by Isi Esene There was frenzy in Kuje Market, Abuja yesterday as residents of the area pointed to an ‘oil well’ where an unidentified combustible substance was being scooped. An eyewitness said, “Someone scooped water from the well and it turned out to be inflammable… something like kerosene and people started scooping and putting into... Read More

Abuja, Kuje Market, nigeria, Oil, police, well

January 10, 2013

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Olusegun Adeniyi: The powerful forces against the PIB

by Olusegun Adeniyi The problem, however, is that after 12 years spanning three different administrations, there are powerful forces now bent on scuttling the passage of the bill which has in itself undergone serious metamorphosis. Following the passage of the 2013 Appropriation Bill last December, a public commentator, Mr. Igboka Uwadiegwu, wrote: “Nigeria’s national budget... Read More

nigeria, Oil, Petroleum, PIB

December 24, 2012

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Photo of the Day: For my yam? It’s no release, no surrender

by Isi Esene This man shall NOT in any way be separated from his Christmas feast. We bet trying to wrest that yam away from him will not be an easy task going by his tight (loving) hug to the tuber. What Nigerians will do for a Merry Christmas. – This photo was sent... Read More

christmas, feast, Oil, rice, Yam

November 10, 2012

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Temie Giwa: The kabal and their overlord (YNaija FrontPage)

I have news for Mr. President; the Nigerian people do not find these findings “incomplete or useless”. It confirms all that we have suspected about his administration since the beginning. It confirms the rot and the systemic waste of public resources while the majority of Nigerians can barely make ends meet on $2 a day.... Read More

#OccupyNigeria, crude oil, fuel subsidy protest, nnpc, Oil, Temie Giwa

October 24, 2012

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Japheth Omojuwa: The US, Nigeria’s oil and signs of the last days (YNaija Frontpage)

It is good news for the world, it is a disaster for oil dependent mono-economies. A country cannot be more dependent on one source of income like Nigeria is on oil. One Newspaper headline had it like this yesterday ‘Anxiety as Nigeria’s crude oil export to U.S. slumps.’ This is not what those in... Read More

China, economy, Germany, nigeria, Oil, Petroleum, Shell, Vitol

September 18, 2012

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Go, Naija, Go! Nigerian firm begins oil drilling in Iraq

by Stanley Azuakola Show me a place where you won’t find Nigerians living and actively pursuing their livelihoods, and I’ll show you … the Bermuda Triangle – and even then, who knows? Iraq might be troublesome and unstable, but not enough to stop a Nigerian firm, Afren, which says it has commenced oil exploration at... Read More

drilling, Iraq, nigeria, Oil

September 14, 2012

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Case Closed: Attorney General says no re-opening of onshore-offshore oil debate

by Isi Esene The Attorney General of the Federation (AGF), Mohammed Bello Adoke yesterday put closure to the issue of onshore-offshore dichotomy in the allocation of derivation proceeds in the country. Adoke said the issue had been decided upon by the Supreme Court in 2005 warning politicians to stop seeking a re-opening of the finalised... Read More

AGF, Attorney General of the Federation, Francis Fedode Emomotimi Tabai, G.A. Oguntade, Mohammed Bello Adoke, offshore, Oil, onshore, supreme court

August 20, 2012

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Charles Soludo: Nigeria – Where is the new economy?

In 40 years, Nigeria’s population will be approaching 400 million – if you believe the population figures. Before then (29 – 40 years), Nigeria’s oil would have finished. So far, we have earned over $600 billion from oil since 1973 but cannot guarantee any of the basic necessities to the citizens – food, water, good... Read More

Charles Soludo, economic growth, nigeria, Oil

July 17, 2012

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Beware of fake PIB in circulation – FG

by Isi Esene The federal government might as well hang a “Beware of fake Petroleum Industry Bill” on its doors as it recently distanced itself from the PIB reported to be currently in circulation. It described the bill as “fake, lacking in merit and authenticity”. This presidential spokesman, Reuben Abati, released a statement to this... Read More

Oil, petroleum industry bill, PIB

July 13, 2012

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Alibaba: We have lost our educational values and expectedly, our future

And if our future is standing on oil… It’s a slippery future if you ask me. It was sometime in 1995, that it first hit me that we, as Nigerians, had lost our educational values and expectedly, our future. I had observed it and tried to put it in perspectives, but the more I tried,... Read More

ali baba, history, nigeria, Oil, Politics

June 28, 2012

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Opinion: A country hijacked by cabals

