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Wike on insecurity: Governors only running to Abuja to take photos with Buhari Nyesom Wike, governor of Rivers, says some of his colleagues are only running to Abuja to take photographs with President Muhammadu Buhari, instead of tackling the challenges in their states..
Protect dams in Niger, audit military assets Reps recommend 11 steps to tackle insecurity The house of representatives has recommended 11 things Nigeria must do to address its growing security challenges.Advertisement At an executive session on Tuesday, the green chamber urged President Muhammadu Buhari.
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2 Min Read A sign is pictured outside the headquarters of Addax Petroleum in Geneva, Switzerland March 25, 2017. REUTERS/Denis Balibouse/File Photo
ABUJA (Reuters) - Nigeria’s president restored four oilfield licences to Addax, a company controlled by China’s Sinopec, his office said in a statement, overruling a previous revocation from the country’s petroleum regulator.
The restoration of the fields roughly three weeks after the Department of Petroleum Resources rescinded them was aimed to ensure “commitment to the rule of law, fairness and enabling a stable business climate for investment,” President Muhammadu Buhari’s office said in a statement.
Nigeria returns Addax s revoked oilfields, overriding regulator reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Emmanuel Addeh in Abuja
The federal government has received the report of the compensatory contracts and other incentives committee on the abandoned $1 billion Kaztec Engineering Limited (KEL) fabrication yard, located in Ilase village, Snake Island, Amuwo-Odofin Council, Lagos State.
Submitting the report to the Minister of State, Petroleum, Mr. Timipre Sylva, in Abuja, Chairman of the Committee and Member of the Board of the Nigerian National Petroleum Corporation (NNPC), Senator Magnus Abe, described the assignment as sensitive.
Members of the inter-ministerial committee were drawn from the Department of Petroleum Resources (DPR), federal ministry of defence, ministry of finance, ministry of justice and the NNPC.