THE announcement by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that the Federal Government will privatise the nation’s petroleum products pipeline network has continued to elicit mixed reactions from stakeholders in the oil and gas industry. While operators applaud the decision as a wise move, labour on the other hand thinks it is anti-people.

Four fake naval personnel and a soldier were weekend arrested by the Lagos State Police command for alleged armed robbery.
The suspects who were all in military attire were arrested by youths at Ilado area of Lagos State while they were fleeing in a canoe after escaping from police detention and handed over to Ilado Police post, near the Ajakoyi Beach.

Mrs. Kemi Adeosun, the Minister of Finance, has taken in her stride the job of managing the nation’s finances at a time of great financial strain. While national revenues have more than halved due to the steep decline in global oil prices with basically not much savings to fall back on, recurrent expenditure is pretty much same and the need for increased capital expenditure is ever present.

THE Civil Society Legislative Advocacy Centre, CISLAC, has advocated the clear separation between commercial and regulatory activities, to ensure efficiency in the petroleum industry. The Senior Manager, CISLAC, Mr. Kolawole Banwo, stated this at an oil and gas sector forum held in Lagos.

Jose Mourinho conceded Chelsea have no chance of finishing in the Premier League’s top four after Monday’s 2-1 defeat at Leicester left them languishing just outside the relegation zone.

MINISTER of Power, Works and Housing Mr. Babatunde Fashola, said Nigerians should expect increase in electricity tariff in no distant time. This is as he also indicated the Ministry of Petroleum has signified their interest to build certain critical pipelines to transport gas to the power plants that will add another 2,000 mega watts to the national grid within 12-15 months.

As details of huge funds disbursed by the Office of the National Security Adviser under Col. Sambo Dasuki continue to surface, indications emerged last night that the embattled security czar is set to expose more top Nigerian leaders who benefited from the funds.

I WALKED into the east wing of The Palms shopping mall in Lekki, Lagos (popularly referred to as Shoprite); only to be buttoned-holed by a man trying to sell me a Honda Civic parked inside the hall.

JUST remove “nation’ in every line substitute with Nigeria, and the muse would be inspiring Khalil on the problematic project called Nigeria, an unsettled polity 55 years after flag independence.

Following increased pressure on revenue and the expenditure profile, the Federal Government has finally yielded to domestic and international pressures to remove fuel subsidy.