₦airaland Forum

The Nigerian National Petroleum Corporation
(NNPC) on Thursday said it can disclose how
many barrels of crude oil Nigeria sells in real
time.

According to the NNPC’s Group General
Manager (GGM) in charge of Crude Oil
Marketing, Mele Kyari, the corporation said it
had achieved 98 percent automation of all
transactions involving the supply, marketing
and sale of the various grades and blends of
Nigeria’s crude oil across the world.
Kyari disclosed this in an interview with Oil &
Gas Forum, NNPC’s weekly television
programme, which airs on the Nigerian
Television Authority (NTA).
“Today, at a click of a button we can tell you
how much crude oil is sold, at what price, who
bought it and where it has gone to etc,” he
said.

He said that the Corporation’s plan was to
operate a complete paperless crude oil data
management regime in line with the ongoing
transformation of the processes which has
witnessed sweeping reforms since 2015.
On the recent Policy Dialogue on crude oil
sales and reserve Management in Nigeria
organized by the African Centre for Leadership,
Strategy and Development, Kyari said the
forum provided the corporation an avenue to
clarify some misinformation on the operations
of crude oil marketing.

He said “NNPC would continue to engage
members of the public and other critical
stakeholders to keep them abreast of
innovations in the supply, marketing and sale
of the various grades and blends of Nigeria’s
crude oil across the world.”

http://dailypost.ng/2017/12/21/can-reveal-many-barrels-crude-oil-nigeria-sells-real-time-nnpc/

mikolo80:
and that's why they keep voting for him

He is all too powerful, for now. He was nearly removed but he rigged his way up and even when a fresh election was conducted, many had already lost hope in the APC.

Nice. I'd love to read pidgin blogs more often.
He may have shortened his life for this vanity.
Hope he has now achieved his aim in life. Nonsense.

quinnboy:
Swiss gold , Arabian gold, Romanian gold......but Nigerian gold get how he be for mouth.

Gold is Gold. Once you say Nigerian gold severally, trust me, you'd get used to it.

mikolo80:
sorry I meant appointments at federal and even state levels

Listen (read), the only good thing about Mark is his "impositioning" of candidates and godfatherism has helped idoma people get a piece of the National cake.
Check, most federal appointments favour the idomas than the tivs but the tivs are better off locally than idomas. e. g Former Minister of interior (and David Mark's puppet) Abah Moro.

What are they campaigning for exactly?

mikolo80:
what are you talking.

Shebi he shared rice and they collected it.

and he satisfied their craving to have idoma man in office whether he delivers or not

David Mark is in a position that can only be held by an Idoma man, so what are you saying?

SalamRushdie:
Not a bad policy when carried out by an intelligent leader but a disaster when carried out by a man with an IQ of 20...ask yourself which new anti malarials have been produced in Nigeria since the tarrif increase on anti malarial ..Zero zero zero , the only thing that has happened is the more people have died needlessly from malaria because of the hike in prices.

Malarials? ( speaking of IQs)

You can't expect to reap all the rewards at once.

how about rice for example?

It is getting cheaper; farmers are getting richer.

Someone has to take the bold step; No pain No gain.

Buhari took it, along with all the heavy criticism.

Now it has paid off but you all are still bickering.

rusher14:
Reading a lot of positive stuff today.

True. I like the fact that good news has been trickling in recently amid the Innoson and Hijab saga.

Besides, we need to develop our non oil sector and mining has to be on the fore.

UAE have used their Oil and Mineral rich resources to develop, I believe we can do it.

SalamRushdie:
Facts dont lie ...The govt should stop trying to decieve us with this worthless Buhari naira ... you make the naira worthless with bad policies and then increase tariffs by 75 percent on most imports then come and claim that you have raised the highest revenue ever in worthless naira while in reality pound for pound this is yhe worst performance ever by the customs

Sir, You are really wrong and blind if you think raising tariffs to discourage importation was a bad policy.

Infact, it has been the best policy so far.

How do you hope to keep importing items you can produce locally?

How do you make local producers compete favourably with their counterparts abroad with lower tariffs?

