Tag Archives: Petroleum product

Nigeria: Fuel Scarcity – Any End in Sight?

September 20, 2012 by IndepthAfrica

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 »

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Oil subsidy probe: Minister blames it all on Yar’Adua

May 22, 2012 by IndepthAfrica

Rules out imminence e of full subsidy removal The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, yesterday said the Farouk Lawan-led House of Representatives ad hoc committee, which probed the oil subsidy, was unfair to her. The minister said it … read more »

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Nigeria seizes ship with stolen oil

November 1, 2011 by benim

Yenagoa – Nigeria’s military said on Monday it has seized a ship laden with 5 000 tons of stolen oil and 30 barges amid rising cases of crude theft in one of the world’s main oil producing regions. The spokesperson … read more »

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9 get 90yrs each in Nigeria for oil theft

October 25, 2011 by benim

Abuja – Seven Nigerians and two Ghanaians have each been sentenced to 90 years in prison for oil theft and illegal refining, an organised underground industry that costs Africa’s largest oil exporter hundreds of millions of dollars a year. Nigeria’s … read more »

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