The Gazette reported on January 31 that Mr Tinubu greenlit the handover of OPL 245 to Shell and Eni after first cornering large onshore oil assets for Oando Plc.
Because the president had already cut a deal for his family business, he backed down from Nigeria’s civil lawsuits against Shell and Eni over a spurious 2011 settlement.
A seething senior administration official criticised the president as spending every day trying to “validate his worst inclinations as a dyed-in-the-wool con man.”
Mr Okwuosa said Africa was sitting on huge gas resources
Notwithstanding the raise in fuel pump price, independent petroleum marketers said supply remains an issue.
“This is injustice. How can there be a price difference of over N100 per litre in the same city? Look at the long queues of vehicles struggling to buy fuel at N220.”
The market breadth ended negative with 17 stocks on the losers’ charts, while 16 stocks gained.
The frequent collapse of the national grid will not affect the power supply for electric vehicles in future, says Oando vice president Ademola Ogunbanjo.
The market capitalisation increased by N130 billion to N27.828 trillion from N27.697 trillion the previous day.
The decline of 1.97 per cent was as a result of losses in large stocks such as Dangote Cement, WAPCO, GTCO and Oando.