You and your likes complain about Nigeria being backward. Not producing this, not being advance.

How do you advance when you import basically everything ?

But I still agree that it is the highest ever.

Due to the fact that some time in the 20th century 1 trillion naira would have been 1 trillion dollars.

So if we keep converting and comparing based on the rate to a dollar then we could be in for a lot because there are several factors you'd need to consider.

Yyeske:
Not so fast. Do you know that even the dollar itself depreciates too ,well maybe not as fast as the naira.
This is why when you read an article quoting the price of something say in 1950, in brackets you'd see the value today. For example , values not taken to be what I said it is please, ...... a car was sold for $1000 in 1950(15,000 today dollars). Much of us don't know this because international prices are mostly in dollars.

My point exactly.

…Kebbi , Osun States are pilot states- Minister
The Federal Government has announced plans to commence a Gold Purchase Scheme early next year, aimed at increasing revenue accruable from the country’s abundant gold deposit.
Gold
The scheme, according to the Minister of Mines and Steel Development, Dr Kayode Fayemi, would include equipping of the artisanal miners, provision of extension services and off-take of all gold produced by participants in the scheme.
Dr Fayemi, who spoke during the Ministry’s 2017 End of Year Ministerial Briefing in Abuja on Thursday, said the scheme is being carried out in partnership with state governments and the private sector.
He said Kebbi and Osun States have been chosen as pilot states for the scheme, adding that the scheme would facilitate employment, reduce poverty and increase revenue to the Federation account.
The Minister who lamented that the vast majority of the country’s gold are transacted underground without any record of financial accrual to the government, said the gold purchase scheme would attract international buyers of gold. This development, according to him would defeat the prevailing underground gold market.
Already, the ministry has set up an investment promotion and Mineral Trade Department, while a Special Purpose Vehicle (SPA) would be licensed by government to manage the gold purchase scheme.
The Minister also stated that the Ministry had secured the delivery of 26,000 line kilometre of electromagnetic data, having made the outstanding payment to the consultant that handled it. He said the ministry would also undertake extensive electromagnetic Airborne Geological Survey of promising parts of the country in 2018.
“We are also working towards the completion of the equipping of the NGRL, as well as the completion of our National Mineral Database, and will, in collaboration with the China Geological Surveys conduct an extensive geochemical mapping programme across the country.
“The foregoing would avail sufficient data for interpretation and analysis of the to allow for strategic planning and targeting of potential areas for further exploration work, and ground verification of the data from the ‘AGS’.
“We consider this a very important part of our work in 2018, to deliver a comprehensive bankable data of our mineral endowments across the country”, Fayemi added.
Speaking further, Fayemi said: “We have collaborated with the state governments to ensure the reactivation of State Minerals Resources and Environmental Management Committees (MIREMCOs) as provided for by Section 19 of Nigerian Minerals and Mining Act. “Accordingly, we provided mobilization funds for 10 State MIRENCOs, and also procured operational vehicles for the affected states. Our efforts in this regard are in the spirit of cooperative federalism in the sector, in order to deepen the participatory governance of the mining sector.
The Minister said with more funding and technical supports for miners in the coming years, the sector would actualise its agenda of job and wealth creation. The Minister also said that the ministry has completed the characterisation of kaolin in Ekiti State. This involved carrying out mineral and chemical analysis to determine the composition of the kaolin as well as the quality.
https://www.vanguardngr.com/2017/12/fg-kick-starts-gold-purchase-scheme/
Lalasticlala.

So technically, it is a lai.

The Number one bestselling author and former
aide to Ex-President Goodluck Jonathan,
Pastor Reno Omokri, has described as a big lie,
the statement by the Nigerian Customs which
said the service generated ₦1 trillion in 2017
as against N770 billion target earlier set.
A statement by the Service’s Public Relations
Officer, Mr Joseph Attah, on Thursday in Abuja,
announced that the service recorded the
highest revenue ever despite the ban on some
items.

