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Timipre Sylva

Petroleum industry’s coronavirus donations hit N21 billion

Total petroleum industry donations for the fight against the COVID-19 yesterday hit N11billion as the Nigerian National Petroleum Corporation (NNPC) announced additional contributions of N11billion.
President Muhammadu Buhari has directed prompt payment of salaries to all employees. 4

President Buhari meets with presidential committee on Nigeria’s economy

President Muhammadu Buhari on Thursday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy, and directed the Ministry of Finance and National Planning to ensure that salaries were paid.
President Muhammadu Buhari has directed prompt payment of salaries to all employees. 2

President Buhari directs prompt payment of salaries

He also directed the ministry to ensure that critical infrastructure like roads, rails are protected and as much as possible, use local inputs so that the country retains value within her economy.
The Nigerian National Petroleum Corporation (NNPC) has donated 17 items to support the isolation centre at the University of Abuja Teaching Hospital Gwagwalada to combat Coronavirus in the country.

NNPC hands over medical equipment to UniAbuja teaching hospital

The Nigerian National Petroleum Corporation (NNPC) has donated medical equipment meant to help combat the spread of the Coronavirus (COVID-19) pandemic in the country to the University of Abuja Teaching Hospital in Gwagwalada, the Federal Capital Territory.
The Nigerian National Petroleum Corporation (NNPC) has donated 17 items to support the isolation centre at the University of Abuja Teaching Hospital Gwagwalada to combat Coronavirus in the country.

NNPC donates to University of Abuja teaching hospital isolation centre

The Nigerian National Petroleum Corporation (NNPC) has donated 17 items to support the isolation centre at the University of Abuja Teaching Hospital Gwagwalada to combat Coronavirus in the country.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR: Nigeria’s fuel stock to last 23 days

The Department of Petroleum Resources (DPR), the supervisory body for the country’s petroleum industry operations, has said that the country has a stock of the product to last the next 23 days.

Former VP Sambo hails President Buhari over border closure

Former Vice President Namadi Sambo has commended President Muhammadu Buhari over the border closure, describing it as one of the most impactful policies of the administration.
Mele Kyari,

NNPC confirms fuel price reduction, reveals new ex-coastal, ex-depot price, pump prices

The Nigeria National Petroleum Corporation (NNPC) has announced that it had reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Nigeria: Petrol now N125 per litre – minister

The Federal Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125.

Nigeria crashes pump price of petrol to N125

Following global crash in price of crude oil, the federal government has also approved a reduction in the pump price of price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Coronavirus: Deeper trouble awaits Nigeria if… – Senator Lawan

President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.
Senator Douye Diri, Peoples Democratic Party’s (PDP’s) candidate for the Bayelsa governorship election, on Saturday, described the electoral process as “smooth and peaceful”.

Governor Diri blames Adams Oshiomhole, Timipre Sylva for violence in Bayelsa

The Bayelsa State Governor, Senator Douye Diri, has blamed the National Chairman of All Progressives Congress (APC), Adams Oshiomhole and the Minister of State for Petroleum and former governor of Bayelsa State, Chief Timipre Sylva for the February 13 violence that swept across Yenagoa, Bayelsa State capital after the Supreme Court sacked Chief David Lyon as governor-elect.
Acting Finance Minister of Finance Zainab Ahmed

Coronavirus: Nigeria to cut down 2020 budget – minister

President Muhammadu Buhari on Monday constituted a committee to assess the impact of the Corona virus outbreak on Nigeria’s economy with a view to cut down the size of the 2020 budget and reduce the 75 dollars oil benchmark.
President Muhammadu Buhari on Monday signed the finance bill into law.

Nigeria sets up committee to assess coronavirus impact on 2020 budget

President Muhammadu Buhari has set up a committee to assess the impact of the raging coronavirus on Nigeria’s 2020 budget.

Saudi’s oil price war may push Nigeria’s economy into recession

Saudi Arabia’s launch of an aggressive oil price war targeting its biggest rival producers after Russia refused to join production cuts with OPEC, will hit the economy of weaker oil-dependent producer like Nigeria particularly hard, as it has little scope to increase output and less ability to borrow to plug budget shortfalls.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC defies coronavirus scare to hold crucial meeting

Oil ministers from the Organisation of Petroleum Exporting Countries (OPEC) on Wednesday defied the global scare of the deadly coronavirus to hold its crucial meeting in Vienna, Austria.
All Progressives Congress (APC) Nigeria

APC condemns PDP over attack on party chairman, others

The All Progressives Congress (APC) has warned the ruling Peoples Democratic Party (PDP) in Bayelsa State not to throw the state into anarchy through unguarded utterances by it’s chieftains that are capable of over heating the polity of the state.

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