Hyde
NNPC selects 26 firms to lift Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis to purchase the commodity from the national oil company. The deal is coming less than a week after the corporation chose 16 oil and gas consortia for its new crude-for-fuel swap contracts for one year starting in August. The contracts, known as Direct Sale, Direct Purchase (DSDP) are high-stakes agreements used to supply nearly all of Nigeria’s petrol needs as well as cover some of its diesel and jet fuel consumption. However, in the fresh crude oil...
British lawmakers write Commonwealth over killings in Nigeria
Thirteen members of the House of Lords, United Kingdom, have expressed concern over the killings by Boko Haram insurgents in the North-East and Fulani herdsmen in the Middle Belt region. The upper house of parliament members said the failure of the Federal Government to protect Nigerians was a breach of the Commonwealth Charter. They requested the Commonwealth to raise the killings with its Ministerial Action Group. This was contained in a letter to the Secretary-General of the Commonwealth, Patricia Scotland, dated September 14, co-signed by Baroness Cox, Baroness Kennedy, Jim Shannon, Fiona Bruce, former Archbishop of Canterbury, Lord Williams and 14 others. They cited a report by the UK All-Party Parliamentary Group for International Freedom of Religion or Belief, which accused unnamed ...
