A group of indigenous investors, under the auspices of ASCOT Nigeria Limited, has acquired the local subsidiary of United States multinational, Wilbros Engineering Services Company for $160m. The American-based oil service company had closed its operations in the Niger Delta … read more
Total SA, Europe�s third largest oil company has said crude production in Nigeria is threatened by insecurity in the West African nation. �We have decided with other oil companies, especially Shell, that the situation cannot continue like this over the … read more
No ransom was paid for the release of Margaret Hill, the three-year-old British girl kidnapped in Nigeria, officials said this morning. It is widely known that money has changed hands in almost every other hostage case in the country’s oil-rich … read more
The main rebel group in Nigeria’s oil-producing Niger Delta said on Monday the abduction of a 3-year-old British girl was unrelated to political violence and the armed struggle over oil revenues would continue. Margaret Hill was released on Sunday night … read more
Gunmen attacked an oil facility in restive southern Nigeria overnight and took two foreigners hostage, private security contractors said Monday. Several speedboats full of gunmen attacked the facility on Calabar River late Sunday night, the two contractors said, speaking on … read more
The Igbo people of south-eastern Nigeria have more reason than ever to seek independence, the leader of the region’s 1960s separatist group says. On the 40th anniversary of the start of the Biafran war, in which more than 1m died, … read more
Nigerian gunmen who kidnapped a British girl have demanded a ransom, her mother said Saturday. Oluchi Hill, a Nigerian, refused to say how much cash was sought for the safe return of Margaret Hill, 3, or who contacted her. “Where … read more
HOPE of release of the British toddler, Margaret Hill, who was abducted by gunmen in Port Harcourt on Thursday, heightened last night. The Rivers State Commissioner of Police, Mr. Felix Ogbaudu, disclosed to The Guardian that there were indications that … read more
Armed men kidnapped three foreigners in oil-rich southern Nigeria on Sunday, local television reported, three days after a three year-old British girl was taken hostage in the same region. Channels Television said the men, believed to be either Lebanese or … read more
Kidnappers in Nigeria have released a three-year-old British girl they have held hostage since Thursday, a state government spokeswoman said. Margaret Hill was in good health and being cared for by security officials in Port Harcourt city, spokeswoman Emma Okah … read more