Nigeria borrowed $3.1billion between 1999 and 2007 from multilateral agencies like the World Bank, African Development Bank and other international lenders, the Debt Management Office (DMO) said in Abuja yesterday. Out of this amount, $2.9billion was collected from multilateral agencies … read more
U.S. oil company Chevron said on Friday it was evacuating hundreds of nonessential personnel from offshore operations in Nigeria due to security concerns. Chevron spokesman Michael Barrett said the evacuation would not further impact the company’s production in Nigeria. “We … read more
Nigerian Islamic police have demolished four theatres in the north-western state of Kano in a campaign to stamp out anti-social and immoral behaviour. The demolitions come after a reported lesbian marriage between a woman and four partners in one of … read more
The sudden upsurge in militant activities in the oil-rich Niger Delta region of the country just before and after the April general election has been described as a reflection of the deep sense of dissatisfaction with government�s efforts, especially at … read more
The country�s security may be threatened with the discovery that four containers of explosives allegedly imported from Germany had disappeared in transit. It was learnt that five of the six containers received were tampered with, while some quantities were found … read more
Job, water and power top the list of priorities, which Nigerians want governments at all levels in the country to focus on in the next 12 months, according to a poll conducted by NOI Polls in conjunction with Gallup. NOI … read more
Security agencies and Delta State Government were in a dilemma on Thursday as the whereabouts of four Americans abducted in the state on Tuesday night, could not be ascertained almost 48 hours after the incident. Also, the management of the … read more
More than a year since they began their armed campaign in Nigeria’s volatile Niger Delta, the Movement for the Emancipation of the Niger Delta (Mend) remains a shadowy and faceless group. If they had hoped to mend the region, which … read more
Oil prices rose on Thursday despite a United States report showing that stocks of gasoline, crude and distillate fuels all rose, as markets worried about violence in Nigeria, Africa�s largest producer and a leading supplier to the US. Light, sweet … read more
Gunmen jumped from a minibus in Nigeria’s southern oil center and killed two police officers Thursday in the latest violence to strike the petroleum-producing region, officials said. The attack in the city of Port Harcourt took place near the offices … read more