₦airaland Forum

They want to impeach GEJ because he no wan release money for their bogus projects.
I guess they are broke and looking for ways to make extra money.

eelvismd: Hello house,

Follow the link below for the Authentic PIB

http://serving.thisdaylive.com/0BEF99D6-ACF5-4E2C-9779-8FA02BA3FCD4/assets/pib_160712v1.pdf

Thanks for the link

The Federal Government has scrapped the Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulatory Agency (PPPRA) under its planned reform of the oil sector.


They are to be replaced with the Petroleum Technical Bureau (PTB) and Downstream Petroleum Regulatory Agency (DPRA), if the Petroleum Industry Bill (PIB) is passed by the National Assembly.

The House of Representatives, yesterday, returned the PIB to President Goodluck Jonathan, claiming that it has no time to consider the bill because of its impending vacation.

But the Senate has promised not to delay the bill’s passage.

Under the bill, the government is offering 30 per cent equity to Nigerians in the unbundled Nigerian National Petroleum Corporation (NNPC).

Another major provision of the bill sent to the lawmakers on Wednesday is the government’s decision to ensure total deregulation of the downstream sector.

According to a copy of the bill obtained last night by our correspondent, the new agencies that will emerge from NNPC, three months after the bill is signed into law, are National Oil Company, National Petroleum Assets Management Corporation, and National Gas Company.

Nigerians and other investors will have the opportunity to own 30 per cent shares in the National Oil Company and 40 per cent in National Oil Gas Company.

http://ascology.com/news/business-finance/26358-scraps-DPR-PPPRA-under-planned-reforms.html?utm_source=&utm_medium=twitter

Fresh Air..

madjune: 10% to GEJ, 10% to Deziani and 10% to Aruma Oteh, that is, once she resumes. E don finish naa. No be Nigerians buy am?

What about the senators that will approved it ni?

antsut: You and me. Is it not worth taking the risk?

I say a big amen to that..

edicolove: You really want me to give you an essay on it? I can if you can pay for my time. I am very much informed in these matters.

I take God beg you,we need to see the essay

Super1759: 6 plots of land makes a hectare.6 times 25000 is 150,000plots of land. Like he was trying to create his own republic

Lord have mercy

Under the bill, the government is offering 30 per cent equity to Nigerians in the unbundled Nigerian National Petroleum Corporation (NNPC).

Another major provision of the bill sent to the lawmakers on Wednesday is the government’s decision to ensure total deregulation of the downstream sector.

According to a copy of the bill obtained last night by our correspondent, the new agencies that will emerge from NNPC, three months after the bill is signed into law, are National Oil Company, National Petroleum Assets Management Corporation, and National Gas Company.

Nigerians and other investors will have the opportunity to own 30 per cent shares in the National Oil Company and 40 per cent in National Oil Gas Company.

http://www.thenationonlineng.net/2011/index.php/news/54560-govt-scraps-dpr-pppra.html

I WONDER THE NIGERIANS THAT WILL GET THIS 30%?

There is fire on the mountain again in the Nigerian political atmosphere and Olufamous.com gathered that if something drastic is not done to avert the looming danger the country might just be thrown into another round of National mourning through a monumental air disaster.

The man of God at the Synagogue of All Nations Church, Prophet Temitope Joshua has released yet another very troubling prophesy and this time it is about Nigerian political leaders.

During a Sunday Service on July 15, 2012, Olufamous.com gathered that he revealed that another terrible plane crash looms in Nigeria. He said the plane crash if not averted would involve political bigwigs in Nigeria, adding that the crash will not affect those regarded as poor people.

He further revealed that it will happen when the top political leaders will be going for a meeting, and that they will be between 9 to 12 in number, and they will all perish.

The plane crash will shake Nigeria if allowed to happen, Prophet TB Joshua said.

The man of God however disclosed that this one can be averted if the said politicians do not travel together whenever they are embarking on such trip, saying the devil plans to kill them together.

Once again, from antecedents, a word is enough for the wise!




Source: OluFamous
Please do not hesitate to leave your opinion in the comment section below. To contact DailyPost Nigeria for Article Submission, News tip and Advertisement: newsdesk@dailypost.com.ng

LONDON - Nigeria this week finally signed contracts allocating supply of its oil in the coming year in a string of deals worth around $60 billion.

The Nigerian National Petroleum Corp, or NNPC, awarded 50 companies 1.59 million barrels a day of oil for the period from August 2011 to July 2013, a list of term contracts seen by Dow Jones Newswires showed Friday.

Based on the current price of Brent crude, the supply deals are worth $159 million a day, or just under $60 billion a year.

The process of allocating term supply has dragged on for months, creating uncertainty in the market over future supply due to a dispute in Nigeria over the initial terms of application.

Africa's largest oil producer first invited companies to apply for term contracts in late March, but this deadline was extended later after the state-owned oil company was accused of favoring international companies and ignoring the Nigerian Content Act.

The Nigerian Content Act was passed in 2010 in a move to increase Nigerian companies' role in the country's oil industry.

Unlike last year, when big trading companies like Trafigura Group, Vitol Holding B.V. and Glencore International PLC were awarded large volumes of crude, this year their allocation was halved, the list showed. The number of companies to receive term supply rose from 45 in 2011 to 50 in 2012 with a large number of Nigerian companies included in the mix.

