Oil & Gas  

Gas flaring rises by 27%, says NNPC

The volume of natural gas flared by oil and gas companies in the country has hit its highest level in more than a year, as it increased to 27.4 per cent in August. http://punchng.com/gas-flaring-rises-by-27-says-nnpc/  

35 apply to build modular refineries in Niger Delta

The Presidency on Sunday disclosed that the Federal Government received 35 applications for the establishment of modular refineries in the Niger Delta as part of the present administration’s efforts aimed at repositioning the region. http://punchng.com/35-apply-to-build-modular-refineries-in-niger-delta/  

Stakeholders raise the alarm over illegal refineries in Niger Delta

Stakeholders have expressed fears that operation of illegal refineries in Niger Delta has become an unwholesome practice that would be difficult to stop. https://guardian.ng/news/stakeholders-raise-the-alarm-over-illegal-refineries-in-niger-delta/  

$25B NNPC Contract: Why probe is yet to take off one month after

Thirty-eight days after the Senate resolved to investigate the alleged abuse of due process in the award of contracts worth $25b by the Nigerian National Petroleum Corporation (NNPC), the investigation is yet to commence in earnest. https://guardian.ng/news/25b-nnpc-contract-why-probe-is-yet-to-take-off-one-month-after/  

Editors caution Avengers over threat to resume attack on oil facilities in Niger Delta

The Nigerian Guild of Editors (NGE) has expressed worry over the threat by the Niger Delta Avengers to resume attacks on oil facilities in the oil-rich Niger Delta region.The Guild calls on the Avengers to drop the threat and embrace dialogue in resolving their grievances. https://guardian.ng/news/editors-caution-avengers-over-threat-to-resume-attack-on-oil-facilities-in-niger-delta/  

As Oil Facilities, Economy Face New Threat…

As armed groups in the Niger Delta threaten to resume attacks on oil infrastructure, Olaseni Durojaiye examines the looming danger to the economy. http://www.thisdaylive.com/index.php/2017/11/12/as-oil-facilities-economy-face-new-threat/  

FG Unfolds Fresh Plans for Niger Delta Devt

In view of the recent threat by the Niger Delta Avengers (NDA) to resume attacks on oil installations, the federal government at the weekend released plans for the development of the volatile oil-rich Niger Delta region. https://www.thisdaylive.com/index.php/2017/11/13/fg-unfolds-fresh-plans-for-niger-delta-devt/  

As the Debate on Oil Exploration in the North Intensifies

Like a premeditated incident, last week, three stories were published by different newspapers on this subject; one by this author, deepening the debate on the viability of the renewed push for oil exploration in the frontier basins in the North https://www.thisdaylive.com/index.php/2017/11/12/as-the-debate-on-oil-exploration-in-the-north-intensifies/  

FG needs to do more on oil prospecting in inland basins – Nwosu

Mr Chikezie Nwosu is the chairman of Society of Petroleum Engineers (SPE), Nigeria Council as well as the Deputy Managing Director (Technical) at Addax Petroleum. https://www.dailytrust.com.ng/fg-needs-to-do-more-on-oil-prospecting-in-inland-basins-nwosu.html   Other News

2018 Budget: Another round of motion without movement

“It’s a cycle and the movement around it must return to the same point. The Sayers will not go wrong and the outcome must be the same,” says a retiree from the Federal Ministry of Education, Mr. Mike A. Iheaka.

https://guardian.ng/business-services/2018-budget-another-round-of-motion-without-movement/

CBN writes banks, requests for accounts without BVN

The Central Bank of Nigeria has written a letter to the Deposit Money Banks in the country, asking them to submit list of customers and bank accounts without bank verification number. http://punchng.com/cbn-writes-banks-requests-for-accounts-without-bvn/  

Banks weigh recapitalisation options as pressure mounts

Pressure is mounting on banks in the country to bolster their capital base as a result of developments in the economy http://punchng.com/banks-weigh-recapitalisation-options-as-pressure-mounts/

NCAA warns airline operators of imminent harmattan haze

The Nigerian Civil Aviation Authority has issued a weather alert to all airline operators in the country. http://punchng.com/ncaa-warns-airline-operators-of-imminent-harmattan-haze/  

Federal retirees demand pension arrears review

Federal retirees have called on the Federal Government to urgently pay their outstanding 18 per cent of the 33 per cent pension increase. http://punchng.com/federal-retirees-demand-pension-arrears-review/  

2018 budget cannot grow Nigeria’s economy – Rewane, others

The 2018 budget recently presented by President Muhammadu Buhari to the National Assembly lacks the capacity to grow the economy, the Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, and other stakeholders in the academia and industry have said. http://punchng.com/2018-budget-cannot-grow-nigerias-economy-rewane-others/     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