10 things we learnt from Buhari’s media chat this morning

President Muhammadu Buhari has said the Americans are willing to help us and that the nation is grateful for making the elections peaceful. He said this on Monday morning while having a media chat on NTA. Here are 10 things we learnt from his chat. 1. Buhari reveals that the Nigerian airforce is virtually non-existent.... Read More

The News Blog

APC, Buhari, nigeria, nnpc

July 25, 2015

How Buhari intends to break NNPC into two parts

President Muhammadu Buhari has revealed that he would break into two parts, the Nigerian National Petroleum Corporation. Buhari said that the national oil company will be divided into an ‘independent regulator’ and an ‘investment vehicle’. The President stated this in an interview with journalists in Washington DC during a four-day visit to the United States. An extract... Read More

nnpc, president buhari

July 24, 2015

Bamikole Omisore: Saraki and the ‘missing’ $20 Billion

by Bamikole Omisore It is on record that Dr. Saraki was the only Senator on the committee who refused to sign the report, even in the face of severe duress and personal inconvenience. Before President Muhammadu Buhari travelled to the United States on a four-day State Visit, one of the issues dominating the national discourse... Read More

Bamikole Omisore, Bukola Saraki, Goodluck Jonathan, missing $20 bilion, nnpc, opinion, ynaija

July 24, 2015

NNPC is the engine room of corruption in Nigeria – Saraki

Senate President, Bukola Saraki, has described the Nigerian National Petroleum Corporation as the engine room of corruption in the country. Saraki also bemoaned the fact that perpetrators of illegal deals in the corporation have not been apprehended and put on trial. The Senate President said this while addressing the leadership of the Nigerian Labour Congress led... Read More

The News Blog

Bukola Saraki, corruption, nnpc

July 23, 2015

Saraki says Jonathan didn’t give him a bribe over missing $20billion

Senate President Bukola Saraki has denied allegations by a news website that he received a bribe from former president Goodluck Jonathan to help him influence the Senate’s probe about the $20 billion believed to be missing from the Nigeria National Petroleum Corporation (NNPC) account. Saraki accused the news medium of smear campaign and acting the script of his... Read More

The News Blog

$20billion, jonathan, nnpc, Saraki

July 16, 2015

THE 2015 TRACKLIST: Tinubu celebrates PMB, El-Rufai fires 20 perm secs, Aregbesola replies petitions, More stories

DSS interrogates NNPC director over oil swap deal. Punch Anti-Saraki group seeks probe by police over forgery scandal. Leadership Tinubu, Momodu celebrate Buhari online. Punch El-Rufai sacks 20 permanent secretaries, appoints new ones. Leadership Presidency says Buhari didn’t make anti-Igbo statement. Punch APC chieftain says Buhari is capable of tackling Nigeria’s problem. Leadership EFCC begins... Read More

APC, Buhari, EFCC, el rufai, Moro, nnpc, Tinubu, tracklist

July 14, 2015

Nasir El-Rufai: Why Buhari must kill NNPC

by Nasir El-Rufai There is every danger that addressing a topic like this might yield another exercise in vain lamentation when what our country needs to do is take and give effect to rational decisions about the oil sector. For instance, the discourse around the resource curse has had a deep resonance for many Nigerians... Read More

buhari government, Nasir Elrufai, nnpc, Oil, opinion, ynaija

July 13, 2015

“If you don’t kill NNPC, it will kill Nigeria” – El-Rufai

Kaduna State Governor, Mallam Ahmed El-Rufai, has called for a complete disbandment of the Nigerian National Petroleum Corporation. He also demanded the immediate privatisation of the four refineries owned by the corporation. El-Rufai was irate when saying this on Monday, July 13, at the 7th Wole Soyinka Centre Media Lecture Series. “If you don’t kill NNPC, it kill... Read More

The News Blog

Nasir el-Rufai, nigeria, nnpc

July 2, 2015

Looks like the fuel scarcity is back

Fuel queues have returned at filling stations across the country. Some filling stations in Lagos and Ogun states, as well as the Federal Capital Territory (FCT), Abuja, have hiked the pump price while a few others have locked their premises. The Chief Executive Officer of Seplat Petroleum, Austin Avuru, had recently said that the respite... Read More

