News

Nigeria�s growth to slow from 2009

Productivity in the Nigerian economy is likely to fall in the next four years, according to a new report by the Economist Intelligent Unit (EIU), contradicting government�s projection for the same period. According to the report, Gross Domestic Product (GDP), … read more

Nigeria seizes 80 tonnes of drugs

Nigeria’s National Drug Law Enforcement Agency (NDLEA) has seized 80 metric tonnes of cannabis in one of its largest ever hauls, officials say. The drugs were seized by NDLEA agents in a single raid in the south-western city of Ibadan, … read more

MTN refunds N2.7 billion to customers

Mobile telecommunications giant MTN Nigeria Communications Limited will on Saturday pay N175 worth of airtime to each of its 15 million subscribers as compensation for the pains they suffered as a result of congestion on its network during the month … read more

Half of Nigeria�s cyber cafes shut down

Operational problems and keener competition caused by the convergence of technologies have shut down more than 50 percent of the country�s cyber cafes. Industry watchers say even more will be forced to think up new survival strategies or close down … read more

MEND explains delay in planned attacks

Extra precautions taken by the Nigerian security agencies may have scuttled plans by the Movement for the Emancipation of the Niger Delta (MEND) to carry out planned deadly attacks in the oil region Thursday, to coincide with the observance of … read more

Piracy attacks on the increase

Nigeria�s coastal waters are proving increasingly perilous for mariners. Some 42 attacks on ships were reported in 2007 compared with 28 in 2004, according to the International Maritime Bureau. But the attacks are increasing by the day so much so … read more