The Nigerian Navy has announced a major breakthrough in its fight against Niger Delta Militants. The Commander, NNS Delta, Commodore Raimi Mohammed, on Tuesday said the force has apprehended the alleged coordinator of series of attacks on the Nigerian National Petroleum Corporation (NNPC) and Chevron oil and gas facilities in Delta. He said the suspect […]
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The dreaded Niger Delta Avengers have blown up Chevron’s RMP23 and RMP24 Oil Wells in Bayelsa State. The RMP23 and RMP24 are Chevron’s highest swamp Producing Oil Wells. The explosion of these wells is likely to completely cripple Chevron’s oil activities in the country as well suffocate the already gasping Nigerian economy. The serious minded […]
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The huge decline in crude oil production largely occasioned by militant attacks in the Niger Delta has caused the country to lose at least N100.4bn in earnings in 13 days. Official reports indicate that the nation’s oil output has dropped by 800,000 barrels per day to 1.4 million bpd since May 16. The Minister of […]
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Nigeria is losing about N2.79 billion daily following the closure of ExxonMobil operated Qua Iboe terminal, whose workers were evacuated yesterday. Qua Iboe is Nigeria’s largest crude oil stream and exports usually more than 300,000 barrels per day. At the current oil price of $47 per barrel, the country is bound to lose billions of […]
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THE five pipeline surveillance workers, alleged to be members of the Niger Delta Avengers, seized by the Joint Task Force, JTF, in the Niger Delta, last Friday, in connection with the bombing of Pipeline belonging to Chevron Nigeria Limited, CNL, at Makaraba community, Gbaramatu clan, Warri South-West Local Government Area, Delta State, have been released. […]
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President Muhammadu Buhari has given a fresh order to the military to crack down on a new militant group, the Niger Delta Avengers, which has been attacking oil installations. SUNDAY PUNCH gathered on Saturday that the President gave the directive on Friday, following the group’s attack on Chevron’s platform in Warri, Delta State, on Thursday […]
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In continuation of their onslaught on oil facilities across the Niger Delta, suspected gunmen on Thursday night simultaneously blown up the recently repaired Nigerian National Petroleum Corporation (NNPC) crude trunkline supplying both the Warri and Kaduna refineries crude. An oil flow station fielding the Chevron Tank farm in Warri South West Council Area of Delta […]
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There is nothing like “True Fiscal Federalism”…..it does not make sense. Fiscal federalism on the other hand is the relationship between what may be dicentralized and what may be centralized with respect to functions and instruments of governance. Federalism is a system of government in which two levels of government are practiced within a defined […]
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By Jeremy Lind, Institute of Development Studies: Over the past decade, oil and gas exploration operations have multiplied across sub-Saharan Africa, often in remote areas far from political and commercial capitals. Wooed by surging prices in global markets, at least 90% of African countries now explore for oil and gas. Until recently, when oil and […]
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