In a bid to stem the growth of corruption in Nigeria, group reaches out to Nigerian youth. Nigeria’s premier anti-corruption civic group, Integrity, says it has completed plans to engage the country’s youth population in a fight against graft and corruption. Soji Apampa, the Executive Director of Integrity, disclosed this in Abuja, Monday, when he […]
On January 17, 2013, Thisday Newspaper published an opinion piece credited to one Ejiofor Alike titled “PIB: Powers of Minister Similar to UK, Malaysian, Norwegian Laws” where the author attempted to educate his readers and justify the contentious powers assigned to the Minister of Petroleum resources. Ejiofor said “Contrary to the impression that the Petroleum […]
The N3.04tn operational expenditure of the Pipelines and Products Marketing Company in 2012 was N687.1bn in excess of its total revenue for the year. The company, which is a subsidiary of the Nigerian National Petroleum Corporation, entered a total full year revenue performance of N2.35tn, despite projecting the sum of N3.04tn at the beginning of […]
The Federal Government’s efforts to sustain the improvement in power supply received a boost with the unveiling of the Oredo Integrated Gas Handling Facility by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, at the Nigerian Petroleum Development Company (NPDC) operated Oredo field in Edo State. A statement signed by Tumini E. Green on behalf […]
Pipelines and Products Marketing Company, PPMC, is set to increase Nigeria’s petroleum products reserves by 80 million litres, with the construction of four new storage tanks and the rehabilitation of three existing tanks at its Mosimi Depot in Ogun state. Speaking during the inspection of construction works at the depot, Mr. Haruna Momoh, Managing Director, […]
The Nigerian National Petroleum Corporation lost a total of N190bn to pipeline vandals between 2011 and 2012, the Petroleum Products Marketing Company Limited has said. Spokesman for PPMC, Mr. Nasir Imodagbe, disclosed this in a telephone interview with our correspondent in Abuja on Wednesday. Details of the loss showed that while revenues lost to crude […]
The Nigerian National Petroleum Corporation (NNPC) is running out of options to get the $1.5 billion loan to offset creditors’ debts. After criticism from the media, debt management office and lawmakers, the NNPC has began to solicit for the support of stakeholders in its bid to secure the loan. Responding to questions on the development, […]
All has certainly not been heard on the award of a 45 per cent equity in one of Nigeria’s more lucrative oil blocks, OML 30, to Heritage Oil, a relatively unknown British-based firm whose promoter and CEO, Tony Buckingham, is reputed to have bankrolled military coups in African states. Isaac Aberarem, Secretary General of the […]
Ogun State Governor, Senator Ibikunle Amosun, Sunday, accused officials of National Petroleum Corporation, NNPC, of conniving with vandals to wreak havoc on the country’s economy through pipeline vandalism. He said this following the fire at the corporation’s pipeline at Arepo village in Obafemi-Owode Local Government Area of the state, which claimed unsuspecting number of lives. […]
The controversial Petroleum Industry Bill and the review of the 1999 Constitution are among top issues on the agenda as members of the House of Representatives reconvene on Tuesday (tomorrow) after the Christmas/New Year break. The Deputy Chairman, House Committee on Media and Pubic Affairs, Mr. Victor Ogene, told The PUNCH on Sunday that “work on the […]