NEWS
4 Feb 2012 Shippers Cautious On Piracy’s Emerging Market – West Africa
Shippers are on the alert as instability in Nigeria threatens to worsen an already serious problem with piracy in the Gulf of Guinea, a key trade route for commodities such as crude oil and cocoa.
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4 Feb 2012 Tackling crude theft and corruption on the coasts
Nigeria loses thousands of barrels of crude oil daily to crooks and thieves seemingly flourishing unimpeded on the coast lines of the nation, particularly in the Niger Delta area. Reports suggest that these unlawful activities cost the country over 250,000 barrels of crude oil per day, estimated at almost $4 billion.
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3 Feb 2012 Ex-militants issue two-week ultimatum to Fed Govt
There is a fresh security concern in the Niger Delta as aggrieved former militant leaders have given the Federal Government a two-week ultimatum to address their grievances or face a renewed attack on oil installations and foreign interests in the region.
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2 Feb 2012 15 suspects remanded for bunkering in Rivers
A Magistrate Court in Port Harcourt, on Wednesday, remanded 15 persons including a woman, for allegedly involvement in illegal petroleum product transactions in Rivers State.
The accused persons, who were arraigned on a three-count charge, were arrested on January 30, this year, by the Nigeria Security and Civil Defence Corps (NSCDC) in Eleme and Etche Local Government Areas of the State
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2 Feb 2012 How gunmen bombed home of ex-militant leader in riverine Bayelsa
Just as residents of Yenegoa, the Bayelsa State capital were trying to put behind them the near catastrophe that jolted the capital city, when Tombia bridge was bombed, a more audacious attack was launched on the riverside Olugbobiri community in the Southern Ijaw council area by unknown armed gunmen who bombed a section of the country home of ex -militant leader, Mr. Africa Ukpariasa, popularly known as Gen Africa.
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2 Feb 2012 Illegal Bunkering: NSCDC Arrests Monarch, Four Others
Operatives of the Delta State Command of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested a traditional ruler, Solomo Akpochi, from Otukpo, Benue State and four others for being in possession of a tanker with 33, 000 litres of petrol.
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2 Feb 2012 Tackling crude theft and corruption on the coasts
Nigeria loses thousands of barrels of crude oil daily to crooks and thieves seemingly flourishing unimpeded on the coast lines of the nation, particularly in the Niger Delta area. Reports suggest that these unlawful activities cost the country over 250,000 barrels of crude oil per day, estimated at almost $4 billion.
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1 Feb 2012 EFCC quizzes 15 suspects over illegal bunkering
NO fewer than 15 suspects are being detained over alleged illegal bunkering of about 30,000 litres of petroleum products, the Economic and Financial Crimes Commission (EFCC) said yesterday.
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1 Feb 2012 Nigeria: FG Sends 146 Ex-Militants Abroad for Studies
The Federal Government yesterday sent 146 ex-militants for university education in South Africa and Belarus. The youths are billed to spend five year for university education in electrical, computer, and petro-chemical engineering and radio informatics, a statement by the spokesman of the amnesty office, Mr. Henry Ugbolue, said.
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1 Feb 2012 Shell Lifts Force Majeure on 70,000bpd Oil Export
Shell Petroleum Development Company (SPDC) has lifted the force majeure declared on Bonny crude export, after crude oil thieves damaged the 24-inch Nembe Creek Trunkline in Bayelsa State.
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1 Feb 2012 South Sudan: The Ever-Desperate Monster
The recent decision by the Hon. Council of Ministers of Republic of South Sudan (RSS) to close down the operations of oil producers within the territory of the Republic was highly praised and commended by many South Sudanese; though it was considered as being late.
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