S&P Report: Pipeline Closures, Maintenance Drag Nigeria's Oil Output to New Low Between March 3 and April 1, production curtailment pushed the country's total loss to 5.545 million barrels Political risks may worsen ahead of elections in early 2023, says Platts Analytics Emmanuel Addeh in Abuja Nigeria’s crude oil output has plunged to new low in recent weeks hit by pipeline closures
and maintenance at major fields, an S&P Global industry report has indicated. A senior official from the country’s oil ministry told S&P
Global Commodity Insights the fields that feeds two major exports grade — Bonny Light and Qua Iboe — were down on maintenance in May but output was “gradually
returning”. THISDAY recently reported how with over 3.65 million barrels of crude oil shut-in at the Bonny Terminal during the March/April
productions circle, Nigeria's total losses, month-on-month rose by over 300 per cent. An analysis of the figures from the Nigerian National Petroleum
Company (NNPC) indicated that the huge loss was due to a force majeure on the critical line which Continued on page 39
Local Content: NCDMB, NAICOM Unveil Insurance Services Guidelines for Oil Industry... Page 8 Tuesday 14 June, 2022 Vol 27. No 9926. Price: N250
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APC Has Collapsed Every Aspect of Nigeria, Atiku Laments, Urges Nigerians to Vote Out Ruling Party... Page 8
Buhari to Abdulsalami: Nigeria Owes You a Debt of Gratitude Celebrates ex-leader at 80, says he’s always putting nation’s interest first Lawan, Atiku, others pay tributes to former military ruler Deji Elumoye, Chuks Okocha and Kingsley Nwezeh in Abuja President Muhammadu Buhari, yesterday, while celebrating
with former Head of State and Chairman of the National Peace Committee, General Abdulsalami Abubakar, on his 80thbirthday, said the. Country owed him a
debt of gratitude for always putting Nigeria and her citizens first. The president, in a release by his Media Adviser, Femi Adesina,
joined family members, friends and associates of the former Head of State in celebrating the milestone, taking into full cognisance the historic roles he
has played in the unity and President Atiku Abubakar and the peace of Nigeria, and in laying Alumni Association of the 41st the building blocks of democracy. Regular Course of the Nigerian Also, the President of the Senate, Dr. Ahmad Lawan; former ViceContinued on page 39
Three Days to Deadline, Parties in Last Minute Consultations for Running Mates Tinubu working on options, asks for more time Okowa, Wike top preference as opposition party is almost done Obi, Kwankwaso still consulting Abdulsalami peace committee doubts credible polls in 2023 Chuks Okocha, Onyebuchi Ezigbo, Adedayo Akinwale in Abuja, and Segun Awofadeji in Bauchi With deadline for the submission of names of presidential candidates and their running mates three days away, the leaderships of some of the main political parties – the ruling All Progressives Congress (APC), the opposition Peoples Democratic Party (PDP), the Labour Party (LP) and New Nigeria People’s Party (NNPP) – are already in some last minute consultations over the choice of their vice-presidential candidates which must be submitted to the electoral body by Friday The parties had recently elected their presidential candidates, weeks apart at different locations and times. PDP elected former ViceContinued on page 39
ADEKUNLE OJORA IS 90... Members of the Saraki and Ojora families, including former Senate President, Dr. Abubakar Bukola Saraki; his wife, Barrister Toyin Ojora-Saraki; and wife of the celebrant, Erelu Ojuolape Ojora, at the 90th Birthday Celebration of Otunba Adekunle Ojora, in Ikoyi, Lagos State...yesterday
Peter Obi: Over 100 Million Nigerians Living in Poverty... Page 5