Oil

December 23, 2013

10 things you SHOULD know from Pres. Jonathan’s open letter to OBJ

by Oge Okonkwo The much awaited reply from President Jonathan in response to ex-president Obasanjo’s letter written to him over a fortnight ago has arrived and its open letter for open letter. After going through the letter from Jonathan, here are the 10 things we learnt: 1. President Jonathan was as reluctant as Iyabo Obasanjo... Read More

December 22, 2013

“Dear Obasanjo, your argument is baseless…”: President Jonathan replies OBJ’s open letter and it’s game on (READ)

by Isi Esene After a long wait presumably to consult with his advisers on how best to tackle his frosty relationship with ex-Presiddent Olusegun Obasanjo, incumbent President Goodluck Jonathan has decided to respond the former, open letter for open letter. Jonathan took exception to the upbraiding by the former president saying his argument his misplaced... Read More

December 22, 2013

Bayelsa community abandon homes after oil spillage

by Akintomiwa Agbaje The Ikarama people of Yenagoa Local Government Area of Bayelsa have abandoned their homes due to another Shell spillage. This is a desperate move to avert possible health hazards from prolonged exposure to the spillage. According to residents of the affected area, they decided to move after a reported delay in cleaning... Read More

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December 13, 2013

Opinion: The NNPC is simply a metaphor for impunity, something has to be done

by Jaye Gaskia What is the annual budget of the Federal Ministry of Agriculture [Less than N90bn] for example? What is the annual budget of Ekiti, or Osun, or Taraba, or Cross River states for example? Less than N120bn! Yet by some calculations, we lost N5.2tn to corruption and leakages in just 2 years [June... Read More

corruption, funds, impunity, Jaye Gaskia, metaphor, NASS, nnpc, Oil, opinion, ynaija

November 11, 2013

Opinion: The blessing of oil – A peculiar mess

by Les Leba Worse still, government’s attempt to support the poor with over 50% subsidy on kerosene prices has been largely undermined, as NNPC’s porous regulatory structures and systems appear to deliberately create huge opportunities for excessive profiteering, in its partnership with fraudulent fuel importers! Our parlous economic predicament is generally regarded as a “resource... Read More

blessing, government, Les Leba, Oil, opinion, subsidy, ynaija

October 17, 2013

Top 15 strategies to live a healthier life

by Varun Swasthi Color Your Diet. No, not with Margaritas or Bloody Marys. We’re talking veggies and fruits. 1. Start Your Day Smart Instead of checking mails or messages on Whatsapp, try something better. Read the newspaper, do some stretches or invest time in a healthy breakfast. It will not only make you. It will not only... Read More

bean, colour, condiment, diet, grains, healthier, heart, life, Live, Oil, omega, plate, portions, strategies, water

October 8, 2013

Femi Aribisala: Planning for a Nigerian future without oil

by Femi Aribisala When Nigeria finally acquires the capacity to exploit fully its oil resources domestically in the promotion of its own development, it would have depleted those resources to a considerable extent. It cannot even be ruled out that Nigeria may end up by having to import energy from the very countries to which... Read More

boom, economy, Femi Aribisala, France, nigeria future, Oil, ynaija

September 24, 2013

CSR-in-Action promotes transparency and effective policy implementation within the Nigerian Extractive Industries

by Akintomiwa Agbaje In a bid to sustainably promote unity through collaborative action, accountability and transparency within the extractive industries, CSR-in-Action in partnership with Business Day Newspapers, is pleased to announce dates for its annual seminar – Sustainability in the Extractive Industries™. This seminar with the sub-theme – Policy, Affirmative Action and Sustained Growth... Read More

September 10, 2013

Opinion: Oil spills in the Niger Delta – The position of the law

by Egoyibo Okoro The repercussions of these unchecked oil spills are catastrophic. Arable land is left infertile, aquatic life destroyed, host communities livelihoods snatched away and their lives rendered at risk, health wise. Historically, oil existed as far back as 2,000 years BC. Noah in building his ark, used tar (a product of petroleum) to make... Read More

British Petroleum Company, Delta, Egoyibo Okoro, Food, government, law, livelihood, Niger Delta, Oil, Rivers, Shell, Shell Petroleum Company, spill, UNEP, villages

