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Hon. Rotimi Amechi “Government must not be for one section of the Society.It must be for the rich and the poor,emphasizing the upliftment of the poor...”
Nigeria serves as a hub for oil and gas exploration, production and services in the West African Gulf of Guinea region. The establishment of the Joint Development Authority (JDA) to manage oil and gas resources in the joint development zone between Nigeria and Sao Tome and Principe offers tremendous investment opportunities. Since the first deep-water [...]
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Lamorde, says the commission is waiting for the reports of the senate and the House of representatives investigating the alleged N1.3 trillion spent on fuel subsidy last year by the federal Government. Lamorde told a delegation from civil society organisations led by African [...]
President Goodluck Joanthan last week inaugurated the governing board of the subsidy Reinvestment and Empowerment Programme (SURE) led by the former Nigerian High Commissioner to the United Kingdom (UK), Dr. Christopher Kolade with an explanation that a template that could lead to a full-blown deregulation is yet to be implemented by the federal government. He [...]
Orient Petroleum Resources Plc is to commence the production of crude oil any moment from now in Anambra State bringing the state into the league of oil producing states in the country. The company is set to start production of crude in a couple of weeks marking the first time crude oil is produced in [...]
A group of civil society organisations has called for the promulgation of a law to compel the Nigerian National Petroleum Corporation (NNPC) to publish its statement of accounts annually. The forum which attracted participants from the petroleum and natural gas Senior Staff Association of Nigeria (PENGASSAN), Publish what you pay and African Network Environmental and [...]
The Founder/Executive Director, Niger Delta Sustainable Development Initiative (NDSDI), Chief Sunnie Chukumele has called on the Federal Government to subsidise gas resources to make it more available and affordable for Nigerians. Chief Chukumele who made the call during an interview with The Tide in Port Harcourt said the government had over the years showed lack [...]
The Acting Governor of Bayelsa State, Chief Nestor Binabo, has directed the State Ministry of Energy to acquire more land within two weeks to expand the operations of the Glory Power Company Limited. Binabo gave the directive when he paid an unscheduled visit to the company, located at Imiringi in Ogbia Local Government Area of [...]
Residents of Lagos State now queue at their respective local government secretariats to buy kerosene through the Kero-Direct initiative. The Tide correspondent reports that the initiative came from the Nigeria National Petroleum Corporation (NNPC) to sell the product to consumers directly through the NNPC/Capital Oil and Gas. Mr Ifeanyi Ubah, Managing Director of Capital Oil [...]
The Standards Organisation of Nigeria (SON) recently announced, its readiness to fight against adulteration of petroleum products. Its Director-General, Dr. Joseph Odumodu who disclosed this at a media briefing in Lagos explained that the exercise which is aimed at curbing adulteration of petrol and diesel would begin with the testing of petroleum products in the [...]
Brent Crude is expected to average 105 dollars per barrel in 2012 lower than 2011’s 111 dollars on worries about the impact of the euro zone on economic growth, said Reuters poll. It rose above 109 dollars a barrel late December as China’s manufacturing activity expanded slightly, lifting hopes of higher oil demand and as [...]
