News Summary 01/03/2017; OPEC Commends Oil/Gas Reforms

  1. NTA-News Summary
  2. OPEC Commends Oil/Gas Reforms

    The reforms captured in the seven

    Big wins of the ministry of petroleum

    Resources are commendable and

    Must be sustained as Nigeria’s oil and

    Gas industry will hold sway for many

    More years, despite diversification

    Moves.

    These are the words of secretary

    General of the organization of

    Petroleum exporting countries, opec,

    Dr Mohammed Sanusi Barkindo at an

    Interactive meeting with the minister

    Of petroleum resources as part of

    His member states visit.

  3. President Host Gas

Federal government is planning to put in place a gas industrial park valued at about twenty billion dollars through a public – private partnership model.

This followed the renewed engagements of the federal government with oil producing communities in the Niger delta region.

State house correspondent Jide Onifade completes the story.

 

Senate Queries NAPIMS Over Funding Shortfall

The senate committee on gas has queried the national petroleum investment management services, NAPIMS over lack of due process during its presentation of the 2016 budget performance.

Special Town Hall Meeting In Umuahia

Umuahia, the Abia states capital played host to

The federal ministry of information and

Culture’s town hall meeting series.

The special edition of the outing was also used

To launch the federal government’s “change

Begins with me” campaign at the state level.

Anthony for son reports that Abia state was

Showcased as the state with the capacity for an

Industrial revolution took the centre stage.

NCPC On Prayer For Pmb In Jerusalem

Nigeria Christian pilgrim’s commission, ncpc is set to hold a special prayer for president Muhammad Buhari, the acting president Yemi Osinbajo and indeed entire Nigerians on the 5th of march in Jerusalem.

Executive secretary of the commission reverend tor Uja disclosed this in Abuja ahead of preparation for the holy pilgrimage.

NIPSS inauguration

Acting president Yemi Osinbajo has urged

Participants of the senior executive course 39

Of the national institute of policy and strategic

Studies, Kuru to demonstrate total commitment

And steadfastness in tackling critical issues of

National development.

It was in a message at their inauguration.

NSA At NDA Conference On Security

Providing solution to Nigeria’s most

Pressing challenges relating to insecurity, and

Economy is the focus of a four day

International conference on defense, security

And development in Nigeria.

High Court Judgment On Senate Seat

The federal high court sitting in Uyo, Akwa Ibom

State has directed INEC to issue certificate of

Return to Bassey Etim as senator elect for Akwa

Ibom north east senatorial district.

The presiding judge, justice Fatun Riman in

Judgment ruled that both pdp and the sitting

Senator Bassey Albert could not prove that

Bassey was not the authentic winner of the PDP

Primary election conducted in 2014.

Senator Bassey Albert Appeal

Meanwhile, senator Bassey Aflbert Akpan

Representing Akwa Ibom north east senatorial

District has directed his lawyers to

Proceed to the appeal court over the judgment.

In his reaction contained in a statement signed

By the senator, he said, the judgment is biased

Which culminated in his earlier

Petition to the national judicial council and the

Chief judge of the federal high court in

November 2016 on the matter.

Senator Akpan wants the people of Akwa Ibom

North east to know that the judgment is not

Final but will be appeal against.

 

Protesters Besiege PDP Secretariat

Less than a week after the re-opening of the PDP

National secretariat by its chairman, senator Ali

Modu Sherrif, protesters have besieged the

Secretariat demanding that Sherrif should

Vacate the office.

This is coming as the Makarfi group is calling on

The police to stop occupation of the

Secretariat by the Sherrif leadership.

Electoral Reform C’ttee Public Hearing

The constitution and electoral reform

Committee has commenced public hearing in

Enugu for the south east zone.

Participants say the platform showcased the

Determination of Buhari administration to

Ensure good governance and strengthen the

Electoral process.

Akeredolu Meets Workers

In the next two years, Ondo state will

Commence exploration and exportation of

Bitumen while plans are underway for

Establishment of a cement factory and

Rejuvenation of coca.

The state governor, Rotimi Akeredolu stated

This at his maiden meeting with civil servants on

His first working day in office.

CBN Creates Dollar Glut

In keeping with its determination to increase liquidity in the foreign exchange market, the central bank of Nigeria (CBN) on Monday released another $100m into the wholesale segment of the market

The apex bank also pumped an additional $80m into the banks specifically for the settlement of dollar demand for school fees, medicals and personal travel allowance, among others.

In a statement by its spokesman, Isaac Okorafor, the CBN said that it is committed to providing enough Forex for legitimate business remains unshaken, reiterating that it would do everything possible to ensure the steady supply of Forex to the market.

It will be recalled that efforts by the CBN in making available large amount of forex to the market has led to the appreciation of the naira by over n85 in less than one week.

 

Science Minister On City Of Commerce

A park that will promote creativity, technology, research and industrialization is set to be built in Nigeria.

African representative of the united states Latino American investors Ifeoma Ejiogu said this at a meeting with the minister of science and technology, Ogbonnaya Onu in Abuja.

International Conference On Wheat Production

Nigeria is working towards self-sufficiency in

Wheat production with production having

Increased from seventy thousand tones to

Four hundred thousand tons in 2016.

Musa Baba Aliyu reports that this was

Showcased at an international conference on

Wheat meant to discourage its importation into

Africa by 2025.

Book Launch Within Their Reach

With growing concerns about the housing situation in nigeria, one may ask, is it possible for the nation’s teeming urban dwellers, to own quality houses without having millions in their pocket?

Well, a book entitled, “within their reach” written by paschal onyemaechi seeks to answer this question.

 

Foreign

Rays of hope for the Saharawi struggle as morocco plans to pull out of a un buffer zone in western Sahara territory

Palestinian authority president Mahmoud Abbas warns countries from moving their embassies from Israel to Jerusalem but rather support the two-state

solution.

 

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