Tag: Oil

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…

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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.…

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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…

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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,…

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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…

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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,…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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