Operating in oil-rich Nigeria has always been a challenge for energy-service companies, but new bribery probes by U.S. authorities are raising legal and financial risks that may force them to leave the country. GlobalSantaFe Corp , Transocean Inc and Pride … read more
Nigeria removed the commander of a military force sent to protect its oil industry from separatist guerrillas yesterday as three Western hostages marked their 18th day in the Niger Delta swamps. In recent weeks, rebels have attacked oil export facilities … read more
Angry demonstrators have injured a prison official in northern Nigerian Bauchi state in an attempt to lynch suspected homosexuals being held in custody, official news agency NAN said Saturday. The prison chief, Mohammed Nata’ala, was quoted by NAN as saying … read more
President Umaru Musa Yar’Adua yesterday said he ordered the suspension of the Naira redenomination policy announed two weeks ago by the Central Bank of Nigeria (CBN)’s Governor, Prof. Chukwuma Soludo because he was not convinced of the merits of the … read more
Minister of Interior Affairs, retired Major General Godwin Abe said the police would soon reintroduce roadblocks in the nations high ways to check criminals. The minister noted that the police and other paramilitary formations will be retrained to enhance their … read more
The Independent National Electoral Commission on Saturday accused the European Union Election Observation Mission of harbouring a hidden agenda. The commission stated this in a four-page statement issued last night in Abuja on the damning report of the mission on … read more
Nigerian Justice Minister Michael Aondoakaa said he is freezing a plan to re-denominate the Nigerian currency, the naira. The plan had been announced by the governor of the Central Bank, Chukwuma Soludo, last week. Mr Aondoakaa said the plan was … read more
The Military Joint Task Force (JTF) operating in Rivers State yesterday morning raided cultists hide outs in the creeks of the state, killing 15 of them in the process. The flash point was Tombia, in Degema Local Government Area, said … read more
There are indications that air passengers are likely to experience difficult times at the nation�s airports as the scarcity of aviation fuel hits the airline industry. Investigations by our correspondent on Friday showed that most airlines are already flying with … read more
Minister of Information and Communication, Mr. John Odey, has cautioned media outfits in the country to avoid reports that would infringe on the stability and security of the nation. Addressing a public forum organised by the National Broadcasting Commission (NBC) … read more