The Economic and Financial Crimes Commission, EFCC, has reopened investigations into alleged N10.9 billion 2011 subsidy scam.
The commission, it was gathered, has already investigated some key officials of the IPMAN Investment Company Limited, a company incorporated by some independent...
Grieved by the recent hike in the pump price of fuel from N86.50 to N145, the National Association of Nigeria Students, NANS, zone B, yesterday threatened to shutdown all tertiary institutions in the zone comprising 11 states today (Friday) in protest against the decision of the President...
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National Leader of the All Progressives Congress, APC, and former governor of Lagos State, Asiwaju Bola Tinubu, has described former president Goodluck Jonathan’s Sure-P programme as a monumental fraud which only objective was to siphon public funds into the pockets of its architects.
According...
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The nationwide strike embarked on by the Nigerian Labour Congress, gained success in Taraba state as all ministries in the state and public schools were closed.
Both academic and non-academic staffs of Taraba State University complied with the industrial action in support of the reversal of...
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There is a saying that goes: ‘When two elephants fight, it is the grass that suffers’. This saying that has been used to characterize the carnage borne from the combat of two or more powerful forces cannot be over emphasized as regards the current happenings and the current state of the nation...
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House of Representatives Leader, Mr. Femi Gbajabiamila has expressed support for the removal of fuel subsidy. He argued that the government is left with no option but to take the decision in order to save the country’s economy from a total collapse.
The lawmaker was one of the key participants...
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Pastor Enoch Adeboye of the Redeem Christian of Church of God has called the attention of Nigerians to the problems of the country.
The man of God, on his official social media account said: “Let me tell you the truth, the problems we are facing now in Nigeria is global not just Nigeria alone...
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The National Association of Nigerian Students (NANS), Ekiti State chapter, is to shut down all tertiary institutions in the state on Tuesday, to protest the hike in the price of Premium motor spirit, fondly called petrol by the federal government.
NANS, in a statement by the chairman of the...
The National Association of Aircraft Pilots and Engineers (NAAPE) said on Saturday it would stand strongly in support of the federal government’s resolve to fully deregulate the downstream sector of the Nigerian oil and gas industry.
The declaration of support by the aircraft pilots and...
Chief John Odigie-Oyegun, the National Chairman of the All Progressives Congress (APC) has appealed to the Nigerians, the labour unions and other civil society groups to understand the situation that has led to the deregulation of fuel prices.
Chief Odigie-Oyegun, who made the appeal yesterday...
Labour leaders in the country are meeting today to decide on a possible protest against the increase in the price of petrol.
President Muhamamdu Buhari had on Wedsneday raised the price of PMS from N86.50 to a maximum of N145 per litre.
The new policy allows marketers to import petrol and sell...
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The federal government today, announced the removal of petrol subsidy an pegged the official rate at N145/per Litre.
Below is the press statement released by the Minister of State for Petroleum, Dr. Ibe Kachikwu
“We have just finished a meeting of various stakeholders presided over by His...
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A former Minister of Petroleum, Prof Tam David-West has denied reports that he said the Buhari government would crash the price of petroleum to N40 if elected.
The former minister, who spoke to Daily Sun on the phone, said at no time did he make such a comment and that he must have been...
The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe. Kachikwu, yesterday said the Federal Government did not pay any subsidy on petroleum products in January 2016.
He also stated that the country would save $1 billion...
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Hearing is scheduled to commence tomorrow in the trial of the former chairman of the Ad-hoc Committee on Fuel Subsidy of the House of Representatives, Farouk Lawan, who allegedly accused of obtaining $620,000 bribe money from the chairman of Forte Oil, Femi Otedola.
A source at the Awomolo...
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The Economic and Financial Crimes Commission (EFCC), yesterday, shut down a tank farm belonging to Obat Oil and Petroleum Limited at Kirikiri, Lagos, for alleged diversion of subsidy payment.
Petrocam Trading Nigeria Limited had reported Obat Oil to EFCC for allegedly diverting N1.2 billion...
In december 2014, the All Progressives Congress, APC Spokesperson said that it was last Christmas celebration under PDP government which he tagged; the bondage of insecurity, corruption, unemployment, widespread hopelessness and poor leadership.
In a Christmas message to Nigerians, contained in...
Asiwaju Bola Tinubu, leader of the defunct Action Congress of Nigeria (ACN) in 2012 accused the Jonathan presidency of betraying its social contract with the people by suddenly removing fuel
subsidy.
In 2015, as a national leader of the All Progressives Party, APC, the government of the day...
A former Governor of Lagos State and National Leader of the All Progressives Congress (APC), Bola Tinubu has advocated the removal of petrol subsidy as a way to address the perennial fuel scarcity in the country, ChannelsTv reports.
Mr Tinubu made the pronouncement in Kaduna State as a Guest...
The World Bank has advised President Muhammadu Buhari to act now if he is seriously considering the removal of fuel subsidy.
The World Bank’s Lead Economist, John Litwack, said Tuesday the best time to take such decision is now.
While the Buhari administration has hinted at its intention to...
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