President Appoints New Heads for NIPC, CAC, ITF, SMEDAN, 10 Other Ministry of Industry’s Agencies Onanuga named Special Adviser, Information & Strategy Kashim Imam’s son heads FERMA's Board Our Correspondents President Bola Tinubu has approved
the immediate appointment of new Chief Executive Officers for 14 agencies and parastatals under
the Federal Ministry of Industry, Trade and Investment, in line with his resolve to base Nigeria's economic
revival on the foundation of trade expansion through small, medium and large-scale industry facilitation
in the country. On the same day, the president approved the appointment of an
11-man Governing Board and Continued on page 5
Tinubu Grants Wike's Request to Remove FCT from TSA...
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Saturday 14 October, 2023 Vol 28. No 10412
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NUPRC Concludes Consultation on New Regulations, Targets 4m Barrels Oil Output...
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Shell Confirms Huge Leak at Flow Station in Bayelsa Hundreds in Peremabiri community thrown into crisis, farmlands, marine environment ruined Bennett Oghifo The Shell Petroleum Development Company of Nigeria yesterday confirmed the October 3 oil spill
from its flow station in Peremabiri community, Southern Ijaw Local Government Area of Bayelsa State. Several farmlands, including those with economic trees, as well as
the marine environment, had been gravely impacted by the oil leak, which the community members believe was caused by equipment failure.
A spokesperson for the SPDC, Michael Adande, said a Joint investigative visit (JIV) to the incident site to unravel the cause and volume of oil discharged into Peremabiri’s
land and marine environment was underway. The JIV is a statutory probe comprising representatives of the operator, host community and
regulatory agencies that generate a report to show the cause, extent of pollution after every spill is reported. Continued on page 5
IMF Welcomes CBN's Removal of FX Restrictions on 43 Items Says Tinubu's reforms need time to yield desired results I feel your yearnings, World Bank President tells Nigerian entrepreneurs
Obinna Chima, Eromosele Abiodun and Nume Ekeghe in Marrakech The International Monetary Fund (IMF) has commended the Central Bank of Nigeria's decision to remove restrictions on 43 items previously restricted from accessing foreign exchange at the official window. The IMF also acknowledged that the newly appointed officials under President Bola Tinubu have initiated a series of reforms aimed at delivering favourable outcomes for Nigerians. It however, noted that the reforms may require time to achieve the desired results. Also, in a speech he presented at the ongoing World Bank and the IMF meetings, the World Bank President, Ajay Banga, praised the ingenuity of Nigerian entrepreneurs, saying that he feels their yearnings to contribute to Continued on page 5
TALKING GLOBAL BUSINESS IN MARRAKECH… L-R: Aliko Dangote, President/CEO Dangote Industries; Aziz Akhannouch, Prime Minister of Morocco and Dr. Mo Ibrahim, Founder and Chair of Mo Ibrahim Foundation at a side consultation during the ongoing annual meetings of the World Bank Group and the IMF in Marrakech, Morocco...yesterday.
Mohbad: Coroner Summons Naira Marley, PrimeBoy, Sam Larry...
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