The December 2008 deadline for the cessation of gas flaring set by the Federal Government has again taken another blow that may make its realisation unlikely. Shell Petroleum Development Company (SPDC) said weekend it needs an additional $5 billion (N600 … read more
For one week now, security in the Federal Capital Territory (FCT), Abuja, has been fortified following threats by the Niger Delta militants to invade the seat of government of Nigeria. Against this background, LEADERSHIP can authoritatively reveal that security agencies … read more
Air of relief finally blew on the family of Mr. Folarin Coker, the Deputy Aide to Lagos State Governor, Mr. Babatunde Fashola, as it recovered its kidnapped child after a week of captivity after paying a N50 milion ransom. A … read more
THE whereabouts of another $155 million (about N20 billion) in the aviation sector is now a subject of investigation by the Economic and Financial Crimes Commission (EFCC). Indeed, the commission may have concluded plans to question key officers both within … read more
Nigeria’s former President Olusegun Obasanjo is expected to be subpoena Tuesday to testify in the treason trial of Henry Okah, leader of the militant group Movement for the Emancipation of the Niger Delta (MEND). Attorneys for the former rebel MEND … read more
Reuters) – Nigerian President Umaru Yar’Adua called on Monday for a global clampdown on the theft and smuggling of crude oil, an international trade which is fuelling unrest in the country’s southern Niger Delta. Yar’Adua, in Tokyo at a summit … read more
Nigerian prosecutors brought additional charges against alleged militant leader Henry Okah, prompting protests by defense lawyers, a court official said. Salisu Aliyu, the director of public prosecutions, presented a new list of 62 charges of treason, terrorism and gun-running, seven … read more
Nigeria has cancelled three lucrative oil concessions awarded to two Indian firms during a controversial round of bids last year, the independent This Day newspaper said Monday. The paper quoted a letter by senior oil official Sadiq Mahmoud as saying … read more
Nigeria�s energy crisis may further worsen as indications have emerged that the price of diesel � on which the economy is heavily dependent � may soon hit N200 per litre. The pump price currently hovers around N150 and N160 in … read more
Community leaders in Nigeria�s restive oil-rich Niger Delta have unanimously rejected a government-proposed summit aimed at resolving the military crisis in the region. The leaders claimed they have lost confidence in the government�s lack of political will to resolve the … read more