According to the statement, “NCS has
recorded the highest revenue collection ever
of N1,012,259,006,779.74 with five more
working days to the end of 2017.
“This spectacular performance in revenue
collection shows N241,685,276,289.74 over the
N770,573,730,490 target for the year and well
above the N898,673,857,431.07 collected in
2016.

“(This is) Despite the economic recession
experienced earlier in the year, with low
volume of imports and restriction placed on 41
items from accessing Forex.

“The Comptroller-General of Customs (CGC),
retired Col. Hameed Ali, undertook some
strategic measures in terms of restructuring
and repositioning the service for efficient
service delivery which resulted in this historic
revenue figure from the service this year,”
Attah said.

He said that for the CGC to achieve this feat,
took some measures like strategic
redeployment of officers, restraining of the
operatives of Customs Intelligence Unit were
done, among others.

However, refuting the Customs claims, Pastor
Omokri said when the naira is factored in
respect to its devaluation, then, that the
claimed generated amount as declared by
Customs is not even up to half of what was
generated in 2014 under the former President,
Jonathan.

According to Omokri, “This is a huge lie. When
you factor in the devaluation of the Naira, this
amount is not even up to half of what was
generated in 2014 under Jonathan.
@NTANewsNow , stop lying. ₦978 billion in
2014 was equivalent to $6.5 billion. ₦1 trillion
in 2017 is equivalent to $2.7 billion!”

https://www.vanguardngr.com/2017/12/customs-n1trn-revenue-generation-claim-big-lie-reno/

Lalasticlala

fineboynl:
no to every body that is well know, someone that is not a criminal and no risk to the public, someone that is well known in the society, someone that cannot run away, someone that has investment or industrialist. and lastly someone that refuse to honor invitation. the police or efcc will then need a court warrant to make the arrest.

LMAO. So some individuals' statuses in society have to be considered. So you mean they should get special treatment?
Innoson is an industrialist and should be treated differently?

fineboynl:
when the police or EFCC sent invitation to anyone and the individual refuse to honor the invitation. the EFCC or police has no right to issue arrest to person like innoson in the manner they did. what they need is seek for arrest warrant from a AGF. the AGF should then assign arrest warrant to innoson after going through the charges.

the fact innoson is not a criminal and doesn't pose any threat to the public, what the EFCC should have done is to present the arrest warrant to innoson. having go through the validation of the warrant then innoson can decide to follow them.

as it stand there are no arrest warrant as the AGF just confirm that he was not aware. the case will cost the EFCC big shame.

And I ask again, "Does the Police need to seek arrest warrant for every individual they deem culpable or does the rule apply to only politically exposed persons?"

Besides, no one is a criminal until proven guilty.

merit455:
Shut up

I didn't expect any less from you.

fineboynl:
when the police or EFCC sent invitation to anyone and the individual refuse to honor the invitation. the EFCC has no right issue arrest in the manner. what they need is seek for arrest warrant from a AGF. the AGF should then issign a warrant to innoson.

the fact innoson is not a criminal and doesn't pose any threat to the public, what the EFCC should have done is to present the arrest warrant to innoson. having goes through thevalidation of the warrant then innoson when then decide to follow them.

as it stand there are no arrest warrant as ths AGF just confirm that he was not aware.

So the EFCC has to notify the AGF for every arrest they want to make ?

Or does the rule only apply to Politically Exposed Persons?

She has gotten the attention she craves.

I wonder what stunt she'd pull on her next birthday after we have forgotten about her tomorrow.

I wonder why David Mark has not been arrested.

He has done little or nothing other than imposing candidates on Idoma people. Most of the political offices are held by his brothers or relatives.

I laugh when I hear him condemn impunity.

This man has zero to offer. A walk around his constituency and you'd be shocked how a Senate president for years hasn't attracted something to his constituency .

Nothing as bad as being at the top floors of a high rise building on fire.
You might just have to jump to your death. So sad.

Nothing as bad as being at the top floors of a high rise building on fire.
You might just have to jump to your death. So sad.

I just wonder why on earth we must "tribalize" everything in Nigeria.

