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Federal Government releases N161

Posted by admin Latest Politics, Oil Politics Wednesday, January 9th, 2013

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers. According to the Minister, the Finance Ministry made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly […]

Shelling Nigeria – By Leburah Ganago

Posted by admin Articles, Columnists, Leburah Ganago, NNP Columnists, Oil Politics Saturday, January 5th, 2013

By Leburah Ganago / Atlanta, GA / Jan. 5, 2013 – Actually, this caption belongs to Femi Oyafemi who in his thought provoking piece in The Punch (Nigeria), newspaper of Friday December 27, 1996, diligently exposed Shell’s complicity in the executive murder(apologies to Professor Ben Nwabueze) of the Ogoni Nine, on November 10, 1995. In […]

Court asked to compel Jonathan to end subsidy

Posted by admin Goodluck Jonathan (2010-present), Oil Politics, Presidency Sunday, December 30th, 2012

The ground appears to have been prepared for another New Year confrontation between President Goodluck Jonathan and civil rights activists with a stiff opposition by the latter to a suit asking Jonathan to remove totally the subsidy on fuel. A chieftain of the Peoples Democratic Party in Anambra State, Chief Stanley Okeke, has filed a […]

N’Assembly queries NNPC’s N48bn excess expenditure

Posted by admin House, Legislature, Oil Politics, Senate Wednesday, December 19th, 2012

The National Assembly Joint Committee on Petroleum (Downstream) on Tuesday raised the alarm over the N48bn excess expenditure by the Nigerian National Petroleum Corporation in its 2012 operations. The committee is also calling for information on undisclosed NNPC reserves from which the government-owned oil corporation drew funds to augment its expenditure during the year. The […]

$12.4bn Oil windfall: Court adjourns judgement

Posted by admin Latest Politics, Oil Politics Friday, November 23rd, 2012

NOVEMBER 24, 2012 BY IHUOMA CHIEDOZIE, ABUJA Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke | credits: An Abuja Federal High Court on Friday failed to deliver judgement in the suit over the missing $12.4bn oil windfall. The court had scheduled judgement in the matter for Friday, but the Presiding Judge, Justice Gabriel Kolawole, eventually adjourned […]

Unpaid subsidy: Diezani, NNPC report Okonjo-Iweala to Jonathan

Posted by admin National Politics, Oil Politics, Top Stories, Women Politics Thursday, November 22nd, 2012

THE Nigerian National Petroleum Corporation has alerted President Goodluck Jonathan to a looming acute fuel shortage if the Federal Government fails to pay N1.13trn subsidy owed it (NNPC), The PUNCH learnt. The NNPC top management, led by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the corporation’s Group Managing Director, Mr. Andrew Yakubu, reportedly […]

Jonathan: fuel subsidy to go

Posted by admin Latest Politics, Oil Politics Friday, November 16th, 2012

NIGERIANS were told yesterday to brace up for a full deregulation of the petroleum industry’s downstream sector. Fuel prices range from N100 per litre to N110 and N130 in many states – no thanks to supply problems. Motorists are grumbling. But the situation may get worse – price-wise – going by Dr. Goodluck Jonathan’s speech […]

Newsflash: Nigeria Loses $7bn Annually to Oil Theft

Posted by admin Latest Politics, Oil Politics Wednesday, November 14th, 2012

Ejiofor Alike with agency report The Federal Government as well as local and international oil companies (IOCs) operating in the country lose an estimated $7 billion (N1.05 trillion) to oil theft annually, the International Energy Agency (IEA), an energy policy advisor to the industrialised countries, has said. In a report published Tuesday , the 28-member […]

Indicted Oil Players Target Ribadu’s Report

Posted by admin Latest Politics, Oil Politics Sunday, November 4th, 2012

Set To Discredit It In Coming Days THERE are indications that indicted parties are making moves to discredit the Mallam Ribadu report submitted to the Presidency last week. The plan is prompted by the subsisting controversy trailing the report. The Guardian learnt that the leadership of the regulatory bodies, who had procured copies of the […]

Subsidy scam: Uba’s arrest scares marketers

Posted by admin Latest Politics, Oil Politics Sunday, October 14th, 2012

Subsidy scam: Uba’s arrest scares marketers | Print | E-mail Monday, 15 October 2012 Following the arrest of Mr Ifeanyi Uba of Capital Oil, the presidency has directed anti-graft agencies to go after all those involved in the fuel subsidy scam with a warning that there is no sacred cow in the anti-corruption war. Uba, who is known […]