NEWS REVIEW FOR THURSDAY, JULY 20, 2017
Oil & Gas
Downstream oil sector has $10bn investments deficit – Kachikwu
There is an absolute urgency for Nigeria to begin to address her infrastructural problems, Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu said yesterday.
FEC okays new policies for oil, labour
The Federal Executive Council (FEC) has approved new policies for oil and labour sectors, Minister of State for Petroleum Resources Dr. Ibe Kachikwu and Minister of Labour Chris Ngige said yesterday.
Senate okays private-public partnership for refineries’ repairs
The Senate has finally endorsed the private-public partnership (PPP) for the repair of the country’s four refineries.
Nigeria to explore African market for crude oil sale, says Kachikwu
The Minister of State for Petroleum, Dr. Ibe Kachikwu has announced that Nigeria would explore the possibility of selling crude oil to African markets. He spoke in Abuja yesterday at the 2017 edition of the Sustainability in the Extractive Industries (SITEI) conference.
Govt to replace kerosene with gas, says NNPC boss
The Federal Government is planning to make liquefied petroleum gas (LPG) the primary domestic fuel for cooking.
‘Nigeria’s crude production hits 2.2mb/d’
Nigeria’s crude oil production has risen to 2.2million barrel per day, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said.
Lagos oilfield dispute worsens, another investor heads for court
The dispute among joint venture partners in Aje oil field, offshore Lagos, appears to have escalated as another partner, EER (Colobus) Nigeria Limited, has gone to court.
We need more oil production to pay debt – Edozie
The Managing Director, Neconde Energy Limited, Frank Edozie, in this interview with ’FEMI ASU, talks about the impact of oil price drop and production disruption, among others, on local
Oil climbs as US crude, petrol supplies shrink
Oil rose after government data showed US crude and gasoline stockpiles continue to fall amid broader anxiety about a supply glut.
Ogoni cleanup: We’ve engaged illegal oil refiners — HYPREP
The Hydrocarbon Pollution and Remediation Project, HYPREP, yesterday, disclosed that it has engaged illegal oil refiners in Ogoni communities of Khana, Gokana, Tai and Eleme Local Government Areas of Rivers State in the clean-up process.
Addax pays $32m fine, closes Nigeria’s bribery case
Addax Petroleum has paid a $32m fine to close its Nigeria’s bribery case. African Energy Intelligence that confirmed the development, yesterday, stated: “Addax pays up, switches up its team and settles its legal case.”
Kachikwu calls for globalisation of Nigeria’s economy to attract foreign investors
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday called for the globalisation of the nation’s economy to attract more foreign investors in the country.
Taleveras complied with international trading standards — Legal team
The Taleveras Group, yesterday, said all its business transactions and investments in the oil sector have been in compliance with international trading standards.
Our members not involved in Apapa mayhem, says NUPENG
The Nigeria Union of Petroleum and Natural Gas Workers says none of its members in Petroleum Tanker Drivers unit was shot by Mobile Police officer in Apapa on Wednesday
DPR to probe Calabar tank farm inferno
The Department of Petroleum Resources on Wednesday said it would set up a board of inquiry to investigate the remote and immediate causes of the fire incident that occurred in Linc Oil and Gas depot on July 16 in Calabar.
‘Why Ogoni cleanup is not in 2017 budget’
The Project Coordinator of Hydrocarbon Pollution Restoration Project (HYPREP), Dr. Marvin Dekil has explained why Ogoni cleanup was not included in the 2017 budget.
Nigeria’s debt rose by N4.76tn in 2016 – DMO
Nigeria total debt rose by N4.76tn in 2016, the Debt Management Office has disclosed.
Committee on minimum wage to begin sitting by July end – NLC
The 29-member committee on a new National Minimum Wage will begin sitting before the end of July, the President of Nigeria Labour Congress, Comrade Ayuba Wabba, said on Wednesday.
Minister of Labour tasks NECA on accountability
The Minister of Labour and Productivity, Chris Ngige, has urged the Nigeria Employers’ Consultative Association (NECA) to take stock of their achievements and work on their shortcomings as they celebrate their 60th anniversary.
Fact check: FG fails to crash food prices in 2 weeks
Disturbed by skyrocketing prices of foodstuff in the markets, the Federal Government early June said it will crash the costs in two weeks.
No going back on anti-tobacco law implementation – FG
The Federal Government has ruled out backing out of the implementation of the National Tobacco Act (NTC) 2015.
Restructuring options for Nigeria
The call for restructuring of Nigeria has continued to gather momentum in recent times, with multiplicity of perspectives by advocates on the meaning of restructuring in the context of Nigeria’s situation.
Unemployed Nigerian youths and job creation
WHEN there was oil boom and a somewhat stable economy, the issue of unemployment was a very big problem.
Governors Forum set up C’ttee for state police
IN what may appear to be a tacit support for the restructuring of the country, the Governors Forum last night set up a six man committee to explore the option of actualising state police in the country.
LG election: LASG extends restriction of movement
The Lagos State Government on Wednesday extended the restriction of movement across the State noting that it had been slightly expanded and will now be enforced between 7 am and 3pm on Saturday July 22, to allow for a smooth conduct of the Local Government elections and unhindered participation.
Kogi outlaws ASUU
Kogi State Governor , Alhaji Yahaya Bello has announced the proscription of the Kogi State Chapter of the Academic staff union of Universities with immediate effect.
Senate passes Whistleblower Protection Bill into law
The Bill, which seeks to encourage and facilitate the disclosures of improper conduct by public officers and public bodies was presented by the Committee on Judiciary, Human Rights and Legal Matters, chaired by Senator David Umaru, the member representing Niger East in the 8th National Assembly.
[Infographics] Whistleblower Protection Bill: Things you should know
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