Oil & Gas

Sell the worthless refineries!

A report that Nigeria’s four refineries are currently operating at just 5.55 per cent of their combined installed capacity of 445,000 barrels per day means that the refineries are barely producing 24,698 barrels per day, indicating gross under-performance, which demands the political will to sell the refineries at this time. …

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FG to sell recovered assets

PRESIDENT Muhammadu Buhari has ordered the Ministry of Finance to sell all recovered and liability-free assets in six months. Some politicians and former government officials had their assets seized in the course of the anti-graft war of the Buhari administration. Speaking Tuesday while briefing the House of Representatives Joint Committee …

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IYC threatens showdown with Presidency

The Ijaw Youth Council (IYC) has threatened a showdown with the Presidency over alleged anomalies in the recent recruitment exercise being conducted by the Nigerian National Petroleum Corporation (NNPC). The body of Ijaw youths worldwide warned of dire consequences if the NNPC and those in the Presidency refuse to accord …

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Ondo youths protest at governor’s office

Youths from Ilaje Local Government Area of Ondo State on Monday paralysed activities at the Governor’s office in Akure over alleged poor development of oil-producing areas in the state. The youths, who carried placards with various inscriptions, said they were protesting lack of autonomy for the Ondo State Oil Producing …

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South Daily