The Central Bank of Nigeria {CBN} will soon move against hawkers of the Naira, especially those who exchange new currency notes for old ones at motor parks or parties and other social functions. This plan was revealed in Ibadan during … read more
The two main opposition parties in Nigeria have agreed to form an alliance in time for next year’s presidential, parliamentary and state elections. Leaders of the All Nigeria People’s Party (ANPP) and the Action Congress (AC) agreed not to run … read more
The United States government yesterday warned that the avian flu, popularly known as the bird flu, may mutate into a deadly pandemic worldwide and could end up claiming millions of lives globally, especially in developing countries. The US leader of … read more
The Warri Refinery and Petrochemicals Company has recorded a total income of N5.75bn in the financial year ended 2005. That result was achieved despite the companys inability to operate at full capacity due to the havoc wreaked on the Escravos … read more
An Italian hostage held with three colleagues in the creeks of Nigeria’s oil producing Niger Delta said on Wednesday the captives were in good health but were worried about how long it was taking to get them out. The four … read more
At least eight people were killed while 18 others were seriously injured on Tuesday in Nigeria’s northern city of Kaduna when a truck crashed into a crowd of political supporters, said a road safety official. Kasaba Musa Haruna said that … read more
AMID visible long queues at fuel stations and concern that the country might be heading for a major energy crisis, the Nigerian National Petroleum Corporation (NNPC) yesterday said that it has fuel in abundance. The corporation also assured that there … read more
The Economic and Financial Crimes Commission (EFCC) in Lagos are currently detaining four officials of the Rivers State government over investigation on contracts awarded by the Governor Peter Odili administration. Those detained are three commissioners overseeing the Finance, Works and … read more
Unless there is a last minute change in the recommendations of the report of the Paul Dike�s Presidential Task Force on Aviation, airlines will now have to scale through a new capitalisation and registration regime in order to operate in … read more
Fuel scarcity has hit Port Harcourt, the Rivers State capital, and its environs ahead of the indefinite strike called by the National Union of Petroleum and Natural Gas Workers of Nigeria. The scarcity, which started as soon as the union … read more