Bassey

Posts by Bassey:

mend-militants-niger-delta

Again, militants blow up Chevron gas pipeline

The new militant group, Niger Delta Avengers, on Thursday claimed responsibility for another attack on a gas pipeline belonging to Chevron in Delta state. The group announced the attack on the Escravos tank farm near the main electricity feed pipeline through which power is supplied to the oil facility. The…

DANA Air to resume flights

Dana Airlines’ pilots embark on strike, disrupt flights

A disagreement with management over promised largess has snowballed into a strike action by pilots of Dana Airlines resulting in the suspension of normal flight operations on Thursday. Scheduled flights have been disrupted with passengers booked to travel with the airline stranded at airports across the country. At the Nnamdi…

FILE PHOTO: Finance Minister, Kemi Adeosun

Revenue drops again as federal, states, others share N281.5 billion for April

Revenue allocation to federal, states and local governments dropped by 6.09 per cent as the three tiers of government shared a total of N281.5 billion for the April. Minister of Finance, Kemi Adeosun, said at the end of the federation accounts allocation committee meeting on Wednesday in Abuja that net…

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Nigeria adopts new forex policy as economy faces “imminent recession”

To begin to reverse what its governor, Godwin Emefiele, called “imminent recession” in the Nigerian economy, the Central Bank of Nigeria on Tuesday announced a new policy that would guarantee more flexibility in the management of the foreign exchange market. The CBN governor, who made the announcement at the end of the Monetary…

NNPC-Towers (1)

NEITI audit uncovers N2.23trillion lost, unremitted revenues by NNPC in 2013

The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday. The Minister of Solid Minerals and Chairman, NEITI Board, Kayode Fayemi, who unveiled the report, said the document contained…

PIC. 6. FROM LEFT: LEADER OF THE CIVIL SOCIETY GROUPS, COMRADE JAYE GASKIYA; NATIONAL SECRETARYOF THE NLC, COMRADE PETER OZO-ESAN; NLC PRESIDENT, COMRADE AYUBA WABBA; FORMER ASUU PRESIDENT,DR DIPO FASINA, AND COMRADE ISSA AREMU, DURING THE NLC AND CIVIL SOCIETY ORGANISATION PROTEST OVER INHUMAN INCREASE IN PETROL PRICE IN ABUJA ON WEDNESDAY (18/5/16).
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NLC suspends strike over petrol price hike, to resume talks with govt.

The Nigeria Labour Congress, NLC, on Sunday suspended its nationwide strike called to protest the government's decision to increase pump price of petrol and hike in electricity tariffs. The NLC president, Ayuba Wabba, said the union resolved to suspend the strike with immediate effect. He at the end of an…

FILE PHOTO: Surging crowd at an Immigration recruitment test in 2014.

Nigeria’s unemployment crisis worsens; rate jumps by 518,000 in 3 months — NBS

Nigeria's employment crisis worsened in the first quarter of 2016, with unemployment rate rising to 12.1 per cent, the National Bureau of Statistics, NBS, said on Friday. The bureau said in its latest Unemployment Watch report that between December 2015 and March 2016, the population of unemployed Nigerians increased by…

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ExxonMobil denies shutting down production over militants threat

Contrary to reports on Thursday that ExxonMobil, the second biggest international oil company in the Niger Delta, had shut down production and evacuated workers at its Qua Iboe terminal due to threats by militants, the company said normal oil production activities were still on-going. There were reports that the company…

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Nigerian govt approves plan to help states get out of financial crisis

The National Economic Council on Thursday approved a fiscal sustainability plan to help the 36 states of the federation recover from their current poor economic conditions. Following the massive drop in oil revenue accruals in the federation account as a result of the decline in global crude oil prices from…

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Africans life expectancy up by 9.4 years in last decade – WHO

Africa has overcome the setback posed by the Acquired Immune Deficiency Syndrome, AIDs, epidemic in the 1990s with latest World Health Organisation (WHO) report revealing that the continent’s life expectancy between 2000 and 2015, increased to 60 years, gaining 9.4 years. The WHO 2016 report, published on Thursday, titled “World…

NLC Protest
Photo: Buzz Nigeria

Nationwide Strike: Why we walked out of meeting with Nigerian govt – NLC

A last minute meeting between the federal government and Nigeria Labour Congress, NLC, on Tuesday night to attempt to avert a nationwide strike over increased petrol price, collapsed mid-way as representatives of the organised labour staged a walkout on government representatives. The NLC says the talks broke down because the…

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Fuel Price Hike: NLC, TUC, to go ahead with strike despite court order

Despite an order of the National Industrial Court restraining the Nigerian Labour Congress and the Trade Union Congress from going ahead with their planned strike to protest the hike in price of petrol, the strike will go ahead as planned on Wednesday, labour officials have said. The General Secretary of…

