Efforts by the Federal Government of Nigerian to attract foreign investors is yielding positive results as a group of French companies have indicated interest in investing in the country. The group is led by Phillippe Labonne, deputy CEO of Bollore Transport and Logistics and vice chairman of the Africa Committee of MEDEF International, a…
Recession: Fawehinmi Advocates Reduction In Price Of Petrol
Following the signing of budget into law and the possible growth in the revenue base of the country through non-oil exports, and other sources, Muhammed Fawehinmi, lawyer and rights activist has urged the Federal government to reduce the price of petroleum from N145 to N65 as a easiest way of tackling the high cost of…
Fuel Scarcity Hits Lagos, Abuja
Motorists and residents of Lagos, Abuja, Kwara and Oyo states are having hard times getting fuel at the filling stations as the nationwide strike embarked upon by oil workers has led to scarcity of fuel in some major cities in the country. Long queues are seen at different filling stations. Motorists now pay between N105…
The Politics of Privatisation of Refineries
After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In…
