Buhari Replaces Maikanti Baru, Appoints Aba Kyari’s Brother GMD

President Muhammadu Buhari has approved the appointment of Mele Kolo Kyari as the Group Managing Director, GMD, of the Nigeria National Petroleum Corporation, NNPC. He replaces the current GMD, Maikanti Baru, who bows out on July 7, 2019. Kyari, said to be a brother to former Presidential chief of Staff, Abba Kyari, hails from Borno. Abba Kyari is unlikely to return as the Chief of staff, according to information available to this magazine. Former minister of Education, Adamu Adamu, may likely replace him. Beside the GMD, Buhari also approved the…

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Nigeria Mum As Ghana Dictates The Price Of Cocoa

Producers previously got 6% of earnings. By Uche Mbah The cocoa market, believed to have been dominated in West Africa by Nigeria, is currently being dominated by the duo of Ghana and Ivory Coast. Nigeria was believed to have accounted for at least 50% of cocoa exports from west Africa. But current statistics puts a combined efforts of Ghana and Ivory Coast as controlling 60% of the export market share of cocoa. And they have started to dictate the pace. West Africa exports Cocoa to Europe for the chocolate and…

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Julius Berger Opens Website On Information On Second Niger Bridge

By Uche Mbah German construction giant, Julius Berger, has opened a website to disseminate information about the progress of work at the second Niger Bridge. This followed controversies over the state of the contract work  on the bridge, which many believe the central government is paying lip service to. Recall that contract for the constructin of the bridge was awarded by the goodluck Jonathan administration to Julius Berger in a Public Private participation contract, where the company jointly funds the contract while recouping their money after the construction via tolls.…

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Airforce Chopper Crash-lands In Katsina

By Uche Mbah The Nigerian Air force has confirmed the crash of a Nigerian Air force helicopter in Katsina state, saying it crashed in the process of landing while returning from action against bandits in the North West Theater of Operation Hadaran Daji. The Nigerian Airforce, NAF’s spokesman, Air Commodore Ibikunle Daramola, said that investigations are ongoing into the cause of the crash. Reports indicate that the helicopter crashed moments before landing at the Katsina airbase. The Pilots are said to have exited from the aircraft before it  burst into…

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NIMASA: DG Wastes N50b Cabotage Cash On Moribund Dock, Awards N250M Contract To Proxy

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has been embroiled in many controversies in the past, but the latest one that he awarded a whopping N250m contract to a proxy company threatens his continuous stay in that office. The politician has also been recently put on the spot for splashing N50b on a floating dock which has since remained moribund. The Cabotage fund was said to have been used to finance the controversial Dock procured mid last year. According to the magazine’s…

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FAAN Closes MMA Apron To Connect New Terminal

By Uche Mbah Weeks after the Minister of Aviation indicated that the current Terminal of Murtala Muhammed International Airport, Ikeja, will be pulled down to give way for the new terminal, the Federal Airports Authority has announced the closure of Gate 1 Apron and some taxiways at the Tarmac. This, according to them is to enable the Chinese Construction company to complete linkage of the new Apron with the Terminal. Recall that the former Minister of Aviation, Hadi Sirika, had hinted on pulling down the old terminal to give way…

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June 12: MKO Family Faces Hardship As FG Revokes Oil Block

Bashorun Moshood Kashimawo Abiola’s family will not be celebrating on June 12. That day has been declared Democracy Day by the President Muhammadu Buhari led federal government, in memory of the winner of the June 12, 1993 presidential election later annulled by the military. While Abiola’s children and relatives are still bracing up for the national holiday coming up next Wednesday, the Buhari’s government has hammered them with a big setback. On Thursday, June 6 the Department of Petroleum Resources, DPR finally revoked the oil mining license of Summit Oil…

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Oando: Tinubu, Others Face EFCC Probe

The Chief Executive Officer of Oando Plc Wale Tinubu is expected to be a guest of the anti-graft agency, the Economic and Financial Crimes Commission, EFCC anytime soon over allegation of mismanagement of billions of naira belonging to the oil servicing company. Tinubu alongside other top management of the company were on Friday sacked by the Security and Exchange Commission, SEC over breach of corporate governance as regard the management of finances of Oando. Apart from Tinubu, his deputy, Mofe Boye was also mentioned in the scam. They have both…

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Senate Vetoes Downgrade Of Enugu Airport

By Uche Mbah The Senate has, in their last plenary, kicked against the plans by the presidency to downgrade Akanu Ibiam International Airport, Enugu over security issues. Instead, they asked the Federal government to make efforts to repair and expand the runway to reduce the security risks that the Aviation ministry has complained about. Recall that the Minister of Aviation, in a Town hall meting in Lagos, has said that the airport will be downgraded due to security concerns. He cited the dangerous runway, the location of an abattoir and…

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Enugu Airport: FG, Enugu State May Reach Rapprochement

Hadi Sirika

By Uche Mbah The threat of closing down Akanu Ibiam International Airport Enugu may be put on hold going by ongoing discussions between the State government and Ministry of Aviation. Recall that the Ministry has threatened to downgrade and close down the Airport due to Security issues raised by the Ministry. These included incessant bird strikes, bad runway, a market nearby, the Enugu Free trade zone and other issues. But Enugu state government rose from an emergency State Executive Council, SEC meeting and immediately ordered the relocation of the Emene…

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