Fuel theft: Senate calls for major shake-up in NNPC

The Senate has advised the Nigerian National Petroleum Corporation (NNPC) to go beyond the sacking and redeployment of a few officials involved in fuel theft and other sharp practices in the industry. The upper legislative chamber gave the advice in a statement issued yesterday in Abuja by its spokesman and chairman, Senate Committee on Media and Public Affairs, Aliyu Sabi. The Senate tasked the NNPC to initiate a comprehensive restructuring of its operations which currently allowed officials and other firms to appropriate national resources for their personal use, thereby contributing…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Dickson signs 2017 budget, education bill into law

Bayelsa State Governor, Seriake Dickson, has signed the 2017 Appropriation Budget of N243.2 billion and the Educational Development Trust Fund Amendment bills into law. It will be recalled that the governor proposed an educational trust fund bill to help the less privileged in the state acquire education. Assenting to the bills at the Government House, Yenagoa, the governor said the budget, christened “Budget of Repositioning for Consolidation,” was aimed at completing various ongoing projects in the state. Dickson, who noted that the government appropriated N111 billion for capital projects alone,…

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Ogoni clean-up is all noise, says Niger Delta monarch

Chairman, Ogoni Council of Traditional Rulers, His Royal Highness, King Suanu Baridam, the Kasimene Bangha VII, yesterday said that the Ogoni cleanup exercise that was launched by the administration of President Muhammadu Buhari in the Niger Delta, was all noise as there was no sign to suggest that the government was serious with the exercise. Already, reports said some concerned citizens in the region would be filing legal action against the Federal Government at an Abuja high court today. Also, our visit to the devastated communities revealed so much worries…

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Is Arik slipping into oblivion?

Government is at a crossroads on what to do with Arik Air, having injected N1.5 billion since it took over the carrier. It’s time to take far reaching decision on the airline’s future, writes WOLE SHADARE   Arik on life support For those who don’t know, Arik Air is currently dying a slow death and here are some of the signs. The airline has just five aircraft from the over 29 it acquired when it made a debut 10 years ago. It purportedly came with a difference with state-of-the-art aircraft,…

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