Inflation rate of 18.3% may not be peak, Time Economics says Nigerian inflation accelerated for the 12th consecutive month in October as exchange-rate pressures persisted on the prices of goods Continue Reading
Port Harcourt — Rivers State Governor Nyesom Wike has blamed the Federal Government for the unending sabotage of oil and gas pipelines by militants. Wike said the Federal Government had Continue Reading
A militant group waging war on Nigeria’s oil sector said U.S. President-elect Donald Trump can help eradicate what it sees as Islamic fundamentalists in power. Trump was confirmed to have Continue Reading
Oil pipeline fire Nigeria’s most notorious militants sabotaging oil infrastructure, the Niger Delta Avengers (NDA), have said they bombed late on Tuesday the Trans Forcados pipeline, in the third attack Continue Reading
Aggrieved indigenes of Ogidigben, Ajudaibo and Mandagho, Itsekiri riverine communities in Warri South West Local Government Area, Delta State, protesting alleged abandonment by Shell Petroleum Development Company, SPDC, have shut Continue Reading
Nigeria’s population reached 182 million this year with more than half of its people under 30 years of age, putting a severe strain on a nation suffering from a slowing Continue Reading
The Federal Government has been going cap-in-hand begging for loans around the world, without making much success because of the global financial crunch. Besides, Nigeria’s economic recession make such venture Continue Reading
A Nigerian militant group admitted to an attack on a crude oil export pipeline, but blamed a rogue member for violating a truce, a Nigerian newspaper reported. A spokesman for Continue Reading
The upper house of Nigeria’s parliament, the Senate, has finally approved the long-awaited second reading of an oil industry overhaul bill that has been stagnate for ten years—a necessary step Continue Reading
With an eye on the national budget, Nigeria’s state oil company said it would work closely with police in an effort to tackle militant threats. The Nigerian National Petroleum Corp. Continue Reading
