The Petroleum Products Pricing Regulatory Agency said in Lagos on Thursday, that N218.5bn is to be paid as subsidy to importers of petroleum products for imports made between January and October 2006. The amount exceeds the N150bn set aside for … read more
Indications have emerged that a reconciliation deal brokered last week by the Delta State Government between oil giant, Shell Petroleum Development Company Nigeria Limited (SPDC) and Ijaw host communities in the Niger-Delta may hit the rocks unless fresh demands by … read more
Shell Petroleum Development Company, on Tuesday, began moving its personnel and equipment to its abandoned fields in the Niger Delta region. The exercise was conducted under heavy security cover provided by the operatives of the Joint Military Task Force, Operation … read more
The Chief of Naval Staff (CNS) Vice Admiral Gainyu Adekeye has warned militants in the Niger Delta region to drop their weapons or face the wrath of the law. Adekeye said in Calabar last Tuesday while addressing officers and ratings … read more
Legal moves investigating corruption allegations against Nigerian Vice-President Atiku Abubakar have been quashed by the High Court in Lagos. The court ruled that two reports on Mr Abubakar had no legal foundation. A spokesman for Mr Abubakar said the vice-president … read more
Aviation experts under the aegis of Aviation Round Table (ART) have said that the item recovered from a passenger at the boarding point of a Bellview aircraft about two weeks ago was not a bomb. At a press briefing in … read more
The economy, together with its propellers, oil and gas, concentrated minds in Abuja and Lagos on Wednesday with happy endings. It emerged that Nigeria�s head long tackle of bread and butter issues has lifted its Gross Domestic Product (GDP) to … read more
With more violence from militants and further oil-worker abductions expected ahead of Nigeria’s presidential election next April, energy firms are poised to take tougher security measures to protect workers and spend more money to compensate staff in the increasingly volatile … read more
Prince Charles has attended a state reception hosted by the President of Nigeria following a “low key” arrival in the West African country. President Olusegun Obasanjo flew in just minutes ahead of the Prince, who was then whisked away to … read more
Libyan leader Colonel Muammar Gaddafi has been involved in a diplomatic incident as he arrived in the Nigerian capital, Abuja, for a summit. Nigerian officials say Col Gaddafi was accompanied by more than 200 heavily armed Libyan bodyguards. When security … read more