The News Blog

Abuja, Fuel, government, lagos, nnpc, scarcity

June 30, 2015

THE 2015 TRACKLIST: APC wants Ekweremadu out, APC governors gives names of NASS principal officers, APC PDP exchange words, More stories

Buhari says all revenues from NNPC must be paid into consolidated revenue funds. This Day NEC says Okonjo-Iweala spent $2.1 billion without approval. YNaija PDP talks back tells Buhari he can’t blackmail them. This Day APC senators replies PDP, says they can’t rush Buhari into GEJ’s trap. YNaija Saraki, Dogara dismiss Akande’s allegations on sponsorship by... Read More

Buhari, NEC, nnpc, Okonjo-Iweala, tracklist

June 30, 2015

Okonjo-Iweala spent $2.1bn without approval – NEC

The newly inaugurated National Economic Council, has accused former Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorisation. The Council, which is chaired by Vice-President Yemi Osinbajo, made the accusation after the NEC’s 58th meeting in Abuja on Monday, June 29. While speaking to State... Read More

The News Blog

ECA, FG, NEC, ngozi okonjo iweala, nnpc

June 28, 2015

This is why Diezani must be probed – Festus Keyamo

Popular human rights lawyer, Festus Keyamo, has once again, called for a probe of the tenure of the former Minister of Petroleum Resources, Diezani Alison-Madueke. Keyamo had petitioned the Senate President and Speaker of the House of Representatives on June 17, asking the National Assembly to commence investigations into the activities of the Nigerian National Petroleum... Read More

The News Blog

Diezani Alison Madueke, Festus Keyamo, nnpc, president buhari, PROBE

June 27, 2015

Previous administration accuses Buhari of dismissing already dissolved board

Some members of the out-gone administration of President Goodluck Jonathan have said the dissolution of the Nigerian National Petroleum Corporation (NNPC) board by President Muhammad Buhari was out of order. Saying that according to the “Petroleum Act,” the board stood dissolved the moment former Petroleum Minister, Diezani Alison-Madueke, left office. Two members of Jonathan’s administration... Read More

The News Blog

Buhari, GEJ, nlng, nnpc

June 26, 2015

These are the 9 members of the just-dissolved NNPC board (PHOTO)

President Buhari has dissolved the Board of the Nigerian National Petroleum Corporation with immediate effect. The announcement was made in a statement released on Friday, June 26, by the Director Communications, Office of Head of Civil Service of the Federation, Alhaji Haruna Imrana, on behalf of the HoS, Mr. Danladi Kifasi. The 9 members of... Read More

The News Blog

board, dissolved, nnpc, president buhari

June 26, 2015

President Muhammadu Buhari dissolves NNPC board

It is beginning to look like the present administration has begun work as President Muhammadu Buhari has dissolved the board of the Nigerian National Petroleum Corporation (NNPC) with immediate effect. Buhari also expressed gratitude to members of the dissolved board for their services to the nation. We’ll update as soon as we get more details.

The News Blog

Buhari, dissolves, nnpc, Oil

June 16, 2015

“Enough is enough” | OPC pulls out of pipeline protection contract

The Oodua People’s Congress, has instructed its men to refrain from guarding all the pipelines of the Nigerian National Petroleum Corporation. In March, the Federal Government headed by Goodluck Jonathan, had awarded a multi-billion naira contract to OPC to protect NNPC pipelines in the South-West region. According to Yinka Oguntimehin, spokesman for Gani Adams faction of... Read More

The News Blog

Gani Adams, nnpc, OPC, pipeline protection contract

June 14, 2015

These are the 3 oil companies under investigation for cheating the government

To ascertain whether the Nigerian government is being cheated through contracts in which crude oil is given to traders in exchange for refined imports, the Economic Financil Crimes Commission and the Department of State Security, are investigating three major oil companies. The Nigerian Extractive Industries Transparency Initiative had recently reported that there was a revenue... Read More

The News Blog

Aiteo, Duke Oil, nnpc, Sahara Group

June 7, 2015

10 things we learned from Diezani’s ThisDay interview

Diezani Alison-Madueke has, again, reaffirmed that during her tenure she stole no money. Her tenure as minister has been shrouded by controversy that will take years to live down. She disclosed this in an interview with ThisDay where she also opened up on some other issues like her accomplishments and the structural problems of the petroleum sector, Emir Mohammad... Read More

