THE revision of the eligibility criteria for oil marketing and trading companies in the PSF guidelines by PPPRA amended the requirement for the proof of ownership of storage facilities with a minimum storage capacity of 5,000MT for the particular product to include a valid throughput agreement of storage facility with a minimum storage capacity of 5,000MT for the particular product.

For now, I will not support third phase in this amnesty programme. This is because this thing has turned to business and by the time we start a third phase, demand will also come for a fourth phase

GIVEN the huge sums involved, it is expedient that PPPRA should make payments only on the basis of original or authenticated documents to minimise losses due to operational and fraud risks.

HE is popularly known as Tompolo, an ex-militant leader that once evoked terror in the Niger-Delta. Most people don’t know him by his bonafide name, Government Ekpemupolo, not to mention that he is a High Chief of Gbaramatu kingdom, Warri South-West Local Government Area of Delta State.

A REQUIREMENT for the presentation of guarantees or performance bonds (issued by Nigerian banks) by oil marketing and trading companies participating in the scheme on a transactional basis as a mitigant against the presentation of false subsidy claims.

THE year was 2007, while the setting was the Aso Rock Presidential Villa in the Federal Capital Territory, Abuja. And the event of the day, was a courtesy visit by World Bank Vice President for Africa, Dr. Oby Ezekwesili. On hand to host the visiting World Bank Chief, was President Umar Musa Yar’Adua.

Nigeria does not have a verifiable statistical basis for computing its daily consumption of petroleum products and the absence of this data opened up the determination of the nation’s requirement for imported petroleum products to abuse

In the first part of this series, the price of Brent Crude, which is closer to the Nigerian light crude, was quoted at $95.56 per barrel on June 20, 2012. On June 28, 2012, it came down to $93 and that was on account of the strike in Norway, the world’s eighth largest producer.

The Senate has been in the forefront in the debate on how to resolve issues emanating from the state of insecurity that has partially closed-down a number of cities in the North. The appointment of a new National Security Adviser in the person of Col. Sambo Dasuki (rtd.) is one of the pro-active measures that have been taken by President Goodluck Jonathan towards frontally confronting the problem.

From the deep cave in Anambra where the Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) operates to the creek in the Niger Delta which parades dozens of militant groups battling for resource control, down to the West where the Odua Peoples Congress holds sway up to the savannah in the north that has recently witnessed the insurgence of the Boko Haram group all at one time or the other holds the Nigerian government in arms-lock.