Skip to main content

NEWS: President Buhari Dissolves NNPC Board Of Directors

This information that was found on NTA News tweet this afternoon:


it is also found in a letter signed by Mr. Danladi Kifasi (head of the civil service of the federation.)

In the letter, President Muhammad Buhari thanked members of the dissolved board for their services to the Nation.

The presidential aide Mr. Femi Adesina, told Sahara Reporters that “you can’t make changes without having new leadership” and that Buhari remains “committed to cleaning up the system, and wants accountability and transparency in the oil industry.” and also added that “people must be patient for the President’s next move.”

The NNPC is the state-run oil company which oversees Nigeria’s oil and gas industry. It’s board is statutorily headed by the minister of petroleum resources.

As it was reported earlier the restructuring of Petroleum Corporation, may benefit many northerners, a development that is already producing tension within and outside the NNPC.

Some experts have also supposes that it can causes doom for the petroleum industry if the policies are implemented.
Nigeria’s leader will probably appoint himself as the new minister of petroleum resources.

It should be also noted that the National Assembly has also set to investigate the activities of NNPC.


http://addysoft.blogspot.com/2015/06/president-buhari-dissolves-nnpc-board.html

Labels:

Comments

Post a Comment

Say something about this

Popular posts from this blog

Prices of Maize, Rice and other food commodities to rise in December, 2022 – Survey

One of Nigeria’s commodities market players, AFEX has forecasted a surge in prices of six food commodities, namely maize, paddy rice, sorghum, soybean, cocoa and sesame by the end of December 2022 to the first half of 2023. AFEX’s forecast is contained in its 2022 Wet Season Crop Production Report unveiled at a hybrid event hosted at the firm’s head office in Abuja on Wednesday. The report said maize which faces a projected decline in production levels of up to 14% will reach a higher average price point ranging between N214, 980/metric ton ($486.72) and N220,000/metric ton ($498.09) by the end of the fourth quarter (Q4) 2022. According to the report, this is compared to an average price of ($475.97) N210, 229/metric ton in Q4 2021, and projected that soybean price will rise by 6% by May 2023. David Ibidapo, AFEX head of market data and research who presented the report said annual crop production research seeks to provide robust market intelligence for agriculture value chain player...
Post a Comment
Click here to Read more »

An IFA Philanthropist (Oluwo Fasola Faniyi) Organized a FREE EYE CLINIC in conjunction with Eyes4Africa Foundation at OTA

REPORT FROM THE FREE EYE CARE PROGRAMME that took place  at the Ado-Odo/Ota Local Government Secretariat Hall   on 19 th  to 20 th  of June 2017 organized  by An IFA Philanthropist OLUWO FASOLA FANIYI ( CEO of  Ancestral Pride Temple Ltd . ) in conjunction with  Dr. Michelle McCollin ( Founder of Eyes 4 Africa Foundation Incorporation ) As part of Corporate Social Responsibilities (CSR) of Ancestral Pride Temple Limited, the management in collaboration with Eyes 4 Africa Foundation Incorporation has organized a 2 days free medical eye treatment to the people of Ado-Odo/Ota Local Government Area of Ogun State. The Executive Chairman, Hon. Adeniji Oladele represented by his Vice, Hon. Ojugbele Rotimi appreciate the efforts and initiative of Eyes 4 African Foundation Incorporation and Ancestral Pride Temple Limited for the promotion of good eye condition in Africa especially in Nigeria. “Our Appreciation goes to Dr. Michelle McCollin and her...
4 comments
Click here to Read more »

GTCO Plc Releases 2022 Q3 Unaudited Results

..Reports Profit Before Tax of ₦169.7billion Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021.  The Group’s loan book (net) increased by 2.2% from ₦1.80trillion recorded as at December 2021 to ₦1.84trillion in September 2022, while deposit liabilities increased by 6.4% from ₦4.13trillion in December 2021 to ₦4.39trillion in September 2022.  The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing at ₦5.81trillion and ₦872.8billion, respectively.  Strong Capital Ratios and Asset Quality were sustained as CAR, NPL ratio, and Cost of Risk (COR) closed at 20.7%, 5...
Post a Comment
Click here to Read more »