Monday, 9 May 2016

While President Reassures Nigerians, Militants Destroy Oil and Gas Pipelines

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine
 
We'll Do Our Best for Better Nigeria – Buhari
President Muhammadu Buhari has assured Nigerians that he would do his best to turn around the fortunes of the country through the effective utilisation of available resources. He explains further
 
Nigeria loses N100b to export pipeline disruption
While Nigeria may lose over N100 billion between February and June to the vandalised Forcados pipeline that conveys over 400,000 barrels per day, attack on Chevron V Platform costs N8.3b monthly.
 
Court Awards N10mn Damages Against EFCC Over Unlawful Detention of Austrian Businessman
An Abuja High Court orders EFCC to pay a sum of N10m damages to an Abuja based foreigner and security expert Mr. Wolgang Reinl over his unlawful detention and seizure of his Passport.
 
Federal Civil Service Recruits 4,916 illegally
The Federal Civil Service Commission (FCSC) recruited 4, 916 workers illegally in a new report that indicate preferential treatment to some states.
 
Power Supply Drops to 2,500MW after Militant Attacks
The twin attacks, on Chevron's oil and gas facilities in the Escravos area of Delta State has resulted in a drop in power generation from about 3,600 megawatts (MW) to 2,500MW, translating to a loss of 900MW.
 
N23.3b bribe: INEC chiefs, Directors to face disciplinary panel
Name of some Independent National Electoral Commission (INEC) officials who were involved with the alleged N23.29billion bribe have been named and now being probed by EFCC.
 
Niger Delta Avengers: Shell evacuates staff from major facilities
The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, Eja OML 79.
 
2016 Budget will be implemented till May 2017 – Presidential aide
The Senior Special Assistant to President Muhammadu Buhari on National Assembly matters, Senator Ita Enang has disclosed how the 2016 budget will be implemented.
 
Militants list terms for truce, seek funding of Amnesty Scheme
Apparently undeterred by Presidential Muhammadu Buhari's order to the military to crush them, militants under the aegis of Niger Delta Avengers (NDA), demanded some conditions
 
Japan seeks pact with Nigeria on infrastructure investments
To deepen financial intermediation and technology supply for infrastructural development in the country, the Japanese government has expressed interest in partnering with Government.
 
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