by Uche Igwe My view still remains that contrary to the sponsored rhetoric, the Federal Government has no intention of reforming the oil and gas industry. I was invited to a roundtable on the Petroleum Industry Bill organised by the African Studies Department of the Johns Hopkins University in Washington DC on November 3, 2010.... Read More
by Stanley Azuakola The wait is almost over. Years have gone by since the Petroleum Industry Bill (PIB) was first proposed. In fact, the last attempt, introduced in 2008 when Rilwanu Lukman was still Minister of Petroleum, died with the last assembly in 2011. President Jonathan who promised to re-submit that bill when elected has spent... Read More
by Mohammed Zagga ONCE again, the House of Representatives is in the storm of another bribery scandal, coming two months after the suspension of the Committee on Capital Markets, led by Herman Hembe. In the latest scandal, the Chairman of the ad-hoc Committee on Fuel Subsidy Probe, Malam Faruk Lawan, was allegedly caught on video receiving a $620,000... Read More
By Muhammad Sageer Whatever catastrophe we are going through in this country is the brainchild of ex-president, Olusegun Obasanjo. Obasanjo is the genesis of almost Nigerian problem. When Obasanjo first came to power in 1999, many Nigerians had high hopes but unfortunately we never knew he came to destroy us. We had a tyrant in democracy toga.... Read More
by Tolu Orekoya Nigerian scammers have spread their wings and graduated to the big leagues, invading the oil sector. In a report by Reuters, no-name firms are claiming to be in the Nigerian oil big-leagues and able to provide thousands of barrels of oil at such a deep discount the buyer could potentially save up to $10... Read More
by Stanley Azuakola Mr. Austen Oniwon, the Group Managing Director of the Nigerian National Petroleum Organisation (NNPC) has been removed by President Goodluck Jonathan. Oniwon wasn’t the only casualty, as other top management staffs of the organisation were also sacked. They include Mr. Michael Arokodare, the outgoing Group Executive Director (Finance and Accounts), Mr. Philip... Read More
The Nigeria National Petroleum Corporation (NNPC) lost four senior members of staff last Sunday in the crash of Dana Airline Flight 9J-922. NNPC staff lost in the tragedy include the Group General Manager, Group Public Affairs, Levi Ajuonuma; Manager, Pipeline and Depot Projects, Okikiolu Olukayode; Senior Contract Specialist on Secondment to Brass LNG; and the... Read More
Premium Times is reporting that the NNPC’s General Manager in charge of Public Affairs, Dr Levi Ajuonuma, was one of the casualties in the McDonnell Douglas (MD-83) aircraft operated by Dana Air, which crashed in Lagos today. The flight, arriving Lagos from Abuja, crashed with less than four minutes to landing. Dana airline has said it... Read More
by Stanley Azuakola Has the president’s call for arrests stemming from the fuel subsidy probe report caused unrest at NNPC? It appears so. At a ministerial forum in Abuja on Tuesday, Nigeria’s Minister of Petroleum Resources, Diezani Alison-Madueke, cried out in defiance against the report of the House of Representatives Ad hoc Committee on Subsidy Probe.... Read More
I am proud of the diversity of my friends; their careers and personalities. Perhaps that’s why I was not surprised to discover a friend I erroneously thought to be a finance geek, is actually a well-disguised smuggler. Last month, he informed a few of us of a plan to visit Nigeria for a few days... Read More
Farouk Lawan: what is Nigeria’s daily fuel consumption? Diezieni: 52million Liters NNPC: 35m liters DPR: 43m liters PPPRA: 24M liters Okonjo: 40M liters Farouk Lawan: What was the subsidy for 2011? Diezieni: 1.4Trillion Okonjo: 1.3Trillion CBN: 1.7Trillion Farouk Lawan: Can we have the KPMG REPORT? Okonjo: I have to go through the report first Diezieni:... Read More
By Adebola Rayo Every time something happens in Nigeria, we add new words to our vocabulary. I’m sure we all remember “cabal”, which started while Yar’Adua lay comatose and an unknown and (at the time) untouchable cabal supposedy ran the country. The word was resurrected by Jonathan when the subsidy issue started, of course there... Read More
by Seyi Lawal Nigerians have witnessed a remarkable sense of unity of purpose, bound together by rage over the fuel subsidy removal policy of the Federal Government of Nigeria, across the country from Lokojo to Ilorin, Lagos to Ibadan. And now, in Kano, the #OccupyNigeria protest, or the #HarmattanRevolution as some have called it, is... Read More
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