$20billion, alison-Madueke, economy, nnpc

June 6, 2015

Mallama Hafsa: 7 questions for Diezani Alison-Madueke

by Mallama Hafsa The public is curious to understand why the former president has insisted on keeping the controversial petroleum minister in spite of all the strong allegations against her. Former President Goodluck Jonathan continued to turn a blind eye to all these issues, even as they badly affected the country’s image. Throughout the lifespan... Read More

Diezani Alison Maduekwe, Goodluck Jonathan, mallama hafsa, nnpc, opinion, ynaija

May 25, 2015

Immanuel Ugwu: Dear Diezani, you are running in vain

by Immanuel Ugwu Buhari’s private forgiveness will not save her from her history. Her robbery of the Nigerian people makes her eligible for prosecution. She is running in vain because our collective sense of impoverishment can only be appeased by justice. If Diezeani Allison Madueke, the queen of the Nigerian oil empire, did not scamper... Read More

Buhari, corruption, Immanuel ugwu, nnpc, Oil, opinion, President Jonathan, ynaija

May 14, 2015

Emir of Kano, Sanusi has some unanswered questions for Diezani, NNPC

by James Sambo In an essay titled in the Financial Times, the Emir of Kano, Lamido Sanusi insists that the PwC Audit Report confirmed that about $18.5billion of the earnings of the Nigerian National Petroleum Corporation was not remitted to the treasury. According to Sanusi, Petroleum Minister, Diezani Alison-Madueke, doesn’t know what she’s talking about. In the... Read More

The News Blog

Diezani Alison Madueke, Emir of Kano, Muhammad Sanusi II, nnpc

May 3, 2015

Buhari must sanction PwC over NNPC report – APC chieftain

by Ranti Joseph The Senator-Elect for Lagos West Senatorial District and Chairman of the House of Representatives Committee on Public Accounts, Solomon Adeola has called on the incoming Federal Government and relevant financial and auditing regulatory bodies to appropriately sanction the auditing firm, PriceWater House Coopers (PWC) for misleading and deceiving Nigerians on the... Read More

The News Blog

Buhari, nnpc, Pwc, senator in Lagos West, Solomon Adeola

May 1, 2015

Is’haq Kawu: What are we to make of the NNPC audit report?

by Is’haq Kawu In response, the Governor was suspended from office, by President Goodluck Jonathan, who was always willing to protect Diezani Allison-Maduekwe. It is clear that like the proverbial cup of water, some would see it as half full, while others would describe it as half empty! It was in the lead to the... Read More

diezani allison maduekwe, Muhammadu Buhari, nnpc, President Goodluck Jonathan, PriceWaterHouseCooperson, Pwc

April 30, 2015

Olusegun Adeniyi: Let’s talk about Buhari, NNPC, and the ‘missing’ trillions

by Olusegun Adeniyi Nigerians are already excited about the prospect of a coming probe by Buhari. But such an exercise would be no more than a needless distraction for an administration that has so many things on its plate. An old man was walking through a village when he saw several children gathered around a... Read More

$20 billion missing, Lamido Sanusi Lamido, Muhammadu Buhari, nnpc

April 27, 2015

We are not afraid of being probed – PDP replies Buhari over missing NNPC $20 billion

by Damilola Jagun The National leadership of the Peoples Democratic Party, says the former ruling party is not afraid of the plan by the President-elect, Muhammadu Buhari, to probe the missing $20 billion from the Nigerian National Petroleum Corporation. The PDP made its position known in a text message to Vanguard newspapers on Monday, April 27. The National... Read More

Muhammadu Buhari, nnpc, Olisa Metuh, PDP, Vanguard Newspapers

April 26, 2015

Buhari will investigate $20 billion missing from NNPC account

by Panshak Ibrahim The president-elect, General Mohammadu Buhari, says he will investigate the alleged missing $20 billion from the account of the Nigerian National Petroleum Cooperation, NNPC. Buhari made the disclosure on Sunday, April 26, while addressing a delegation of Adamawa State chapter of the All Progressives Congress, who paid him a congratulatory visit at... Read More

