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Report: NNPC Spent Over 5bn USD On Fuel Importation Outside DSDP Contract In 28 Months


Report: NNPC Spent Over 5bn USD On Fuel Importation Outside DSDP Contract In 28 Months
Up until March 2020, when it announced an end to under recovery, the corporation had been withholding revenue from the federation account in the guise of subsidy losses.
by Kelechukwu Ogu
May 20, 2021
Within a 28-month window spanning July 2018 to October 2020, the Nigeria National Petroleum Corporation (NNPC) lifted crude worth $5.40bn beyond the Direct Sale Direct Purchase contract it has for refining its daily petroleum allocation of 445,000 barrels. 
The state-owned firm executed this extra order, despite failure to lift up to 300,000 of the 445,000 daily allocation it ought to have been refining in its inactive refineries. ....

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Press focuses on mixed reactions to ban on open grazing in southern Nigeria, others


Press focuses on mixed reactions to ban on open grazing in southern Nigeria, others
Nigeria-Press-Review
May 13, 2021
to
09:08
291
APA – Lagos (Nigeria)
The divergent reactions to the ban on open cattle grazing in the entire 17 southern states of Nigeria by the Forum of Southern Governors and the call for prayers by President Buhari to overcome the myriad of problems facing Nigeria are some of the leading stories in Nigerian newspapers on Thursday.
The Guardian reports that divergent reactions continue to trail Tuesday’s call by the Forum of Southern Governors to ban open cattle grazing in the entire 17 southern states of the country. ....

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