The Dirty Side of Nigeria’s Oil Wealth: Tribute to Lebe Nkpara

Twenty-five years ago, on the 9th of May, 1995, Mr Lebe Nkpara, native of Luusue Sogho, Ogoni, in present day Khana local government area was shot dead by the bullets of Major Paul Okuntimo, Commander of the Internal Security Task Force setup by the then Federal Military Government of Nigeria with logistics support from Shell […]

NNPC reacts as Nigerians condemn appointments of ‘only Northerners’

By Wale Odunsi The Nigerian National Petroleum Corporation (NNPC) says its appointments always adhere to the principle of transparency and accountability. Kennie Obateru, NNPC said this in a statement Sunday. The corporation in March disengaged some of its staff and appointed new top management officials. This triggered criticisms from Nigerians, Niger Delta leaders and groups. […]

Press Release: Shell Plots Another Ogoni Massacre – MOSOP

The Movement for the Survival of the Ogoni People (MOSOP) wishes to strongly express its concerns over the visit by Shell officials in company of Nigerian soldiers to Ogoni oilfields on April 30, 2020. Eye witness accounts and credible community sources which monitored the activities have it that officials of Shell Petroleum Development Company of […]

Nigeria records $434m oil, gas sales in Jan – NNPC

The Nigerian National Petroleum Corporation (NNPC) says the country recorded crude oil and gas export sales of 434.85million dollars in January. The corporation disclosed this in it’s Monthly Financial and Operations Report released in Abuja, yesterday. The sales, the NNPC said, represents an increase of 94.30 per cent pitched against the December 2019 figures. It […]

Nigeria to cut oil production

Nigeria will cut its oil production by 1.9 million barrels per day. This will reduce its daily crude oil production to 1.412 million barrels. Abuja is hoping for a $15 rebound in the price per barrel in the short term. This rebound that could bring at least 2.8 billion dollars to the country, according to […]

Ex- NNPC boss reels out 9-point agenda to unseat Obaseki

Igbaugba Ehigimetor Former Group Executive Director of the Nigeria National Petroleum Corporation (NNPC), Mr Chris Ogiemwonyi, has rolled out his nine-point agenda that would serve as major pillars of development blue print if elected as next Governor of Edo. News Agency of Nigeria (NAN), reports that Ogiemwonyi, a former minister of State for works, stated […]

Why Sylvia deserves commendation over $62bn IOC’s debt comment

A group, Partner For Petroleum & Energy Sector Prosperity Initiative( P-PESPI has condemned a recent call for the sack of Minister of State Petroleum, Timipre Silva over a recent comment on debts owed by International Oil Companies (IOCs). Sylva was quoted as saying that the $62 billion owed Nigeria by IOC’s would be difficult to […]

Finance Ministry denies knowledge of alleged NNPC’s $3.5bn subsidy fund

The Federal Ministry of Finance Thursday,  denied knowledge of a $3.5 billion- fund allegedly kept and utilised by the Nigerian National Petroleum Corporation (NNPC) for fuel subsidy. The Permanent Secretary, in the ministry, Mr Mahmoud Isa-Dutse, gave its position when he appeared before the Senate ad hoc committee probing the allegation in Abuja yesterday. Isa-Dutse’s […]

The Perils of an Unsavory Cocktail – By Tochukwu Ezukanma

By Tochukwu Ezukanma | Lagos, Nigeria | August 20, 2018 –  In one of those instances of fuel scarcity in Lagos State, I drove to a fuel station, and, like the other motorists, parked my car in the line for petrol. In a more sane society, motorists will sit in their cars, and inch their […]

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 […]

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