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APC warns against playing politics with reforms in oil sector

APC warns against playing politics with reforms in oil sector

Romanus Ugwu, Abuja The All Progressives Congress (APC), has frowned at Nigerians, especially the critics of the current leadership of Nigerian National Petroleum Corporation (NNPC), warning them not to play politics with the ongoing reform in the oil and gas sector. APC Deputy National Publicity Secretary, Yekini Nabena, in an interviewing newsmen, appealed that the […]
The post APC warns against playing politics with reforms in oil sector appeared first on The Sun Nigeria. …

How to avoid fuel scarcity during yuletide

How to avoid fuel scarcity during yuletide

Adewale Sanyaolu As Nigerians prepare for the December and new year celebrations in about two months time, one dreaded monster that citizens have had to contend with during the yuletide is the challenge of fuel scarcity. In the last five years, except for 2015, the acute shortage of petrol has been a reoccurring decimal across […]
The post How to avoid fuel scarcity during yuletide appeared first on The Sun Nigeria. …

Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan

Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan

Femi Falana, human rights lawyer, says $12.7 billion worth of crude oil was stolen from Nigeria between 2011 and 2014. Goodluck Jonathan was president during the three years mentioned by
The post Falana: $12.7bn worth of crude oil stolen from Nigeria under Jonathan appeared first on TheCable. …

FG slashes 2019 Budget size to N8.6tr from N9.1tr

FG slashes 2019 Budget size to N8.6tr from N9.1tr

Isaac Anumihe, Abuja The Federal Government, yesterday, proposed N8.6 trillion budget for 2019 fiscal year as against the earlier figure of N9.1 trillion, while envisaging a total revenue of N7.9 trillion. It also considered reductions in both borrowing and deficit financing going by the provisions contained in 2019- 2021 Medium Term Expenditure Framework(MTEF)/ Fiscal Strategy […]
The post FG slashes 2019 Budget size to N8.6tr from N9.1tr appeared first on The Sun Nigeria. …

FG loses $104bn to non-implementation of Deep Offshore Contract Act

FG loses $104bn to non-implementation of Deep Offshore Contract Act

James Ojo ,Bimbo Oyesola, Abuja Over $104 billion was lost by the Federal Government for its refusal to implement the Deep Offshore and Inland Basin Production Sharing Contract Act. This was disclosed by the Lagos-based legal luminary, Mr. Femi Falana (SAN), Thursday in Abuja. According to Falana, who stated this at the 40th anniversary of […]
The post FG loses $104bn to non-implementation of Deep Offshore Contract Act appeared first on The Sun Nigeria. …

NNPC extends $6bn oil swap contracts by 6 months

There are indications that the  Nigeria National Petroleum Corporation, NNPC, may have extended its crude for oil products contracts worth about $6 billion by another six months, from the end of 2018 to June 2019.
Continue reading NNPC extends $6bn oil swap contracts by 6 months at Vanguard News. …

NNPC denies culpability in Abia oil pipeline fire

The Nigerian National Petroleum Corporation, NNPC, yesterday, denies culpability in the pipeline fire incident that occurred last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State.
Continue reading NNPC denies culpability in Abia oil pipeline fire at Vanguard News. …

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