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General Politics, House, Latest Politics, Legislature, National Politics, Oil Politics, Top Stories
Tuesday, February 16th, 2016
$24bn crude oil swap deal has no contract –Reps From Kemi Yesufu, Abuja The House of Representatives Ad-hoc committee investigating $24 billion crude oil swap, yesterday, heard how there was no official contract for the deal between Nigerian National Petroleum Corporation (NNPC), Duke Oil and Transfigura, another oil company. Indications emerged from the Hon. Zakari […]
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Latest Politics, Oil Politics
Tuesday, February 16th, 2016
Nigeria relied too long on oil –Buhari • Calls for international support to resettle IDPS From Juliana Taiwo-Obalonye, Abuja Before a team of British parliamentarians, President Muhammadu Buhari conceded that Nigeria relied too long on oil as a single source of revenue. He, however, assured Britain that his administration would rebuild Nigeria, adding that he […]
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Bayelsa, Headlines, Oil Politics, State News
Sunday, January 31st, 2016
Palpable fear gripped the residents of coastal communities of Brass Local Government Area of Bayelsa State, following an explosion that rocked oil pipelines belonging to the Nigerian Agip Oil Company. The explosion, which was said to have been triggered by dynamite attacks allegedly launched by suspected militants, affected pipelines located in Orukari, Golubokiri and Kpongbokiri […]
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Headlines, Oil Politics
Friday, January 15th, 2016
Minister of Transport, Rotimi Amaechi, on Thursday revealed that the Federal Government will beam its searchlight on the oil sector after the ongoing arms deal probe. He disclosed this during a round-table discussion organised by the Business Eye in Lagos. According to Amaechi, the Federal Government would probe the missing $49bn oil revenue, that erstwhile […]
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Latest Politics, Oil Politics
Tuesday, January 5th, 2016
By Michael EBOH A sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country’s earnings from crude oil export dropped to N5.271 trillion for the nine month period, January to September 2015. According to data obtained from the National Bureau of Statistics, NBS, the value of Nigeria’s crude […]
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Articles, Columnists, NNP Columnists, Oil Politics, Shaibu Stephen Ojate
Friday, January 1st, 2016
By Shaibu Stephen Ojate | Abuja, Nigeria | January 1, 2016 – The present federal government of Nigeria led by President Muhammad Buhari has openly announced to Nigerians that the price of Petrol shall begin to sell for eight-five naira (N85) per litre by January, 2016 as against the current price N87. With this announcement, […]
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Headlines, Oil Politics
Saturday, December 26th, 2015
By Soni Daniel, Northern Region Editor As Nigeria inches towards full deregulation of the oil sector, the National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), FRANCIS JOHNSON, says its members are fully in support of the planned deregulation of the sector by the Federal Government. But he is quick […]
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Headlines, House, Legislature, Oil Politics
Wednesday, December 9th, 2015
The House of Representatives on Wednesday mandated its Committees on Petroleum Resources, Upstream, and Downstream, to investigate the lingering crisis in the supply petroleum products in the country. This followed a motion moved by Rep. Omoregie Ogbeide-Ihama (PDP-Edo) which was unanimously adopted. Leading the debate, Ogbeide-Ihama said that Nigerians were experiencing difficulties because of persistent problems […]
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Articles, Columnists, Daniel Olusola, NNP Columnists, Oil Politics, Raw Politics, Women Politics
Thursday, November 26th, 2015
By Olusola Daniel | Lagos, Nigeria | November 26, 2015 –Few people illustrate the transient nature of positional power like the erstwhile Minister of Petroleum Resources, Mrs Diezani Alison-Madueke. The hitherto untouchable “super woman” has suddenly become like a frightened toddler seeking sympathy from the same people she despised while in power. We all remember […]
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Economy, Latest Politics, Oil Politics
Tuesday, November 24th, 2015
Vanguard By Michael Eboh Nigeria’s economy faces significant risks in the days ahead, as the country is currently having difficulties getting buyers for its crude oil in the international market, even as the price of its various oil grades have been on a downward trend over the last couple of months. Data obtained from global […]
