Lokpobiri Seeks Reduction of Bureaucracy in Petroleum Sector, Eyes $5bn in Bonga North Project
Says it will be embarrassing to have refineries without feedstock Ekpo calls for more investment in gas infrastructure
Emmanuel Addeh in Abuja The Minister of State Petroleum Resources (Oil), Senator Heineken
Lokpobiri, yesterday urged heads of agencies and top civil servants to minimise unnecessary bureaucracy in the petroleum ministry to make the
oil and gas sector more competitive. Speaking at the opening of the ministry’s retreat in Abuja, tagged: “Building Synergy for Enhanced
Development in Oil and Gas Sector”, the minister explained that the event was a follow-up to the one organised by the presidency last year, which
bordered on how key performance indicators will be achieved. Present at the event were the heads of the Nigerian National
Petroleum Company Limited NNPC (NNPC), the Nigerian Upstream Continued on page 12
NUPRC Meets with Crude Producers, Refineries’ Owners, Wants Full Adherence to Domestic Supply Policy... Page 6 Wednesday 27 March, 2024 Vol 29. No 10577. Price: N400
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Okuama: Clark Laments Army Invasion of His Country Home in Kiagbodo and Father's Ughelli House... Page 34
Tinubu: We Must Treat Kidnappers as Terrorists, They're Cowards Zamfara is under serious Siege, gov laments Warns local insecurity may be threat to entire north Kukah to FG: Interrogate persons with claims of ties with bandits Gumi says meeting with security agents productive, without animosity
Deji Elumoye, Chuks Okocha and Kingsley Nwezeh in Abuja
President Bola Tinubu, yesterday, condemned what he described as the ‘reprehensible acts’ perpetrated
by kidnappers across the country, declaring that individuals involved in such despicable crimes must be
treated as terrorists. This was as the Zamfara State Governor, Dauda Lawal, has said
the state was under the siege of banditry and kidnapping, and therefore pleaded with the federal
government to come to his aid. Continued on page 12
CBN Doubles Down on Monetary Tightening, Again, Raises MPR to 24.75% to Curb Inflation Increases merchant banks’ CRR to 14% from 10% Urges FG to address food insecurity, implement agricultural policies to improve supply Apex bank seeks to expedite banks’ recapitalisation Cardoso insists all verified FX backlogs settled, $2.4bn ineligible, security agencies probing dubious transactions Says CBN won’t restrict dairy firms from FX market Naira appreciates to N1,350/$1 Ndubuisi Francis, James Emejo in Abuja and Nume Ekeghe in Lagos
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday resolved to raise
the Monetary Policy Rate (MPR), the benchmark interest rate by 200 basis points to 24.75 per cent, from 22.75 per cent. Continued on page 12
ZAMFARA UNDER SIEGE BY BANDITS...
Zamfara State Governor, Dauda Lawal (L) being welcomed by President Bola Ahmed Tinubu, during the governor's visit to the Presidential Villa, PHOTO: GODWIN OMOIGUI Abuja..... yesterday