Wednesday, September 22, 2010

Three French nationals kidnapped off Nigerian coast



Three French nationals were seized after pirates boarded an oil industry supply vessel off the coast of Nigeria.


The abduction comes just six days after seven people, including five French nationals, working in neighbouring Niger's uranium fields for French nuclear giant Areva were kidnapped by Al-Qaeda in the Islamic Maghreb.


The men's employer in Nigeria, French maritime services firm Bourbon, and the French foreign ministry said they had contacted the kidnapped workers' families and were working with Nigerian authorities to secure their release.


Bourbon has also set up a crisis cell in the French town of Marseille.


French Defence Minister Hervé Morin played down speculation that the hostage-takers may have had a political motive. In a FRANCE 24 interview on Wednesday Morin said that "everything points to it being a classic act of piracy."


Bourbon said in an online statement that its boat had been working on an off-shore field owned by Addax Petroleum, a Swiss-based subsidiary of the Chinese energy and chemical giant Sinopec.


"The 13 other crew members have remained on board and nobody has been injured. No claim has been made at this stage," Bourbon said.
 
Addax has several offshore and onshore fields in Nigeria, but its main offshore wells lie in OML123, an oil production bloc 60 kilometres (37 miles) south of the city of Calabar at the far eastern edge of the Niger Delta.


The Gulf of Guinea, south of Nigeria, is one of the world's most notorious pirate hunting grounds, and ships working in the region's huge oil industry are often targeted by kidnap and ransom gangs.


Bourbon has been the target of several attacks in the past two years in the Niger Delta oil-producing area.


Nine Bourbon workers were taken hostage along with their ship in January last year and freed a few days later. In October 2008 another of its ships was seized by pirates off the Nigerian coast.


France24


Related stories: Kidnapping culture in Nigeria on the rise


MEND kidnap crew from oil tanker 


Nigerian militants release kidnapped sailors



 



Video - Babangida: Why I'm seeking election



Ex-military leader Ibrahim Babangida on why he annulled '93 elections and why he's running for Nigeria's presidency.


Related stories: I'll run for 2011 Presidential Polls, says Babangida


Former First Lady Maryam Babangida passes on at 61



Monday, September 20, 2010

Nigeria Looks Beyond Petrodollars













Nigeria's economy grew by 7% in the first half of the year. The country is diversifying away from oil production and has a strong agricultural base, Lamido Sanusi, governor of the Nigerian Central Bank.




BBC reports on Nigeria's free trade zone


'No insolvency' in Nigerian state oil firm


Investing in Nigeria promo video





Tuesday, September 14, 2010

Restoring Nigeria's banking image



A year after a crisis, Nigeria's banking system has improved, says Tony Elumelu, a former African Business leader of the year.


Related stories: Nigerian Banks


Video report on the EFCC crackdown on corruption in Nigeria


CNBC coves investment in Nigeria


BBC reports on Nigeria's free trade zone


'No insolvency' in Nigerian state oil firm




Osaze wants to be Eagles' Point Man

Super Eagles and West Bromwich Albion striker Osaze Odemwingie has vowed to bang in more goals for club and country if he is played as top striker.


"I prefer to play as a point man because I will be closer to the goal and hopefully my manager at my club at West Bromwich Albion would keep me as the point man, which would help me score more goals for my team as well as my country," Osaze said.


"I started out for West Brom as the top striker and I scored on my debut, but for my next game against Liverpool, I was played on the wing because one of our wingers was injured."


He fired blanks in the game at Liverpool and he was also not on the score sheet in Nigeria's Africa Cup of Nations qualifier against Madagascar after Obafemi Martins and Michael Eneramo were picked to lead the Eagles attack.


Osaze also predicted a tough match for the Eagles away to Guinea in a Nations Cup qualifier next month.


"The match against Guinea will be very tough because I heard that they won their game (4-1 away to Ethiopia) and they are currently topping our group while we are second with same points. Definitely playing the match at home soil will give them an advantage, said Odemwingie.


"I remember the last time we played, we lost 1-0 and it was a very hard game for us."


The former Locomotiv Moscow star said he has put behind him a racist's attack by fans of his former Russian club.


"It is not affecting me that much now. I have put it behind but definitely no one is happy about it. It is very sad but I would advise that such things should be totally eradicated in world football," Osaze enjoined.


"It is not good for the game. We should do everything humanly possible to remove racism from the game."


Leadership


Related story: Osaze to miss Nations Cup opener