From Wednesday, the activities of the elections petition tribunals across Nigeria will go aground, as the Judiciary Staff Union of Nigeria (JUSUN) has decided to join the strike declared by the Nigeria Labour Congress (NLC) on Wednesday.
Browsing: Oil & Gas/Mineral Resources
#SubsidyRemoval The Nigerian National Petroleum Company Limited (NNPCL) says it is winding down crude oil swap contracts with traders, and will pay cash for petrol imports as private companies could begin importing petrol from within this month, Reuters has reported.
ASHENEWS reports that the Nigeria Labour Congress (NLC), has opined that if one person in Aliko Dangote could put a refinery in place within a space of few years, the federal government can do more than four refineries of that size in the country.
Russia will extend its voluntary oil production cut of half a million barrels per day until the end of 2024, Russian Deputy Prime Minister Alexander Novak said.
Nigeria’s Flying Eagles have crashed out of the ongoing FIFA U-20 World Cup in Santiago Del Estero, Argentina after losing to South Korea 0-1.
The debate on the removal of fuel subsidies should go beyond rhetoric on the pages of newspapers and WhatsApp groups. Personally, I’m concerned about the salary review that the President has allegedly proposed as part of the palliatives to the fuel subsidy removal. To be honest, this will only worsen Nigeria’s current precarious fiscal situation. Any wage increase will swallow up any “savings” that may result from the removal of subsidies and even lead to higher inflation and it’s attendant socioeconomic consequences.v
The Socio-Economic Rights and Accountability Project (SERAP) has President Bola Ahmed Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that US$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019, as documented by the Auditor-General of the Federation.”
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the Federal Government for approving importation of petroleum products by private firms.
The Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 presidential election, Atiku Abubakar, has chided President Bola Tinubu for removing fuel subsidy without providing palliatives.
Human rights lawyer Femi Falana has argued that the Nigeria National Petroleum Company Limited (NNPCL) has no powers to fix the petroleum pump price.