Tag Archives: NNPC

Nigeria: The Cost of Governance: Petroleum Products Pricing Regulatory Agency

By Nasir Ahmad El-Rufai In December last year, the National Assembly Joint Committee on Petroleum (Downstream) asked the Petroleum Products Pricing and Regulatory Agency (PPPRA) to justify the N5.7bn budget for overheads and personnel for its staff of 249 for … read more »

Posted in Article, Nigeria, Op-ed, West Africa | Tagged , , , , , , , , | Leave a comment

Nigeria: Petrol and the Looming Catastrohpe

by Olusegun Adeniyi Scores of pipelines vandals lost their lives at the weekend at Arepo Village in Ogun State, following an explosion which occurred as they struggled to siphon fuel. According to media reports, it all started with an argument … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , , | Leave a comment

Lagos Pipeline explosion: Many injured in stampede

Residents of Ijedodo community in Ojo Local Government Area of Lagos State have continued to flee the community in droves, following Monday night pipeline explosion that rocked the community. They took the option of relocating from the community when they … read more »

Posted in Nigeria, West Africa | Tagged , , , , , , , , , , , | Leave a comment

Nigeria: A Nation full of Bribery and Corruption!

by Alam-hajim Ezeugoh Go to NNPC, the language there is bribery, and the bribe runs into millions of dollars, Go to the Bank and see how the Banks abate money laundering. Go to customs where a controller planted bottle; Nigeria … read more »

Posted in Article, Nigeria | Tagged , , , , , , , , | Leave a comment

Nigeria: Corruption did not begin with Jonathan’s government

Corruption did not begin with President Goodluck Jonathan’s government. But, at the current rate, corruption would kill Nigeria on his watch. By a number of credible accounts, more than $500 billion (N80 trillion) has been stolen from Nigeria’s public coffers … read more »

Posted in Article, Nigeria | Tagged , , , , , , , | 2 Comments

Nigeria’s Economic Reforms in Trouble?

by John Campbell Africa Confidential published on October 5, a clear-eyed analysis of the challenges facing Nigeria’s economic reformers and concludes that those blocking reform “are winning hands down.”  Central Bank Governor Lamido Sanusi states publicly that oil theft is … read more »

Posted in Article, John Campbell, Nigeria | Tagged , , , , , , , , , | Leave a comment

Nigeria: Fuel Scarcity – Any End in Sight?

By Ben Ndubuwa, Leadership opinion The current fuel scarcity which NNPC thought it could contain now seems intractable as marketers insist that the federal government pays their subsidy reimbursement. The Jetty and Petroleum Tank Farm Owners of Nigeria (JEPTFON) who … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , | Leave a comment

The perambulation continues in Nigeria’s oil sector

Uche Igwe I was invited to a roundtable on the Nigerian Petroleum Industry Bill organised by the Africa Studies Department of the Johns Hopkins University in Washington DC on the 3 November 2010. During the panel discussion, I alerted the … read more »

Posted in Article, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria oil bill waters down its reforms – Analyasis

Nigeria’s long-awaited oil law, when it finally comes, looks likely to be a botched job that gives favourable tax terms to foreign oil firms while doing little to satisfy calls fo transparency and reform of a corrupt and wasteful sector. … read more »

Posted in News, Nigeria, Spotlight, West Africa | Tagged , , , , , , , , , , , , , , , | 3 Comments

INSIGHT: Nigeria oil corruption highlighted by audits

Jolted by a public outcry since the start of the year, Nigeria’s government has announced a series of measures to address oil industry corruption in the world’s eighth biggest producer. It is an issue that may come to define Goodluck … read more »

Posted in Miscellaneous, Refugees/Migrants, Special Reports | Tagged , , , , , , , , , , , , , | Leave a comment

Nigeria signs gas supply deals

Nigeria on Friday signed two gas supply agreements with the state-run electricity company PHCN and other stakeholders to boost power supply. Nigeria currently produces an average of 3,500 megawatts. South Africa, another continental powerhouse, produces more than 43,000 megawatts of … read more »

Posted in Business, Economy, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment