NEWS REVIEW FOR FRIDAY, MARCH 24, 2017

Oil & Gas

Fall of oil price threatens government’s revenue projections

The fall in price of crude from $50 to $48 a barrel as at yesterday is threatening the revenue projections of the Federal Government.

https://guardian.ng/news/fall-of-oil-price-threatens-governments-revenue-projections/

 

Presidency, Niger Delta stakeholders meeting in Aso Rock

Chief of Staff to President Muhammadu Buhari, Abba Kyari is currently meeting Niger Delta stakeholders at the Presidential Villa, Abuja.

https://guardian.ng/news/presidency-niger-delta-stakeholders-meeting-in-aso-rock/

 

Crude swap: NNPC debunks claims Aiteo is owing

Bonga FPSO shut down will be well managed The Nigerian National Petroleum Corporation (NNPC) has debunked claims that Aiteo Eastern Exploration and Production Company is among the oil firms it is allegedly set to recover crude oil allocation accruals worth $42 million from spanning 2012 through 2014.
http://www.vanguardngr.com/2017/03/crude-swap-nnpc-debunks-claims-aiteo-owing/

 

Ex-militants caution on dangers of non-release of 2016 Amnesty fund

Former militant leaders in the Niger Delta region have again warned that the continuous delay in the release of the 2016 supplementary budgetary allocation for the Presidential Amnesty Programme may derail Federal Government’s peace initiative in the volatile region.

https://guardian.ng/news/ex-militants-caution-on-dangers-of-non-release-of-2016-amnesty-fund/

http://punchng.com/ex-militants-write-adeosun-protest-non-release-of-2016-amnesty-budget/

 

OMPALAN lauds FG over relocation order to oil firms

Delta State wing of the Oil Mineral Producing Areas Landlords’ Association of Nigeria, OMPALAN, has thrown its weight behind the Federal Government over its standing order to the exploratory and mining companies operating in the Niger Delta to move their headquarters to the host communities of their operations, saying, “The directive is the best move at the moment.”
http://www.vanguardngr.com/2017/03/ompalan-lauds-fg-relocation-order-oil-firms/

 

Nigeria – Sao Tome joint oil zone unproductive 15 years after

The commercial viability of over 500 million barrels of crude oil reserves stranded in the Nigeria – São Tomé and Príncipe Joint Development Zone (JDZ) remain uncertain, as the region is yet to produce its first oil 15 years after discovery.

https://guardian.ng/business-services/nigeria-sao-tome-joint-oil-zone-unproductive-15-years-after/

 

$12bn Trans-Sahara Gas Pipeline on track – NNPC

The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that it is committed to the Trans Saharan Gas Pipeline, TSGP, and that the project was still on track.
http://www.vanguardngr.com/2017/03/12bn-trans-sahara-gas-pipeline-track-nnpc/

 

Reps invite Emefiele, Kachikwu over alleged forex diversion

The House of Representatives on Thursday invited the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, and the Minister of State for Petroleum Resources, Dr Ibe Kachikwu  to appear before it on Monday, April 7.

http://punchng.com/reps-invite-emefiele-kachikwu-over-alleged-forex-diversion/

 

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Other News

‘The key to economy recovery is motivated and skilled workforce’

Issa Aremu is the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN). In this interview he granted at the inauguration of Abuja tailors branch into the fold of NUTGTWN, he speaks on the importance of government support to self employed small business operators in the country.

https://www.dailytrust.com.ng/news/labour/-the-key-to-economy-recovery-is-motivated-and-skilled-workforce/189972.html

 

Labour cautions Fed Govt on N500b Paris Club refund to states

Trade Union Congress of Nigeria (TUC) has urged the Federal Government to compel states to invest the N500 billion London-Paris Club refund on projects.

http://thenationonlineng.net/labour-cautions-fed-govt-n500b-paris-club-refund-states/

https://www.dailytrust.com.ng/news/labour/-labour-is-strategic-to-wealth-creation/189973.html

 

NAIRA WATCH: Panic grips forex dealers as Naira rises to N385/$

The Naira Thursday appreciated to N385 per dollar in the Abuja segment of the parallel market, causing panic and confusion among bureaux de change (BDC) operators.
http://www.vanguardngr.com/2017/03/naira-watch-panic-grips-forex-dealers-naira-rises-n385/

 

 

 

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