September 3, 2013

Mondiu Jaiyesimi: Key players in the global gas market – Facts and analysis (Y! Policy Hub)

by Mondiu Jaiyesimi Natural gas releases 30% and 40% less carbon dioxide than crude oil and coal respectively which makes it a more efficient option for consumers and policy makers. The global economy is fast becoming aware of the importance of energy efficiency and the negative impact of carbon emission. This is one of the... Read More

Algeria, Energy, Fuel, Mondiu Jaiyesimi, natural gas, nigeria, Oil, oli and gas, shale gas, Turkmenistan, USA, Y! Policy Hub

August 31, 2013

Opinion: Corruption and impunity of Nigerian leaders – Resistance makes the difference

by Jaye Gaskia And on top of this, the chair of the NNPC board who is also the Minister of Petroleum resources is sitting firm in office! No one has taken responsibility! No one thinks they owe us an explanation much less retributive punishment; NO ONE GIVES A DAMN! Where people have struggled ceaselessly for... Read More

dont give a damn, Jaye Gaskia, Minister, mob, nnpc, Oil, opinion, President Goodluck Jonathan, uk, ynaija

August 15, 2013

9 things you should be aware of when pregnant

by Jordin Keim One of the things you should be aware of when pregnant is how boring it can get to drink your required amount of water to keep you and baby hydrated. There are so many things you should be aware of when pregnant that one list could hardly cover all topics! But these... Read More

almond, aware, birth, breastfeeding, chiropractor, haircut, Oil, pregnant, snoring, things, underwire

August 14, 2013

Opinion: Encouraging local crude oil refining in the Niger Delta

by Akanimo Asuquo Sunday Government should be innovative and ingenuous in formulating policies that regulate the extractive industries. Home made policies regarding the extracting of our natural resources should be considered against the present practice of copying hook, line and sinker, what obtains in other climes In the creeks of Brass,Escravos,Ogoniland,Akassa and other riverine communities... Read More

Akanimo Asuquo Sunday, Illegal refining, Joint Tsk Force (JTF), liquor, Niger Delta, nigeria, nnpc, Oil, Petroleum Industry Bill (PIB), petroleum products

Opinion: Confronting inter-regional disparities in Nigeria

by Ayo Teriba States/regions included in the growth processes are getting rich, just as those excluded from the growth processes, remain poor. Regions can now easily be grouped into the haves and the have-nots. If this trend continues, the rich states/regions will get richer, and the poor, poorer. From 19 states in 1980, the next... Read More

Ayo Teriba, crisis, economy, FCTT, north, Oil, opinion, Production, railway oil, south east, South West, South-south, states, transformation, ynaija

Simon Kolawole: Look very well before you leap

by Simon Kolawole President Goodluck Jonathan has spoken a lot about the need to focus our energies on agriculture. Ministers are reciting this like nursery rhyme. Governors have been quoting it like a proverb. At the level of talking, we have done extremely well. Can you believe it? Some readers actually thought I was taking... Read More

Child Marriage Bill, economy, look, national assembly, Oil, petrodollars, President Shehu Shagari, Presidnent Goodluck Jonathan, simon kolawole

Opinion: Jonathan, Amaechi feud and America’s grand conspiracy

by Dare Adenrele America are up there watching and fuelling the burning fire through whom we do not know. Don’t be surprised to see the extent this political crisis would degenerate to… A reminder to Nigerians: Let us all refresh our memories to a release by the United State of America two years ago that... Read More

2015, Amaechi, America, colonisation, crisis, jonathan, nigeria, Oil, Sule Lamido

Simon Kolawole: We’d soon start drinking our oil

by Simon Kolawole I am not interested in who is the chairman of governors’ forum or Speaker of Rivers House of Assembly. That will not reduce the price of garri. In my list of priorities, I am more worried about the looting and incompetence going on at all levels of government. Did you watch the... Read More

Evans Bipi, House of Assembly, nddc, ngozi okonjo iweala, Niger Delta, nigeria, Oil, OPEC, Otelemaba Amachree, Rivers, Rotimi Amaechi

