Oil & Gas-

Nigeria spent N9tr on fuel subsidy in 10 years – PPPRA

The Petroleum Products and Pricing and Regulatory Agency (PPPRA) has said that over N8.97 trillion has been expended on fuel subsidy under Petroleum Support Fund (PSF) scheme between 2006 to 2016. https://www.dailytrust.com.ng/nigeria-spent-n9tr-on-fuel-subsidy-in-10-years-pppra.html  

Nigeria, two others drive world gas reserves higher

World gas reserves increased by 0.9 per cent last year, driven by the United States, Nigeria and Iraq, according to the newly released World Oil and Gas Review by Italian oil major, Eni. http://punchng.com/nigeria-two-others-drive-world-gas-reserves-higher/  

Oil: Nigeria, others face regulatory challenges, says PwC

The oil and gas industry in Nigeria and other African countries continues to face market challenges arising from low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. http://punchng.com/oil-nigeria-others-face-regulatory-challenges-says-pwc/   Bonga oil spill victims drag Shell to UK court A GROUP, under the aegies of Oil Spill Victims Vanguard, OSPIVV, has dragged Royal-Dutch Shell Plc, Shell Nigeria Exploration and Production Company, SNEPCO, to court in the United Kingdom over its failure to pay N3,600,191,206.00 compensation to affected victims and communities of the Bonga Oil Field. https://www.vanguardngr.com/2017/11/bonga-oil-spill-victims-drag-shell-uk-court/  

Ondo, NNPC sign MoU on biofuel plant

The Nigerian National Petroleum Corporation on Wednesday announced that it had signed a Memorandum of Understanding with the Ondo State Government to establish a 65 million litres per annum biofuel plant in Okeluse, Ondo State. http://punchng.com/ondo-nnpc-sign-mou-on-biofuel-plant/ https://www.thisdaylive.com/index.php/2017/11/02/nnpc-begins-oil-exploration-biofuel-projects-in-benue-ondo/   Other News  

TSA probe: Reps threaten Emefiele, Baru with arrest

The House of Representatives on Wednesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, over the total accruals into the Treasury Single Account since inception. http://punchng.com/tsa-probe-reps-threaten-emefiele-baru-with-arrest/   Apapa Gridlock: FG moves cargo delivery from Lagos ports to Ogun State THE Federal Government has concluded plans to make importers take delivery of their cargoes cleared from Lagos ports at Papalanto in Ogun State via rail lines https://www.vanguardngr.com/2017/11/apapa-gridlock-fg-moves-cargo-delivery-lagos-ports-ogun-state/   Labour urges FG to include governors, workers in NIC ‘INDUSTRY and investment are too important to be left with investors alone.” These were the words of Organised Labour while calling on the Federal Government to expand the membership of the National Industrial Council, NIC, to include labour and state governors for the council to deliver on its mandate. https://www.vanguardngr.com/2017/11/labour-urges-fg-include-governors-workers-nic/   Labour to employers: Retrain, don’t sack workers I N recent times, new lexicons have been creeping into the nation’s industrial relations practice with words such as redundancy, rightsizing, downsizing, restructuring and the likes now as euphemism instead of sack. https://www.vanguardngr.com/2017/11/labour-employers-retrain-dont-sack-workers/  

Malami Given Mandate to Recover $321m Abacha Loot from Switzerland

The federal government Wednesday empowered the Attorney-General of the Federation (AGF) and Minister of Justice Abubakar Malami (SAN) to sign an agreement between Nigeria and Switzerland for the repatriation of $321 million linked to former military Head of State, the late Gen. Sani Abacha, at the forthcoming global forum in the United States in December. https://www.thisdaylive.com/index.php/2017/11/02/malami-given-mandate-to-recover-321m-abacha-loot-from-switzerland/  

‘National minimum wage lower than N60,000 insult to workers’

Comrade Mohammed Yunusa is the President General of the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC). https://www.dailytrust.com.ng/-national-minimum-wage-lower-than-n60-000-insult-to-workers.html   This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system