THE House of Representatives ad-hoc committee’s report on the fuel subsidy regime may soon claim its first casualties. Reason: Plans are under way by the Federal Government to send on compulsory retirement several top executives of some agencies in the oil sector over their indictment in the […]
Nigeria made N428bn from non-oil exports in the last one year, the Minister of Trade and Investment, Mr. Olusegun Aganga, said on Thursday. This feat, he said, was achieved through proactive trade policies and incentives for non-oil exports introduced by the Ministry of Trade and Investment, adding that Nigeria had achieved a relatively high level […]
April 27, 2012 by John Ameh, Abuja A member of the House of Representatives, Mr. Robinson Uwak, on Thursday repeated his call on the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to resign her appointment following the uproar over the N1.07tn fuel subsidy scam. Uwak had made the same call on the floor of the […]
By BEN AGANDE, Henry Umoru, EMMAN OVUAKPORIE & Inalegwu Shaibu ABUJA- PRESIDENT Goodluck Jonathan said yesterday that those indicted in the report of the House of Representatives Committee that investigated the implementation of the subsidy regime in Nigeria will be punished. He vowed that no one will be spared. The House which called for the […]
The House of Representatives yesterday began the debate of the report of its Ad hoc Committee on fuel subsidy probe. The panel submitted its report in Abuja last Wednesday. Scores of companies were indicted for their roles in the scam. The firms, including government agencies, Nigerian National Petroleum Corporation (NNPC), Petroleum Products Pricing Regulatory Agency […]
There are heightened fears that a cabal was determined to ensure that the Hon. Farouk Lawan-led committee panel report does not see the light of day or at worst, get the contents heavily doctored. As a result, controversy has continued to trail the report on fuel subsidy with a group describing it as being suspicious, […]
Font size: Executive Secretary of PPPRA, Reginald C. Stanley The Petroleum Products Pricing Regulatory Agency (PPPRA) has shortlisted 42 oil marketing firms to import 4,794,075,000 litres of premium motor spirit (petrol) for the second quarter of this year. In a statement signed by the Executive Secretary of PPPRA, Reginald C. Stanley, the agency said […]
February 29, 2012 by Everest Amaefule, Abuja The Federal Government on Tuesday gave the Petroleum Special Task force 60 working days within which to probe and clean up the oil industry. The task force is headed by the pioneer chairman of the Economic and Financial Crimes Commission, Mallam Nuhu Ribadu. Minister of Petroleum Resources, Mrs. […]
Task force inaugurated WE seek new ethics by promoting values that support a new dawn of business conduct in the sector. Those who play by the rules will enjoy the best support and unscrupulous players should know now that the game is over.” With these words, former Chairman, Economic and Finance Crimes Commission (EFCC), Nuhu […]
Anger dripped from the reply of governors and stakeholders in the oil-producing states on Saturday to the 19 Northern governors’ demand for a review of the revenue formula to give more funds to them. The South-South governors said such a call smacked of insensitivity to the plight of the zone, evident in its over 50 […]
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