The World Bank and International Monetary Fund, IMF, have piled pressure on the Federal Government to come up with an economic blueprint, if its drive for foreign loans was not to be stalled. Vanguard gathered that officials of both financial institutions have questioned the...
Isoko militant group, Niger Delta Greenland Justice Mandate (NDGJM) has claimed that it bombed the 32-inch Effurun-Otor delivery line operated by the Nigerian Petroleum Development Company (NPDC).
The group said in a statement signed by its spokesman. Aldo Agbalaja, that its action was in protest...
Nigerdelta; The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities of militancy groups and oil pipeline vandals in the NigerDelta region.
The Group Managing Director of NNPC, Dr Maikanti Baru, said this...
Nigeria will consider the sale of the country’s four refineries only after they have been rehabilitated to work efficiently, minister of Petroleum Resources, Ibe Kachikwu, has said.
Kachikwu said yesterday at a public presentation of short and medium term priorities to grow Nigeria’s oil and...
The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed.
He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the complexities of the sector.
Dangote made...
…FG targets 2.2mbd oil output by 2017
…To strip states of 13% derivation proceeds;
plans $10bn N-Delta infrastructure fund
…Explains why refineries won’t be privatised;
Says NNPC corruption allegations are overblown
Despite the crash in the prices of crude oil in the international market, President Muhammadu Buhari, yesterday, stated...
