The Governor of Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has said that the Federal Government is not going to commit a kobo as financial bailout for Nigerian ailing stock market, saying government has no business in carrying out … read more
Nigerian National Petroleum Corporation (NNPC) said yesterday that rupture of a feeder pipeline supplying crude oil to the 125,000 barrels per day to Warri Refinery and Petrochemical Plant has not disrupted the company’s operation. Group General Manager in charge of … read more
There is tension between the Joint Task Force (JTF) and suspected militant youths in Warri South West Local Government Area of Delta State over alleged invasion of their camp by troops of the task force. The JTF troops stormed Opuye-Opuye … read more
The woes of the Anglo- Dutch oil giant, Shell P e t r o l e u m Development Company, in the Niger Delta region may be worsened by the eviction notice served it by Erhobaro- Orogun community in Ughelli-North … read more
From the Niger Delta on Wednesday came an Independence package of sorts to the nation, as the Chanomi Creek pipeline was ruptured in yet unclear circumstances in Delta State. Unconfirmed reports suggested militant activity might have been responsible for the … read more
THREE students of a private secondary school run by wife of a former deputy governor of Rivers State have been kidnapped. About twelve heavily armed men reportedly stormed the school on Tuesday night and disappeared with the children. The state … read more
Nigerians were among over 5,000 blacks arrested by American immigration authorities, as the administration intensifies a country-wide crackdown on those it had declared illegal immigrants. Federal immigration authorities said more than 5,000 people were picked up in a three-week sweep … read more
FROM the Captain of a visiting French Navy Ship yesterday came a denial that the visit was not to protect French oil installations in Nigeria, but to consolidate technical links. According to the News Agency of Nigeria (NAN), Commodore Thierry … read more
The Minister of Foreign Affairs, Chief Ojo Maduekwe, has called for an international instrument to combat what he termed Africa’s “weapons of mass destruction”. Presenting President Umaru Musa Yar’Adua’s address at the annual high level debate at the 63rd session … read more
THE Joint Task Force (JTF) in Rivers State has warned the management of the Integrated Logistics Services Ltd (INTELS) against paying ransom to militants. The militants abducted its Finance Manager, Mr. Betram Ajoku, last Thursday in Port Harcourt, the state … read more