News

Government raises panel on Niger Delta

The federal government, in keeping with its efforts aimed at strengthening the gains of the just concluded amnesty process, yesterday inaugurated a presidential committee and four sub-committees for the Niger Delta. The committees include the Presidential Committee on the modalities … read more

NLC rejects fuel price hike

Labour stood firm last night against deregulation. Nigeria Labour Congress (NLC) leaders rose from a crucial meeting in Abuja, saying no to fuel price increases – the likely fallout of a deregulated downstream sector of the oil industry. They set … read more

Allied Energy start up Oyo oilfield

The Nigerian company Allied Energy and Italian oil and gas major Eni (ENI.MI) have started pumping oil from Nigeria’s offshore Oyo oilfield with an initial output of about 25,000 barrels per day (bpd), Eni said on Tuesday. Eni, which has … read more

600 illegal oil refineries destroyed

Nigeria’s military has destroyed about 600 illegal oil refineries in the Niger Delta and arrested seven oil thieves, the military said on Tuesday. Details of the refineries were not immediately available, but industry officials said they could be makeshift structures … read more

NAMA Probes Lagos Radar Failure

Despite claiming ignorance of the near air disaster of last Sunday, the Nigeria Airspace Management Agency (NAMA) has launched an investigation into what led to the temporary breakdown of the radar at the Murtala Muhammed International Airport, Lagos (MMIA). Many … read more

Fuel scarcity cripples businesses nationwide

ANOTHER round of fuel scarcity became apparent nationwide, Monday, 10 days to Christmas, leaving commuters stranded, businesses paralysed and Nigerians fleeced at the few filling stations where the product was available. Checks revealed that in view of the current realities, … read more