Photo: Daily Post

Inflation surges to 13.7% in April, as food index soars

The country’s Consumer Price Index (CPI) for April showed that prices of goods and services surged for the third consecutive month to 13.7 per cent just as food price index soared to 13.2 per cent from March. Latest report by the National Bureau of Statistics (NBS) said on Monday that…

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Nigerian pilots, engineers, shun NLC, back govt. on fuel price hike

The National Association of Aircraft Pilots and Engineers (NAAPE) said on Saturday it would stand strongly in support of the federal government’s resolve to fully deregulate the downstream sector of the Nigerian oil and gas industry. The declaration of support by the aircraft pilots and engineers came barely few hours…

nlc

UPDATED: NLC vows total shutdown, gives Nigerian govt. 96 hours to revert to old petrol price

The Nigeria Labour Congress, NLC, and its affiliates, include the Trade Union Congress, TUC, on Saturday gave the federal government a 96-hour ultimatum to rescind the deregulation of the downstream sector of the petroleum industry and revert to the old petrol price of N86.50 per litre or face a total…

Fuel subsidy protest in 2012

PENGASSAN, NUPENG support new fuel price, demand N90, 000 minimum wage

The joint meeting of the National Executive Council, NEC, of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN and the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, ended on Friday with a declaration of support for the government’s new price of petrol. The federal government…

petrol station fuel

PPPRA reviews petrol pricing template

The Petroleum Products Pricing Regulatory Agency, PPPRA, on Thursday reviewed its pricing template for petrol. The review followed Wednesday's announcement by the federal government of the formal take-off of full deregulation of the downstream sector of the petroleum industry, which pushed petrol price from N86.50 to N145 per litre. The…

Fuel subsidy protest in 2012

NLC talks tough, says, “We shall resist this increase”

The Nigerian Labour Congress on Wednesday said it would resist the federal government's scrapping of fuel subsidy and increase of petrol price to about N145 per litre. "The unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by…

NNPC Towers

Nigeria deregulates downstream oil sector, petrol to sell for about N145 a litre

The federal government has announced a full deregulation of the downstream sector of the Nigerian petroleum industry, pushing the price of petrol to about N145 a litre. The Minister of State for Petroleum, Ibe Kachikwu, announced the policy change in Abuja on Wednesday afternoon, confirming PREMIUM TIMES exclusive report of…

NEITI

#PanamaPapers: NEITI demands public disclosures of beneficial owners of extractive companies

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Monday debuted with a ‘Policy Brief’, a special publication focusing on beneficial ownership disclosures by owners of assets in the country’s extractive industries. Executive Secretary of NEITI, Waziri Adio, said the publication was part of the new policy and advocacy instruments by…

petrol station fuel

Nigeria set to fully deregulate downstream, petrol to sell for over N100 a litre

Barring any last-minute change in plans, the federal government will,  in a few days, introduce policy changes heŕalding the full deregulation of the downstream sector of the Nigerian petroleum industry, officials well briefed on the matter have told PREMIUM TIMES. Nigerians may have to brace up for a minimum of…

Photo: onegeria.com

Nigeria sets up intervention fund for mining

The federal government has commenced the process for the establishment of a mining intervention fund. The Minister of Solid Minerals Development, Kayode Fayemi, said the fund was part of government’s determination to diversify the country’s economic base and ensure that the solid minerals sector contributed significantly to the gross domestic…

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Attack on Chevron pipeline ‘handiwork of misguided elements’ – Presidential Adviser

The attack on Chevron Nigeria Limited’s Abiteye oil pipeline in Warri South-West Local government area of Delta state was an avoidable self-inflicted agony, the Special Adviser to the President on Niger Delta, Paul Boroh, said on Friday. Mr. Boroh, who is also the Coordinator of the Presidential Amnesty Programme (PAP),…

FILE PHOTO: Finance Minister, Kemi Adeosun

Finance Minister replies Ezekwesili, rejects ‘opaque, archaic economy’ claim

The Minister of Finance, Kemi Adeosun, on Thursday reacted to remarks by former vice president of the World Bank, Oby Ezekwesili, that the Muhammadu Buhari administration's “archaic and opaque” economic policies are hurting the poor. Speaking as one of the guests at The Platform, a public policy forum in Abuja…

NNPC-Towers (1)

NPDC yet to pay $3.3 billion for 8 oil licenses acquired from NNPC — Report

The Nigerian Petroleum Development Company, NPDC, is yet to pay $3.3 billion (about N650.1 billion), being balance for eight oil licenses acquired between 2010 and 2012, a revised report by the Natural Resource Governance Institute, NRGI, has revealed. The NPDC is the upstream subsidiary of the Nigerian National Petroleum Corporation,…