Northern govenors hire British firm to prospect for oil (Finding a needle in a hay stack?)

Rasheed Bisiriyu and Olaide Oyelude The 19 northern state governments have intensified their search for oil and gas in the region with the appointment of a British firm to carry out the exploration activities. This is coming about two weeks after President Muhammadu Buhari had directed the Nigerian National Petroleum Corporation to increase the tempo […]

Kachikwu now NNPC Board’s Chairman

*Kachikwu now NNPC Board’s Chairman By Levinus Nwabughiogu, Sebastine Obasi & Mike Eboh ABUJA-President Muhammadu Buhari has appointed Dr. Maikanti Baru as new Group Managing Director of the Nigerian National Petroleum Corporation, NNPC. He also approved the composition of the board of the corporation, which is provided for under Section 1(2) of the Nigerian National […]

Oil price rises to $48 per barrel

World oil prices rebounded Friday from six straight sessions of losses, as investors eyed rising global equities and increasing risk appetite on receding Brexit concerns, dealers said. At about 1100 GMT, Brent North Sea crude for delivery in August was up 99 cents at $48.18 a barrel. US benchmark West Texas Intermediate for July delivery […]

I’m not a thief –Ex-petroleum minister, Alison-Madueke

I’m not a thief –Ex-petroleum minister, Alison-Madueke — 15th June 2016 Nigeria’s immediate past Minister of Petroleum Resources, Diezani Alison-Madueke has denied reports that she accumulated wealth by stealing from the public treasury. Mrs. Alison-Madueke made the denial yesterday while reacting to a story by a television channel, Al Jazeera, that she procured her Abuja […]

No Matter How Long You’ve Been Travelling in the Wrong Direction…By Dr. Jideofor Adibe

By Dr. Jideofor Adibe | London, UK | May 23, 2016 | – There is a saying that no matter how long you have been travelling in the wrong direction, the best solution remains to turn back. This was what came to my mind when I read the story that the government had eventually decided to […]

Selfie of Fuel Scarcity – By Anthony A.Kila

By Anthony A. Kila | London, UK | May 22, 2016 – Factually and sadly, the ongoing fuel scarcity is turning out to be the longest in the history of Nigeria. Above and beyond the obvious and understandable sentiments of frustrations and vexations most Nigerians are going through, this fuel scarcity crisis has also thrown up […]

Bishop stages one-man protest against fuel hike

-Punch Femi Makinde, Osogbo The Bishop of Sufficient Grace and Truth Ministry, Seun Adeoye, on Monday staged a solo protest against the deregulation policy of the Federal Government which has led to a sharp increase in the price of fuel. The bishop, who is a former Chairman of the Nigeria Union of Journalists, Osun State […]

PHOTOS: Group protests fuel price hike in Edo

Alexandar Okere – Punch wp_posts

Militants threaten Atiku, Danjuma, Lukman, other oil bloc owners

By Emma Amaize Regional Editor, South-South and Perez Brisibe WARRI – NIGER- DELTA Avengers, Thursday, listed some oil blocs allegedly owned by former Vice President, Alhaji Atiku Abubakar, Minister of Defence, General Theophilus Danjuma, ex-Minister of Petroleum, Alhaji Riwalnu Lukman, other Northerners and South-Westerners in Niger-Delta region and issued them a two-week ultimatum to shut […]

EFCC traces Diezani’s $115m election bribe to stolen crude oil

The Economic and Financial Crimes Commission (EFCC) has traced the source of the $115 million bribe for election officials to alter the results of the 2015 presidential election to stolen crude oil. “Our operatives have discovered that the $115 million came from stolen crude oil. They got it from former Petroleum Resources Minister Mrs Diezani […]

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