On January 1, 2012, that is FIFTY-TWO MONTHS AND TEN DAYS ago, a certain Goodluck Jonathan, having the misfortune of being president of this geographical contraption called Nigeria, removed subsidy on premium motor spirit and the country went into turmoil and conflagration, literally. Today, a certain Mohammadu Buhari, the man who inherited the misfortune, after […]
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The minister of state for petroleum resources, Dr. Ibe Kachikwu has said “liberalising” of the oil sector, will force the pump price of fuel, which currently trades at N145, to drop in six months. Kachikwu said this on Thursday when he appeared as a guest on Sunrise Daily, a breakfast programme on Channels Television. “We mean […]
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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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Amid the lingering fuel scarcity across the nation, Nigerians might still have to pay more for the product as the Federal Government, Tuesday, disclosed that it would review the pump price next month. Speaking during a visit to the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja, Minister of State for Petroleum Resources, Mr. Ibe […]
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The Nigerian National Petroleum Corporation (NNPC) withheld 12 percent more money in six months under President Muhammadu Buhari than it did with his predecessor from 2013 to 2014. According to a report by the National Resource Governance Institute (NGRI), an international non-profit policy institute with focus on oil, gas and minerals, NNPC withheld more in the last six […]
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OPEN LETTER TO PRESIDENT BUHARI Dear Sir, BETWEEN US, WHO IS A CRIMINAL? It is with utter dismay and unfeigned consternation that I wish to succinctly albeit humbly, express my displeasure and disappointment at your constant ridiculing of your countrymen and your obvious disdain of them. Your derogation of their personae before the international community […]
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The emir of Kano and the immediate past governor of the Central Bank (CBN), Muhammad Sanusi II, says President Muhammadu Buhari’s endorsement of the CBN foreign exchange policy encourages corruption. Lauding Buhari’s removal of “wasteful and corrupt fuel subsidies”, Sanusi said the current forex policy endorsed by the president encourages similar rent seeking and corruption […]
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The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has said that expatriates would be recruited into the corporation as part of the ongoing restructuring of the state-run oil company for efficiency and profitability. Kachikwu told THISDAY in an exclusive interview that the personnel […]
Continue ReadingThe movement against subsidising the fossil fuel industry continues to grow and is an integral part of the keep it in the ground struggle. However, in places like Nigeria, contentious subsidies are those related to the importation of petroleum products. The debate is yet to fully focus on the cost of production and related malfeasances. […]
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In what appears to be a jamboree typical of the waste characterising Nigeria’s beleaguered oil and gas industry, the Nigerian Liquefied Natural Gas, NLNG, and the Nigerian National Petroleum Corporation, NNPC, at the weekend sent a 110-man delegation to Seoul, South Korea, for the commissioning of some gas transportation vessels. Checks bySweetcrudeReports revealed that the […]
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