SATURDAY 3RD NOVEMBER 2018

Page 1

NNPC: $1.05bn Petrol Supply Support Fund Sourced from NLNG Dividends Says its monopoly of petrol supply not good for Nigeria Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) has disclosed the

source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing

from its investment in the Nigerian Liquefied Natural Gas Limited (NLNG) Limited. In the NLNG, the NNPC holds 49 per cent shares, while Shell;

and supplying petrol in the country. According to the corporation, the $1.05 billion was sourced from dividend accruals to it

Total; and ENI hold 25.6 per cent 15 per cent and 10.4 per cent shares in the liquefied natural gas business. However, a statement sent

to THISDAY on Friday in Abuja by the Group General Manager, Public Affairs of the Continued on page 6

CBN: Foreign Investment Falls By $500m in 2018 Q1… Page 16 Saturday 3 November, 2018 Vol 23. No 8599

www.thisdaylive.com TR

UT H

& RE A S O

N250

N

Minimum Wage: Labour Insists Strike will Go on Despite Court Order Alex Enumah in Abuja and Ugo Aliogo in Lagos Few days to the planned nationwide strike, slated from Tuesday, November 6, by labour unions in the country

to press for N30,000 minimum wage, Justice Kado Sanusi of the National Industrial Court in Abuja has ordered them to shelve it, pending the hearing of a suit before the court. Regardless, President of

the Nigeria Labour Congress (NLC), Comrade Ayuba Waba has insisted that the joint Central Working Committee (CWC) would stand by the resolution of the national executive council to begin indefinite industrial

actions from November 6, except the government accepts and begins the process of perfecting the payment of N30,000, as negotiated, before that date. Justice Sanusi gave the order while delivering ruling on an

exparte application brought before the court by the Federal Government and the Attorney General of the Federation (AGF). He ordered that the processes be served on the defendants in the suit, which are the Nigerian

Labour Congress (NLC), the Trade Union Congress (TUC) and the Incorporated Trustees of the Nigerian Governors Forum. Ruling on the exparte Continued on page 6

Oshiomhole: Buhari Will Defeat Atiku Again Accuses Amosun, Okorocha of desperation Party orders fresh congress in Rivers Onyebuchi Ezigbo in Abuja

The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole has said that President Muhammadu Buhari will repeat the feat of beating the Peoples Democratic Party’s presidential candidate, Atiku Abubakar in an electoral contest. Addressing a press conference in Abuja on yesterday, he also dismissed insinuations that the ruling party has erupted into crisis over the primary elections, especially with the opposition mounted by some aggrieved governors. Oshiomhole said the major grouse of the Imo State governor, Rochas Okorocha and his counterpart from Ogun State, Ibikunle Amosun was his inability to help them establish

political dynasties in their states. With respect to the recent Supreme Court judgment, which annulled all levels of party executive in Rivers state, Oshiomhole said as a law abiding entity, the party had decided that there would a fresh congress in the state. Oshiomhole also apologised to the Supreme Court over the invasion of a High Court in the River State capita, Port Harcourt by supporters of a faction of the APC during a court hearing., Oshiomhole said the party would be setting up reconciliation panels to be headed by eminent party members to help heal the wounds and assuage the feelings of aggrieved members ahead of the 2019 general Continued on page 6

WAEC Presents Certificate to Buhari, WITH LOVE FROM WAEC... President Muhammadu Buhari receiving his attestation of result certificate from the Registrar, West Africa Examination PDP, Others Punch Holes… Page 6 Council (WAEC), Dr. Iyi Uwadiae at the Presidential Villa, Abuja ….yesterday.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
SATURDAY 3RD NOVEMBER 2018 by THISDAY Newspapers Ltd - Issuu