OIL & GAS

NNPC recovers N771m assets from defaulting marketers

The Nigerian National Petroleum Corporation on Tuesday announced that it had recovered assets worth over N771m from some oil marketers who under-paid for petroleum products supplied to them from the Kaduna depot of the Petroleum Products Marketing Company

https://punchng.com/nnpc-recovers-n771m-assets-from-defaulting-marketers/

NNPC plans fertilizer, power plants in Bayelsa, Kaduna, others

The Nigerian National Petroleum Corporation on Tuesday expressed its preparedness to build additional Independent Power Plants in Abuja, Kaduna and Kano.

https://punchng.com/nnpc-plans-fertiliser-power-plants-in-bayelsa-kaduna-others/

Oil Prices Down On Weak Demand Growth Outlook

Published 2 hours ago on March 6, 2019 By CHIKA IZUORA Oil prices dropped yesterday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support.

https://leadership.ng/2019/03/06/oil-prices-down-on-weak-demand-growth-outlook/

 

NEITI meets EFCC, police, others over oil frauds

To further deepen the fight against fraudulent activities in the extractive industry, particularly in the oil and gas sector, the Nigeria Extractive Industries Transparency Initiative on Tuesday held a meeting with officials from the Nigeria Police Force, the Economic and Financial Crimes Commission, the Federal Ministry of Justice, Code of Conduct Bureau, the Nigeria Financial Intelligence Unit, and the Independent Corrupt Practices and Other Related Offences Commission.

https://punchng.com/neiti-meets-efcc-police-others-over-oil-frauds/

Soon, no one will buy Nigeria’s crude. Not

Once, US was the highest off taker of Nigerian crude. In 2010, US imported 358.9 million barrels of crude from Nigeria. With the advent of shale oil boom in 2012, US imported 148.48 million barrels of crude from Nigeria and as at 2018, the figure has nosedived to about 36 million barrels.

https://businessday.ng/oilandgas/article/soon-no-one-will-buy-nigerias-crude-not-even-india/

 

OTHER NEWS

Decent work, key to achieving sustainable development – DG, ILO

The Director-General, International Labour Organisation, Guy Ryder, has said that decent work is key to achieving sustainable development and social justice.

https://punchng.com/decent-work-key-to-achieving-sustainable-development-dg-ilo/

Amosun reinstates Ogun NLC boss, 3 others

Ogun State Governor, Senator Ibikunle Amosun, yesterday, reinstated the Ogun State chairman of the Nigeria Labour Congress (NLC), Akeem Ambali, into the civil service, 28 months after dismissal.

https://www.sunnewsonline.com/amosun-reinstates-ogun-nlc-boss-3-others/

Pension complaints and solutions

MRS ADEJUMO: Thank you so much. I have seen my complaint in The Nation. I hope you will pursue my case to enable PTAD address my complaint and settle the seven years’ and seven months’ arrears.  – Mrs. Agnes Adejumo from Ibadan.

PTAD’s response: The pensioner is advised to send her complaint, name and account details to complaints@ptad.gov.ng to enable us give an update on her complaint as no phone number was provided to communicate with her.

http://thenationonlineng.net/pension-complaints-and-solutions-12/

Now that ASUU has suspended its strike

There is no doubt that Nigeria’s higher education sub-sector, especially the university system, is going through tough times, given the events of the last four months. What is more astounding and unpardonable is how the system has been held in the jugular for over three years in the last three decades at every provocation by the various workers’ unions in the university system, which always find it convenient to throw the system into abysmal state under the guise of agitating for betterment of their welfare and that of the ivory towers.

https://www.newtelegraphng.com/2019/03/now-that-asuu-has-suspended-its-strike/