Daily Archives: January 9, 2018

Crude oil prices hit $64 per barrel, highest since Buhari took over power

Global oil benchmark, Brent crude, hit a 28-month high since President Muhammadu Buhari came to power in mid 2015. Brent, on which Nigeria’s crude oil is priced, rose by $2 to $64.07 per barrel as of 8:03pm Nigerian time on Monday, more than $19 higher than the country’s oil price benchmark of $44.5 per barrel […]

PDP raises query over missing 4,501 petroleum trucks

The Peoples Democratic Party (PDP) has called on security agencies to immediately probe the voluntary disclosure by the Managing Director of Nigeria National Petroleum Cooperation (NNPC), Dr. Mikanti Baru that 4,501 trucks of petroleum recently went missing.   The PDP, in a statement signed by its Deputy National Publicity Secretary, Prince Diran Odeyemi, said that […]

Kachikwu, DAPPMA Blow Hot and Cold in Petrol Politics

  You would probably be forgiven for thinking Dr. Ibe Kachikwu, Nigeria’s Minister of State for Petroleum Resources, is confused. He may not be, but his words and actions certainly suggest he is. In one breath last week while trying to defend government actions on the issue of fuel pricing and availability, he stated that […]

Nigeria: Fuel Crisis – PDP Accuses Govt of Monumental Fraud

The Peoples Democratic Party, PDP, has accused the Federal Government of providing cover for huge graft in the on-going fuel scarcity across the country directly involving the ruling All Progressives Congress, APC, interests and urged its officials to stop dishing out falsehood to suffering Nigerians. National Publicity Secretary of the party, Kola Ologbondiyan in a […]