BERACHA lubrications limited, a wholly owned indigenous oil trading and logistics company, with operations in the oil and maritime sectors has commenced plans to boost its operations with about 50 million US dollars withing the next six months.

FORMER Deputy speaker of the National Assembly, Hon. Chibudom Nwuche has advised the Federal government to revisit the Petroleum Industry Bill [PIB] and ensure the inclusion of an equitable sharing formula of revenue between oil producing local governments areas, state and Federal government for a lasting peace in the Niger Delta area of the country.

By Elohor okagbare WITH a declared profit of about N1.837 billion recorded in the year 2008, NIPCO Plc, one of the major players in the downstream sector of the nations economy has announced that it also dispensed 1.2 billion litres of petroleum products representing 100 percent of its installed capacity. This was the position of […]

STANDARD Chartered Bank has won the African Business Award for Best Corporate Citizenship and Social Responsibility- organised by African Business magazine and the Commonwealth Business Council (CBC).

Chief Executive of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru has called on stakeholders in the Nigeria project to join hands together towards building a stronger Nigeria.

They have been in the business of adulterating palm oil for over five years. Their target is how to make quick money from the adulteration not minding the consequences it would have on numerous consumers.

The Minister of Petroleum Resources, Dr. Rilwanu Lukman, defended the assault on the sensibilities of the hurting peoples of the Niger Delta. He said upgrading the PTI to a university was unnecessary, but justified the same status for the Kaduna College. What insensitivity, what double standards!

What is his offence? He celebrated the 25th anniversary of his wedlock to his one and only wife, Mrs. Eunice Ukamaka Egwu. While one of the trade unions in the Education sector called for his resignation, a popular columnist in the Vanguard, newspaper, Ochereoma Nnanna, called for his sack from the Federal Executive Council.

Muhammad Sani Abacha, in an encounter with news-men in Kano, explained that he is going into politics to first understudy the situa-tion, pointing out that his findings will determine the likely areas of improvement. He, however, declined to reveal his choice party out of the numerous registered political parties in the country.

“I don’t think that there has been very much positive response. I think one way of dealing with the issue is for you to go close to the market where it is being sold. Then the crime stops. People are stealing the oil to sell. If you are waiting for them in the market and they can’t sell it. There is nothing for them to do with it,” Ajumogobia said.

“The 13-Point Agenda is clear, a fully mapped out strategy that was created to provide a roadmap for the actualisation of the aspira-tions of the people of Nasarawa State and I can tell you that this is a revolution in the social, economic and political development of Nasarawa State,” he said.

“Needless to tell you that Nigeria is not here. Although we are automatic qualifiers for the World Cup as host, this is a competition that has become our birthright in Africa only for coach Alphonsus Dike and his hapless squad to get us knocked out by Benin.

They have also vowed not to back down, especially when they meet President Yar’Adua today, as regards their last Thursday’s threat to pull out of the amnesty package for militants by the Federal Government if their demands were not looked into.

The President, who was represented by his Minister of State for Petroleum, Mr. Odein Ajumogobia (SAN), said it was the duty of the National Assembly to take into considerations logical positions on the bill.

They soon caught up with it at a traffic snarl close to the Mile Two bridge. The action of the police men, however, did not go down well with some passengers in a commercial bus heading for the Wharf.