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Showing posts from July, 2017

VICE PRESIDENT IN CLOSE-DOOR MEETING WITH MILITARY CHIEFS

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The Acting President, Yemi Osinbajo, on Monday evening had a closed-door meeting with service chiefs. vice-president Yemi Osibanjo The meeting, which was still on in Abuja at the time of this report, also had the Borno State Governor, Kashim Shettima, in attendance. A news letter has reported the several suicide explosions in Maiduguri and other Borno communities in 2017. The latest of such attacks at two internally displaced persons camps in Maiduguri on Sunday caused at least four deaths.

NIGERIA GOVERNMENT APPROVE NEW OIL POLICY

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Minister of state for Petroleum Resources, Ibe Kachikwu.  The Federal Government has approved a new policy on oil administration in the country. The approval is sequel to a memo presented to the Federal Executive Council, FEC, by the Minister of State, Petroleum, Ibe Kachikwu. Mr. Kachikwu said the approval was given at FEC meeting Of  Wednesday  chaired by the acting president, Yemi Osinbajo. Briefing State House correspondents at the end of the meeting, Mr. Kachikwu said his ministry had already began implementing some of the policy. “We are working assiduously to exit the importation of fuel in 2019 and we also captured the cash calls changes we have done which enables the sector to fund itself through incremental volumes,” he said. The minister also said the new policy captured the reorganisation in the Nigeria National Petroleum Corporation, NNPC, for efficiency and to enable accountability. “It captured the issues in the Niger Delta and what we neede...