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All posts by Ottoabasi Abasiekong

  • NNPC Sets 2013 Revenue Target of $43.6 billion

    Obviously challenged by the value created by State Oil enterprises like Petrobraz(Brazil), Petronas (Malaysia), Pemex(Mexico), Saudi Aramco(Saudi Arabia) in the energy market,the Nigerian National Petroleum Corporation (NNPC) has given itself a revenue goal of $43.6 bn  for 2013....

    • Posted November 30, 2012
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  • Court Strikes out IBB $12.4 billion Gulf Oil Windfall Case

    Another attempt to bring accountability into the governance structure of Nigeria, suffered a setback as a suit seeking to unravel how the $12.5 billion oil windfall spent during the administration of General Ibrahim Babangida was dismissed by...

    • Posted November 30, 2012
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  • PPPRA Secretary Embarrassed by National Assembly, Walked Out of Session

    For not being able to give clear account and information on the amount that accrued from the sale of kerosene at 15 kobo per litre the Executive Secretary of the Petroleum Product Price Regulatory Authority (PPPRA) Mr. Reginald...

    • Posted November 29, 2012
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  • Debt Management and Economic Sustainability (18)

      Last week European Union Leaders met to work out modalities for the regional budget and also discuss the Greek debacle and any prospect of what can be done to salvage the troubled nation even as Portugal,...

    • Posted November 29, 2012
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  • NUPENG threatens Strike over Designation of Workers by Multinationals

      Following  delays over the payment of entitlements to contract workers by the Shell Petroleum Development Company of Nigeria, the Nigerian Union of Petroleum and Natural Gas (NUPENG) workers have given the Federal Government till Friday to intervene...

    • Posted November 29, 2012
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  • New Electricity Tariffs Stifling Growth of Small Businesses

    Despite the claims several weeks ago by the National Electricity Regulatory Commission boss Dr Sam Amadi  that the current electricity tariff in Nigeria is the best compared to other Nations in the globe, Small Businesses  in the country do...

    • Posted November 29, 2012
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  • Manufacturers Call for Increased Public-Private Sector Partnership

      The umbrella body for Manufacturers in the country the Manufacturers Association of Nigeria (MAN) has urged the Public and Private sector to make more collaborative efforts in ensuring that the  sector which used to be viable in...

    • Posted November 29, 2012
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  • Non-Oil Exporters Solicit Government Support

    In a bid to realizing the Nigerian dream of moving  from the era of over reliance on oil exports, which remains the major revenue earner for the country. Non-oil exporters have urged the Federal Government to create favourable...

    • Posted November 28, 2012
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  • Sanusi Advocates Budget Cuts to Reduce Unnecessary Recurrent Expenditure

    The dynamic, vocal and innovative Governor of the Central Bank of Nigeria Mr Lamido Sanusi has made an emphatic call for the reduction of budget allocation to recurrent expenditure, stressing it is inimical to the sustainable economic...

    • Posted November 28, 2012
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  • Africa Challenged to secure better deal from Developed Countries at Climate Conference

      As the Global Conference on Climate change commenced on Tuesday in Doha, Qatar, Africa  and other developing countries have been urged to make a strong case for a better deal in terms of sustainable development. Dr Victor...

    • Posted November 28, 2012
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