LAGOS MARCH 28TH (NEWSRANGERS)-A bill seeking to amend the 1999 Constitution to transfer control of natural resources, including oil fields, minerals, and natural gas, from the federal government to states has scaled second reading in the House of Representatives. The proposed legislation aims to restructure Nigeria’s resource governance framework, granting states greater autonomy over the…
LAGOS SEPTEMBER 11TH (NEWSRANGERS)-President Bola Tinubu must be able to explain to Nigerians in clear terms the areas he is applying the money generated from the removal of the subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, to justify his asking Nigerians to sacrifice more. These was the argument of Peter Obi, presidential…
LAGOS NOVEMBER 25TH (NEWSRANGERS)-Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and…
By Chief Malcolm Emokiniovo Omirhobo LAGOS DECEMBER 31ST (NEWSRANGERS)-The recent proposition of Former President Olusegun Obasanjo that Oil belong to Nigeria and not Niger Delta aroused my indignation to an unimaginable degree. I am angry not because I find his position to be very wrong and a bundle of falsehood but because he is deliberately…
LAGOS JUNE 22ND (NEWRANGERS)-Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last Thursday, the figure slid to $33.79 billion, as it dropped by $30 million. This represented a 0.09% decline…
LAGOS NOVEMBER 20TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in the trough. The corporation’s Group Managing Director, Mele Kyari, disclosed this in a statement issued in Abuja…
LAGOS JUNE 6TH (NEWSRANGERS)-Vice Presidential Candidate of the Peoples Democratic Party in the 2019 election, Mr Peter Obi, has described as a curse, Nigeria’s total dependence on oil revenue which, he said, has stopped people from critical thinking and innovating new ways to diversify the economy and generate more revenue. Obi made this known while…
By Okioma Amos LAGOS APRIL 30TH (NEWSRANGERS)- The disparity in the volume of oil spill from Shell’s field at Angiama community in Southern Ijaw Local Government Area in Bayelsa has cause disagreement amongst parties investigating the incident. Although the March incident has been traced to equipment failure, by corrosion, investigations indicate that the Joint Investigative Visit…