Category: Blog

Reps to investigate $17bn undeclared crude oil exports

The House of Representatives on Thursday ordered a probe of the $17bn worth of allegedly undeclared crude oil and liquefied natural gas exports to foreign countries. The decision followed the adoption of a motion sponsored by Mr. Agbonayinman Ehiozwa at the plenary session of the House presided over by the Speaker, Yakubu Dogara. While presenting […]

Nigeria’s oil, gas earnings fall to N537.19 billion

The Federal Government earned N537.19 billion from oil and gas export during the second quarter of 2016, according to the Central Bank of Nigeria (CBN). The apex bank, in its second quarter economic report, said that this was lower than the provisional quarterly budget and the receipts in the preceding quarter by 39.2 per cent […]

Nigeria’s Oil Refineries in Oblivion

One Swahili proverb says that forgetting is the cure for suffering. Nigerians must have accepted the case of our refineries that are in limbo without being unduly upset. The rest is silence as we acquiescently resigned to fate that we have no solution to petroleum products import. But it is not the best way to […]