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 […]
By Soni Daniel, Regional Editor, North Petroleum Minister, Mrs. Diezani Alison-Madueke, said last night she was not seeking asylum in any part of the world, as claimed by her traducers. Petroleum minister, Mrs Diezani Alison-Madueke Petroleum minister, Mrs Diezani Alison-Madueke Madueke, who spoke through the Group Public Affairs General Manager of Nigerian National Petroleum Corporation, […]
By iReports-ng.com The Minister of Petroleum Resource; Diezani Alison-Madueke Barely two months to the inauguration of a new government, the fear of the President-Elect General Muhammadu Buhari is already driving corrupt officials who wield enormous power under the out-going Goodluck Jonathan administration out of the country. Buhari has declared that the fight against corruption will […]
Timelines of a Saga September 25, 2013 CBN Governor writes to Mr. President alleging that “between January 2012 and July 2013, NNPC lifted 594,024,107 barrels of crude oil valued at $65,332,350,514.57. Out of this amount NNPC repatriated only $15,528,410,098.77 representing 24% of the value. This means the NNPC is yet to account for, and repatriate […]
CBN Governor, Mr. Godwin Emefiele The naira on Friday crashed against the United States dollar from 191 to 208 at the parallel market, otherwise known as the black market. The dollar sold for between N205 and N208 on the streets of Lagos, Abuja and other major cities in the country. The currency had exchange for […]
Minister of Petroleum Resources, Diezani Alison-Madueke Despite the recent reduction in the pump price of petrol from N97 to N87 per litre, the Federal Government has said it will still pay subsidy on the product for the next 40 days. The government explained that fuel consumed in Nigeria was “heavily subsidised” before the global crunch […]
UNITED States oil prices dropped below $50 a barrel on Monday, for the first time since 2009. The US benchmark West Texas Intermediate for delivery in February briefly dipped to $49.95 a barrel, before rallying somewhat to $50.20 a barrel. According to Agence France-Press report, the breach of the $50 level came as the Dow […]
BY KAYODE OJO Whatever the Nigerian Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has been doing in the past ten years, let those who know the woman encourage her to keep doing them. Or how else can anybody explain her meteoric rise in the political waters like ours where dangerous male sharks swim […]
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