Publish What You Pay Nigeria, a non-governmental organization, NGO, has charged the Nigerian Extractive Industries Transparency Initiative, NEITI, to institute greater transparency and accountability for revenues and payments from the extractive sector.

The Group Chief Executive Officer of Oando Plc, a quoted company on the Nigerian Stock Exchange (NSE), Mr. Wale Tinubu, has denied alleged reports that his company was a beneficiary of fuel subsidy, just as he disclosed that the company has outstanding N4 billion of unpaid subsidy in 2011.

A number of analysts have criticised the invitation of the Economic and Financial Crimes Commission, EFCC, by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to probe her ministry in the management of the controversial fuel subsidy.

As said by Honourable Farouk Lawan, the Chairman of the Committee set up by the House of Representatives to investigate the reason for the high level of subsidy payments in 2011, a few issues are still hanging.

Chevron Nigeria Limited, CNL has said that its Escravos Gas-to-Liquids, EGTL Project completed the first half of 2011 with no lost time injury, no security incident, no industrial relations incident and no regulatory compliance violation.

Electricity workers in the country under the auspices of the National Union of Electricity Employees, NUEE, have threatened to down tools and subsequently incite a nationwide blackout if the Federal government fails to take definite steps to resolve all labour-related issues in the privatisation of the Power Holding Company of Nigeria, PHCN.

Minister of Power, Prof. Bart Nnaji has disclosed that the federal government planned to commission more than 3,300 mega watts of electricity from new independent power plants over the next two years.

Customers of the Odo-gunyan Business District of the Power Holding Company of Nigeria (PHCN) are owing the company well over N5.8 million.

Downstream oil marketers estimate that they may have lost in excess of N37billion to the first five days of the nationwide protests against the removal of subsidy on petrol.

A lot of figures are being brandished about by various groups with regard to the quantum of losses being suffered by Nigerians and the economy on account of the anti-fuel subsidy removal strikes and protests nationwide.

The Shell Nigeria Exploration and Production Company, SNEPCo, a member of the Shell Companies in Nigeria, and operator of the Bonga Floating Production Storage and Offloading, FPSO vessel have promised to cooperate with lawmakers investigating the cleanup of the December 20 oil leak from the facility.

INFORMAL workers in the country, under the umbrella of the Federation of Informal Workers’ Organisations of Nigeria, FIWON, have said the new pump price of Petrol announced by the Federal Government will destroy the informal sector of the economy.

ELECTRICITY workers in the country have praised the courage of the Senate over the adoption of its committee report on the probe of the privatisation programme in the country, and urged that the report be implemented within the next three months.

WARRI-THE management of the Warri Refining and Petrochemical Company, WRPC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, in Delta state has graduated another batch of 48 youths from her five host communities in various skills with starter packs worth millions of naira.

NATIONAL Union of Electricity Employees, NUEE, has accused the Power Ministry and the management of the Power Holding Company of Nigeria, PHCN, of employing cronies as staff of the electricity company, even as more than 10 casual workers who have put in not less than 10 years, have not been engaged.