A former Governorship candidate in the 2007 elections in Anambra State, Stanley Okeke has sued President Goodluck Jonathan before an Abuja Federal High Court asking it to compel the President to remove forthwith the subsidy being paid on fuel in the country. In the suit filed through his lawyers, M.A Ebute and U.B. Eyo and dated December 21, Mr Okeke is also seeking an order compelling President Jonathan to ...

The Economic and Financial Crimes Commission (EFCC) has arraigned another oil marketer, Rowaye Jubril before the Lagos state high court sitting in Ikeja over an alleged N963.7 million fuel subsidy fraud. Jubril, alongside his company, Brila Energy limited, was arraigned on a 13-count charge bordering on obtaining money by false pretence, forgery and alteration of document. Reading the charge, counsel to the ...

The Federal Government plans to spend N250 billion on the Turn-Around Maintenance of the Port Harcourt, Warri and Kaduna refineries. This was disclosed by the Minister of Petroleum Resources Diezani Alison-Madueke on Monday while being grilled by the Senate Committee on Petroleum Resources (Downstream) over the failure of the government to fix the refineries. The minister said the beginning of the fourth qu ...

President Goodluck Jonathan on has received the long awaited draft of the Petroleum Industry Bill (PIB). The Minister of Petroleum Resources, Diezani Alison-Madueke presented the draft to the president before a number of senior government officials at the State House on Friday. The new draft of the PIB is the end product of work done by several committees and task forces set up by Mrs Alison-Madueke. Speaki ...

As the pressure on the Federal Government to boost local refining continues to mount, the minister of petroleum says plans for the green field refineries also known as new refineries billed for Lagos, Bayelsa and Kogi states envisaged to add 750,000 barrels per day of extra refining capacity to Nigeria’s current 445,000 barrel per day capacity, is still on course. She says besides this move, the sector is b ...

The Minister of Petroleum, Mrs. Deziani Allison Madukwe has inaugurated an eight man panel to accelerate the passage of the law regulating the oil industry. The panel comprising former lawmakers and a labour leader in the person Mr.Peter Esele,will work alongside a technical committee to review all versions of the bill and produce a draft bill within 30 days. The committee has the mandate of working with th ...