Tag: fuel subsidy

Nigeria says will pay valid fuel subsidy claims

| July 27, 2012 | 0 Comments

You are what you eat, the saying goes. And, according to two new genetic studies, you are what your mother, father, grandparents and great-grandparents ate, too. Culled from :Here We enjoin our readers to send their stories/articles/reports, including pictures to story@edostatenews.com

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Nigeria union says to strike over fuel subsidy pay

| July 20, 2012 | 0 Comments

* Finance Ministry said in June payments were settled * Strike could lead to fuel shortages * Nigerian fuel subsidy to run over budget – cenbank By Joe Brock ABUJA, July 20 (Reuters) – A Nigerian fuel importers’ union said on Friday it would shut down jetties and depots from July 23 if the government [...]

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Nigeria vows crackdown on fuel subsidy scammers

| July 5, 2012 | 0 Comments

TOKYO (Reuters) – Japan’s Fukushima nuclear crisis was a preventable disaster resulting from “collusion” among the government, regulators and the plant operator, an expert panel said on Thursday, wrapping up an inquiry into the worst nuclear accident in 25 years. Damage from the huge March 11, 2011, earthquake, and not … Culled from :Here We enjoin [...]

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Nigeria will not charge fuel subsidy fraud accused

| July 5, 2012 | 0 Comments

* Farouk Lawan uncovered $6.8 billion fuel subsidy scam * His report in question over allegations he took a bribe By Camillus Eboh and Tim Cocks ABUJA/LAGOS, July 5 (Reuters) – Nigeria‘s Attorney General has filed a court petition to prevent anyone implicated in a $6.8 billion fuel subsidy corruption scandal being prosecuted, after allegations [...]

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Nigerian MP Farouk Lawan questioned over fuel scam

Nigerian MP Farouk Lawan questioned over fuel scam

| June 16, 2012 | 0 Comments

15 June 2012 Last updated at 19:53 Farouk Lawan was detained for questioning on Thursday evening Police in Nigeria are questioning an MP who headed an inquiry which found that a fuel subsidy scam had cost the country $6.8bn (£4bn). Farouk Lawan is now being investigated over allegations that he tried to secure a $3m [...]

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Nigeria: ‘Multiple Taxation Obstacle to Business Growth’

| April 4, 2012 | 0 Comments

The Kogi state Coalition of Business and Professional Association (KOBPA) has identified multiple taxation and infrastructure deficit among others as the obstacle hindering growth of business in the country. President of KOBPA, Dr. John Alabi who disclosed this to newsmen in his officer over the weekend said most businesses have gone into extinction as a [...]

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Why there’s corruption, and Boko Haram –Rev. Ken

| March 7, 2012 | 0 Comments

Why there’s corruption, and Boko Haram –Rev. KenWednesday, March 07, 2012 Rev. Sam. Ken is the Special Assistant on Environment, to Delta State governor and also the General Overseer of a church in Warri, a social Justice Advocate and analyst. The cleric in this interview with Emmanuel Ogoigbe expresses deep feelings about the state of [...]

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Fuel subsidy probe: Labour cautions NASS

| March 7, 2012 | 0 Comments

BY OKEY NDIRIBE ABUJA- Members of the National Assembly investigating the petroleum sector have been urged not to succumb to pressures being mounted on them by interest groups from different parts of the country. In a statement, in Abuja, yesterday, President of Nigeria Labour Congress (NLC), Mr. Ibrahim Omar, said: “Since the probe carried out [...]

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Nigeria: bad time to be a consumer

Nigeria: bad time to be a consumer

| February 22, 2012 | 0 Comments

Your typical Nigerian consumer, whoever he or she may be, is not having a good time of it. Fresh from the depressing news that those living in absolute poverty is rising, there is a “double whammy” of price rises to contend with, as one bank put it in a research note. After the removal of [...]

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No G-57 organisation in House of Reps

| February 21, 2012 | 0 Comments

A member of a House of Representatives from Owan Federal Constituency, Pally Iriase yesterday debunked insinuations that a organisation of 57 lawmakers attempted to mishandle probity in a persisting examine into remuneration of fuel subsidy. Iriase, who addressed reporters in Benin City pronounced a involvement of a National Assembly in a undisguised dismissal of fuel [...]

