Oil Wealth
NLC urges National Assembly to transform NNPC to public liability company
The Nigeria Labour Congress has cautioned the National Assembly to handle with utmost care what it described as the very sensitive issue of the unbundling of the Nigeria National Petroleum Corporation. It urged the lawmakers to transform the NNPC to a public liability company as part of the reforms of the oil and gas sector captured in the Petroleum Industry Bill. The NLC President, Ayuba Wabba, said this on Tuesday, in a statement lauding the passage of the PIB titled, ‘Congress commends the national assembly for passing the petroleum industry bill – demands that the NNPC be transformed into a public liability company.’ It stated, “We know that the process of making the PIB a law has not been completely consummated as the passed bill would still need to be harmonized by a conference of th...
US: Chad rebels heading towards capital from north
The United States said rebel fighters in Chad appeared to be moving towards the capital N’Djamena and ordered non-essential staff to leave, warning of possible violence. A spokesman for the rebel Front for Change and Concord in Chad (FACT) said its fighters had “liberated” the province of Kanem, some 220 km (136 miles) from the capital N’Djamena, but the government denied this. “The authors of these false statements are not even on the ground, but somewhere in Europe,” the government said in a message posted to Facebook. A day earlier the British government urged its citizens to leave Chad because of information that two rebel convoys on the move, one near the town of Faya, some 770 km (478 miles) northeast of N’Djamena, and another by the town of Mao, the provincial capital of Kanem. On S...
