Tag: Oil

Top 5 Stories Of The Day | Dangote Reveals His Petrol is 20% Cheaper Than Imported Fuel

Top 5 Stories Of The Day | Dangote Reveals His Petrol Is 20% Cheaper Than Imported Fuel

Dangote reveals his petrol is 20% cheaper than imported fuel NIS shifts focus on exposing illegal immigrants PDP demands for new collation of results by INEC NERC reveals DisCos received…

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Oil

As Russia & Saudi Arabia fight over oil prices, a poorly prepared Nigeria will suffer

Over the last few years, Nigerians have lived in fear of fluctuating oil prices. Despite the efforts of successive governments to diversify the Nigerian economy and wean citizens and governments…

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Soot

Ifeoma Chukwuogo is addressing the soot crisis in Port Harcourt with her short documentary “Collateral Damage”

When I first heard of the Soot in Port Harcourt, the Rivers capital, my initial reaction was that it felt something ripped out from a horror movie. Residents of the state…

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Just In: Avengers return, vow to resume “bloody” attacks

The Niger Delta Avengers (NDA) has announced that it would resume attacks on oil assets, suspending its ceasefire agreement with the Federal Government. The group's spokesman, Mudoch Agbinibo in a statement…

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UK oil executives arraigned over $400m fraud in Nigeria

Former Chief Executive Officer and Chief Operating Officer of Afren, Osman Shahenshah and Shahid Ullah have been charged with criminal offences over payments of over $400 million they received via secret companies in…

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[The Activism Blog] This NEITI report finally proves why Nigeria doesn’t need oil

The Nigeria Extractive Industries Transparency Initiative (NEITI) has done an audit of Nigeria's Oil and Gas industry in 2014, and a couple of observations were made. Of prominence is that…

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Opinion: We’re drinking our oil and eating our children’s future

by 'Fisayo Soyombo In 2007, the late President Umaru Musa Yar’Adua was desperate to solve a conundrum that was nearly as old as Nigeria’s independence. It was an especially recalcitrant…

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Looters

Creative industry is Nigeria’s new oil – Lai Mohammed

Minister of Information and Culture, Lai Mohammed has said the creative industry is Nigeria's new oil. Mohammed said this in Lagos on Thursday when he spoke about the Creative Industry…

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Nigeria will be so doomed in the next 10 years if we don’t stop depending on crude oil – Comedian Alibaba

by Dolapo Adelana Ace comedian, Alibaba says if Nigeria does not develop entertainment, tourism, agriculture, education, information technology, broadcasting, fashion and culture sectors in the coming years it will be…

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Osinbajo should stop coming to Ijaw land – Asari Dokubo

by Azeez Adeniyi Former militant leader, Asari Dokubo has told Vice President Yemi Osinbajo to stop coming to Ijaw land. In an interview with Vanguard, Dokubo described Osinbajo's visits as…

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Analysis: VP Osinbajo’s answers at Davos give cause for worry

by Mark Amaza For the second year running, Vice President Yemi Osinbajo led the Nigerian government delegation to Davos, Switzerland for the 2017 World Economic Forum (WEF), the yearly talk…

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We need oil to get out of oil – Osinbajo

Vice President Professor Yemi Osinbajo says Nigeria needs oil to get out of oil. Osinbajo made the remark on Monday at the presentation of three books written by Honourable Minister of…

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The challenges I met made me want to abscond – Buhari

President Muhammau Buhari says he felt like absconding when he resumed office. Buhari said this on Thursday at the State House when he received participants of the Senior Executive Course 37…

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#ForTheRecord: My father may not have died in vain | Ken Saro-Wiwa Jr on justice for the people of Ogoni

by Ken Saro-Wiwa Jr. Twenty years ago today my father and eight other Ogoni men were woken from their sleep and hanged in a prison yard in southern Nigeria. When the…

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YNaija Editorial: To a better 57th Independence Day anniversary

56 years is a lifetime in the life cycle of any nation. For one whose union has been severally tested by momentous events such as a crippling civil war, an…

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Chevron, others have a case to answer over $12.7bn undeclared crude

A Federal High Court sitting in Lagos today, September 30, 2016 struck out the preliminary objection filed by Chevron Nigeria Limited seeking to have the suit by the Federal Government…

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The YNaija Tracklist: ‘Our most valuable resource is not our oil, it is our people’ – Atiku | Dangote truck carrying Indian hemp intercepted by Police | Nigeria has nothing to celebrate at 56 – Balarabe Musa

From the papers this morning - a Tracklist. BREAKING: INEC shuts print, online journalists out of collation centre - YNaija #EdoDecides: Results to be collated on Thursday - INEC - YNaija Aisha…

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‘Our most valuable resource is not our oil, it is our people’ – Atiku

Former Vice president, Alhaji Atiku Abubakar on Wednesday said Nigeria's most valuable resource is not oil, but its people. Atiku said this as the guest speaker at the investiture of the…

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Recession will be over very soon – Adeosun

Minister of Finance Kemi Adeosun says the current economic recession in the country would soon be over. Adeosun made the disclosure on Friday in Abuja while addressing a news conference. She…

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Nigeria has a defective economic policy – Lai Mohammed

Minister of Information and Culture, Lai Mohammed on Tuesday said Nigeria has a defective economic structure, due to its over-dependence on oil. Alhaji Mohammed made the assertion at a news briefing…

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YNaija Says: Sanusi may be provincial – but everything he says is truth

To some people, Emir Muhammadu Sanusi II is a great loss to Nigeria, and to others he is a brilliant man whose bigotry lies just beneath the surface, but few…

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Nigeria better off with Lagos than with Niger Delta – Sanusi Lamido

Emir of Kano HRH Sanusi Lamido Sanusi has said Nigeria is better off with Lagos than with the Niger Delta. The Emir made the remark on his Instagram page, @sanusilamidosanusi…

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The Big 5: These are the stories you should be monitoring today

These are the top five news to monitor today 1. Nigeria lost N51 billion  to vandalism in 2015 The Nigerian National Petroleum Corporation has revealed that Nigeria lost N51.28bn to pipeline…

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The PDP has found Buhari’s sore point and they are hitting it hard

by Isime Esene Fifteen months after taking serious verbal attacks from the Peoples Democratic Party over the perfromance of the economy on Pres. Muhammadu Buhari's watch, the All Progressives Congress…

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We can overtake South Africa as the continent’s largest ICT market – SystemSpecs

The Executive Director of SystemSpecs, Deremi Atanda, has urged the Federal Government to refocus its attention on Information Communication Technology (ICT) for speedy economic growth. Atanda who was a guest…

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Opinion: The challenges new NDDC chairman, Ndoma Egba would need to overcome

by Richard Romanus It's been 16 years after the Niger Delta Development commission (NDDC)was established with a core mandate of improving social and environmental conditions of the people of Southern…

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Opinion: How agriculture and trade can drive Nigeria back to wealth

by Chiemezie Okeke-Ojiudu Nigeria is a diverse and rich nation; one with raw potential, human capacity, natural resources, fertile land and limitless possibilities. The giant of Africa as it were. Nigeria’s…

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‘I pity President Buhari’ – El-Rufai

Kaduna State Governor, Nasir el-Rufai, on Sunday, said that over seventy percent of Nigeria's oil revenue has disappeared under previous administrations without a trace due to corruption. The Governor stated…

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InCaseYouMissedIt: FG may release Nnamdi Kanu, Okah brothers

The Movement for the Emancipation of the Niger Delta (MEND), on Saturday, announced that the federal government has agreed to free Nnmadi Kanu, Obi Nwabueze, Charles and Henry Okah as well…

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