Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow 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 […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigerian National Petroleum Corporation, NNPC, has decried the circulation of what it described as a fake letter of authorization to buy and or sell Nigerian crude oil. The corporation issued a statement on Monday insisting that it did not issue any such […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The operations of the Nigerian National Petroleum Corporation, NNPC, were shut down September 16, as angry workers stopped work over the N85 billion gap in its pension funds that led to the withdrawal of the license of the corporation’s pension scheme by regulators. […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow President Goodluck Jonathan has sacked the Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu. The President sacked the NNPC boss through a statement signed by Reuben Abati, his Special Adviser on Media and Publicity. The statement added that the President […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Engineer Andrew Yakubu rose through the ranks to the zenith of his career within a space of 33 years. It is clear that Yakubu, who has had a very successful tenure as the helmsman of the Nigerian National Petroleum Corporation, derives his winning […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal Government has been commended for opening the petroleum sector to local participation. Tony Elumelu, chairman, Transnational Corporation of Nigeria, Transcorp Plc, made the commendation last weekend as Transcorp and the Nigerian National Petroleum Corporation, NNPC, signed a production sharing contract for […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigeria Security and Civil Defence Corps, NSCDC, Ogun State command, has arrested some petrol attendants for selling petrol above the approved pump price. Officials of the command went round some petrol stations over the weekend, and found out that many of […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A coalition of human rights activists and non-governmental organisations has taken up the gauntlet to enforce the recovery of various huge sums of money diverted from the Federation Account It is a rare collaboration but one that has the common good of Nigerians […] More
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow 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 […] More
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