Remove the Subsidy: Create a Million Jobs – By Prof. Nyerhovwo Tonukari

By Prof. Nyerhovwo Tonukari | Abraka, Delta State, Nigeria | February 28, 2018 – Price controls are regarded by economists as one of the worst forms of intervention in markets. Over the years, the history of governments implementing price controls has shown that it is a failed venture. If truth be told, no measure implemented […]

End fuel queues in one week –Senate tells FG, NNPC

— 26th January 2018 •NASS is broke, says Saraki Fred Itua, Abuja Senate has issued a seven-day ultimatum to the Federal Government and the Nigerian National Petroleum Corporation (NNPC) to, within one week, end long queues in fuel stations across the country. The resolution followed the unanimous adoption of an interim report of its Joint Committee […]

Diezani faults EFCC on withdrawal of $1.3bn from NNPC’s account

— 26th January 2018 Henry Umahi The former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has thrown some light on the process for the release of funds requested by security/intelligent agencies in the country. Reacting to publications in traditional and new media titled “Diezani in trouble again over withdrawal of $1.3b from NNPC accounts,” she averred […]

Militants abduct 5 oil workers in Niger Delta

Militants abduct 5 oil workers in Niger Delta — 20th January 2018 Suspected militants have abducted five oil workers in Nigeria’s restive Niger Delta region, an area regularly hit by militant attacks and abductions. The militants seized the workers on Wednesday near the Ajoki community, which borders Edo and Delta States, said Delta State police spokesperson, […]

Buhari breaks silence, says fuel scarcity is regrettable

By Udeme Akpan, Johnbosco Agbakwuru, Mike Eboh & Dennis Udoma FG waives port charges on fuel imports Refineries pump 3.8m litres per day – Baru As fuel scarcity across the country bites harder, the Federal Government, yesterday, ordered that port charges be waived for vessels carrying Premium Motor Spirit, PMS, also known as petrol, to […]

Ambush on oil workers: Army recovers additional 21 corpses

The Nigeria Army on said it has recovered 21 additional bodies in an operation to rescue oil exploration crew abducted by the Boko Haram insurgents in Borno. The Director Army Public Relations, Brig. Gen. Sani Kukasheka, in a statement, said that the army recovered vehicles and various calibres of weapons in the operation. “So far […]

Troops rescue NNPC kidnapped Staff, recover corpses

Troops rescue NNPC kidnapped Staff, recover corpses The Army said it had rescued all the NNPC staff kidnapped by suspected Boko Haram terrorists in Borno on Tuesday. The Director, Army Public Relations, Brig.-Gen. Sani Usman, who disclosed this in a statement on Wednesday, also said that the corpses of an officer, eight soldiers and a […]

Controversy trails oil block revocation by Buhari

Controversy trails oil block revocation by Buhari Okechukwu Nnodim, Abuja President Muhammadu Buhari’s approval of the withdrawal of Oil Prospecting Licences 2001, 2002 and 2003 in the Utapate Field won by indigenes of the Niger Delta is not only being tackled by the investors but may lead to chaos in the oil-rich region if not […]

Senate passes petroleum industry reform bill

The federal senate on Thursday passed first tranche of the Petroleum Industry Bill (PIB), called the Petroleum Industry Governance Bill (PIGB) 2017. The bill, which is expected to take care of the governance aspect of the industry, scaled third reading following presentation of report of Joint Committee on Petroleum Resources (Upstream, Downstream, Oil and Gas). […]

US, Canada attract Nigeria’s biggest crude oil buyer

‘Femi Asu with agency report India, Nigeria’s biggest crude oil buyer, is set to make its first purchase of the United States oil, as it seeks to diversify its crude buying amid favourable price differentials. The US removed the 40-year-old restrictions on its crude exports in December 2015 following the rapid growth of its oil […]

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