NNPC Towers Abuja | credits: ookaboo.com Almost a month after he assumed office, President Muhammadu Buhari has dissolved the Board of the Nigerian National Petroleum Corporation with immediate effect. The announcement was made in a terse statement issued on Friday by the Director of Communications in the Office of the Head of Civil Service of […]
Senator Gbenga Ashafa | credits: File copy The Senate on Wednesday agreed to summon the management of the Nigerian National Petroleum Corporation to appear before its relevant committees as soon as they are constituted to account for the states of the existing refineries. The red chamber also urged the Federal Government to revamp the […]
The Supreme Court on Friday finally decided a 32-year-old case against the Shell Petroleum Development Company of Nigeria Limited, ordering the company to pay N30,288,681 compensation for oil spillage in four communities of Delta State. The four communities – Obotobo, Sokebolo, Ofogbene (Ezon Burutu) and Ekeremor Zion (Ezon Asa) – had, through some of their […]
People waiting to buy fuel at a filling station along the Lagos-Ibadan Expressway, Lagos … on Monday | credits: Segun Bakare Officials of the Nigerian Army on Monday took over the Ojodu Berger outlet of Capital Oil, buying petroleum products in drums, after scaring away thousands of consumers. The armed personnel came in the […]
Okonjo-Iweala and Madueke are expected to speak to the Committee addressing the causes behind lingering fuel scarcity, which has brought on untold hardship for many Nigerians. Senate Joint Committees on Petroleum Resources (the Upstream Committee and the Downstream Committee) statement on Friday summoned the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi […]
By Michael Eboh with agency reports Nigeria’s dwindling revenue is set to worsen, as international crude oil traders have shunned the country’s export of Bonga crude oil grade for the months of May and June 2015, making it difficult for the country to find buyers for the product and putting the price of the commodity […]
The Nigeria Labour Congress has warned the Federal Government against removing fuel subsidy in the country. President of the NLC, Mr. Ayuba Wabba, argued in a statement on Tuesday that the disagreement between the Federal Government and the marketers on the exact amount of money owed the marketers, indicated that the current fuel scarcity could […]
The House of Representatives clarified on Friday that it approved N145bn for fuel subsidy in the 2015 budget. It said N100bn was approved for petrol subsidy while the balance of N45bn was for kerosene subsidy. Deputy House spokesman, Mr. Victor Ogene, who made the clarification in Abuja, explained that the N145bn was embedded in the […]
Chairman, House of Representatives Committee on Legislative Budget and Research, Mr. Opeyemi Bamidele Chairman, House of Representatives Committee on Legislative Budget and Research, Mr. Opeyemi Bamidele The Chairman, House of Representatives Committee on Legislative Budget and Research, Opeyemi Bamidele, has said the absence of a provision for fuel subsidy in the 2015 Appropriation Act is […]
No hiding place for NNPC looters April 24, 2015 : Punch Editorial Board 32 Comment FOR public officials and their cronies stealing the country blind through the Nigerian National Petroleum Corporation, the day of reckoning beckons. The thumping victory of Muhammadu Buhari in the March 28 presidential election was followed last week by the World […]
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