues has created stalemate for Nigerian crude Free On Board (FOB) market as more than 20 crude cargoes (about 950,000 barrels) still remained unsold from Nigeria’s December loading programme as a result of lack of demand, a trader said. … read more
The United States (U.S.) pledged on Monday to assist Nigeria achieve the required standards in aviation safety and infrastructure. U.S. Ambassador to Nigeria, Robin Renee Sanders, made the promise in Abuja at a workshop jointly organised by the U.S. Federal … read more
After what seemed like an indefinite wait, President Umaru Yar’Adua yesterday handed over the list of new ministerial nominees to the Senate President, David Mark, who in turn is expected to table it before the Senate today. Daily Independent gathered … read more
Nigeria’s total exports between 2003 and 2007 has increased steadily from about $23.8 billion in 2003 to $58.7 billion in 2007, an average annual growth rate of about 20 per cent, the National Association of Nigerian Traders (NANTS) and ActionAid … read more
The Federal Government has been advised to provide a take off grant of $30 billion to address the new initiative in the Niger Delta region. Former Minister of Finance, Etubom Anthony Ani, who made the call in a chat with … read more
Imo State Police command yesterday paraded three suspected kidnappers who strangulated their victim, a 10-year-old boy, to death even after collecting ransom from his parents. Also paraded were seven armed robbery suspects arrested by the command from different parts of … read more
President Umaru Yar’Adua on Friday pardoned a man who spent more than two decades on death row for armed robbery and requested amnesty for a 90-year old man sentenced to death. The pardons come three weeks after global rights group … read more
China’s Shenzhen Energy Group plans to build a 3,000 megawatts (MW) power plant in a joint venture with Nigeria’s First Bank FBNP.LG at an estimated cost of $2.4 billion, the financial institution said on Friday. Shenzhen signed a preliminary agreement … read more
The last is yet to be heard about the Leadership newspaper report on the alleged failing health of President Umaru Yar’Adua as the newspaper’s top management staff have become guests of the Nigeria Police Command and the State Security Service … read more