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Headlines, Oil Politics, Press Releases
Saturday, January 19th, 2013
FEDERAL MINISTRY OF FINANCE News Release. January 8, 2013 SUBSIDY PAYMENTS: FINANCE MINISTRY RELEASES N161 BILLION TO CBN 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 […]
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Latest Politics, Oil Politics
Thursday, January 17th, 2013
BY MICHAEL EBOH LAGOS — Pipelines and Products Marketing Company Limited, PPMC, yesterday, said the economy had lost about N165 billion in the last four years to pipeline vandalism. The sum includes the cost of repairs and products theft. Managing Director of PPMC, Mr. Haruna Momoh, at the commissioning of four units of triple agent […]
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Delta, Headlines, Oil Politics, State News
Saturday, January 12th, 2013
The opposition by the North to the proposed Petroleum Industry Bill (PIB) is an insult to the oil producing states, according to Governor Emmanuel Uduaghan. Governor Uduaghan, reacting to the opposition by Northern states to the provision of additional funds for oil bearing states in the bill, said “leaving it at 10 per cent royalty […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
