SUNDAY 17TH MAY 2020

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Kyari: Uncommitted Cargoes Down Drastically, Reason for Oil Price Rise NNPC moves to reduce production cost Emmanuel Addeh in Abuja After weeks of unprecedented global lockdown occasioned by the coronavirus pandemic that has ravaged businesses, forcing closures and massive supply

glut in the oil market, respite appears to be on the horizon. Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, dropped the hint at the weekend in Abuja during a

chat with journalists. Kyari said the glut in the international crude oil market in the last few weeks was gradually easing off, causing prices to pick up slowly, as traders began to find a home

for the commodity in their countries. He stated, “At this point, we have seen a gradual easing of the situation. Those numbers of the uncommitted cargoes have gone down drastically

and that’s why we see a gradual rise in prices in the last three to four days. It means that those uncleared transactions are now easing off.” The NNPC GMD, however,

explained that contrary to reports in some quarters that Nigeria’s crude oil vessels were floating on the high seas because buyers were not Continued on page 9

US Grants Nigeria over $1bn to Contain Humanitarian Crisis in N’East…Page 55 Sunday 17 May, 2020 Vol 25. No 9169

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SGF: With Increased Capacity, FG Targets 2 Million Testing by June Says another lockdown isn’t on the cards Mulls isolated restrictions in troubled areas Buhari receives Malagasy herbal drug delivered by Guinea Bisau’s president, says he will listen to science Sierra Leone appoints Nigerian head of COVID-19 taskforce Pregnant Lagos patient delivers baby boy at Gbagada isolation centre 30 staff of same company test positive in Oyo NCDC records 176 new cases, raises tally to 5,621, discharges 1,472, deaths 176 Omololu Ogunmade in Abuja and David-Chyddy Eleke in Awka The federal government has said with its new testing capacity for COVID-19, it is targeting, at least, some two million tests by the end of June. Secretary to the Government of the Federation,

Mr Boss Mustapha, disclosed this in an exclusive chat with THISDAY. Mustapha said contrary to insinuations doing the rounds about another lockdown, the federal government was only contemplating “isolated lockdowns” in troubled parts Continued on page 8

Niger Delta Leaders Flay Lopsided Appointments in NNPC, Subsidiaries Tell Buhari to correct anomaly Reiterate call for restructuring

Deji Elumoye in Abuja Niger Delta leaders under the aegis of Pan Niger Delta Forum (PANDEF) have condemned what they called lopsided appointments into top management positions at the Nigerian National Petroleum

Corporation (NNPC) and its subsidiaries and departments in favour of the northern part of the country. Their position was contained in an open letter entitled, “Re: Addressing the Continued Injustice Against Continued on page 9

FROM GUINEA BISSAU WITH HERBS... President Muhammadu Buhari (right) and the visiting President Umaro Sissoco Embalo of Guinea Bissau during his visit to the Presidential Villa, Abuja ...yesterday godwin omoigui


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