Author Archives: Chief Oyibo

Shell lifts force majeure

Royal Dutch Shell said on Monday it has lifted the force majeure on exports of Nigerian Bonny Light and Forcados crude. In January, the Anglo-Dutch oil major declared force majeure on Forcados export due to sabotage to a pipeline. A … read more

Nigeria oil reserve to last 43yrs

Nigeria�s strategic oil reserve, put at 36.2billion barrels, is expected to sustain her for the next 43 years, statistics have shown. The statistics also show that the nation has the lowest reserve life span among the members of the Organization … read more

Gunmen kidnap toddlers

Gunmen kidnapped two children belonging to a prominent former official in Nigeria’s oil city Port Harcourt on Tuesday, a military spokesman said. The children of former local government chairman Ephraim Nwuze — five-year-old Alwell and his eight-year-old sister Wisdom — … read more

Buhari Files Appeal

Former head of state and presidential candidate of the All Nigeria Peoples Party (ANPP) in the April 21, 2007 election, Major-Gen. Muhammadu Buhari, has made good its threat to challenge the verdict of the Court of Appeal, Abuja, which had … read more

Govt raises fuel import, recalls bad products

NEW measures have been introduced by the Nigerian National Petroleum Corporation (NNPC) to check the scarcity of aviation fuel (JET-A1). Instead of leaving the importation of the product to marketers, the corporation has taken over the exercise. The Guardian learnt … read more