Posts tagged as: oil-producing states in Nigeria

US Firm To Build Oil Refinery In Kogi

oil well

Kogi State government is to partner a US-based company, Global Investment Project, towards the establishment of oil refinery and revitalization of the state’s moribund mass transit company. The collaborative venture which would be facilitated by Montevetro Energy Nigeria Limited, is geared towards the realization of the transportation agenda of Governor Idris Wada for the state. […]

Nigeria Lost N16tr To Scams In Oil,Gas Sector, Says Report


•Govt loses billions of dollars in unpaid royalties FRAUD and other infractions in Nigeria’s critical oil and gas industry are enough to derail any stable economy, going by the report of the Petroleum Revenue Special Task Force by a former chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu. The findings, which […]

Delta Oil Communities Seek Suspension of Derivation Funds


Five oil and gas producing communities in Ijaw, Isoko, Itsekiri, Urhobo and Ndokwa areas in Delta State are on collision course with the state government over 13 per cent oil derivation. The communities want the state House of Assembly to suspend the appropriation of their 13 per cent derivation fund and pay same into an […]

We Need Support From Government To Fight Oil Theft – Attah


The Vice President, Health, Safety and Communication, Shell Petroleum Development Company (SPDC), Tony Attah, in an interview speaks on the rising wave of oil theft in the Niger Delta region. What is your take on the rising cases of oil theft in the Niger Delta region? This menace is one that has been around for […]

Oil Price Benchmark Controversy Unnecessary – Sanusi


Governor of Central Bank, Mallam Lamido Sanusi, has decried the controversy over the oil price benchmark for the 2013 budget. Sanusi, who spoke to our correspondent in Jos, Plateau State, after delivering the second annual lecture on the 87th birthday of former Head of State, Gen Yakubu Gowon, at the National Institute for Policy and […]

Ondo LP Chief Canvasses 50 Per cent Derivation Fund For Oil-producing State

Chairman, Ondo State Chapter of the Labour Party (LP), Dr. Olaiya Oni has called for the increment of derivation fund to oil-producing states from 13 per cent to 50 per cent. The chairman, who said this at the inauguration of the Elders Forum of the party in Ilaje Local Government Area of the state said […]

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