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. …
Read More »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 …
Read More »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 …
Read More »Fuel crisis worsens in Calabar as IPMAN leadership tussle persists
For the third day running, fuel scarcity persists in Calabar as the factional crisis within the Independent Petroleum Marketers Association of Nigeria (IPMAN) deepens as Lawrence Agim leads a faction, while Edet Umana leads the other. The latest crisis is as a result of a Federal High Court Calabar judgement …
Read More »Allege marginalisation: Imo youths barricade oil company
Youths of Izomba clan in the Oguta Local Government Area of Imo State on Friday barricaded the premises of Seplat Oil Company in protest. Clutching placards, the youths alleged that the oil company started operations in the area without reaching any agreement with the community. According to Ezekwesiri Nwauwa, for …
Read More »Buhari sack Maikanti Baru, appoints Mele Kyari as NNPC GMD
President Muhammadu Buhari has appointed Mele Kyari to head the Nigerian National Petroleum Corporation (NNPC). This is the second appointment the president will be making since his inauguration in May. Kyari, who is the current group General manager, crude marketing division, will assume office as NNPC GMD on July 7. …
Read More »Oil theft: Soldiers kill notorious kingpin in Rivers
The 6 Division of the Nigerian Army in Port Harcourt has confirmed the killing of a notorious cultist and illegal oil bunkering kingpin, Korobo Menele, by its troops. Menele, who was popularly known as Mene and Oil Minister, was reportedly shot on Sunday, few hours after a group of hoodlums …
Read More »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 …
Read More »Whistleblower sues FG over alleged N1.9bn commission default
A whistleblower (name withheld), who exposed a secret account with a balance of $223m (N80.2bn) has sued the Federal Government and the Attorney General of the Federation for failing to pay him the N1.9bn commission promised him for exposing corruption. In a suit filed before a FCT High Court vide …
Read More »Legacy debts: FG revokes five companies’ oil block licences
The Federal Government has revoked the oil block licences of five companies, including a firm founded by late Chief Moshood Abiola. The Department of Petroleum Resources, in a public notice on Thursday, indicated that the licences were revoked as a result of legacy debts owed the federation by the affected …
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