“Every single person in oil was cast as a criminal” – Y! speaks to Sahara Energy boss, Tonye Cole

by Adebola Williams In this Y! magazine interview, oil mogul and former ministerial nominee, Tonye Cole – of Sahara Group – speaks about the industry, his beginnings, NIgeria, and more… What is your reaction to the fuel subsidy probe that was carried out last year? I don’t know. Hmm, first of all, do I have... Read More

adebola williams, Goodluck Jonathan, nigeria, Oil, Tonye Cole

Chukwuma Soludo: Learning the wrong lessons of development

by Chukwuma Charles Soludo An important lesson of development is that countries which made it had bold, innovative thinkers as policymakers — those I describe as entrepreneurial policymakers with high execution capacity. One of the asymmetries of globalisation is that whereas productive assets (highly skilled labour and capital) are mobile across boundaries, it is still... Read More

.US, africa, Charles Soludo, China, development, Indonesia, japan, malaysia, nigeria, Oil, singapore, south korea, WTO

The woman working to clean up Nigeria’s dirty oil, The Independent profiles Diezani Alison-Madueke

by Nick Kochan Mrs Alison-Madueke, the daughter of a tribal chief, is seen as Africa’s oil tsar. Well-resourced gangs are diverting some 10 per cent of Nigeria’s oil production and channelling the money into kidnapping, piracy and terrorism. The result is not only funds lost to the country’s exchequer but also devastating damage to the environment... Read More

BP, community, Diezani Alison Madueke, independent, kidnap, Minister, nigeria, Oil, Pollution, Shell

N59 trillion oil deal: House of Representatives set to probe Diezani, NNPC

by Ogunyemi Bukola The Nigerian National Petroleum Corporation (NNPC), has come under scrutiny from the House of Representatives over the sale of seven oil blocks in a deal valued at N59 trillion. There are suspicions that the sale of the seven oil blocks, located in Delta State and formerly operated by the Shell Petroleum Development... Read More

Diezani Alison Madueke, House of Representatives, nnpc, Oil

Editi Effiong: On oil theft, NOI and GEJ need to stop whining

by Editi Effiong In 1992, a Glencore oil trader got off the plane in Lagos with a briefcase filled with millions of dollars. His mission: meeting with a Niger Delta strongman who had promised a secure delivery of an endless flow of stolen sweet crude. Late that evening, the strongman appeared at the hotel, and... Read More

Editi Effiong, GEJ, nigeria, NOI, Oil, Oil theft, Okonjo-Iweala, Politics

Temie Giwa: The oil masters (Y! FrontPage)

Were the representatives aware of how much the delay of the PIB will cost Nigeria? How is it that they have been complicit in deferring the passage of the bill until Nigeria has lost all investment in the oil sector? Was this their goal all along? Who is the enemy of the Nigerian people? During... Read More

lawan, Masters, Oil, PIB, Temie Giwa

“Hustle must continue”: Psquare ventures into oil business? (SNAPSHOT)

by Idoreyin Sampson Peter Okoye, one of the international music sensation, Psquare posted on Instagram photos of he and his twin brother, with some police officers, in what appears to be a tank farm with the caption, “Hustle must continue….Oil business tinz”. He posted another with the caption, “More business #oilsector”. [READ: Aww, so pretty: SEE... Read More

Business, hustle, Oil, P-square

Simon Kolawole: Repent… for the end is nigh!

by Simon Kolawole The end of oil boom seems nigh, expect things change rapidly. We are faced with the prospects of low investment, depleting reserves, global production glut, reduced exports and sustained drop in crude oil prices. Our leaders, especially the president and the governors, must repent. Let me scare you a bit – crude... Read More

economy, Muhammadu Buhari, nigeria, Oil, shehu shagari, simon kolawole, U.S.

February 19, 2013

Opinion: Energy independence and Nigeria’s economy

by Abubakar Abdullahi “Like any business, the oil industry runs on the basic premise of supply and demand. The more supply – the lower the price. The higher the demand – the higher the price. In other words, the more people who can buy oil, the higher the price” – Ron Wyden. As major oil importing... Read More

Abdullahi Abubakar, Energy, independence, nigeria, Oil

February 1, 2013

We watch closely: NEITI begins audit of oil states’ allocations

by Ebere Agina The Nigeria Extractive Industries Transparency Initiative (NEITI) has commenced the audit of physical allocations and statutory disbursement of the extractive industry from 2007 to 2011 with an initial focus on the nine oil-producing states. This audit is coming in line with the decision of the Federal Executive Council at its November 28,... Read More

Abia, Akwa Ibom, Bayelsa, CBN, Cross River, Delta, Edo, Imo, nddc, NEITI, Oil, Ondo and River, PTDF, Zainab Ahmed

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