-Senate declares fuel subsidy illegal
-Vow to stop it.
Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru on Friday said that the landing cost of petroleum products that should be sold in the pump without under-recovery should be N171.40, but that President Muhammadu Buhari has directed that the corporation should maintain all the parameters to ensure that it is sold at N145 per liter.
Owing to rising debts, the Nigerian Ports Authority (NPA) has announced the immediate suspension of service boats operations in all its pilotage districts until the full settlement of debts accruing from unpaid pilotage dues by International Oil Companies (IOCs) and other beneficiaries of the services.
This is just as the NPA gave indication that it might prevent Engina FPSO, which is due to arrive Nigeria in January, 2018 from accessing Nigerian waterways.
A Nigerian professional Engineer, Zayyan Tambari Yabo of the Department of Petroleum Resources(DPR) has emerged as the pioneer Secretary General of the African Liquefied Petroleum Gas Association.
The association which was founded in February 2017 in Cape Town, South Africa at the sidelines of ARGUS Media Africa LGP Conference, also elected Mr. Samson Muamba as its pioneer President following amicable consultations among the delegates. Muamba, is the Managing Director and CEO of Fire Corp Energy, Zambia.