Tag: crude oil

Adeleke declared winner #OsunDecides2022; ASUU: NLC set to embark on nationwide solidarity strike | 5 Things That Should Matter Today

Adeleke declared winner #OsunDecides2022ASUU: NLC set to embark on nationwide solidarity strikeWAFCON2022: Super Falcons set to battle Morocco in RabatCrude Oil prices climb above $100 againYakubu Maikyau elected as president…

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Niger Delta militants

Maybe it’s time to finally address the injustices faced by the Niger Delta

In a viral video posted by AIT on Twitter, a militia group from the Niger Delta known as the Supreme Egbesu Liberation Fighters can be heard highlighting their grievances around…

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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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“Very soon, Nigeria will drink her crude oil” – Ezekwesili

A former minister of education, Oby Ezekwesili has warned against the continued dependence on oil for revenue. Ezekwesili said this while speaking on Tuesday at the 2017 civil engineering conference…

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Crude oil “is getting its last years” – Kachikwu

The Minister of State for Petroleum Resources, Ibe Kachikwu says will no longer be an income resource in 10 years’ time - considering the world is moving away from oil. Dr Kachikwu said…

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Nigeria’s oil will no longer be profitable in a few years – Osinbajo

Vice-President Yemi Osinbajo on Tuesday said Nigeria's crude oil will no longer be highly useful in the future. He spoke during the Second National Council on Niger Delta, NCND, meeting…

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Forged crude oil allocation letters in circulation – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said some fraudsters are circulating forged letters of crude oil allocation with the intent of defrauding unsuspecting buyers or members of the…

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Mini refineries will be legalised, supplied with crude oil – FG

Nigeria will reportedly legalise currently outlawed mini refineries in the Niger Delta oil hub by the end of 2017, and supply them with crude at a reasonable price. The presidency…

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Waziri Adio: The need to stop eating with ten fingers

by Waziri Adio A popular saying admonishes us not to eat with ten fingers. This axiom is not a homily about table manners. It is a metaphor about the virtue…

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$15bn worth of crude excluded in NNPC’s report, Reps insist

The House of Assembly on Monday insisted that crude oil worth $15bn was excluded in the report of the Nigerian National Petroleum Corporation for its 2011 to 2014 transactions. The…

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Opinion: The Niger Delta mentality that must go

by Owutu TamaraKuro Like lots of Nigerians, I read about the arrest and subsequent prosecution of Mr George Turner, a former special adviser to Dan Abia, erstwhile managing director of…

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IBB university discovers crude oil deposit in Bida basin

by Azeez Adeniyi The Head of Research and Development, Ibrahim Badamasi Babaginda (IBB), Niger State Prof. Nuhu Obaje, on Thursday said the institute has discovered large quantity of crude oil…

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Doyin Okupe

Save the Naira by adopting Jonathan’s crude oil swap, Okupe advises Osinbajo

Former media aide to ex-President Goodluck Jonathan, Doyin Okupe has advised acting President Yemi Osinbajo to adopt the crude-oil-swap arrangement to further strengthen the Naira. The arrangement was adopted by…

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JTF impounds 1,750 tonnes of illegally refined crude oil

by Azeez Adeniyi The Joint Task Force in the Niger Delta, Operation Delta Safe said it has destroyed three illegal oil refineries in Delta and Rivers states. Spokesman, Joint Media…

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Analysis: Just how feasible are Osinbajo’s plans to work with illegal refineries?

by Mark Amaza On the Port-Harcourt leg of his Niger Delta tour, Acting President Yemi Osinbajo disclosed the intentions of the Federal Government to work with illegal refiners of crude…

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Analysis: What is the real significance of Osinbajo’s Niger Delta tour?

by Mark Amaza For the past few weeks, Acting President Yemi Osinbajo has been on a fact-finding tour of the Niger Delta region with the objective of obtaining first-hand information…

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[The Presidential Blog]: VP Osinbajo embraces Okorocha in Imo (PHOTOS)

As part of his ongoing tour of the oil producing communities in the Niger Delta, the Vice President has just arrived in Imo State and is currently meeting with the…

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Militancy preventing Nigeria from producing 3 million barrels of crude per day – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has stated that the Niger Delta region can produce three million barrel of crude oil per day. Kachikwu stated this at a…

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FG confirms discovery of oil in Borno

The federal government says it has discovered crude oil in Borno. Permanent secretary, Ministry of Petroleum Resources, Dr. Jamila Shua’ra, made the disclosure on Thursday during her welcome address at…

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FG to build 1,000km oil transport pipeline from Niger Republic

The Federal Government is planning to construct a 1000-kilometer crude oil pipeline in Kaduna State to import oil from the Niger Republic. This was revealed by Maikanti Baru, Group Managing…

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Opinion: Reactions to Trump’s Presidency – focus on Nigeria

by Ebuka Emebinah The election of Donald J. Trump on 9th November 2016 sent shock waves around the world. I like most Nigerians supported and rooted for Hillary instead of Trump…

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Cheta Nwanze: Dear Niger Delta, you have no leaders

by Cheta Nwanze So many watched the meeting between President Buhari and the "leaders" of the Niger Delta yesterday with keen interest. Like many, I was gobsmacked by the outcome.…

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BLOOD MONEY X : The gift is a curse

Last month, YNaija.com launched its Monthly Citizenship Dispatches, which explores in detail, the lives and realities of Nigerian citizens across the country. This month, the dispatches come from the Niger…

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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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Waziri Adio: Recession as opportunity for reversing resource curse

And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so…

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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: Agricultural revolution – Time to make a bold move

By Adekunle Smart Renowned physicist and Nobel Laureate, Albert Einstein once quipped, “In the middle of difficulty, lies opportunity.” A careful consideration of Nigeria’s current economic meltdown reveals the truth…

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Crude oil production begins in Lagos

Oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has began the production of crude oil from the Aje Field located in Block OML 113, offshore Lagos. Aje is an offshore…

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Reuben Abati: Confronting the curse of oil… and the failure of Nigerian leaders

The monthly Federation Accounts Allocation Committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in hand, asking for their share of…

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FG to break NNPC into 30 companies [DETAILS]

The Minister of state for Petroleum Resources and the Group Managing Director of Nigerian National Petroleum Corporation, Ibe Kachikwu, says the NNPC would be restructured and divided into 30 companies…

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