Dangote/NNPCL Faceoff: We are Neither Thieves Nor Saboteurs, Says Mele Kyari Lawmakers lament $1.5 billion expended on Port Harcourt Refinery Dangote Refinery seeks protection, confirms receiving 60% crude from national oil company
Emmanuel Addeh, Sunday Aborisade and Juliet in Abuja The Group Chief Executive Officer,
NNPCL, Mele Kyari, yesterday at the interactive session organised by the Senate Adhoc Committee probing sabotage in the oil and gas
sector, chaired by the Senate Leader, Opeyemi Bamidele, declared that the leadership of the NNPCL are neither thieves or economic saboteurs. He
stressed that the NNPCL, “is loyal and faithful to the country,” adding that its management vowed to protect the interest of Nigeria in the petroleum
industry. He observed that most problems in the petroleum industry, have nothing to do with NNPCL.
"We are faithful and loyal to the economic interest of this country. We Continued on page 10
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Gallant D’Tigress Bow out of Paris 2024 Basketball with Honours... Page 47
rDAS: CBN Approves Sale of $876.26m to 26 Banks at N1495/$ Disqualifies $313.69 million bids from six banks
James Emejo in Abuja
The Central Bank of Nigeria (CBN)
yesterday confirmed that it sold Foreign Exchange (FX) to end users through a Retail Dutch Auction
System (rDAS) on August 06, 2024, to reduce the demand pressure market, and promote price discovery.
The central bank further disclosed that total bid valued at $1.18 billion was received from 32 Authorised
Dealers Banks (ADBs), of which $876.26 million from 26 banks qualified at a cut off rate of N1495/$.
The apex bank also disclosed that bids from six banks valued at $313.69 Continued on page 10
FG Begins Investigation into Nationwide Protests,Vows to Bring Criminals to Justice Tinubu promises to address temporary pains, close gap caused by subsidy removal UK, US envoys support president’s economic reforms, say they’re necessary for future prosperity
Deji Elumoye, Chuks Okocha, Michael Olugbode, Olawale Ajimotokan, Onyebuchi Ezigbo, Adedayo Akinwale, Ikechukwu Aleke in Abuja, Segun Awofadeji in Bauchi, Seriki Adinoyi in Jos, Ahmad Sorondinki in Kano and Kemi Olaitan in Ibadan The federal government, yesterday, announced that it had launched investigations into the violence that raged in the last one week of the countrywide protest, to identify and bring to justice all those responsible. The Minister of Information and National Orientation Mohammad Idris, who gave the assurance yesterday while briefing members of the diplomatic community at the Ministry of Foreign Affairs in Abuja, however, said President Bola Tinubu did not come to office to cause hardship or make life difficult for Nigerians. The government has however warned that it would not tolerate Continued on page 10
interactive session by Senate AD HOC committee investigating economic sabotage...
L-R: Minister of state for Petroleum Resources (Oil), Sen. Heineken Lokpobiri; GCEO, NNPC Ltd, Mr. Mele Kyari; and the Chief Executive, Nigerian Upstream Petroleum Regulatory Agency (NUPRC), Engr. Gbenga Komolafe, during an interactive session by the Senate ad-hoc committee investigating alleged economic sabotage in the Nigerian Petroleum Industry, held at the National Assembly ... yesterday