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Don’t Remove Subsidy on Petrol –NANS Tells FG

The National Association of Nigerian Students, NANS, has cautioned the federal government against the removal of fuel subsidy, describing the move as one that could be detrimental to the citizens and the country’s economy at large. In a statement issued on Monday by Nwankwo Ezekiel, public relations officer, NANS, said after wide consultations with the

The Oil Price Burden

There is anxiety about the falling price of crude oil as dwindling revenue threatens economic and social development, raising concerns over the overall health of the Nigerian economy Nigeria is groaning under falling oil price and Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, will have a herculean task managing the country’s economy

China Shows Interest in Nigeria’s Oil & Gas Sector

Liu Kan, Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu said that China would also depend on Nigeria to satisfy the demand of her increasing population for crude oil and gas. “China is the most populous nation

Refinery

Nigerians Groan as Fuel Crisis Persists

For over one week, Nigerians have been battling with the pangs of fuel scarcity. A number of the filling stations are believed to have petroleum products, but refuse to sell to consumers. Isibor Mark caught this scene in one of the filling station.

Saving a Multi Billion Dollar Investment

The federal government and Delta State collaborate to save the multi-billion dollar gas project at Ugborodo, Delta State, threatened by feuding host communities Twice in a space of two weeks, the federal government read out the riot act to the feuding parties in the seemingly intractable crises that have claimed many lives and made life

Refinery

The Politics of Privatisation of Refineries

After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In

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