New Year oil price crash: Nigerians as victims
The bus conductor now hears it frequently from his passengers. Just like the roadside shoe mender gets it from his patrons. In justifying why they cannot pay as much as usual, these customers complain that international oil price has “crashed”. The implication is that this has adversely affected the easy flow of cash among its citizens as Nigeria no longer earns as it used to from sales of crude oil, its major source of foreign revenue. Though widely foretold, the crash has come to characterise the beginning of the new year. But what was responsible for the crash and how much does it affect the common man on the streets as much as the elite?
Delta pipelines bombing: Is Tompolo clean as claimed?
However, not many appear as if they believe his rationalization. Why, the bombs started flying few hours after a Federal High Court sitting in Lagos issued a bench warrant for his arrest over a N34 billion fraud case preferred against him and others by the Economic and Financial Crimes Commission, EFCC. Before the bombs went off January 14, 15 and 16 tearing apart strategic oil and gas pipelines in Warri Southwest local government area of the state, including the Escravos-Warri-Lagos-Abuja gas pipeline, Tompolo was having a running battle with the anti-graft agency over his refusal to honor its invitation.
We use charms to steal cattle from grazing sites – Suspects
The menace of cattle rustlers has assumed a violent and worrisome dimension in the country, with the attendant cases of rape, murder and destruction of farmlands in some parts of the country. Parts of Delta, Edo , many south eastern states and the Northern region have suffered untold pang of pain and trauma from suspected rustlers, with their women attacked while going to farms.
I sowed N1.5m as seeds in 3 Churches – Suspect
The 42-year-old, who is a High Chief in Warri North Local Government Area of Delta State, a title he said he received from his community for being a philanthropist, also told the police that he turned a new leaf, after his last robbery operation at Agbara area of Ogun State, where he and his gang carted away over N110millon from the bank and also left several persons, including a pregnant woman dead .
N1.04tr fine: MTN, NCC move to settle out of court
A Federal High Court sitting in Lagos, yesterday, adjourned till March 18, for parties in the suit by MTN Nigeria Communications Limited against the Nigeria Communication Commission, NCC, over the N1.04trillion fine imposed on the telecommunication outfit to settle out of court or hearing in the case would commence.
Dangote: Surveying to be world’s richest
It was Josh Billings that said that “occasions are rare; and those who know how to seize upon them are rarer”. Josh Billings is the pseudonym of the 19th century America humourist (comedian), Henry Wheeler Shaw whose philosophical comments in plain language became popular after the American Civil war. That quote introduces my “guest” who is a rare gem that sees rare opportunity and at the opportune time seizes it. This time he has ventured into the downstream sector of the petroleum industry. Should one resist such a man as Africa’s richest man? Aliko Mohammed Dangote, who I will prefer to address as Mr. Africa makes this edition of the Oil and Gas Summiteer.
