Friday, August 17, 2012

Page 1

Minister calls PHCN workers’ bluff ...says ‘no going back on privatisation’ AYO OLESIN AND OLAJIDE OMOJOLOMOJU

T

he Minister of Power, Prof. Barth Nnaji, yesterday said that

Nnaji

Vol. 2 N0. 428

the privatisation of the subsidiaries of the Power Holding Company of Nigeria, PHCN, would go on as planned despite the lingering dispute with the labour unions over severance ben-

efits. Nnaji said at a news conference in Lagos that the government had offered the workers a generous package in line with the CONTINUED ON PAGE 5>>

Okonjo-Iweala

‘Capital budget utilisation rises to 65%’ P.2

Friday, August 17, 2012

Govt, marketers move T to avert fuel scarcity

N150

UDEME AKPAN AND JOHN UWE

...as negotiations begin on subsidy crisis Alison-Madueke: NNPC’s reserves can last 45 days

he Federal Government and marketers of petroleum products have started negotiations aimed at resolving the fuel subsidy payment and sustainable fuel supply in the country. The negotiations came after fuel queues appeared in some parts of the country. The queues returned following a strike embarked upon by oil workers’ unions CONTINUED ON PAGE 2>>

A cross-section of oil bunkering suspects arrested and handed over to the Economic and Financial Crimes Commission by the Nigerian Navy in Abuja yesterday.

PDP vice-chair recounts ordeal in kidnappers’ den Prayers for Nigeria, Gawat

.

Eid-el-fitri: IG orders AIGs, CPs to boost security P.4,29

Abducted Delta judge regains freedom

VC’s kidnappers demand N200m ransom

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