Oil workers seek FG’s commitment on refineries’ repair

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria are seeking the Federal Government’s commitment to the repair of the nation’s ailing refineries.

http://punchng.com/oil-workers-seek-fgs-commitment-on-refineries-repair/

PENGASSAN to FG: Implement Policies to Create Employment

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the federal government to implement improved policies and regulations that can grow investments in the oil and gas sector which will, in return, create more employment for Nigerians while securing existing ones. https://www.thisdaylive.com/index.php/2017/11/29/pengassan-to-fg-implement-policies-to-create-employment/   OPEC to debate capping Nigerian, Libyan oil output – sources OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday. https://www.vanguardngr.com/2017/11/opec-debate-capping-nigerian-libyan-oil-output-sources/ https://www.dailytrust.com.ng/opec-to-back-9-month-extension-of-oil-production-cut-as-meeting-begins-tomorrow.html  

NNPC Targets 15% Downstream Market Share, Builds Three New Mega Stations

The Managing Director of the Nigerian National Petroleum Corporation (NNPC) Retail Limited, Mr. Yemi Adetunji, on Tuesday disclosed that the downstream retail subsidiary of the corporation has set its sights on taking and satisfying about 15 per cent of Nigeria’s downstream petroleum market share in the next one year. https://www.thisdaylive.com/index.php/2017/11/29/nnpc-targets-15-downstream-market-share-builds-three-new-mega-stations-2/  

Oil Revenue Has Exceeded 2017 Budget Benchmark by 18%, Says NNPC

The Nigerian National Petroleum Corporation (NNPC) has stated that oil revenue in the first ten months of the year has exceed the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent, revealing that oil has sold at an average of $52.49 per barrel between January and October. https://www.thisdaylive.com/index.php/2017/11/28/oil-revenue-has-exceeded-2017-budget-benchmark-by-18-says-nnpc/  

DPR harps on safety in downstream oil, gas sector

Royal Dutch Shell on Tuesday announced plans to resume all-cash shareholder dividends, as group profitability improves thanks to recovering oil prices and cost-cutting. http://punchng.com/shell-resumes-all-cash-dividend-as-oil-price-recovers/  

Physically challenged persons’ protest at NNPC turns rowdy

The second day of the protest by some physically challenged persons at the Abuja headquarters of the Nigerian National Petroleum Corporation turned rowdy on Tuesday morning. http://punchng.com/physically-challenged-persons-protest-at-nnpc-turns-rowdy/  

Continued importation of dirty fuel raises fears

Millions of Nigerians risk health and economic consequences following Federal Government’s failure to meet deadline on importation of high sulphur (dirty) fuels. https://guardian.ng/news/continued-importation-of-dirty-fuel-raises-fears/  

Pakistan begins importation of Nigeria’s liquefied natural gas

Pakistan has begun the importation of Nigeria’s Liquefied Natural Gas (LNG) as part of efforts to deepen the economic relationship between the two nations. https://guardian.ng/news/pakistan-begins-importation-of-nigerias-liquefied-natural-gas/  

Barkindo Seeks Long Term Stability of Oil Market

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammad Barkindo, has stated that the focus of discussion among the cartel’s ministers that gathered in Vienna, Austria, yesterday was finding a way to stabilise the market over the long term. https://www.thisdaylive.com/index.php/2017/11/28/barkindo-seeks-long-term-stability-of-oil-market/  

Shell Nigeria Faults Amnesty International’s Report on Ogoniland

Shell Petroleum Development Company (SPDC) has denied a report by the Amnesty International alleging that a cache of thousands of internal documents suggested that the Anglo-Dutch oil giant’s complicity in crimes committed by the Nigerian military in the 1990s. https://www.thisdaylive.com/index.php/2017/11/29/shell-nigeria-faults-amnesty-internationals-report-on-ogoniland/    

Other news

Uproar as Senate debates 2018 budget proposal

Debate on the general principles of the 2018 budget proposal began on a heated note at the Senate yesterday, with some members describing the fiscal document as “unrealistic, ” “fictional” and “imaginary.” https://guardian.ng/news/uproar-as-senate-debates-2018-budget-proposal/  

Workers won’t vote for governors who owe salary – Labour leader

The General Secretary, Textile Union Workers, Mr Isa Aremu, on Wednesday, said the 2019 election would be determined by the dignity of labour and commitment in payment of workers’ salary. http://punchng.com/workers-wont-vote-for-governors-who-owe-salary-labour-leader/  

Budget: FG adjusts 2018-2020 MTEF/FSP by N1.5tn

The Federal Government on Monday gave details of the adjustments it made to the 2018-2020 Medium-Term Expenditure Framework and Fiscal Strategy Paper, explaining that they were incorporated in the 2018 budget proposal presented to the National Assembly on November 7 by President Muhammadu Buhari. http://punchng.com/budget-fg-adjusts-2018-2020-mteffsp-by-n1-5tn/  

Economy attracted $4.14bn investment in third quarter – NBS

The Nigerian economy attracted a total investment inflow of $4.14bn in the third quarter of this year, the National Bureau of Statistics has said. http://punchng.com/economy-attracted-4-14bn-investment-in-third-quarter-nbs/  

Senators, Reps pick holes in 2018 budget proposal

Both chambers of the National Assembly have berated the Federal Government’s 2018 budget proposal, saying its assumptions are unrealistic. http://punchng.com/senators-reps-pick-holes-in-2018-budget-proposal/   Salary: Govs pledge to make workers smile before yuletide THE 36 governors under the umbrella of Nigeria Governors Forum, NGF, yesterday, denied reports that President Muhammadu Buhari gave them an order to pay workers their salary arrears before Christmas. https://www.vanguardngr.com/2017/11/salary-govs-pledge-make-workers-smile-yuletid  

Financial Clout of States Should Determine Next Minimum Wage, Says Buhari

President Muhammadu Buhari has said the new minimum wage for workers in the country must take into consideration the ability of each tier of government to pay its workers. https://www.thisdaylive.com/index.php/2017/11/28/financial-clout-of-states-should-determine-next-minimum-wage-says-buhari/  

Clear Workers’ Salaries Before Christmas, Buhari Challenges Governors

President Muhammadu Buhari monday challenged the governors of the 36 states of the federation to pay up all salaries and arrears they owe their workers this festive season so they can have a befitting Christmas. https://www.thisdaylive.com/index.php/2017/11/28/clear-workers-salaries-before-christmas-buhari-challenges-governors/  

Senators Say 2018 Budget Projections Are Unrealistic

Debate on the N8.612 trillion 2018 Appropriation Bill opened Tuesday in both chambers of the National Assembly with senators faulting some of its projections, describing them as unrealistic. https://www.thisdaylive.com/index.php/2017/11/29/senators-say-2018-budget-projections-are-unrealistic/     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