Nigeria on Wednesday announced it was suspending import duties and other taxes on rice while launching a raft of other measures to head off a food crisis in Africa’s most populous nation. The government said that it will not collect … read more
World oil prices surged to fresh record highs above 123 dollars per barrel Wednesday amid concerns about tight supplies and lingering unrest in oil-rich Nigeria, traders said. Oil prices have rocketed in recent months spurring concern that sharp price hikes … read more
The immediate past president, Chief Olusegun Obasanjo, and former vice president, Alhaji Atiku Abubakar, are set to appear before the House of Representatives Committee probing the contracts in the power sector. THISDAY learnt that Obasanjo has resolved to appear before … read more
THE Federal Government has set up a committee to unravel the mystery surrounding the disappearance of the Beechcraft 1900D aircraft belonging to Wings Aviation. Worried by the conflicting reports emanating on the disappearance, the Federal Government was said to have … read more
Niger Delta rebels on Tuesday promised to halt attacks on the oil industry if the Nigerian government would allow U.S. President Jimmy Carter to act as a mediator in the simmering conflict. The rebel Movement for the Emancipation of the … read more
Crude oil rose to a record $122.73 a barrel in New York on threats to supply in Nigeria and Iraq and growing Asian fuel consumption. Royal Dutch Shell Plc said a militant attack over the weekend damaged a flow-station in … read more
Senate bars FG from importing N80bn rice read more
President of the Nigerian Bar Association (NBA), Mr. Olisa Agbakoba and former presidential candidate of African Democratic Congress (ADC), Professor Pat Utomi have decried the inability of the Niger Delta Development Commission (NDDC) to fully perform and affect the lives … read more
Each evening, headscarf-shrouded women seeking romantic advice gather at book stalls lining a rush-hour intersection in Nigeria’s Islamic heartland. With the sun setting red behind a nearby mosque, the women thumb through northern Nigeria’s unique, female-authored literary offerings: cheaply bound … read more
The Federal Government has advised militant groups in the oil-rich Niger-Delta region to hold leaders of the region accountable for the deprivations and under-development suffered by oil-producing communities despite the huge resources accruing to oil-producing states. Secretary to the Government … read more