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Jonathan and quest for reform through committees

| February 19, 2012 | 0 Comments

| Print | E-mail Written by Taiwo Adisa, Group Politics Editor Sunday, 19 February 2012 Share LAST Wednesday, President Goodluck Jonathan inaugurated the board of the Subsidy Re-investment and Empowerment Programme (SURE), which is one of the fall outs of the fuel subsidy strike induced by organized Labour in January. The Committee, which is to be overseen by business [...]

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Nigerian naira hits 3-month high on subsidy probe

| February 17, 2012 | 0 Comments

LAGOS, Feb 17 (Reuters) – Nigeria‘s naira hit its strongest level in three months on Friday as a parliamentary probe into government spending on import subsidies squeezed demand for foreign exchange. The naira firmed to 157.70 to the dollar compared with 158.20 on Thursday and having gained more than 2 percent in the last three [...]

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Builders: Foreigners are the Beneficiaries of Fuel Subsidy

| February 17, 2012 | 0 Comments

Christopher Kolade By John Iwori Following the removal of fuel subsidy by the Federal Government, Nigerian builders in the construction sector of the economy have declared that foreigners, rather than they, are the ones benefiting from it. The indigenous builders, under the aegis of the Association of Building Artisans of Nigeria (ASBAN), said with the [...]

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iRep Film festival opens in March

| February 15, 2012 | 0 Comments

This year’s edition of the I-Represent International Documentary Film Festival will hold from March 22 to 25, at Terrakulture, Lagos, at 10am. The festival is conceptualised on the framework: Africa in Self-Conversation and it will explore the theme: Democracy and Culture – The documentary film intervention. Director of Institute of African Studies, Paris, France, Prof. [...]

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Tackling subsidy palliatives the Uduaghan way

Tackling subsidy palliatives the Uduaghan way

| February 11, 2012 | 0 Comments

By AUSTIN OGWUDA ALTHOUGH, Governor Emmanuel Uduaghan of Delta State has never hidden his feeling that removal of fuel subsidy was long overdue, when it eventually came, he did not hesitate to put palliatives measures in place in his State. He made it clear that while launching 100 brand new buses in subsidizing transport fares [...]

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Ghana: mixing politics and fuel prices

Ghana: mixing politics and fuel prices

| February 9, 2012 | 0 Comments

The government of a west-African country proposed this week to cut a recent hike in fuel prices by 20 per cent, after labour unions threatened to go on strike. Sounds familiar? This isn’t Nigeria, however – where six days of strikes in January cost the economy around $1.3bn – but nearby Ghana. There are key [...]

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No moment in Edo ACN – Oshiomhole

| February 9, 2012 | 0 Comments

No moment in Edo ACN – Oshiomhole By ZIKA BOBBYThursday, Feb 09, 2012 Edo State Governor, åsaid yesterday that a gossip of infighting in a statute Action Congress of Nigeria (ACN) in a state is false. Comrade Oshiomhole who done a construction when he addressed women leaders from opposite a 3 senatorial districts of a [...]

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No crack in Edo ACN – Oshiomhole

| February 8, 2012 | 0 Comments

Governor Adams Oshiomhole of Edo State has dispelled rumours of in-fighting in the ruling Action Congress of Nigeria (ACN) in the state. Oshiomhole, who made the clarification on Tuesday when he addressed women leaders from across the three senatorial districts of the state in Benin City, said “in every family, there are occasions when they [...]

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Nigeria’s Naira Advances After Central Bank Sells Dollars

| February 8, 2012 | 0 Comments

February 08, 2012, 10:02 AM EST By Emele Onu Feb. 8 (Bloomberg) — Nigeria’s naira appreciated to the strongest in more than two months after the central bank sold dollars to lenders. The naira appreciated 0.4 percent to 159.45 per dollar as of 2.20 p.m. in Lagos, the commercial capital, the strongest since Nov. 22, [...]

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