N450m fraud: EFCC amends charges against Belgore, joins ex-Petroleum Minister, Allison-Madueke

There was a twist on Monday in Lagos in the ongoing trial of  Mohammed Belgore (SAN), and a former Minister of National Planning, Prof. Abubakar Sulaiman for alleged N450 million money laundering as the former Minister of Petroleum Resources, Diezani Allison-Madueke, was joined in the suit. The Economic and Financial Crimes Commission (EFCC)’s prosecutor had […]

Osinbajo directs oil companies to relocate headquarters to Niger-Delta

By Dennis Udoma UYO-Acting President, Prof. Yemi Osinbajo has directed the International Oil Companies operating in the Niger-Delta region to relocate their headquarters to their States of operation to mitigate tension in host communities. Osinbajo, gave the directive at a Town Hall meeting in Uyo, Akwa Ibom State capital on Thursday during continuation visit to […]

Ghana begins fuel exports to Niger, others

By Ediri Ejoh with Agency Report Ghana has started exporting fuel and gas oil to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation Company (BOST) Limited, is also supplying petroleum products from the same depot to Benin Republic and Nigeria. Ghana’s Minister […]

Northern govenors hire British firm to prospect for oil (Finding a needle in a hay stack?)

Rasheed Bisiriyu and Olaide Oyelude The 19 northern state governments have intensified their search for oil and gas in the region with the appointment of a British firm to carry out the exploration activities. This is coming about two weeks after President Muhammadu Buhari had directed the Nigerian National Petroleum Corporation to increase the tempo […]

Kachikwu now NNPC Board’s Chairman

*Kachikwu now NNPC Board’s Chairman By Levinus Nwabughiogu, Sebastine Obasi & Mike Eboh ABUJA-President Muhammadu Buhari has appointed Dr. Maikanti Baru as new Group Managing Director of the Nigerian National Petroleum Corporation, NNPC. He also approved the composition of the board of the corporation, which is provided for under Section 1(2) of the Nigerian National […]

Oil price rises to $48 per barrel

World oil prices rebounded Friday from six straight sessions of losses, as investors eyed rising global equities and increasing risk appetite on receding Brexit concerns, dealers said. At about 1100 GMT, Brent North Sea crude for delivery in August was up 99 cents at $48.18 a barrel. US benchmark West Texas Intermediate for July delivery […]

I’m not a thief –Ex-petroleum minister, Alison-Madueke

I’m not a thief –Ex-petroleum minister, Alison-Madueke — 15th June 2016 Nigeria’s immediate past Minister of Petroleum Resources, Diezani Alison-Madueke has denied reports that she accumulated wealth by stealing from the public treasury. Mrs. Alison-Madueke made the denial yesterday while reacting to a story by a television channel, Al Jazeera, that she procured her Abuja […]

No Matter How Long You’ve Been Travelling in the Wrong Direction…By Dr. Jideofor Adibe

By Dr. Jideofor Adibe | London, UK | May 23, 2016 | – There is a saying that no matter how long you have been travelling in the wrong direction, the best solution remains to turn back. This was what came to my mind when I read the story that the government had eventually decided to […]

Selfie of Fuel Scarcity – By Anthony A.Kila

By Anthony A. Kila | London, UK | May 22, 2016 – Factually and sadly, the ongoing fuel scarcity is turning out to be the longest in the history of Nigeria. Above and beyond the obvious and understandable sentiments of frustrations and vexations most Nigerians are going through, this fuel scarcity crisis has also thrown up […]

Bishop stages one-man protest against fuel hike

-Punch Femi Makinde, Osogbo The Bishop of Sufficient Grace and Truth Ministry, Seun Adeoye, on Monday staged a solo protest against the deregulation policy of the Federal Government which has led to a sharp increase in the price of fuel. The bishop, who is a former Chairman of the Nigeria Union of Journalists, Osun State […]

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