Oil discovered in Nasarawa, drilling begins in March ―Kyari

Group Chief Executive Officer, Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has announced the discovery of oil in Nasarawa State. Kyari said the official spud-in of first oil well in the state will commence in two months. A tweet shared by NNPC read; “Group CEO @nnpclimited @MKKyari announced today that the official spud-in of […]

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Now that the north has found oil…, By Simon Kolawole

In October 1973, Egypt and Syria launched a surprise attack on Israel over its occupation of the Golan Heights and Sinai Peninsula, two Arab territories. With the now-defunct Soviet Union (read Russia) backing Egypt and Syria, the US automatically queued behind Israel. Arab countries, in solidary with Egypt and Syria, retaliated by placing an oil […]

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Osinbajo queries eras from Babangida to Jonathan how they spent oil money

Nigerian vice president, Prof. Yemi Osinbajo has queried how money accrued from Nigerian oil was spent by previous successive administrations. Osinbajo mentioned former presidents like Ibrahim Babangida, Sani Abacha, Olusegun Obasanjo and up to Goodluck Jonathan, while answering questions from Nigerians at a town hall meeting in Minnesota, United States on Sunday, according to a […]

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Be ready for life without Oil Revenue, Bishop Kukah warns Nigerians

Catholic Bishop of Sokoto Diocese, Nigeria, Dr. Mathew Hassan Kukah has enjoined Nigerians to prepare for a post oil withdrawal syndrome (POWS), noting that 60 years after oil was first found in commercial quantity, the nation could neither feed itself nor adequately educate its youths or provide power. Kukah also blamed multinational companies operating in […]

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