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Anambra Joins Oil Producing States as Jonathan commissions oilfield next month.

ANAMBRA State Commissioner for Special Duties, Vincent Ezenwajiaku, a lawyer, has given the assurance that facilities at the Aguleri-Otu oil flow station would be completed and ready for commissioning by President Goodluck Jonathan during his visit to the State on August, 30 this year. Ezenwajiaku, who heads the Implementation Committee on the Presidents’ visit, while … Continue reading

200 Cars Hoax – Daily Trust, Sahara Reporters Goofed

State House Press Statement – The Presidency has noted with dismay, the utterly false and misleading claim in the lead report in today’s edition of the Daily Trust newspaper that the Federal Government has purchased 200 new “exotic” cars for the African First Ladies Summit which formally opens in Abuja tomorrow. The true facts of … Continue reading

The PIB & Alison- Madueke’s Midas Touch – Francis Ottah Agbo

The first time I came across Mrs Diezani Alison- Madueke, the first female to be so appointed Minister of Petroleum in Nigeria and in the entire African continent was in 2007 on the Lagos- Ibadon Express Way. I was with TheNews magazine at the time and was travelling from Lagos to Akure, Ondo State capital … Continue reading

State Creation, Fiscal Federalism Dominate Amendment Proposals

[ThisDay] The Senate Committee on Constitution Review Friday began a retreat in Asaba, Delta State, with the creation of new states, fiscal federalism, devolution of power, review of local government administration and judicial reforms dominating amendment proposals to be reviewed at the retreat. President of the Senate, David Mark who declared the retreat open said … Continue reading

Middle Belt Youths Blast Former Senator Waku Over Attack on CAN President

[Sahara Reporters] The Middle Youth Forum today in Abuja blasted Senator JK Waku over his criticism of the Christian Association of Nigeria (CAN) national president, Pastor Ayo Oritsejafor, on his address to the United States Congress. “We wonder why the likes of Waku, always make themselves available as willing tools for use by mischief makers … Continue reading

Excess Crude Account rises to $6.9bn

[Daily Times] Nigeria’s Excess Crude Account (ECA) increased to 6.9 billion dollars in July from 5.8 billion dollars in June, Dr. Yerima Ngama, the Minister of State, Finance said on Thursday. Ngama and Babayo Shehu, Director of Fund, Office of the Accountant-General of the Federation, made the disclosure in Abuja at the monthly Federation Accounts … Continue reading

The Authentic PETROLEUM INDUSTRY BILL

TheWill.com presents the authentic PIB as sent to the National Assembly. view the document here

EFCC arraigns Hembe, Azubuogu for alleged diversion of fund

[The Nation] The Economic and Financial Crimes Commission (EFCC) yesterday arraigned the former chairman of the House of Representatives Committee on Capital Markets and Institutions, Hon Herman Hembe and his deputy, Emeka Azubuogu, for alleged diversion of fund. They are facing a two-count charge of diversion of public funds slammed against them before a Federal … Continue reading

25 investors bid for PHCN power generation coys

[Vanguard] A total of 25 prospective investors have submitted technical and financial bids for the six electricity generation companies of the Power Holding Company of Nigeria, PHCN. The Federal Government had set a revised timeline of August 17, 2012 as deadline for receipt of technical and financial bids from the potential investors. The four thermal … Continue reading

Govt approves $1.488b for Lagos-Ibadan rail project

[The Nation] The Federal Executive Council (FEC) yesterday approved 1.488 billion dollars for the Lagos-Ibadan double track rail line project. Minister of Information Labaran Maku spoke with reporters on the outcome of the weekly FEC meeting, presided over by President Goodluck Jonathan, at the Presidential Villa, Abuja. He said the approval followed a memorandum to … Continue reading

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