Exxon says Nigeria oil output remains shut

LONDON, April 29 (Reuters) - Exxon Mobil said on Tuesday most of its oil production in Nigeria remained shut because of a workers' strike

Nigeria: Economy Loses U.S. $2 Billion a Year to Capital Flight in Oil Sector

NIGERIA'S economy loses about N960 billion ($8 billion) annually to non-implementation of local content by oil companies operating in the country, thus leading to lost opportunities for able-bodied Nigerians

Citizens Groan As Food Prices Soar Situation Worsens Globally

In a number of Asian countries, even riots have broken out because of food shortages or skyrocketing prices of commodities.

Yar'Adua Tasks Private Sector On Tertiary Education

President Umaru Musa Yar'Adua has stressed the need for the private sector to show more commitment in supporting educational institutions in the country, pointing out that these synergies will help the universities to re-direct their training in line with the needs of industries.

Nigeria: Oil Price Surge - International Energy Forum Push for Dialogue

Oil ministers from the Organisation of Petroleum Exporting Countries (OPEC), heads of the world's major oil companies as well as non OPEC oil rich nation's under the auspices of the International Energy Forum have called for a dialogue between oil producers and consumers with a view to finding solution to the current oil price surge.

Speaker Bars MPs From Public Comments On Oil Sector Probe

Speaker of the House of Representatives, Dimeji Bankole, yesterday barred members of the House of Representatives chamber from making public comment on the probe of the oil and gas sector, saying it would heat up the polity.

Nigerian President Flies From German Hospital

Nigerian President Umaru Yar'Adua flew home Friday after 11 days in Germany where he recieved medical treatment for an undisclosed ailment.

Yar'Adua arrived in the capital city of Abuja in company of his wife, Turai, and was received at the airport by a crowd of top party and government officials and heads of the military and security agencies.

Corruption Body Accuses Obasanjo's Daughter

An Abuja high court yesterday refused bail to the former Health Minister, Prof Adenike Grange, Minister of State for Health, Dr Yakubu Aduku and ten others

President Yar'Adua Gives Address on Police Reform

Address by President Umaru Musa Yar'Adua, GCFR at the formal presentation of the report of the Presidential Committee on the Reform of the Nigeria Police Force Abuja, Friday, April 11, 2008

Former presidents' daughter in 'hot water'

Nigeria's government has filed graft charges against the daughter of former president Olusegun Obasanjo

Militants Release Kidnapped Oil Workers

FIVE workers of Express /Shebah Petroleum and Gas Company Limited, kidnapped by militant youths in Ilaje oil rich communities areas of Ondo State, have been released to the state government

Power Contractor Overpaid, Probe Hears

Another shocking revelation greeted members of the House Committee on Power and Steel yesterday as they continued their tour of power projects sites in their probe of the funds released to the sector between 1999 and 2007

Senator Owns Up to N300m Health Scam

Barely 48 hours after chasing journalists from her office, first daughter of the former Nigerian president, Senator Iyabo Obasanjo-Bello, has admitted collecting the sum of N10 million out of the N300 million 'Christmas bonus' from the ministry of Health

Reps Uncover Another $151m Secret Contract

The House of Representatives investigative panel on power projects yesterday uncovered more inconsistencies in the awards of National Integrated Power Project (NIPP) contract in Cross River State with a total cost of $151 million.