November 20, 2024
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NNPC Ltd Denies Allegations of Economic Sabotage

By The Insight Team 72 0
By Emmanuel Kwada The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners. Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Continue Reading
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Fuel Subsidy removal: Tinubu should not allow collusion among oil marketers to hike prices – Obasanjo’s former  Economic Adviser Ojowu

By The Insight Team 200
  Key Points: Oil marketers must not collude to fix inflated prices due to the deregulation Subsidy removal was inevitable due to fiscal distress There are several technical and administrative issues on public expenditure which must be dealt with. It’s important for constant supply of petroleum products to avoid scarcity and price hike Government must […]Continue Reading
Dangote refinery
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Buhari, five African Presidents to commission Dangote Petroleum Refinery

By The Insight Team 290 0
In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Continue Reading
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Osinbajo launches Energy Transition Plan as Nigeria seeks $10B Initial Support Package

By The Insight Team 248 0
*World Bank, US EXIM Bank pledge $3b implementation support *VP says “it is time for decisive action, we cannot afford to delay”   By Daniel Adaji Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways and the action should be decisive and urgent, according to Vice President Yemi Osinbajo, SAN. […]Continue Reading
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How do Nigeria and Saudi Arabia compare for poverty and unemployment?

By The Insight Team 312 0
After Nigerian president Muhammadu Buhari controversially compared oil prices in Nigeria and Saudi Arabia as justification for repeated petrol price hikes since June 2020, some people in Nigeria have taken to social media with other comparisons between the two countries. A well-shared message posted on Facebook on 1 October makes a number of economic comparisons, […]Continue Reading
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CSOs make demands for the sustainable deregulation of the downstream petroleum sector

By The Insight Team 241 0
A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the National Assembly soon. The consortium also demanded that the […]Continue Reading
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Magu and albatross around EFCC chairmen’s neck

By The Insight Team 253 0
By Theophilus Abbah Nuhu Ribadu booted out, demoted (2008). Farida Waziri sacked! (2011). Ibrahim Lamorde removed, under probe (2015).  Ibrahim Magu arrested, detained, grilled (2019). With these fragmented statements and reads-on that scream from the headlines of dailies, each chairman of the Economic and Financial Crimes Commission (EFCC), was, with bleary eyes, Continue Reading
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