President Umar Musa Yar’Adua yesterday took a strong stance against the continued exclusion of Africa from the Security Council of the United Nations (UN), describing it as “unfair and untenable. “The Security Council remains geographically unbalanced in spite of protests … read more
Oil prices rose on Wednesday, gaining back a small portion of losses the last three sessions that were driven by easing supply concerns. Traders were keeping an eye on three tropical weather systems, one in the southwestern Gulf of Mexico, … read more
Nigerian High Commissioner to India, Ambassador Mohammed Lawal Dutsima, has raised alarm over fake promissory notes and Memorandum of Understanding (MoU) entered into by state governors and Indian companies. Dutsima, who received in audience, Deputy Senate President, Senator Ike Ekweremadu, … read more
Leader of the Niger Delta Peoples Volunteer Force(NDPVF), Alhaji Mujahid Dokubo Asari, has said Henry Okah, operating under the alias of Gbomo Jomo and spokesman for the Movement for the Emancipation of the Niger Delta (MEND), was responsible for bank … read more
(AP) _ Gunmen on Thursday attacked a compound where foreigners work in Nigeria’s restive southern oil region, shooting one foreigner and spiriting another away by boat into the region’s vast network of creeks, police said. � The boat-borne gunmen hit … read more
The leader of the Niger Delta Peoples Volunteer Force, Alhaji Mujahadin Asari-Dokubo, on Tuesday dismissed recent threats by the Movement for the Emancipation of the Niger Delta to resume attacks on oil installations and abduction of foreign oil workers in … read more
Swiss firm Addax Petroleum has offered to buy ExxonMobil’s 40 percent interest in oil block 1 of the Nigeria-Sao Tome Joint Development Zone (JDZ) in the Gulf of Guinea. Making the announcement yesterday, the company said it would pay $77.6 … read more
There are strong indications that Nigeria may be heading for a diplomatic row with the United States of America over the �No Oil Producing and Exporting Cartel� bill passed by both chambers of the United States Congress. The Nigerian Senate … read more
Vice President Goodluck Jonathan yesterday announced that the delayed all-inclusive Niger- Delta summit which is being planned is now to hold in October.The proposed summit is to among other things fashion a road map towards the involvement of every stakeholder … read more
Acting Executive Director, Finance and Administration of the Niger Delta Development Commission (NDDC), Elder Power Ziakede Aginighan, has commended President Umaru Yar’Adua, over the decision to grant amnesty to the militants in the Niger Delta Region. He said this singular … read more