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Nigeria

60 Million Nigerians Now Own Power Generating Sets For Their Electricity!

AN estimated 60 million Nigerians now own power generating sets for their electricity, while the same number of people spend a staggering N1.56 trillion ($13.35m ) to fuel them annually, and despite the cut in the price of Premium Motor Spirit (petrol) announced last week, marketers still sell at N70 and above in many parts of the country....

Govt, States to Settle Excess Fund Out of Court In Nigeria

The face-off between the federal government and eleven states over the withheld excess crude fund by the federal government which is now before the Supreme Court may eventually be settled out of court. The federal government our correspondent reliably gathered has taken steps to persuade the affected states to withdraw the case from court and meet...

House Draws Battleline With Senate, Endorses 'Walkout' In Nigeria

The disagreement between the Senate and House of Representatives over arrangements for the review of the 1999 Constitution is far from being over as the House yesterday endorsed last weekend's walk-out of its 44 members from the retreat of the Joint Constitution Review Committee (JCRC) in Minna, Niger State. Sitting in a plenary session, the House...

Yar'Adua Set to Overhaul Oil Sector In Nigeria

President Umaru Yar'Adua has put all machinery in motion to implement recommendations of the Oil Sector Implementation Committee (OSIC) to restructure the oil and gas sector. The bill has been sent to the National Assembly as an executive bill. Presidency sources informed Sunday Independent that the president has been thoroughly embarrassed by the...

Finally Obasanjo, Atiku Make Peace In Nigeria

Obasanjo "There was nothing personal about our disagreement."Atiku "It's my New Year visit to my former boss." Almost two years after leaving office during which their disagreement while in office continued to put them asunder, former President Olusegun Obasanjo and his estranged deputy, Alhaji Atiku Abubakar, got back on...

Naira - Cost of Living Rises Nationwide In Nigeria

MANUFACTURERS, importers and traders in basic goods and services are reviewing their prices upwards by as much as 20 per cent in reaction to the devaluation of the naira. This draws the mark-off point of general increases in the prices of goods and services in the country which will cause many Nigerians to live below the poverty line in 2009. This...

PDP Governors Back Yar'Adua Against Jang In Nigeria

IN an unfolding politicisation of the aftermath of the Jos mayhem, governors elected on the platform of the People's Democratic Party (PDP) have taken sides with the Federal Government, and tongue-lashed their Plateau State colleague, Jonah Jang, for taking a confrontational stand against the Federal Government. This is happening just as the 26...

Job Losses Loom as Naira Crashes Further

A thick cloud of uncertainty descended on the nation's foreign exchange market yesterday as the Naira fell further by N6 to N150 per dollar in the official market, with dire implications for the national economy. Reacting to the development, the Nigerian Employers Consultative Association (NECA), the Nigeria Labour Congress (NLC), Manufacturers...

Gunmen Kidnaped Ex-Speaker In Nigeria

Immediate past Speaker, Akwa Ibom State House of Assembly, Chief Nelson Effiong, has been kidnapped by militants. THISDAY gathered that the former lawmaker who hails from Oron Local Government area of the state, was abducted by militants along Obio Imo Street, in Uyo, the state capital. By the time of filing this report yesterday, no group had...

Tensions Rise Again In Riot-Torn City In Nigeria

Barely weeks after the last crisis that virtually turned the once bubbling city of Jos into a ghost town, tension again enveloped the city yesterday, as security personnel took over almost every part of Jos. This followed the arrest of 26 men suspected to be mercenaries on a mission in the city, by men of the Plateau State police Command....

Make Gas Flaring History In Nigeria, Group Urges FG

Executive Director, Environmental Rights Action/Friends of the Earth (ERA), Mr Nnimmo Bassey, has called on President Umaru Yar'Adua to adhere to the December 31, 2008 deadline his administration set to stop gas flaring in Nigeria. He recalled that in 2005, a Federal High Court gave a ruling which declared gas flaring illegal, and urged Yar'Adua...

Plateau Governor Sues Govt Over Jos Crisis In Nigeria

Plateau State Governor Jonah Jang has dragged the Federal Government to the Supreme Court for setting up a panel of inquiry to probe the November 28 sectarian riots that engulfed the state over the local government election in Jos North. Over 300 people were reportedly killed in the riots, while properties worth millions of naira were destroyed....

JTF Kills Three Militants, Captures Four in Bayelsa In Nigeria

Three militants were shot dead and four others captured alive, yesterday, after a heavy exchange of gunfire between the Joint Task Force on the Niger-Delta and militants, who attempted to overrun an Agip flow station at Tebidaba, a creek community in Bayelsa State. A member of the task force was also seriously wounded. Reports said the entire...

EFCC Spreads Dragnet for El-Rufai

The Economic and Financial Crimes Commission (EFCC), yesterday, enlisted the help of the International Criminal Police Organisation (Interpol) and the United States Federal Bureau of Investigation (FBI) to effect the arrest of former Minister of the Federal Capital Territory, Mallam Nasir el-Rufai, before the end of the year. An impeccable source...

AP, NNPC to Build Refinery In Lekki, Lagos, Nigeria

The Nigeria National Petroleum Corporation (NNPC), has concluded arrangement to enter into a joint venture partnership with African Petroleum Plc, in year 2009, so as to construct a refinery in Lekki, Lagos. The joint partnership will help alleviate the problem of distribution of petroleum products nationwide, an industry expert had noted. This...