An Abuja Division of the Federal High Court on Monday granted bail to journalist, Jones Abiri, an editor and publisher of the Weekly Source newspaper.
Mr Abiri was on May 24 arraigned for alleged economic sabotage, terrorism and fraud
The Bayelsa-based journalist was also accused of leading a gang of activists to blow up pipelines in Bayelsa.
Abiri denied charges of sending text messages to oil companies threatening to blow up their facilities. He says he has been targeted for his coverage of the neglect of his native Niger Delta by oil companies and the government
Presiding Judge, Ijeoma Ojukwu ordered Abiri to pay 100 million naira (282,000 dollars) and also to provide a guarantor who would have to be a landowner, a common proviso in Nigerian courts. Until then, he has to remain in custody.
Abiri was previously detained by intelligence officers for two years without trial over alleged links to armed rebel groups in the Niger Delta region.
He was freed last August following a campaign by rights organisations.
Judge Ojukwu set the date for the start of the trial on Friday June 28