Nigeria Soon To Launch $1 Billion Eurobond For Infrastructure Projects

Nigeria’s $1 billion Eurobond is poised to be unveiled before the end of September this year, Abraham Nwankwo, Director-General, Debt Management Office (DMO), told Business Day on Monday.

System collapse compounds power sector crisis

WEEKS of power shortages across the nation, punctuated by lamentations in the Ministry of Power over gas shortages and system collapse, have shown the futility of unduly tinkering with the Electric Power Sector Reform programme.

Oil states reject North’s demand for more revenue

Anger dripped from the reply of governors and stakeholders in the oil-producing states on Saturday to the 19 Northern governors’ demand for a review of the revenue formula to give more funds to them.

Gross indiscretions of the CBN Governor

PATENTLY indiscreet actions and remarks by the Central Bank of Nigeria Governor, Lamido Sanusi, continue to provoke a storm of protest, suspicion and concern, given the potential consequences for the image and credibility of the institution he represents.

Okonjo-Iweala’s glamorous hoax

I WATCHED the town hall meeting organised by the Newspaper Proprietors Association of Nigeria to debate the planned removal of fuel subsidy, on television. Ngozi Okonjo- Iweala, Minister for Finance, presented government’s position on the need to remove the subsidy. Her scholarly and studious visage conveyed the aura of expertise and credibility.

Full Text of the President's Broadcast: Petrol now N97 per litre

The Federal Government has reduced the pump price of petroleum from the controversial N141 per litre it announced on January 1, 2012.

Fuel subsidy removal: Tips for EFCC

Protesting Nigerians

THE Nigerian government claims that Nigerians consume 34million litres of petrol per day. Most experts disagree and give a figure between 20ml and 25ml per day. For this write up, I will use the government figure.

Why did you do this to us? Why did you let us down?

Ngozi Okonjo Iweala

AN OPEN LETTER TO Mrs. Ngozi Okonjo Iweala and Mr. Sanusi Lamido Sanusi

I would have wanted to also address in this letter, Mrs. Diezani Allison Maduekwe and Dr Goodluck Ebele Jonathan, but, since Nigerians don’t really know who you people are, except that Mrs. DAM was one of the top-staff in Shell, and is the First Minister of Petroleum Resources in Nigeria at least according to her twitter page (@diezanimadueke).

Labour insists on Monday strike

NLC President, Abdul Waheed Omar

(PUNCH) - With less than 24 hours to the nationwide strike to protest the removal of petroleum subsidy, organised labour has dismissed the possibility of reaching a compromise with the Federal Government to avert the strike.

Fuel subsidy removal: Labour declares war

NLC President Abdulwaheed Omar (middle) with other officials at the emergency meeting in Abuja. Photo: Sun news Publishing

The battle-line between organized Labour and the Federal Government was drawn yesterday with an ultimatum to the latter to let fuel subsidy stay or face indefinite nation-wide strike from January 9.

Fuel subsidy removal stirs anger, protests

Protests and anger on Monday greeted Sunday’s announcement of the removal of subsidy on petrol by the Federal Government.

Imo govt embarks on 4-year devt plan

Governor Rochas Okorocha

Governor Rochas Okorocha of Imo State says his administration embarked on massive projects few months of its inception due to prudence and sacrifice as against the past culture of heavy spending on recurrent expenditure.

Cash-lite: Operators to spend N315bn on ATM, PoS deployment

ATM Machine

As the January 1, 2012 take-off of the cash-lite economic system in Lagos draws closer, stakeholders, including Deposit Money Banks and Payment Terminal Service Providers licensed by the Central Bank of Nigeria, will spend N315bn to deploy new Automated Teller Machines and Point of Sale terminals, investigation has revealed.

Excess luggage

Senate President David Mark

With the latest critique and rejection of the recurrent expenditure-focused budget proposal for the year 2012 by the Senators Forum, indications are rife that the on-going budget debate may not just be a mere ritual; and the executive had better watch out for surprises.

Kumuyi, others advocate summit on subsidy removal

The General Superintendent of the Deeper Christian Life Ministry, Pastor William Kumuyi

The General Superintendent of the Deeper Christian Life Ministry, Pastor William Kumuyi, on Sunday advised President Goodluck Jonathan to listen to the outcries against the planned removal of fuel subsidy.

Fuel may sell for N139

Dr. Ngozi Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said that petrol may cost N139 per litre after the removal of fuel subsidy.

Transformation of Imo: Okorocha on the right track –Mbisiogu

Mbisiogu

(Daily Sun) - As the governor of Imo state, Owelle Rochas Okorocha consolidate good governance, the people of Imo State last week told the world that they are truly behind their Governor, Owelle Rochas Okorocha by rejoicing with him when the election petition tribunal seating in Owerri struck out a petition brought before it by the PDP challenging the victory of Owelle Okorocha in the April gubernatorial election.

FG Warns NLC Against Strike, Mass Protest

The Federal Government has warned the Nigeria Labour Congress (NLC) not to overheat the system with its threat to go on general strike and embark on mass protest over the 2012 budget and the non-provision of fuel subsidy in the budget.

The President's Provocative Plain, Plentiful Pain

President Jonathan

PRESIDENT Goodluck Jonathan is providing leadership by words. His prescriptions for surviving the plain and plentiful pain that increasing the price of petrol will cause are examples of how he leads us. Our President is out of touch with Nigerians – it shows.

Fuel Subsidy: Jonathan’s endless web of controversy

The success or otherwise of President Goodluck Jonathan’s planned fuel subsidy removal will go a long way in determining his administration’s place in history, JOSIAH OLUWOLE writes.