WE’LL RESIST SALE OF NNPC STAKE – OIL WORKERS

Oil workers on Sunday declared that they would resist any attempt by the Federal Government to sell some of its stake in the Nigerian National Petroleum Corporation. The Federal Ministry of Petroleum Resources released a draft policy document on the reform of the oil sector late on Thursday in which it proposed the sale of some of its stake in the national oil firm. Reuters reported on Friday that the country had been mulling the sale of oil assets to raise foreign exchange as a slump in vital oil revenues was eroding the budget.

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STRIKE: ELECTRICITY GENERATION DROPS TO 3086MW

Nigeria’s overall electricity generation profile has dropped to about 3,086.10 megawatts (MW), owing to the ongoing strike by workers in the country’s oil and gas sector.

The Minister of Power, Prof. Chinedu Nebo, yesterday confirmed that the industrial action embarked upon by the oil workers across the country was affecting gas supply to key thermal generation plants in the country, hence, the drop in power supply.

Read more @ Thisday Live