Category Archives: Special Report

Positioning Nigeria for prosperous future

By Kemi Adeosun Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues, and 90 per cent of foreign exchange earnings. Finance Minister, Mrs Kemi ADEOSUN […]

Treat PIB as a national budget — Nkem-Abonta

Hon. Uzoma Nkem-Abonta, a lawyer, is the Chairman, House of Representatives Committee on Public Petitions. He represents Ukwa East/West Federal Constituency of Abia State. In this interview he spoke on challenges facing the passage of the PIB and the way forward,excerpts… YOU were a member of the Sixth Assembly and you were also a member of […]

Intrigues, confusion over passage of 17 years old PIB

This is the second instalment of this report. The first part which was published yesterday, focused on the renewed vigour of the National Assembly towards passage of the PIB. THE report recommended creation of Frontier Oil Services Agency in sections 193 to 217 to step up exploration activities in various Frontier Acreages of  Nigeria’s oil […]

Major beneficiaries of Nigeria’s crude oil theft bazaar

India 226,352,489 barrels, Netherland 153,921,161 barrels   Australia 21,473,826 barrels.  Brazil 548,000 barrels.  Canada 40,164,332 barrels.  China 15,904,750 barrels  France 89,485,999  Germany 26,508,916  Greece 1,104,500 barrels  Ghana 13,333,832 barrels  Indonesia 41,788,250 barrels  Ireland 2,686,998 barrels  Italy 70,681,997 barrels  Ivory Coast 48,697,499 barrels  Japan 4,352,000 barrels  Malaysia 1,991,000 barrels  Netherland 152,496,661  Portugal 8,506,500 barrels  Congo 402,000 […]

Oil sector scandal: Proceeds from stolen 1.492billion barrels of crude oil to be recovered 

…Reps conclude probe, may soon table report …727,460 metric tons of gas allegedly unaccounted for (Cost $461million, allegedly traced to 7 countries) …Cost of Crude Allegedly Traced: US, $12billion; China, $3billion; Norway, $839, 522,600 By Emman Ovuakporie The idiocy of the Nigerian state is magnified by the fact that whereas Nigeria has crude oil  worth […]

Oba Ewuare II: Towards a Benin Renaisance

ON October 20, it will  exactly be one year that Omo n’ Oba n’ Edo, UKU AKPOLOKPOLO, Ewuare the Second, Oba of Benin, ascended the majestic throne of his forefathers. October 20, 2016 was a day the stars stood still for yet another great oba of Benin as he assumed his responsibilities as the monarch […]