NEWS REVIEW FOR TUESDAY, JANUARY 9, 2018

Oil & Gas

Nigerians speak on latest fuel crisis

If all refineries are 100% performing today, they can only meet the estimated fuel need of four decades ago when they were built. Let us wait on Dangote to do what past and present administrations could not do for Nigerians
https://www.vanguardngr.com/2018/01/nigerians-speak-latest-fuel-crisis/

 

Nigeria among 10 cheapest places to buy petrol – Report

With a pump price of N145 ($0.40) per litre, Nigeria has been ranked as the eighth cheapest place in the world to buy petrol.

http://punchng.com/nigeria-among-10-cheapest-places-to-buy-petrol-report/

 

Why we can’t control price — DPR

FOLLOWING the inability of the Federal Government to stop the selling of fuel above pump price, the Department of Petroleum Resources, DPR, Zonal Controller Southeast, Mr. Peter Ikechukwu Eje, yesterday, said the workforce available may not be enough to achieve the result.
https://guardian.ng/business-services/governments-failure-boosts-illegal-refineries-operations-in-niger-delta/

Missing 4,501 fuel trucks to finance Buhari’s re-election — PDP

THE Peoples Democratic Party, PDP, has alleged that the missing 4,501 trucks of petroleum products, disclosed by Managing Director, Nigeria National Petroleum Cooperation, NNPC, Dr. Mikanti Baru, was geared towards financing the re-election of President Muhammadu Buhari in 2019.
https://www.vanguardngr.com/2018/01/missing-4501-fuel-trucks-finance-buharis-re-election-pdp/

 

Electricity supply to rise as NNPC restores Escravos gas pipeline

The country’s electricity supply situation is set to improve as the Nigerian National Petroleum Corporation, NNPC, yesterday, said it had concluded repair works on the Escravos-Lagos Pipeline, ELP, and gas supply had been restored to the affected power plants.
https://www.vanguardngr.com/2018/01/electricity-supply-rise-nnpc-restores-escravos-gas-pipeline/

http://punchng.com/burnt-pipeline-resumes-gas-supply-to-power-firms/

 

KRPC female workers to give Kaduna orphans scholarship

Female workers of the Kaduna Refining and Petrochemicals Company Limited (KPRC) have disclosed plans to award scholarship and give medical assistance to selected orphans in the state.

https://www.dailytrust.com.ng/krpc-female-workers-to-give-kaduna-orphans-scholarship.html

 

Other News

Nigeria’s external reserves hit $40.4bn

As projected by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the Annual Bankers’ Dinner of the Chartered Institute of Bankers (CIBN) in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 Billion.
https://www.vanguardngr.com/2018/01/nigerias-external-reserves-hit-40-4bn-2/

 

Workers’ welfare and challenges of 2018

Even though 2017 was a very tough and challenging year for workers, pensioners and Nigerians generally with attendant loss of jobs, unpaid salaries and pensions, stunted minimum wage, rise in inflation, petrol scarcity across the country and the fall of the Naira, the organized labour remained optimistic that 2018 holds a more prosperous year.

https://guardian.ng/appointments/workers-welfare-and-challenges-of-2018/

 

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