Author: Chronicle Editor

The Independent Petroleum Markers Association of Nigeria (IPMAN) has reiterated its support for the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru in the management of the Corporation. In a statement signed by Its National Secretary, Mr Danladi Pasali, on Wednesday in Abuja, it said that the letter by the Minister of State for Petroleum Resources Dr Ibe Kachikwu was an act of distraction to the achievements of the corporation. “As major stakeholders in the downstream oil and gas sector, we acknowledge the successes achieved since the assumption of the current Group Managing Director, Dr…

Residents of Bayelsa State will have more to worry about than the present state of the country, as a deadly viral epidemic known as “monkeypox” has broken out in the state. It was authoritatively learnt that a medical doctor and 10 persons, who came down with the monkeypox had been quarantined in an isolation centre at the Niger Delta University Teaching Hospital, Okolobiri in the Yenagoa Local Government Area of the state. The isolation centre was reportedly created by the Nigeria Centre for Disease Control and the epidemiological team of the state’s Ministry of Health to check the spread of…

Chipolopolo our most dangerous opponent, says Rohr Barely two days to the much-awaited match between the Super Eagles of Nigeria and Chipolopolo of Zambia, youths of the two communities of Obio Etoi and Obio Ofot hosting the Godswill Akpabio International Stadium, Uyo have threatened to disrupt the match unless the Akwa Ibom State government fulfilled its part of agreement reached with the people. Youths from the communities numbering about 200 with different placards alleged that despite the beautiful edifice, the communities were still unemployed, while the state government has not constructed roads into the communities as the parties agreed before…

Petroleum and Natural Gas Workers Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have vowed to go on strike if the Federal Government delay in the payment of N800 billion subsidy arrears to oil marketers. But, The Guardian learnt that though the Federal Government has approved the payment, but the Ministry of Finance is awaiting approval from the National Assembly before it embarks on disbursement. The unions yesterday, in a joint communiqué after their joint National Executive Council (NEC) meeting, said that the strike has become absolutely necessary following the continuous…

The Minister of Justice and Attorney General of the Federation, Abubakar Malami, says Nigeria has no immediate plan to bring back home former Petroleum Minister, Mrs Deziani Allison-Madueke, to face trial. Allison-Madueke, who is being investigated in the UK, had earlier urged the Federal Government to bring her back to the country to face corruption charges against her. Malami, however, told State House correspondents in Abuja on Wednesday that bringing her back to the country would jeopardize the investigation being carried on her in the UK. READ: CNN, bEIN accuse TStv of intellectual property theft “Steps have been taken by…

New pay-television service provider, TSTV, has been accused of intellectual property theft by two property owners, CNN and beIN, a Qatar-based sports and entertainment provider operating in New Zealand, US, South East Asia and North Africa among other zones. In a letter dated 27 September and addressed to TSTV and copied to the Director-General, Nigerian Copyright Commission (NCC), Turner Broadcasting System Europe Limited, owners of exclusive distribution rights to the CNN channel in English, said TSTV obtained no authorization before including its property among the channels to be carried in Nigeria. The accusation was based on a channel line-up obtained…

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The second biggest investor in Arsenal, Alisher Usmanov, says he is “not holding any talks” with majority shareholder Stan Kroenke about selling his stake in the club. It has been reported that Kroenke, who owns 67% of the shares, has made a bid to buy out Usmanov’s 30% stake. However, Usmanov, 64, said his interest in Arsenal is “long term”. “I see my 30% stake as an important aspect in protecting the best interests of the fans in the club,” he said. READ: Spartak Moscow charged for racist abuse against Bobby Adekanye Despite being a shareholder, Usmanov is not part…

Nigeria National Petroleum Corporation, NNPC, Group Managing Director, Dr Maikanti Baru has stated that the achievements of the state-owned oil company would not have been possible without the support of President Muhammadu Buhari. Baru who inaugurated a NNPC depot in Ibadan, Oyo state noted that the depot had not functioned in the last 20 years. Accompanied by a delegation of NNPC staff, he said many pipeline network had been restored across the country thanks to the APC-led administration by President Buhari. READ: CBN injects fresh $195m into currency market “We have lost lot of products and human lives to vandalism.…

Nigeria’s central bank said on Tuesday it had injected $195 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said it had released $100 million earmarked for the wholesale market, $50 million for small businesses and individuals, and $45 million for certain dollar expenses such as school fees and medical bills. READ: Guinness Nigeria N40bn share oversubscribed In a statement, spokesman Isaac Okorafor said the central bank would continue to intervene to sustain liquidity in the currency market, adding that the bank “was pleased with the state of the forex market”.…