Removal of oil subsidy: FG to save $6bn – Minister

CHIEF  Emeka Wogu, the Minister of Labour and Productivity, on Tuesday said that the Federal Government would save about 6 billion dollars by removing fuel subsidy. Wogu said this while declaring open the 5th Quadrennial National Delegates Conference of Non-Academic Staff Union of Educational and Association Institutions (NASU) in Abuja. The theme of the conference […]

The truth about Oil Minister’s 20m Euro Mansion in Austra

Dear President Goodluck Jonathan and honorable minister, Mrs. Diezani Alison Madueke, I am personally very happy about the urgency which this millions of euro mansion allegation in Vienna, Austria has been refuted and taken. Consequently I would want to inform you all, and fellow Nigerians that I went into action immediately after recovering from the […]

Fuel Subsidy & AIDS – By Prince Charles Dickson

By Prince Charles Dickson, Jos, Nigeria – Nov. 12, 2011 – If you don’t take the dead rat out of the room no amount of fresh air can give you a fresh breath. Year after year we seem to be squatting at the same spot; sometimes the greatest effort we make will be a leap […]

How govt connive with oil companies against suffering communities — Mitee

Leader of the Movement for the Survival of Ogoni People (MOSOP), Barrister Ledum Anazor Mitee, has warned the country’s leadership not to take the youth for granted. He said that the continued neglect of the youth is dangerous, as what happened in North Africa has shown that they could revolt and the crisis would consume […]

Fuel subsidy: Opponents want to topple my govt – Jonathan

PRESIDENT Goodluck  Jonathan has lamented the alleged high politicisation of the Federal Government’s proposed fuel subsidy removal, saying that those against the policy wanted to bring down his government. The president spoke, on Thursday, in Abuja at the presidential dialogue with global chief executive officers in the ongoing 17th Nigerian Economic Summit, organised by the […]

NNPC owes N842bn, not N450bn, NEITI tells Reps

The House of Representatives was informed yesterday that the actual amount owed the Federation Account was in tune of N842 billion by the Nigeria National Petroleum Corporation (NNPC) and not N450billion. Nigeria Extractive Industries Transparency Initiative (NEITI) told the Joint committee on Finance, Petroleum Resources (Upstream and Downstream) and Gas Resources, probing the non -remittance […]

Fuel subsidy: Senate summons Okonjo-Iweala, Allison-Madueke, others

The debate on the removal of fuel subsidy gathered momentum yesterday as the Senate Joint Committee on Petroleum Resources (Downstream), Appropriations and Finance formally summoned Ministers of Finance, Dr. Ngozi Okonjo-Iweala, Petroleum Resources, Mrs. Diezani Allison-Madueke and Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, to appear before it. The issue has […]

NNPC misappropriates $50 billion Excess crude

The Nigerian National Petroleum Corporation (NNPC) is conniving with the major crude oil lifters to defraud the nation to the tune of  $50 billion, the House of Representatives committee on Finance has said. The Chairman House Committee on Finance, Abdulmumuni Jibrin stated this at the opening of the two-day investigative public hearing on the alleged […]

Excess crude account: Govs ask court to stop FG from making withdrawals

The lingering crisis over the Excess Crude Account deepened yesterday with state governors praying the Supreme Court to stop the Federal Government from making any withdrawals, howsoever, from the account styled the “Excess Crude Account” (or any account replacing same by any name howsoever) pending the hearing and determination of a suit they filed in […]

Nigerians’ll resist oil subsidy removal —TMG

The chairman of the Transition Monitoring Group (TMG), Comrade Mashud Erubami, said on Tuesday that Nigerians would resist the proposed removal of oil subsidy despite the insistence of President  Goodluck Jonathan. The civil society activist, in a statement in Ibadan, said that the proposed step by the Federal Government, which  has grave consequences for Nigerians, had […]

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