Lawmakers Call for Finance Minsiter's Resignation

House of Representatives appears set to press for the removal of the Minister of Finance, Dr. Shamsudeen Usman, following what they describe as his lack of regard for the legislature.

Nigerian Government to Employ Militants to Guard Pipeline.

In order to end the activities of vandals in the Niger Delta, the Federal Government is set to employ the services of militants in the area to monitor oil pipelines

Porous Border Aids Human Trafficking

Nigeria's porous border with its northern neighbour Niger is being exploited by traffickers smuggling teenage girls to Europe where they will work as prostitutes, immigration officials told IRIN

Yar'Adua Orders Shell, ExxonMobil to Refund N236 Billion

President Umaru Musa Yar'Adua has ordered the Nigerian National Petroleum Corporation (NNPC) to immediately recover outstanding payments of $1.91 billion (N236 billion) due to the Federal Government from Shell and ExxonMobil on the Production Sharing Contracts (PSCs) for the Bonga and Erha oil fields.

Population Explosion - Lagos to Set Up 7 Satellite Towns

Lagos state government is to establish seven new satellite towns in different parts of the state as part of moves to decongest the highly populated density areas within the metropolis.

Nigerian Oil Pipeline Explosion Kills At least 100

An oil pipeline in a northern suburb of Lagos, Nigeria's financial capital, exploded Thursday, killing at least 100. More people remain trapped in burning houses, Reuters reports citing the Red Cross.

Yar'Adua Sends New Petroleum Industry Bill to National Assembly

President Umaru Musa Yar'adua has sent a new petroleum industry bill that seeks to transform the basic provisions of the national oil and gas policy into law to the National Assembly.

Nigeria: Fresh Set-Back For Bakassi Treaty

The House of Represent-atives may not ratify the Green Tree Agreement between Nigeria and Cameroon signed by former president Olusegun Obasanjo ceding the Bakassi Peninsula to Cameroon.

Nigeria: The Nnamani Example

There are great lessons to learn from the rising profile of former Senate President Ken Nnamani. The rise has been steady since he left office a year ago. His profile is a profound testimony to the fact that amid the cloud that often envelopes the perennial discussion of the leadership question, a silver lining comes up, once in a while, on the horizon.

N-Delta Peace Parley Wants Oil, Gas Laws Reviewed

THE Niger Delta Peace Parley jointly organised by the Niger Delta Development Commission (NDDC) and the Nigerian Bar Association (NBA) ended yesterday in Port Harcourt with a call on the National Assembly to review laws regulating the oil/gas sector as well as land use.

Power Probe - I Have Not Received Any Invitation - Obasanjo

Former president Olusegun Obasanjo said yesterday that he had not received any official invitation from the House of Representatives to appear before the committee on power, currently investigating the power sector.

Hints of a rift at OPEC about production

An oil official signaled for the first time in months that the oil cartel might increase its output if prices keep rising.

Nigeria: FG, States to Settle Excess Crude Money Dispute Out of Court

The federal government yesterday indicated its intention to settle out of court, the dispute over the sharing of about N1.4 trillion excess crude earnings

Bio-Fuel and World Food Shortages, is Nigeria Ready to Avert Food Crisis?

With the recent escalation in food prices globally, the Vanguard America correspondent in Houston, for the Oil and Technology conference talked to Anthony Ndah, Nigerian engineer with expertise in energy resources and petroleum engineering

Nigeria: Yar'Adua Orders Talks With Lagos On Disputed Properties

PRESIDENT Umaru Yar'Adua has directed the Attorney-General of the Federation and Minister of Justice, Mr. Michael Aondoakaa (SAN), and his counterpart in the Housing and Environment Ministry, Mr. Chuka Odom, to dialogue with officials of the Lagos State government with a view to resolving the dispute between the two sides over some landed properties

Oil rises on Nigeria, Iran supply concerns

PERTH, May 5 (Reuters) - Oil rose more than $1 to above $117 a barrel on Monday, extending the previous session's 3 percent gain, bolstered by further supply disruptions in Nigeria and geopolitical tensions between Iran and the West

Company has No Record of Oil Revenue In 4O Years

Speaker of the House of Representatives, Hon. Dimeji Bankole, at the weekend alleged that the Nigerian National Petroleum Corporation does not have the exact record of what the country has earned from crude oil sales since 1968

Nigeria: ANPP Set to Pull Out of Yar'Adua's Government

In less than a year of its formation, President Umaru Musa Yar'Adua's government of national unity (GNU), in which the All Nigeria Peoples Party (ANPP) is a major participant, is set to crumble. The ANPP is meeting on Wednesday to take a decisive position on the matter

Nigeria: Bread Strike Threatens Food Supply

Supplies of bread have dwindled in Lagos and other cities across Nigeria since 5 May when the Association of Master Bakers and Caterers of Nigeria went on a nationwide strike over the rising price of flour and other raw materials

Constitution Superior to FEC Directives - Fmr Attorney-General

Chief Bayo Ojo, former minister of Justice and Attorney General of the Federation in the administration of former President Olusegun Obasanjo has reinstated the superiority of the laws of the land and the constitution over and above the Federal Executive Council, FEC, even during President Obasanjo's era which he served.