Lawmakers hide after suspending LG Chairman in Ogun

Lawmakers hide after suspending LG Chairman in Ogun

Nine lawmakers in Imeko Afon Local Government Area of Ogun State, yesterday, went into hiding after suspending the council Chairman Tajudeen Ayilara for allegedly misappropriating the Council funds. The atmosphere was tensed immediately the nine lawmakers out of 10 passed vote of no confidence on the Chairman who was accused of reckless spending of the council fund without the approval of the legislative house.
Visible Articles 5 10 15
Why Nigeria should not treat oil  theft with kid gloves—Ogbeifun

Why Nigeria should not treat oil theft with kid gloves—Ogbeifun

The state of the industry as today, specifically in 2013, is a mixed grill of gains and losses. The refineries’ capacity utilization was enhanced though still not where they should be and this meant that Nigerians were able to fuel their cars without tears for another whole year. On the other side of the coin are the sad issues of massive vandalism of petroleum products pipelines, crude oil theft and further divestments by some of the Oil Majors.

LPG: ‘We need constructive engagement with FG in 2014’-NLPGA boss

LPG: ‘We need constructive engagement with FG in 2014’-NLPGA boss

2013 has been described as a year that lots of attention was given to Liquefied Petroleum Gas, LPG also known as cooking gas, and the country’s preferred energy of choice. However, the attention is yet to hit national scale despite the comparative advantages LPG have over traditional fuel. In this interview, President of Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Dayo Adeshina, outlined the successes, challenges in 2013 and projections in 2014.

Stakeholders hail MorganCapital on Ekiti N5bn bond

Stakeholders hail MorganCapital on Ekiti N5bn bond

Commended MorganCapital Group, one of leading investment banking and securities dealing firms in the country for its crucial role in ensuring the success of the second tranche of the Ekiti State N25 billion bond raising programme.

National Assembly and the passage of the PIB

National Assembly and the passage of the PIB

It could be argued that the government’s transformation agenda would succeed only to the extent that the petroleum sector is transformed. The reason is that oil exports and proceeds from domestic sales account for nearly 80% of all federally- generated revenues and 95% of foreign exchange earnings. This statistics demonstrate that Nigeria operate largely a mono- product economy.

Nigeria’s petroleum future in post-PIB

Nigeria’s petroleum future in post-PIB

Last year, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke delivered a paper on the future of Nigeria’s petroleum industry in the next five years. Below is an extract from the presentation:

Centenary: 100 Interesting Facts About Nigeria, by Perry Brimah

Centenary: 100 Interesting Facts About Nigeria, by Perry Brimah

1. Nigeria, with a 2013 estimated population of 174,507,539 is the most populous Black nation and the 7th most populated nation in the entire world, trailing after—from least to most—Pakistan, Brazil, Indonesia, USA, India and China (1.3bn).

2. Nigerians are 1/5th the total population of Black Africa.

3. Nigeria, with 521 languages has the fourth most in the world. This includes 510 living languages, two second languages without native speakers and 9 extinct languages.

150 armed robbers arrested by Police in Benin Zone — AIG

150 armed robbers arrested by Police in Benin Zone — AIG

Assistant Inspector General (AIG) of police, Zone 5 commandMr Hashimu Argungu,, said on Tuesday that 150 armed robbers were arrested in a total of 124 armed robbery cases reported in 2013. The zone comprises the three states of Edo, Delta and Bayelsa.

Spain king’s daughter summoned over financial crimes

Spain king’s daughter summoned over financial crimes

A Spanish court summoned King Juan Carlos’ youngest daughter Cristina as a suspect over tax and money-laundering crimes Tuesday, a first for a direct relative of the monarch.

Cristina, 48, has been linked to the business affairs of her husband, former Olympic handball player Inaki Urdangarin, who is under investigation for alleged embezzlement of public funds.

A million World Cup armadillos emerge in China

A million World Cup armadillos emerge in China

In the wild the Brazilian three-banded armadillo is classed as “vulnerable”, but a million furry versions of the creature picked as the 2014 World Cup mascot are taking shape in a Chinese factory.