For years, Patrick Mbeh lived in fear of a fire disaster. His house, number 122, Lawanson Road in Lagos, is located beside a filling station. In the evening of Thursday, January 29, 2016, Mike’s fears were confirmed when the MRS filling station along the popular Lawanson road went up in …
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The Federal Government has approved the payment of N413 billion ($2.1 billion) to oil marketers as outstanding payment for fuel subsidy claims, the NNPC has disclosed. The Federal Government of Nigeria has not made payment to oil marketers since July, 2015, it was learnt. Buhari According to the management of NNPC, …
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Revenues from Nigeria’s oil sales declined by over two-thirds between September last year and July this year with “dire consequences” for Africa’s largest economy, the Nigerian National Petroleum Corporation has said. “The receipts witnessed a sharp decline of more than 67 percent from September 2014, when the receipt was at …
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Three more ministers of ex-president Goodluck Jonathan risk arrest for graft and money laundering following Diezani Alison-Madueke’s arrest in London on Friday for alleged financial sleaze. A source in one of the anti-graft agencies under anonymity said Alison-Madueke is “just one of the few cases of ex-ministers under investigation.” …
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President Muhammadu Buhari on Tuesday named himself as Nigeria’s petroleum minister. Buhari said he would personally head the Ministry of Petroleum Resources in the new cabinet,although there would be a Minister of State for Petroleum Buhari Addressing some select reporters in New York on Tuesday, after addressing a Global Leaders’ …
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The President of Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has said all those campaigning for the withdrawal of fuel subsidy as a pre-condition for investment in the downstream sector of the oil industry are not friends of the country and the masses. Wabba said the new Group Managing Director …
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