Nigerian Legislative House To Declare Niger Delta A Disaster Zone

"Senator Ike Ekweremadu, yesterday said the Upper Legislative House will declare the Niger Delta region a disaster area, as part of Federal Government efforts at finding lasting solution to the problems of the zone.By declaring the area a disaster zone, the government will...

Nigerian Niger Delta Vigilante Movement Attacked Hotel, Killing 13

Armed militants attacked targets in Nigeria's main oil industry centre of Port Harcourt on Tuesday, leaving 13 people dead, a military spokesman said.Bands of armed men invaded the city in the morning, attacking two police stations and raiding the lobby of a major hotel....

Oil Gunmen kill Nigerian Chiefs

When The Foreign Expatriates are gone they turn to the "Local Expatriates", like crocodiles who eat their own eggs. "The popular quote in economics is thus justified: when the desireable is unavailable, the available becomes the desireable". Two passengers who suffered...

Oil prices slide

"WORLD crude prices dropped below $US59 in New York trade overnight, as traders cast doubt on the likelihood of an output reduction by the OPEC oil cartel. New York's main contract, light sweet crude for delivery in November, lost $US1.01 to $US58.95 per barrel in pit...