Innoson was accused of fraud and EFCC arrested him, although the manner in which he was arrested leaves much to be desired, I still see no reason why many are saying it is because of his tribe.

I am very sure Innoson himself wouldn't even come out to say this has anything to do with his tribe.

iamJ:
see hw the boy is fat

all these yeyebrities trying so hard to make fake ajebo children, seyi law tried and kunfu panda was the outcome, see bovi own, 5kobo ajebo no dey him body u cant cheat life, ur poverty gene will continually be transferred from generation to generation

It is hard to believe that you would reason better than the child up there.

He really should. The Health sector has far too long been short changed in terms of investment.

More should be allocated to health in 2019 budget.

NairalandCS:
From Wizkid to Small-Doctor ? See big downgrade, from frying pan to fire.

He'll soon post your self-service video too on Snapchat.

Can she not be a big fan of Small Doctor like everyone else?

Besides, she can date whoever she likes, I don't see how it concerns you.

Another thread were users get to condemn the Muslims.

SalamRushdie:
If I am pessimist would a be the wonderful entrepreneur I am ? I am just telling the truth , since Buhari came onboard Ad spends has gone down by almost 70 percent with most of the little being channelled to mobile online ads ..Truth isn't pessism instead embracing Buhari is

You really have to stop this your vendetta against Buhari. This is good news and you are trying to derail it. If the Fg are trying to profit from whatever is on ground try to applaud it.

SalamRushdie:
Fix electricity before all this shallow uninformed talk....Poor elecrticity suppylly is actually the biggest problem of TV advertising industry for now than anything else, I should know this because I earn a living from this field currently

Must you always be a pessimist. Why can we do both simultaneously?

We can still earn from whatever we have now.

Who else thinks we probably would have been better off with this than what we have now?

http//:mynationnews.com/2017/12/21/see-photo-on-what-the-nigeria-legislative-council-looked-like-in-1940/

Latest report as this is the
interior part of the Nigeria Legislative
Council in the 1940s. The 1st elections in
Nigeria was held in 1923 to elect council
members.

The 1922 Nigeria (Legislative Council) Order
in Council provided for a 46-member
Legislative Council, of which 23 were ex-
officio officials, four were nominated
officials, up to 15 were appointed unofficial
members and four were elected.

The Nigeria Customs Service (NCS) has recorded
its highest revenue collection ever of over N1
trillion as against N770 billion target set for 2017.

The Service Public Relations Officer, Mr Joseph
Attah, announced this at a news conference in
Abuja on Thursday.

According to him, the revenue realised this year
is a historic figure ever made in the NCS.
“NCS has recorded the highest revenue collection
ever of N1,012,259,006,779.74 with five more
working days to the end of 2017.

“This spectacular performance in revenue
collection shows N241,685,276,289.74 over the
N770,573,730,490 target for the year and well
above the N898,673,857,431.07 collected in
2016.

“(This is) Despite the economic recession
experienced earlier in the year, with low volume
of imports and restriction placed on 41 items from
accessing Forex.

“The Comptroller-General of Customs (CGC),
retired Col. Hameed Ali, undertook some strategic
measures in terms of restructuring and
repositioning the service for efficient service
delivery which resulted in this historic revenue
figure from the service this year,” Attah said.

He said that for the CGC to achieve this feat, took
some measures like strategic redeployment of
officers, restraining of the operatives of Customs
Intelligence Unit were done, among others.

Attah said that the NCS strived to deliver, adding
that sometimes even at the risk of sustaining
serious injuries or even death.
“Sadly in the process of enforcing the laws, six
officers fell in the line of duty this year,’’ the
spokesman said.

He said that the Customs boss had directed
sustained onslaught against smugglers,
especially at this festive period.
Attah, however, said that in the spirit of the
season, all stakeholders were enjoined to reflect
on the value of patriotism and resolved to avoid
all forms of smuggling.

“It is clear that given the right leadership and
better support from Nigerians, NCS will continue
to play a more pivotal role in the security and
economic well-being of the nation, ” he said.

https://www.vanguardngr.com/2017/12/customs-hits-n1trn-highest-revenue-collection-official/