THE National Association ofStevedoring Companies has said that International Oil Companies operating in Nigeria do not declare the accurate volume of exports of crude oil from Nigeria.

Politicking gets a kick start with the All Progressives Congress, APC organising a national convention this weekend to elect its national officers to midwife its campaigns. Other political parties would follow soonest. Scores of political parties and many politicos are jumping into the murky waters of 2019 electioneering that would be greatly influenced by critical national issues. The beauty of democracy is that it is determined by the majority. In essence, democracy is majority rule. In the Speech delivered by former United States Presisident, Jimmy Carter to the Indian Parliament on the 2nd of June 1978 he said that: “Democracy is like the experience of life itself—always changing, infinite in its variety, sometimes turbulent and all the more valuable for having been tested for adversity.” President Carter cannot be further from the truth as emergent aspirants and candidates mount the soapboxes in what would be expensive national campaigns. 

Nigeria Monday lost over 80,000 barrels of crude as protesting women and youths shut down two major flow stations in Erhoike and Olomoro, insisting that they would not discuss review of the Memorandum of Understanding , MoU with operators of the flow stations, through a non governmental organization or any third party.

Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying interest for Nigerian crude, traders said. This is coming as Angola launches big oil block.

A member of Osun House of Assembly, Mr Olatunbosun Oyintiloye has urged the Federal Government not to allow the slight improvement in the price of crude oil at the international market affect its economy diversification policy.