By Michael Eboh The Nigerian National Petroleum Corporation (NNPC), Monday, said it will resume the exploration of crude oil in the Chad Basin, following the improvement of security in the North-East region of the country. Group Managing Director, NNPC, Dr. Joseph Dawha, who disclosed this in a statement signed by Mr. Ohi Alegbe, Group General […]
Tag Archives: Nigeria
The Bayelsa Government said on Thursday that it would assist farmers whose farmlands were affected by the April 15 oil leak from Shell oil field in Otuasega community. The Bayelsa Commissioner for Environment, Mr Iniruo Wills, in a NAN report from Yenagoa said that the government would ensure that the impacted areas were cleaned up […]
Photo: Oil refinery By Bassy Udu Abuja — The much anticipated , operations on the missing $ 20 billion oil money may not amount to much after all, with PricewaterhouseCoopers, the audit firm that conducted the probe, saying it cannot vouch for the integrity of its findings.In a startling introductory letter addressed to Nigeria’s Auditor […]
analysis By Tomiwa O. Erinosho Nigeria, a country endowed with numerous natural energy resources such as crude oil, gas, coal, hydro, wind, biomass, solar, geothermal, tidal and even uranium has adopted a multi-faceted approach to meet its energy requirements. Despite the wealth of resources, emphasis has been placed on using conventional sources such as hydro, […]
By Nkechi Isaac President Goodluck Jonathan has finally signed the National Biosafety Agency Bill, which is a milestone in the domestication of modern biotechnology in Nigeria, into law. Recall that the biosafety bill, sponsored by the National Biotechnology Development Agency (NABDA) was initially passed by the 6th National Assembly in 2011 but was not assented […]
Photo: Police on guard. By Adekola Eke An Urhobo militant group, Urhobo Gbagbako, on Friday claimed responsibility for Thursday night’s bombing of the NPDC Oil pipelines at Ighrenene, Afiesere and Ekiugbo communities in Delta State. The group, which made the claims in an email sent to some reporters, said it is also planning to shut […]
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Photo: Daily Trust Petrol Station in Nigeria By Clara Nwachukwu And Michael Eboh Abuja — As fuel scarcity bites harder nationwide, fresh facts emerged, yesterday, indicating that a combination of policies from Nigeria’s Central Bank and the high level of indebtedness of product marketers to some banks led to the low supply of Premium Motor […]
editorial AS a major threat to the nation’s fortunes, pipeline vandalism is assuming such a grimmer dimension as demands the immediate intervention of the Federal Government, security agencies and other stakeholders. Obviously buoyed by their successes in destroying pipelines to steal oil, vandals have become more daring in their criminal activities, thereby inflicting untold damage […]
By Bassey Udo The global drop in crude oil prices continued to affect Nigeria, as the country recorded about N48.7 billion loss in revenue from oil exports in November and December, 2014. The Accountant General of the Federation, Jonah Otunla, stated this in his revenue report during the January Federation Accounts Allocation Committee meeting held […]
Going by reports from across the nation, the high expectation of Nigerian electricity consumers to start enjoying improved services and better power supply as a result of the privatization of the power sector may not manifest soon. Not only is power disappointingly in short supply but the Electricity Distribution Companies (DISCOs) and their marketers are […]
By James Emejo Abuja — The forensic audit into the allegation of unremitted funds by the Nigerian National Petroleum Corporation (NNPC), which was carried out by PricewaterhouseCoopers (PwC), has revealed that the sum of $ 1.48 billion is yet to be remitted to the Federation Account by the corporation and its E&P subsidiary, Nigerian Petroleum […]
Many Nigerian communities where oil is pumped or piped say they see little development brought by the country’s largest industry. Some are looking to alternative energies as a way of reducing poverty and illness. For the past 10 years, Dokas Obonyano has worked drying cassava by the heat of a natural gas flare. The Shell […]
editorial The Federal Government last week announced a reduction of the pump price of Premium Motor Spirit (PMS), otherwise called petrol from N97.00 to N87.00 per litre. The reduction, which was announced by the Minister of Petroleum Resources Mrs Diezani Alison-Madueke, was meant to take immediate effect. She also directed the Petroleum Products Pricing Regulatory […]
By Bukola Idowu, Friday Atufe, Chima Akwaja, Olushola Bello The federal government plan to raise about N450billion through internally generated revenue (IGR) for the 2015 budget would not be sufficient going by the continuing fall in the price of crude oil at the international market experts have said. The government’s 2015 budget proposal was sent […]
Governor of the State of Osun, Rauf Aregbesola has said that the country has lost at least N1.2 trillion to oil theft in one year of the last 18 months. Aregbesola who stated this at a book launch in commemoration of 54th birthday of the Vice President of the Nigerian Labour Congress (NLC) Isa Aremu […]
