Special Report

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The Aig-Imoukhuede-led committee report on subsidy (4)

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.

Amnesty over for now -Tompolo

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

We’ll break oil cabal – Tompolo

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.

How they shared subsidy money (2)

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.

PROBE PANELS: As by-products defeat essence of probe

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.

How they shared subsidy money

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

Nigeria in the looming global recession (2)

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.

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