FG: Cause of Nembe Oil Spill Yet to be Determined Warns against speculation Denies loss of 200,000 barrels of oil, Sylva-led delegation visits communities Halliburton confirms engagement by Aiteo Emma Okonji and Nosa Alekhuogie in Lagos and Emmanuel Addeh in Abuja
Three weeks after a pipeline explosion in Nembe, Bayelsa State, which led to oil spillage across 45 communities in the
state, the federal government, yesterday, said it was yet to establish the cause of the eruption. It frowned on speculations
that the explosion might be an act of sabotage. The federal government also denied reports that the
country lost over 200,000 barrels of oil to the spillage, which had not been contained since the explosion on November 1.
Director General/Chief Executive Officer, National Oil Continued on page 40
Infrastructure, Education Top Sanwo-Olu's N1.39trn 2022 Budget for Lagos... Page 5 Thursday 25 November, 2021 Vol 26. No 9726. Price: N250
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Ayiri Arraigned for Allegedly Stealing Olu of Warri’s Crowns worth N2bn Sylvester Idowu in Warri
SARO BUILDING RESILIENCE... L-R: Founder/MD, Custodian Investments Plc, Wole Oshin; Independent Non-Executive Director, Saroafrica International, Obi Ibekwe; Group MD, Saroafrica International, Rasheed Sarumi; MD, Maersk Nigeria, Lara Lana and MD/CEO, Sterling Bank, Abubakar Suleiman, during Saro's 30th anniversary event in Lagos... recently
The deposed Ologbotsere of Warri Kingdom, Ayirimi Emami, was yesterday arraigned at a Warri Chief Magistrates’ Court over alleged stealing of two royal crowns worth N2 billion belonging to Warri Kingdom. Continued on page 40
Nigeria'll Survive Its Challenges, Despite Escalating Grievances, Says Fitch Predicts 2.8% GDP growth for next year Insists rising population, high unemployment, competition for diminishing resources exacerbating concerns Obinna Chima Notwithstanding threats posed by the Islamist insurgency in the north, clashes between Fulani herdsmen and pastoralists in the Middle Belt region as well as growing unrest in the South which have
continued to threaten the country’s existence, Nigeria will survive its challenges over the next decade even though they would weigh on its economic growth by deterring investment and impeding private Continued on page 40
NLC Rejects Proposed Fuel Price Hike... Page 41
IPPG'S COURTESY VISIT TO KYARI... Chairman, Independent Petroleum Producers Group (IPPG) and Waltersmith Group, Mr. Abdulrazaq Isa (left), and Group Managing Director, Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, during IPPG's courtesy visit to NNPC at NNPC Towers, Abuja... recently