NEWS REVIEW FOR MONDAY, FEBRUARY 12, 2018

Oil & Gas

‘Egina recorded over 50% Nigerian Content’

The Nigerian Content achievement recorded on the Total Upstream Egina deepwater project exceeded 50 percent, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, said on Wednesday.

https://www.dailytrust.com.ng/-egina-recorded-over-50-nigerian-content.html

 

Reps ask PEF to settle debts owed petroleum transporters

A House of Representatives panel has asked the Petroleum Equalisation Fund (PEF) to ensure that it quickly and promptly settles all outstanding debts it owes petroleum transporters in the country.

https://www.dailytrust.com.ng/reps-ask-pef-to-settle-debts-owed-petroleum-transporters.html

 

Dangote graduate trainees vows to end fuel scarcity

Newly trained Dangote Refinery graduate engineers have promised an end to the ongoing fuel scarcity in the country when  the Refinery takes off.

https://www.dailytrust.com.ng/dangote-graduate-trainees-vows-to-end-fuel-scarcity.html

 

‘Why Kaduna refinery is not working, profitable’

On Thursday February 15, it would be exactly one month since the Kaduna Refining and Petrochemical Company (KRPC) shut down operations, due to the non-availability of crude oil.

https://guardian.ng/news/why-kaduna-refinery-is-not-working-profitable/

 

Nigerians deserve to know crude oil lifting data – PWYP

The Civil Society Organisation Publish What You Pay (PWYP) Nigeria has called on the Federal Government to ensure that Nigerians know the exact quantity of crude produced and lifted daily.

 https://www.dailytrust.com.ng/nigerians-deserve-to-know-crude-oil-lifting-data-pwyp.html

PDP asks Buhari to quit as petroleum minister

The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari ‎to quit as Minister of Petroleum Resources in view of the lingering fuel crisis in the country.

https://www.dailytrust.com.ng/pdp-asks-buhari-to-quit-as-petroleum-minister.html

 

Nigeria to export 1m barrels of first oil from $16bn Egina project

There are indications that the coming on stream of the $16 billion Egina project will enhance the revenue profile of Nigeria and other stakeholders as plans have been concluded to export one million barrels in January, 2019.
https://www.vanguardngr.com/2018/02/nigeria-export-1m-barrels-first-oil-16bn-egina-project-january-2019/

 

DPR Embraces Automation of Downstream Operations

The recent introduction of online registration of coastal vessels operating in Nigeria’s territorial waters and fuel retail outlets in the country by the Department of Petroleum Resources will enhance the digitalisation of operations in the downstream sector and improve the country’s position in the global Ease of Doing Business ranking.

http://www.thisdaylive.com/index.php/2018/02/11/dpr-embraces-automation-of-downstream-operations/

 

Host communities condemn attack on oil firm’s manager

An attack on the Public Affairs Manager of ExxonMobil, Mrs. Regina Udobong, has been condemned by youths in the oil company’s host communities of Ibeno, Eket, Esit Eket, and Onna Local Government Areas of Akwa Ibom State.

http://punchng.com/host-communities-condemn-attack-on-oil-firms-manager/

 

NNPC, Kogi to sign biofuel production MoU Tuesday

The Nigerian National Petroleum Corporation and the Kogi State Government will on Tuesday sign a Memorandum of Understanding for the production of ethanol, an organic biofuel that can be used to power automobiles.

http://punchng.com/nnpc-kogi-to-sign-biofuel-production-mou-tuesday/

 

Buhari’s re-election bid fueling sleazes in oil sector, PDP alleges

The Peoples Democratic Party (PDP) has alleged that the President Muhammadu Buhari’s re-election bid has promoted large-scale corruption in the petroleum sector, a development, which he has refused to address.

https://guardian.ng/news/buharis-re-election-bid-fueling-sleazes-in-oil-sector-pdp-alleges/

 

DPR Cautions Filling Stations against Cheating

The Department of Petroleum Resources (DPR), Eastern zone has fined one filling station appropriately in Owerri metropolis, capital of Imo State for under dispensing premium motor spirit (PMS).

http://www.thisdaylive.com/index.php/2018/02/12/dpr-cautions-filling-stations-against-cheating/

 

Military Takes Over Oil Rich Ugborodo Community, Kills One Pirate in Delta

There was a fierce shoot out between suspected oil thieves, pirates, armed youths and heavily armed soldiers from the Joint Task Force (JTF) code-named Operation Delta Safe yesterday in  the troubled oil-rich Ugborodo community in Escravos, Warri South-West Local Government Area of Delta.

https://www.thisdaylive.com/index.php/2018/02/12/military-takes-over-oil-rich-ugborodo-community-kills-one-pirate-in-delta/

 

Other News

Nigeria’s poverty level worrisome — DG, Budget Office

The Director-General, Budget Office of the Federation, Ben Akabueze, in this interview with journalists speaks on the challenges of budget implementation and efforts by the government to get the country back to a predictable budget year

http://punchng.com/nigerias-poverty-level-worrisome-dg-budget-office/

 

Customers continue to pay more on loans, earn less on deposits

Except the seven-day and one-month maturity deposit rates, all other forms of deposits in the banking industry lost values in the fourth quarter of 2017, when compared with the third quarter records.

https://guardian.ng/business-services/customers-continue-to-pay-more-on-loans-earn-less-on-deposits/

 

Slash legislators’, ministers’ pay by half, Sanusi tells Buhari

Emir of Kano, Sanusi Lamido Sanusi II has canvassed for a review of the salaries of National Assembly members and minsters by half with a view to creating more jobs for Nigerian unemployed youths.

https://guardian.ng/news/slash-legislators-ministers-pay-by-half-sanusi-tells-buhari/

 

Health Workers Give FG 21-day Strike Notice

A strong indication of an  industrial strike in the health sector emerged yesterday as members of Joint Health Sector Unions (JOHESU) and Assembly of Healthcare Professional Associations (AHPA) have vowed to embark on a nationwide strike if the federal government does not address their three discontentment.

https://www.thisdaylive.com/index.php/2018/02/12/health-workers-give-fg-21-day-strike-notice/

 

OHCSF, AIG Move to Reposition Nigeria’s Civil Service

The Office of the Head of the Civil Service of the Federation (OHCSF) and the Africa Initiative for Governance (AIG) recently reiterated their joint commitment to reforming the Nigerian Civil Service in a private-public partnership.

http://www.thisdaylive.com/index.php/2018/02/12/ohcsf-aig-move-to-reposition-nigerias-civil-service/

 

Agusto & Co: Nigeria’s Borrowing Binge, a Fiscal Time Bomb

Nigeria’s research and rating agency, Agusto & Co, has stressed the need for the federal government to address what it described as the “fiscal risks lurking in Nigeria’s deficit,” projected at over N3trillion in 2018 alone.

https://www.thisdaylive.com/index.php/2018/02/12/agusto-co-nigerias-borrowing-binge-a-fiscal-time-bomb/

 

 

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