• FG approves four oil wells for Lagos, to commence payment of 13% derivation fund

    FG approves four oil wells for Lagos, to commence payment of 13% derivation fund

    The Federal Government today announced that four out of the five Aje oil wells have been approved for production of crude oil in Lagos.

    A team led by the Chairman of the Indices and Disbursement Committee of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Aliyu Mohammed, paid a courtesy visit to Lagos State Governor, Akinwunmi Ambode, at the Lagos House, Ikeja.

    Mohammed told Governor Ambode that the committee was in Lagos to verify crude oil and gas production from Aje Oil […]

  • We will blow up all exporting  terminals if FG fails to commence negotiations in two weeks – Niger Delta Militants

    We will blow up all exporting terminals if FG fails to commence negotiations in two weeks – Niger Delta Militants

    A militant group based in Bayelsa State, the Niger Delta Revolutionary Crusaders, NDRC, on Wednesday declared a two-week ceasefire to allow the Federal Government engage in meaningful negotiation with militants on how to resolve the crises in the Niger Delta region.

    In a statement signed by its spokesperson, WOI Izon-Ebi, the agitator warned that if after two weeks, “nothing meaningful happens; we have no option but to redirect our next phase of action to the exporting terminals to stop total export […]