An overall trend towards economic growth in Nigeria masks the fact that millions have been forced into low-wage jobs in the once industrial north, trade experts warn. “In the last 15 years more than three million jobs have been directly … read more
Oil production at the Royal Dutch Shell’s Bonga field is yet to return to full capacity after the recent recent attack on the facility be the dreaded Movement for the Emancipation of the Niger Delta. Making the disclosure in an … read more
STRIKING teachers of public primary and secondary schools across the nation have resolved to picket their counterparts in private schools for failing to join the industrial action. The Nigeria Union of Teachers (NUT), which yesterday directed its affiliates in the … read more
As the Senate yesterday condemned arrests of persons invited to give testimonies in the National Assembly within its premises, the Economic and Financial Crimes Commission (EFCC) will tomorrow arraign the two former Ministers of Aviation arrested over the N19.5 billion … read more
GOVERNOR Timipre Sylva of Bayelsa State advocated, yesterday, greater international involvement in the resolution of the Niger Delta crisis, stressing that this could unlock over one million barrels of crude oil currently shut-in and bring down prices. The forum was … read more
The Niger Delta crisis has remained intrac-table because crude oil smugglers are the ones sponsoring militant activities in the region, Vice-President Dr. Goodluck Jonathan said in Abuja yesterday. Speaking at a meeting of the Honorary International Investors Council at the … read more
The Movement for the Survival of the Ogoni People (MOSOP) has denied that community leaders in the restive oil-rich Niger Delta want a peace summit to solve the unrest in the region. This sharply contrasts with a statement released by … read more
Two former Ministers of Aviation, Professor Babalola Borishade and Chief Femi Fani-Kayode, were yesterday arrested by officials of the Economic and Financial Crimes Commission (EFCC) over the controversy trailing the disbursement of the N19.5 billion Aviation Intervention Fund. They were … read more
Nigeria and other leading oil countries have gathered in Madrid, Spain to search for a solution to the unprecedented crude price; which neared $144 per barrel (bp)on Monday, and continues to threaten the world economy. The new price surge came … read more
Nigeria’s oil minister Odein Ajumogobia Monday confirmed reports that the Bonny Light crude oil facility had been attacked over the weekend. “We do not yet know, however, whether there has been any disruption to production from the field,” the minister … read more