The price Nigeria has been paying for failure to meet demand of internal fuel consumption through sustainable supplies from the existing local four refineries is what has been playing out in the recurring fuel scarcity and high costs being visited upon the country.
The many problems of the Nigerian National Petroleum Company, NNPC, came long before the tenure of the outgoing Minister of Petroleum, Mrs. Diezani Alison-Madueke, in office, the recent Price Waterhouse Cooper (PWC) forensic audit of NNPC and its subsidiaries, has stated.
The President-elect, Gen. Muhammadu Buhari, on Wednesday in Abuja inaugurated a 19-member Transition Committee to liaise with its Federal Government counterpart to ensure a smooth transition.
CHINEDU WOSU, Yenagoa
The Operative of the Joint Task Military Task Force, JTF, Codenamed Operation Pulo Shield, has arrested 25 persons suspected to oil thieves in six illegal refining camps for stealing crude oil in Niger Delta Communities.
JTF said the suspects were arrested in Ondo, Delta and Edo States, respectively
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the drop in crude oil price has taken a toll on its operations, thereby leading to a sharp decline in its production activities.
MALACHY UZENDU, Deputy Editor, Abuja
ALL Progressives Congress (APC) yesterday declared that President Goodluck Jonathan has deceived the people of the south east and south south zones enough, asking them to vote for General Muhammadu Buhari.