It is incontrovertible that the downstream sector of the petroleum industry has been on the brinks of collapse for some years. The Federal Government, through the Nigerian National Petroleum Corporation (NNPC) and the Ministry of Petroleum Resources, had been able to significantly sustain the supply of petroleum products to the populace, but at a very huge cost, which by all ...
Updated 6 Years ago

The Coalition of Civil Society Group For Transparency and Good Governance (CCSGFTGG) has called on the Taraba State Executive Council to put in place a team of medical experts to undertake a verification visit abroad to ascertain the health status of Governor Danbaba Suntai.
Updated 6 Years ago

The Public Accounts Committee (PAC) in the House of Representatives Monday summoned the Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu; Executive Secretary, Petroleum Products Pricing and Regulatory Agency (PPPRA), Mr. Reginald Stanley, and the Director, Department of Petroleum Resources, Mr. Osten Oluyemisiola, over queries raised against their organisations by the Office of the Auditor General of the Federation.
Updated 6 Years ago

The Nigerian Association of Petroleum Explorationists (NAPE) has stressed the need for training and retraining of geosciences students to enhance oil and gas exploration in the country and also increase revenue for the government. Meanwhile, the University Assistance Programme (UAP) leadership forum has been scheduled to take place between March 15 and 17, this year. It is entitled: “Enhancing skill-based ...
Updated 6 Years ago

Human rights activist, Mr. Festus Keyamo, has indicated his interest to vie for the governorship of Delta State with a promise to take Deltans out of what he called the present state of underdevelopment.
Updated 6 Years ago

• Controversy trails NLNG’s N195b dividend The Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion, but the Corporation has not shown any intention to pay the money, House of Representatives Committee on Finance has said. The corporation is supposed to remit the said amount from the N6 trillion Internally Generated Revenue (IGR) it realised between 2009 and ...
Updated 6 Years ago

An eight-year-old schoolboy has married a 61-year-old woman because the ghost of his dead ancestor told him to, DailyMail of London reports. Sanele Masilela tied the knot with Helen Shabangu, who is already married and a mother-of-five.
Updated 6 Years ago

As the advanced countries of the world continue to seek ways to be energy independent or significantly reduce their energy imports, Nigeria should optimise value of its hydrocarbon resources by creating very competitive policies and incentives that it a haven for investors. Chairman and Managing Director, Mobil Producing Nigeria Unlimited, Mark Ward, made this call at the Aret Adams Lecture ..
Updated 6 Years ago

It was apparent that all is still not well with the newly formed PDP Governors’ Forum as most of the substantive governors were absent at the second meeting of the forum presided over by the new chairman, Governor Godswill Akpabio of Akwa Ibom State.
Updated 6 Years ago

The Central Bank of Nigeria (CBN) will from June 1, 2013 implement a policy that places N150,000 limit on all over-the-counter cheque withdrawals in commercial banks, microfinance banks and primary mortgage institutions (PMIs) nationwide. In a circular to all stakeholders, CBN Director, Banking and Payment System, Dipo Fatokun said the policy is in recognition of the success recorded in Lagos. ..
Updated 6 Years ago