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

boko haram, Cabal, Goodluck Jonathan, nigeria, nnpc, Oil, trouble

June 28, 2012

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Opinion: How Obasanjo underdeveloped Nigeria

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

Bribery, extra judicial killings, nigeria, nnpc, Obasanjo, Oil, schools, World Citizen

June 27, 2012

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Taking 419 to the big leagues: firms offer up to $10 million discounts on Nigerian oil

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

419, bunkering, Change, Fraud, illegal, nigeria, nnpc, Oil, scam

June 23, 2012

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Dele Momodu: How they catch monkeys in Nigeria

by Dele Momodu Fellow Nigerians, if you missed last week’s Pendulum you’ve missed something atavistic. Titled ‘How They Catch Monkeys in Brazil’, the article generated so much controversy all through the week. It was certainly a prelude to the unfolding tragic saga of the most outlandish bribery scandal in Nigeria. What made it so scandalous... Read More

brazil, bribe, campaign, Dele Momodu, farouk lawan, fresh air, fuel subsidy, jonathan, monkeys, odu, Oil, otedola, pendulum

May 22, 2012

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Court Documents: FG paid disgraced former petroleum minister Dan Etete N155 billion

by Tolu Orekoya The Federal Government of Nigeria might once again be embroiled in a billion dollar scandal. According to a suit filed in US court, the FG paid out $1.1 billion to Malabu Oil, a company owned by disgraced former Minister for Petroleum Dan Etete. Etete who has been convicted for money laundering in France... Read More

.US, 1 billion dollars, dan etete, daniel, GEJ, malabu oil, N155 billion, new york, Oil, President Goodluck Jonathan, Shell, supreme court, uk

March 20, 2012

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“This is imperative” – FG to invest $150 billion in Oil & Gas industry

by Lekan Olanrewaju The President on Friday commissioned three wellhead platforms for the Nigeria National Petroleum Corporation (NNPC) and Mobil. The wellhead platforms were built by Nigerdock Nigeria Plc at its Snake Island Integrated Free Zone facility in Lagos and are intended for use at Mobil offshore oil fields. They are expected to result in an output... Read More

Federal Government, Gas, GEJ, Oil

January 16, 2012

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95% of factories shut down, $34m-a-day losses & More: The last NUPENG/PENGASSAN strike

By Joachim MacEbong Following the government’s refusal to revert to the status quo of N65 per liter of petrol after removing subsidies on January 1st, and after a number of meetings with the NLC that were unable to reach a compromise, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatened to join... Read More

nlc, NUPENG, occupy nigeria, Oil, PENGASSAN

January 12, 2012

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We’re In! PENGASSAN Finally Set To Join Labour Strike

Recent rumblings about plans by Nigeria’s major oil union to wade into the fray and join the ongoing protests by organised labour and civil society groups have been confirmed. In a statement issued by the union’s president, Babatunde Ogun, “We are hereby notifying the Federal Government of Nigeria … that PENGASSAN (The Petroleum and Natural Gas... Read More

Federal Government, nigeria, nlc, occupy nigeria, Oil, PENGASSAN, Protests

Oil well: Was crude oil found in Kuje, Abuja? – See Photos

Olusegun Adeniyi: The powerful forces against the PIB

Photo of the Day: For my yam? It’s no release, no surrender

Temie Giwa: The kabal and their overlord (YNaija FrontPage)

Japheth Omojuwa: The US, Nigeria’s oil and signs of the last days (YNaija Frontpage)

Go, Naija, Go! Nigerian firm begins oil drilling in Iraq

Case Closed: Attorney General says no re-opening of onshore-offshore oil debate

Charles Soludo: Nigeria – Where is the new economy?

Beware of fake PIB in circulation – FG

Alibaba: We have lost our educational values and expectedly, our future

Opinion: A country hijacked by cabals

Opinion: How Obasanjo underdeveloped Nigeria

Taking 419 to the big leagues: firms offer up to $10 million discounts on Nigerian oil

Dele Momodu: How they catch monkeys in Nigeria

Court Documents: FG paid disgraced former petroleum minister Dan Etete N155 billion

“This is imperative” – FG to invest $150 billion in Oil & Gas industry

95% of factories shut down, $34m-a-day losses & More: The last NUPENG/PENGASSAN strike

We’re In! PENGASSAN Finally Set To Join Labour Strike

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