Submitted by AkinfeAyo on Thu, 06/01/2017 - 14:56
NIGERIAN National Petroleum Corporation (NNPC) officials have disclosed that Indonesia has indicated its interest in increasing its crude oil purchases from Nigeria in a development they hope will boost the country's exports.
At the moment, Indonesia is one of Nigeria's largest crude oil purchasers, overtaking traditional buyers like the UK and US. According to NNPC, while Indonesia produces 900,000 barrels of crude oil per day, it uses 1.4m barrels, so 18% of its supplies come from Nigeria and 28% from Saudi Arabia.
Submitted by AkinfeAyo on Thu, 06/01/2017 - 13:55
POWER minister Babatunde Fashola has promised that the government will meet its target of generating 10,000MW of electricity by 2019 in line with the pledge provided by President Muhammadu Buhari.
When President Buhari assumed office in 2017, he said he believes that 10,000MW will be an appropriate amount of power required to meet the nation's energy needs. On May 29, 2015, Mr Fashola, the minister of power, works and housing, pointed out that the amount of power available on the national grid was 2,690 megawatts while on May 29, 2017, the amount was 4,014 megawatts.
Submitted by AkinfeAyo on Thu, 06/01/2017 - 13:36
FORMER Central Bank of Nigeria (CBN) governor Professor Charles Soludo has attributed the prevailing economic woes currently facing Nigeria to the wrong choice of government policies by both the Goodluck and Buhari administrations.
Submitted by AkinfeAyo on Thu, 06/01/2017 - 12:16
KOGI West's Senate representative Senator Dino Melaye has fired a salvo at President Muhammadu Buhari over several of his appointments claiming that they have done more harm than good to Nigerians as some of them now constitute a criminocracy.
Submitted by AkinfeAyo on Thu, 06/01/2017 - 11:56
ANAMBRA State governor Willie Obiano has erected a cenotaph in Awka in remembrance of the dead who died during the Nigerian Civil War on the 30th anniversary of the declaration of the Republic of Biafra.
On May 30, Igbos marked Biafra Remembrance day as 30 years in 1967, its former leader Odumegwu Ojukwu declared it as an independent state, triggering a 30-mont civil war. Across southeast Nigeria, the day was marked with a sit-at-home protest that had been called by the Indigenous People of Biafra (Ipob), which is agitating for the recreation of Biafra.
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