The Nigerian government has announced its proposed budget of N1.9 trillion ($1.5 billion) for its fiscal expenditure in 2007, to be used to upgrade the country’s dilapidated transport system involving roads, inland waterways and the aviation sector. The Minister of … read more
Worried by the near overflooding of Port Harcourt by heavy rains, the Rivers State Government on Thursday ordered the demolition of houses erected on flood channels. Heavy rains had on Sunday prevented no fewer than five churches on Liberation Stadium … read more
THE Naira appreciated further in all the segment of the foreign exchange market, even as the Central Bank of Nigeria (CBN) sold $267.7 million through the Wholesale Dutch Auction last week. The apex bank disclosed this in its weekly bulletin … read more
Embattled Okrika-based militant leader, Ateke Tom, on Wednesday denied claims by military authorities that he was shot and wounded in a gun battle during a raid by the Joint Task Force in his hideout. The JTF had on Tuesday declared … read more
The oil and gas sector witnessed a near total shutdown yesterday as the 3-day warning strike ordered by the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Gas Senior Staff Association (PENGASSAN) took off with … read more
HUNDREDS of Ugborodo youths on Tuesday staged a peaceful protest against the management of Chevron Nigeria Limited,CNL, for flooding the Escravos Tank Farm with non-native casual and contract staff while thousands of indigeneous youths are roaming the town jobless. The … read more
Minister of State for Petroleum Resources, Dr. Edmund Daukoru has said that the seemingly intractable crisis in the Niger Delta region costs the nation’s economy a whooping N7.8 billion daily. Speaking yesterday in Vienna, ahead of the ministerial meeting of … read more
Motorists formed long queues at fuel stations and bought in panic in Lagos on Tuesday as oil workers rounded off their clarion call for a strike today. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and National … read more
You would be N5 million richer if you could provide information that would lead to the arrest of Tom Ateke, leader of the Niger Delta Vigilante. The military task force in Rivers State placed the sum on his head on … read more
A fresh oil spillage occurred, weekend, at Okpe-Olomoro in Isoko South local government destroying aquatic life and economic crops and also polluting the groundwater and fishing ponds in the community. The crude oil spill from a Shell Petroleum Development Company … read more