Nigeria is ready to work with Equatorial Guinea to improve security in the oil-producing Gulf of Guinea, where militants, pirates and smugglers threaten offshore and coastal facilities, the Nigerian presidency said. Equatorial Guinea President Teodoro Obiang Nguema Mbasogo held talks … read more
Russia’s Gazprom is making sure it keeps its dominance of the European gas market, observers say, by trying to influence a potential alternative supplier to Europe — Nigeria. Europe’s dependence on Russian gas has worried officials in Brussels ever since … read more
A delegation from BSM Group, a petroleum refining and petrochemical conglomerate based in Romania, yesterday expressed its desire to establish a petroleum refinery in Nigeria. The group, led by its President, Alhaji Lateef Ogungbadero disclosed this at the formal presentation … read more
Nigerian President Umaru Yar’Adua Thursday renewed his call for the speedy setting up of a Gulf of Guinea Guard Force tasked with ensuring the security of offshore oil facilities in the region, a statement said. The Nigerian presidency said Yar’Adua … read more
THE Economic and Financial Crimes Commission (EFCC) said, yesterday, it would soon carry out a critical examination into what past administrations in the country did with the $500 billion generated from oil in the last 50 years, according to its … read more
TWO kids, Deborah and Francis Uduak, children of an executive officer of the Independent Petroleum Marketers Association, Mr. Sunday Uduak, have been kidnapped. Their captors are demanding N10 million as ransom. Besides, five days after their kidnap, the whereabouts of … read more
Anew group of militant youths has emerged in Ijaw land and they are threatening to deal deadlier blows on the Nigerian state in a manner that would make the past actions of other similar groups look like a child’s play. … read more
OFFICIALS of Shell Petroleum Development Company, SPDC-West, were yesterday at Uzere, Isoko South Council of Delta state chased out of the community by the entire people for unfulfilled promises even as they gave the oil giant a 21-days ultimatum to … read more
One of Nigeria’s most top militants from the oil-rich Niger Delta is being tried in closed-door proceedings on gun and treason charges. The militant, Henry Okah, potentially faces the death penalty for his alleged crimes, according to judicial officials. While … read more
Prospective home owners in Nigeria were beaten and tear gassed by police as they queued to buy up cheap houses being sold off by the civil service. Houses are very expensive in the capital, Abuja, where landlords often demand two … read more