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Nigeria

U.S. - Nigeria Trade Hits $42.2 Billion

Nigeria is now the 14th largest goods trading partner of the United States with $42.2 billion in two-way goods trade last year, THISDAY can report. This comes as the country's Trade Representative, Ambassador Ron Kirk , during a meeting with Minister of Commerce, Chief Achike Udenwa , stated that Nigeria had taken tremendous steps to improve its...

Nigeria, Niger Hardest Hit By 2009 Meningitis Epidemic, Says UN Health Agency

A vast majority of the nearly 25,000 suspected meningitis cases and more than 15,000 deaths worldwide in the first three months of 2009 have occurred in the so-called "African meningitis belt," hitting Nigeria and Niger the hardest, the United Nations health agency has reported. The bulk of the cases in the meningitis belt, stretching from Senegal...

Representatives of the oil unions will meet government officials of Nigeria on Monday

Representatives of the oil unions will meet government officials on Monday in hopes of averting a workers strike over security fears in the restive Niger Delta, a senior union official said yesterday. Petroleum, Energy and Gas Senior Staff Association of Nigeria (PENGASSAN) and its sister group National Union of Petroleum, Energy and National Gas...

Former Nigeria Vice President, Atiku Abubakar, has Denied involvement in the Bribery Scandal

Former Vice President, Atiku Abubakar, has denied involvement in the bribery scandal allegedly committed by the American Company, Halliburton. Atiku also reiterated his innocence in the case involving a United States Congressman William Jefferson. Reacting yesterday to media reports that his former boss, Olusegun Obasanjo, had in a British...

Country's Oil Production to Grow By 600,000 Barrels in Nigeria

THERE are high indications that Nigeria's oil production would grow by another 600,000 barrels of oil equivalent per day (boed) by 2013 from which the present production output is expected grow by another 175,000 barrels of oil per day by the end of May 2009. This is coming on the heels of a successful oil discovery at the Akpo oil field on Oil...

Meningitis, Lassa Fever Kill 333 in 22 States of Nigeria

After an initial denial, the Federal Government has finally confirmed the outbreak of two deadly diseases, Lassa fever and Meningitis, in the country. Health Minister Babatunde Osotimehin who made the confirmation at an interactive session with newsmen in Abuja yesterday said 5,323 cerebrospinal meningitis (CSM) cases had been reported in various...

The Federal Executive Council (FEC) to Approve 10-Year Ban On Violent Politicians in Nigeria

The Federal Executive Council (FEC) is expected today to approve a ban of 10 years for politicians guilty of violence. A maximum period of six months' trial of election petitions is also anticipated in the final White Paper on the report of the Electoral Reform Committee (ERC) chaired by former Chief Justice Muhammadu Uwais. Last Wednesday, a...

Nigerian Oil Workers Plan Strike Over Privatization of Refineries

Oil workers under the aegis of the National Union of Petroleum and Natural Gas (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday gave the Federal Govern-ment a 21-day notice to reverse its decision on deregulation and the planned privatisation of refineries or face industrial action. The threat of...

Nigerian Govt Considers Radical Banking Reforms

In a move aimed at restoring confidence in the banking industry and the financial services sector of the economy, the Presidential Steering Committee on the Global Financial Crisis proposed some far reaching measures, which were approved by President Umaru Musa Yar'Adua last week. Chief among the reforms is the immediate establishment of a...

Trovan - FG Gives Pfizer Terms to End Charges

The Federal Government has offered Pfizer Inc. its final terms to end civil and criminal charges against the company over the 1996 drugs trial, the prosecutor in charge of the case said yesterday, according to agency reports. The sources added that Pfizer and families of the victims of the drug trial have reached an out-of-court settlement in...

Nigerian Army Invaded the Camp of Woki Godswill Ibralayu on Thursday

Men of the Nigerian Army on Thursday invaded the camp of Woki Godswill Ibralayu alias Kitikata who last week attacked the multi-billion dollar Brass Oil Terminal belonging to Italian oil giant, Nigeria Agip Oil Company (NAOC). Six militants were reportedly killed during the invasion, but KItikata himself escaped with gun wounds. Joint Task Force (...

Investors Jittery Over Oil Sector Reform Bill In Nigeria

The delay in the passage of the Oil and Gas Sector Reforms Bill by the National Assembly is slowing investments as potential foreign investors are said to be jittery over the shape the reforms will take when the bill is finally passed into law. Investors also are said to be concerned about the spate of revocation of oil contracts signed during the...

New Governor Announced in Ondo State of Nigeria

Akure, the Ondo State capital, and some neighbouring towns erupted in jubilation yesterday as the news filtered in that hard-fighting Labour Party (LP) gubernatorial candidate in the April 14, 2007 election in the state, Dr. Olusegun Mimiko, had been pronounced the governor of the state. The atmosphere, however, became electrifying when Mimiko...

UN Raises Rights Issues Against Nigerian Govt.

The United Nations (UN) Human Rights Council has asked Nigeria to address 32 issues to improve on the human rights situation in the country. Adopting Nigeria's national report, at the Universal Periodic Review (UPR) in Geneva, the council said it "produced a report containing 32 paragraphs of recommendations for Nigeria". In a statement...

Meningitis Ravages the Northern Nigeria - Over 70 Reported Dead, Hundreds Infected

Outbreaks of Cerebro-Spinal Meningitis continue to rear their ugly heads in Northern Nigeria, even as statistics revealed continue to raise concerns. In Kano State, the disease has led to the death of 21 persons out of the 278 cases reported in the state. The Deputy Director, Disease Control of the state's Ministry of Health Dr. Ashiru Rajab, said...