The News Blog

#VoteChange, Abuja, adamawa, Muhammadu Buhari, nnpc, Sanisu Lamido Sanusi

April 23, 2015

Today’s Daily Brief: NNPC says why FG should remove oil subsidy, Jonathan/Buhari teams meet, El-Rufai sets up transition committee, and more

The Nigerian National Petroleum Corporation on Thursday called on the Federal Government to scrap the Petroleum Support Fund (PSF) otherwise known as petroleum subsidy because government should not guarantee the price of crude oil that it does not control. In his presentation during the 2015 Oloibiri Lecture and Energy Forum of the Society of Petroleum... Read More

Buhari, el rufai, FG, jonathan, nnpc

April 22, 2015

Alison-Madueke speaks on the missing $20 billion

by Ranti Joseph Minister of Petroleum Resources, Diezani Alison-Madueke, said the allegations levelled on her over the alleged missing funds from the reserves of the Nigerian National Petroleum Corporation (NNPC) and also of her wasteful spending were made because of the reforms contained in the Petroleum Industry Bill. She said this while fielding questions from... Read More

The News Blog

alison-Madueke, Diezani Alison Madueke, economy, missing $20 billion funds, nnpc, PIB

April 10, 2015

Is’haq Kawu: Why I want Gov. Shettima re-elected in Borno

by Is’haq Kawu The old order changeth, paveth way for the new. If we wait long enough, everything changes! This weekend, Nigerians return to the polls to choose governors for most of our states, as well as legislators for state Houses of Assembly. The governor is a very important position because governors affect the... Read More

Diezani Alison Maduekwe, Kashim Shettima, ngozi okonjo iweala, nnpc

March 24, 2015

Atedo Peterside: Tales of the unexpected at NNPC and CBN

by Atedo Peterside Wake up on any day of your choice and accuse NNPC of failing to remit 100% of what is due to the Federation Account and you will be right – the worst that can happen is that you may be incorrect on the scale/magnitude. A foreign correspondent first called my attention to... Read More

CBN, central bank of Nigeria, missing funds, nnpc, Petroleum, President Goodluck Jonathan

10 things we learnt from Buhari’s media chat this morning

How Buhari intends to break NNPC into two parts

Bamikole Omisore: Saraki and the ‘missing’ $20 Billion

NNPC is the engine room of corruption in Nigeria – Saraki

Saraki says Jonathan didn’t give him a bribe over missing $20billion

THE 2015 TRACKLIST: Tinubu celebrates PMB, El-Rufai fires 20 perm secs, Aregbesola replies petitions, More stories

Nasir El-Rufai: Why Buhari must kill NNPC

“If you don’t kill NNPC, it will kill Nigeria” – El-Rufai

Looks like the fuel scarcity is back

THE 2015 TRACKLIST: APC wants Ekweremadu out, APC governors gives names of NASS principal officers, APC PDP exchange words, More stories

Okonjo-Iweala spent $2.1bn without approval – NEC

This is why Diezani must be probed – Festus Keyamo

Previous administration accuses Buhari of dismissing already dissolved board

These are the 9 members of the just-dissolved NNPC board (PHOTO)

President Muhammadu Buhari dissolves NNPC board

“Enough is enough” | OPC pulls out of pipeline protection contract

These are the 3 oil companies under investigation for cheating the government

10 things we learned from Diezani’s ThisDay interview

Mallama Hafsa: 7 questions for Diezani Alison-Madueke

Immanuel Ugwu: Dear Diezani, you are running in vain

Emir of Kano, Sanusi has some unanswered questions for Diezani, NNPC

Buhari must sanction PwC over NNPC report – APC chieftain

Is’haq Kawu: What are we to make of the NNPC audit report?

Olusegun Adeniyi: Let’s talk about Buhari, NNPC, and the ‘missing’ trillions

We are not afraid of being probed – PDP replies Buhari over missing NNPC $20 billion

Buhari will investigate $20 billion missing from NNPC account

Today’s Daily Brief: NNPC says why FG should remove oil subsidy, Jonathan/Buhari teams meet, El-Rufai sets up transition committee, and more

Alison-Madueke speaks on the missing $20 billion

Is’haq Kawu: Why I want Gov. Shettima re-elected in Borno

Atedo Peterside: Tales of the unexpected at NNPC and CBN

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