Recall that the Minister of State for Petroleum Resources, Dr Ibe Kachikwu's memo to President Muhammadu Buhari had surfaced in the media last week, indicating that he had been cut out from critical decision-making process which led to the award of $25billion contracts by the NNPC GMD.
Vice-President Yemi Osinbajo has admitted that he approved controversial multi-billlion dollar joint venture oil contracts for the Nigeria National Petroleum Corporation (NNPC) in his capacity as then Acting President.
He quoted the vice president as saying: "These were financing loans". Of course, you know what the joint ventures are, with the lOCs like Chevron that have to procure.
"While the President was away, I granted authorization which is what the law provides".
Spokesman of the Vice-President, Laolu Akande in a series of tweets on Thursday Osinbajo approved the contracts. "Action necessary to deal with a huge backlog of unpaid cash calls which Buhari adm. inherited and also to incentivize much needed fresh investments in the oil & gas sector".
According to the tweets, the huge backlog of unpaid cash calls were inherited by the current administration and the approval was meant to stimulate the required investments in oil and gas sector.
According to him, Government alone can not plug the infrastructural deficit of the country, that is why the Federal Government welcomes the private sector to take the lead.
Western Digital Promises 40TB HDDs Thanks to Microwaves
Western Digital data-centric solutions are marketed under the G-Technology, HGST, SanDisk, Tegile, Upthere and WD brands. If MAMR works out, it would most likely replace Heat Assisted Magnetic Recording (HAMR) and the next generation standard.
FEMA actually can stay in Puerto Rico indefinitely
More than three weeks since Hurricane Maria, more than a third of Puerto Ricans still don't have access to drinking water . While MLB has been doing what it could to lend a hand to Puerto Rico, Trump hasn't appeared to be all that eager to help.
Things to Watch in Wells Fargo's Results
It improved, as 45 investors sold RAI shares while 262 reduced holdings. 5 funds opened positions while 4 raised stakes. When investing in a volatile security, the risk of success is increased just as much as the risk of failure.
It also condemned the manner by which Kachikwu was allegedly sidelined despite being the chairman of the NNPC board in the awards of contracts and appointments, adding that such disdain was an insult on the people of the Niger Delta region from where the nation's oil and gas are produced.
There have been speculations that the President gave approvals for the two contracts on his sick bed in London.
On the allegations by the minister that major contracts were never reviewed or discussed by the NNPC Board, Baru said that the law and the rules do not require a review or discussion with the Minister of State or the NNPC Board on contractual matters.
He had alleged that Baru using the NNPC awarded $25 billion contract without following due process.
"What is the procedure required for the approval?" They are merely the shortlisting of prospective off-takers of crude oil and suppliers of petroleum products under agreed terms.
The GMD said preliminary exploratory activities had indicated some signs of hydrocarbon in eastern Yobe of the Chad Basin, adding that once the corporation received security clearance, the 3D seismic data acquisition in the area would continue as scheduled.Geidam said his visit was informed by the commitment of President Buhari's government to increase Nigeria's oil reserves through the exploration of oil and gas in the Chad Basin, adding that the policy direction of the Federal Government was of interest to the state because the basin covers a large area including Yobe State.
Pavel Zacha scored his first goal of the season to give the Devils a 3-2 lead at 9:58 of the second period. The Maple Leafs won two of the three meetings previous year and the total went over in all three meetings.
An elderly woman feared to have been killed by crocodiles in north Queensland had recently moved to the area from Canberra. Anne Cameron, 79, was reported missing from an aged care facility near Port Douglas, north of Cairns, on Tuesday.
Almanack Investment Partners LLC. bought a new position in shares of Netflix in the second quarter worth about $101,000. Following the sale, the insider now directly owns 19,208 shares in the company, valued at approximately $3,407,115.04.
The Minnesota Vikings look to be employing two starting quarterbacks this week alone - and a third might be on the way. While Montgomery gives the Packers an elite pass catcher out of the backfield, they don't possess much of a run game.
According to widespread media reports, the mother of one who works in real estate in Moscow, died of her injuries. It was filmed by Ms Borodina's friend Ivanna Boirachuk, 32, who is believed to have been driving the auto .
The party has modified a bus as a Save Metro Rath and will take it to various metro stations to protest the hike in fare. The DMRC had gone ahead with the fare hike despite the AAP government's strident opposition.
She was in the house at the time, but was reportedly asleep and unaware of what her husband was doing, Perlich said. Police went door-to-door in the neighbourhood and used search dogs and helicopters to look for Sherin.
It is also a 3 percent rise from this year's second quarter - its previous highest - of 14.07 trillion won in profits. The Note 8 received 850,000 pre-orders in South Korea , the highest ever for the series.
That was the clue that tipped WSJ off that Jane Skinner Goodell was behind it. "I'm also a wife and a mom", she continued. I have always passionately defended the hard-working guy I love-and I always will.
While Citi's trading desks focus heavily on bond and currency trading, it was the bank's other trading desks that stood out. Analysts on Citi's earnings call questioned when the incentives would end and investors would start to see a return.
In the other Group D match, Spain will look to overcome North Korea to seal their place in pre-quarters. With this win the Asians booked their place in the Round of 16.
FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)
Regentatlantic Capital Llc increased Hewlett Packard Enterprise C stake by 34,813 shares to 425,271 valued at $7.06M in 2017Q2. Finally, First Mercantile Trust Co. bought a new stake in shares of Metlife during the first quarter valued at about $149,000.
Robert Pattinson and FKA Twigs Have Reportedly Split
Rob and FKA during happier times at the 8th Annual GO Campaign Gala at Montage Beverly Hills on November 12, 2015. In the past few months, there seemed to be water in the gas between Robert Pattinson and FKA Twigs .
Jordan: Super teams hurt the NBA
In those championship seasons from 1991-93 and 1996-98, Jordan's teams won 61, 67, 57, 72, 69 and 62 games, dominating the league. Now, as the owner for the Charlotte Hornets , Jordan doesn't seem to be excited about teams having that kind of success.
Crude Stockpiles Drop, Oil Prices Fall
Brent crude futures, the worldwide benchmark for oil prices, were down 78 cents, or 1.4%, at $56.16 late morning Thursday. Traders said they would look to USA fuel inventory data on Wednesday and Thursday for indicators on price direction.
Glu Mobile Inc. (GLUU) COO Sells 160000 Shares of Stock
In terms of Buy/Sell recommendations, 5 analysts have a consensus rating of 1.8 on the shares of Glu Mobile Inc (NASDAQ: GLUU ). Renaissance Technologies LLC purchased a new stake in Glu Mobile during the first quarter valued at $877,000. (NASDAQ:AAPL).
Walt Disney Company (The) (NYSE:DIS) Stock in Motion
It increased, as 77 investors sold DIS shares while 606 reduced holdings. 108 funds opened positions while 638 raised stakes. Wealthtrust Axiom Ltd Liability Company has invested 0.27% in Misonix, Inc. 34,442 were reported by Asset Management Inc.