Aso Villa Reads for 24/8/17
Every day, we bring you the best stories the media is reporting about the Government of Nigeria

THISDAY reports that “the Nigerian National Petroleum Corporation (NNPC) Wednesday disclosed that it was working closely with International Oil Companies (IOCs) operating in Nigeria to deploy a structured and holistic security strategy against the incidence of oil and gas infrastructure sabotage in the country.”
“The Nigerian Stock Exchange (NSE) market capitalisation improved by N130 billion following gains posted by some highly capitalised equities. Reports indicate that the market capitalisation rose by N130 billion or 1.03 per cent to close at N12.739 trillion compared with N12.609 trillion recorded on Monday. Similarly, the All-Share Index which opened at 36,584.44”, so writes Business Day.
According to Daily Trust “the Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) on Thursday signed a Memorandum of Understanding (MoU) for the implementation of a $200 million (about N61bn) funds accessible by qualified indigenous oil and gas companies.”
To “help to boost gas supply to the domestic market and maintain supply to the export market”, Shell Petroleum Development Company of Nigeria Ltd (SPDC) has commenced production at Gbaran-Ubie Phase 2 in Bayelsa State, a key project in the Niger Delta. According to THISDAY “the project, is expected to supply 175,000 barrels of oil equivalent per day at its peak in 2019.”
Daily Trust reports that “The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) on Thursday signed a Memorandum of Understanding (MoU) for the implementation of a $200 million (about N61bn) funds accessible by qualified indigenous oil and gas companies.”
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