A fresh round of hardship looms in the country as fuel marketers yesterday warned Nigerians to prepare for another scarcity. The scarcity, Nigerian Tribune learnt is the fall-out of the recent pipeline fire incident at Ijegun, Lagos State but another … read more
Nigeria is in danger of losing $20 billion (N2.5 trillion) oil and gas investments to its neigbouring countries due to the destruction of oil and gas-related activities in Lagos area, the unresolved Niger Delta crisis and the insincerity of government … read more
Royal Dutch Shell said yesterday that Nigeria’s government risked undermining investor confidence after a review of oil contracts recommended that Shell and ExxonMobil should pay the state almost $2bn. Shell voiced its concerns shortly after agreeing, in a separate move, … read more
AS the legal battle between Kano State government and Pfizer Pharmaceutical Incorporation continued over Trovan test by the company which allegedly led to the death of many people, the two parties may have finally agreed to settle out of court. … read more
MEND warn of attacks and car bombings to mark President Yar’Adua’s first year in office. The e-mail, issued to journalists by their spokesman – Jomo Gbomo – is reproduced in full below. From: Jomo Gbomo Sent: 28 May 2008 16:43 … read more
The Nigerian military has confirmed that a major pipeline in the country’s oil-rich Niger Delta has been blown up. But it denied a militant claim that it had lost 11 troops during the attack. The Movement for the Emancipation of … read more
Hundreds of commercial motorcyclists (okada) took to the streets of Port Harcourt, Rivers State, yesterday, protesting government�s proposed ban of the cyclists on 35 major roads and some streets of the city and Obio/Akpor council of the state. Consequently, scores … read more
FORMER Siemens AG executive Reinhard Siekaczek yesterday told a court in Munich, Germany, that he built a system of slush funds at a unit of the engineering firm through which officials in several countries, including Nigeria, were bribed with company … read more
The financial quagmire afflicting the operations of the Nigerian National Petroleum Corporation (NNPC) and Shell Petroleum Development Company (SPDC) Joint Ventures (JVs) may have finally come to an end with the sealing of a financing agreement between the two parties … read more
Crude oil prices rose after reports of attacks on a pipeline in Nigeria stoked fresh supply concerns. US light, sweet crude gained $1.27 cents to reach $133.46, while London Brent added $1.23 to $132.80. It has been a volatile few … read more