However, traders on the West African market said many of the barrels would likely end up with the usual suspects--trading companies or oil majors--despite the large volume of term contracts awarded to new participants. Many of the smaller companies are expected to sell on their allotted volume to the larger players.

"The question is where those barrels will end up...if [the companies] front majors or traders," said one trader with large international oil company in Nigeria.

Asian companies, Indian Oil Corp. and Sinopec, continued to receive the largest volume of oil under the term contracts, with both companies set to receive 60,000 barrels a day each.

Copyright (c) 2012 Dow Jones & Company, Inc.

Please, what happens if no full moon is seen?

Neoviper147: [size=18pt]Guys, lets shift or hide the moon...[/size]

brownlord: You are very foolish, what about the ones that end up as kidnappers armed robbers and even the ones that died as a result of cult clashes in ekosodin and environ, olodo like u

@BROWNLORD...The guy's comment didn't warrant your insult..smh[size=12pt][/size]

Beaf and billyonaire

Australia's Qantas Airways , is the latest company to drop Research in Motion Ltd's Blackberry after employees voted in favor of Apple's iPhone in a survey.


RIM virtually invented mobile e-mail, making it the phone of choice for companies when it rolled out its first BlackBerry devices more than a decade ago. But its market share has evaporated as consumers flock to iPhones and other devices based on Google Inc's Android system.

Qantas said it was replacing 1,300 company-issued Blackberrys with iPhones and the savings at the end of the program would be about A$1.4 million ($1.43 million). IBM was also reported to be dropping RIM for iPhones for 500 employees in Australia.

"Transition from the Blackberry to the iPhone is part of Qantas' broader mobility strategy and once complete will result in significant cost savings," the airline said.

"Savings will come from simplifying the infrastructure supporting the devices, from the devices themselves and from the data agreements reached with our providers."

RIM last month posted its first operating loss in eight years and it was much deeper than expected. The company also said it was cutting 5,000 jobs, almost a third of its workforce, as it struggles to survive.

http://ascology.com/news/business-finance/26308-Australias-Qantas-Airways-drops-Blackberrys-for-iPhones.html

ifihearam: Who receives the money??

Am asking the same question too..

Acidosis: in own too much self abeg. .e just carry government and Lagos for head like say na him property.

Maybe you are an army..smh for you

executinal: . . . . . and this again?? whats up with Farouk and Ote$ stuff

Its now history

klairekk: boy which fon b dat....a customer is waitin

same here ohhh

ebamma: he should tell this to the chinese who makes them chinko phones

I wonder oh

brownlord: Bros no be abt brainooo, for real Nigerians are been too foolish, I was thinkin this case is even a movie, not knowing is even a season film. Everyweek they release 1 episode, and we all sit in front of computer or phone and get entertain, at the expense of our future and resources been mismanaged by few criminals all in the name of leaders, we are just there trying to try and hope tins we get better somedaay, and our leaders, they know hw to deal with us cos they already know we are fools, everyone is afraid to die, yet the death comes to mmet us even in our various home, count the numbers of death for the past weeks and tell me if we not fool, I knw we going to accept this, but its a shame

I feel you bros

mz_ahmakar: More than 90 people were burnt to death while scooping fuel from a fallen tanker after the tanker exploded at Okobe in Ahoada West Local Government Area of Rivers State. More photos when you continue...

*Viewer discretion advised*

Lord have mercy....

Miracles still do happen...

[quote author=Kobojunkie]Government should name just 5 projects it has "successfully" completed. Before it completes 6,294, let's start with just 5.

spot on

THE INSULTS AND ABUSES.

Beaf: --Beaf sharpens cutlass, quietly chews cassava bread, awaits the next victim... Or friend---

Bros you get time wella

aydj: The website is www.fibonicci.com. Check the abstract questions, solutions are there too. Quite some fun. Gudluck.

thanks

Decee: Frndz d hour has cum.i wish 2 say dat 4 dose askin 4 materials,pls check www.fibonacci.com and also www.psychometricreasoning.com.u ll find practice questions on all question type with detailed explanatn.study dem carefuly n it ll help i bliv.gudluck 2 us all,we r der already by God grace.

the websites are not opening

Billyonaire: There has not been improvement in supply except, I am always sure of electricity from 11pm to 7am daily of late.

In my area, it is from 11pm to 6:30pm..although, they might take the light in between these times but it comes up within 5 minutes.

Nicklee: 'To Build', 'Set to', 'Poised to', MOU this and MOU that. Shut up and work. We want to read - 'FG commissions...', 'ABC refinery with ijk bbl/d comes on stream...', 'XYZ power station feeds ABC MW to national grid...', ' ABC university develops XYZ electronic device that will compete with similar product in China', etc. That is what we want to hear! We've been hearing MOUs and their likes since the days of Sani Abacha! Please, spare us the rhetoric and get down to work. Then come back and announce your successes so we can congratulate you and celebrate as a nation! And please stop wasting government resources on paid nairaland propagandists - they have infiltrated this community with their government-resources backed power to drum the rhetorics into our ears. We are tired! Let us celebrate substance for once! Please give us something substantial to celebrate! haba, is this too much to ask?

SUPPORTED...i feel you die