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Nigeria may sell 40% of future state oil company within 10 years

Posted by admin Headlines, Oil Politics Saturday, April 9th, 2016

Nigeria may sell 40% of future state oil company within 10 years — 8th April 2016 Nigeria’s government may sell 40 percent of a new national oil company within 10 years of its creation, according to a draft law. At least 10 percent of the company will be divested within five first years, according to […]

Fuel scarcity paralyses Lagos, other major cities

Posted by admin Headlines, Lagos, Oil Politics, State News Tuesday, April 5th, 2016

Fuel queues at the Berger end of the Lagos-Ibadan Expressway Akinpelu Dada and ’Femi Asu The scarcity of petrol got worse in many parts of the country on Monday despite assurances by the Nigerian National Petroleum Corporation that the situation would improve. Lagos, which traditionally receives more product than other parts of the country, was […]

We’ve little to show for 16 years of oil boom – Buhari (Very little, indeed)

Posted by admin Latest Politics, Oil Politics Tuesday, April 5th, 2016

lalekan Adetayo President Muhammadu Buhari on Monday regretted that Nigeria has little to show for the huge resources it made from oil in the past 16 years. He said despite the fact that oil sold above $100 per barrel for the greater part of the last 16 years, leaders of the country refused to plan […]

Opinion: Kachikwu and the sins of his fathers

Posted by admin Headlines, Oil Politics, Raw Politics Saturday, April 2nd, 2016

Kachikwu and the sins of his fathers — 29th March 2016 Emma Agu Guest columnist THAT frustration over the slow pace of the economy is beginning to boil over can be deduced from the variegated reactions of various stakeholders of the All Progressives Congress (APC) over a candid opinion expressed by the Minister of Petroleum […]

Minister strikes deal with marketers to end fuel scarcity

Posted by admin Latest Politics, Oil Politics Friday, April 1st, 2016

Minister strikes deal with marketers to end fuel scarcity — 1st April 2016 •IPMAN to flood stations with petrol From Dennis Mernyi, Abuja & Dennis Mernyi, Awka MINISTER of State for Petroleum Resources, Dr. Ibe Kachikwu, has moved to end the leadership tussle in the Independent Petroleum Marketers Association of Nigeria (IPMAN). His peace deal and intervention would get IPMAN […]

FUEL SCARCITY: Tinubu blasts Buhari’s minister

Posted by admin Headlines, Oil Politics, Raw Politics Sunday, March 27th, 2016

0 1 0 “Kachikwu’s flippancy was out-of-line. He was basically telling Nigerians that they should be lucky that they are getting the inadequate supply they now suffer…” Apparently appalled by his seeming lack of empathy and manifest arrogance, a former governor of Lagos State and national leader of the All Progressives Congress, APC, yesterday, lampooned Ibe […]

Oil swap deal: Reps invite Diezani

Posted by admin Headlines, House, Legislature, Oil Politics Tuesday, February 23rd, 2016

Oil swap deal: Reps invite Diezani From Kemi Yesufu, Abuja The House of Representatives adhoc Committee investigating the controversial crude oil swap deal yesterday formally invited former Minister of Petroleum Resources, Diezani Alison-Madueke to clarify her role in the agreement between the Federal Government and some oil companies. In a letter dated February 22 and […]

Shocking Revelation: $24bn crude oil swap deal has no contract –Reps

Posted by admin General Politics, House, Latest Politics, Legislature, National Politics, Oil Politics, Top Stories Tuesday, February 16th, 2016

$24bn crude oil swap deal has no contract –Reps From Kemi Yesufu, Abuja The House of Representatives Ad-hoc committee investigating $24 billion crude oil swap, yesterday, heard how there was no official contract for the deal between Nigerian National Petroleum Corporation (NNPC), Duke Oil and Transfigura, another oil company. Indications emerged from the Hon. Zakari […]

Nigeria relied too long on oil –Buhari

Posted by admin Latest Politics, Oil Politics Tuesday, February 16th, 2016

Nigeria relied too long on oil –Buhari • Calls for international support to resettle IDPS From Juliana Taiwo-Obalonye, Abuja Before a team of British parliamentarians, President Muhammadu Buhari conceded that Nigeria relied too long on oil as a single source of revenue. He, however, assured Britain that his administration would rebuild Nigeria, adding that he […]

Militants bomb Agip pipelines in Bayelsa

Posted by admin Bayelsa, Headlines, Oil Politics, State News Sunday, January 31st, 2016

Palpable fear gripped the residents of coastal communities of Brass Local Government Area of Bayelsa State, following an explosion that rocked oil pipelines belonging to the Nigerian Agip Oil Company. The explosion, which was said to have been triggered by dynamite attacks allegedly launched by suspected militants, affected pipelines located in Orukari, Golubokiri and Kpongbokiri […]