• Recession: Emir Sanusi urges FG to sell refineries, oil assets

    Recession: Emir Sanusi urges FG to sell refineries, oil assets

    According to reports, the Emir of Kano, Muhammad Sanusi II, on Wednesday joined several prominent Nigerians and industrialists calling on the Federal Government to sell out some national assets to enable the country wriggle out of recession.

    Speaking in Lagos, at the launch of the 2016 Banking Sector Report published by the Afrinvest West Africa Limited, Sanusi said one of the options available to government is to sell down some oil assets and the refineries to private sector operators that will […]

  • Nigeria records losses, N51bn in 4 months to militant attacks on oil assets

    Nigeria records losses, N51bn in 4 months to militant attacks on oil assets

    Nigeria has over the last four months, between January to April 2016, lost N51.388 billion to pipeline vandalism, and the country is poised to record more of such losses if the current spate of pipeline bomings by militant groups in the Niger Delta region is not addressed.

    With the second bombing of the Forcados Export Pipeline and the bombing of other oil and gas assets in the region in recent times, the loss to trhe country is expected to escalate when […]