THE
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NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts
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NNPC, Shell, Chevron sign agreement to boost FG’s revenue by $16bn
Simon Ugwu
ÏÏÏ Two sets of
alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV part-
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ners: NNPC/Chevron Nigeria Limited (CNL) JV and NNPC/ Shell Petroleum Development Company (SPDC) JV. The two projects are expected to generate incremental revenues of about $16billion within the assets’ life cycle including a flurry of exploratory activities that Continued on page 6
FRIDAY, AUGUST 4, 2017 VOL. 3. NO. 415
N150
GLOBAL FINANCIAL/COMMODITY MARKETS
CURRENCIES/CBN: CBN: MƢƠǀêǀǀ ^&` #RGG `è Parallel Market: USD MƢÕƢ POUND MƿƣƢ EURO Mƿƾƾ NSE: d9 Ƣƣè ơƢǀêƾƢ MARKET CAP ơƾêƤƠ 0L#_ RƃM ơƣêƣǀ R ơƣêơƣ COMMODITIES: Wheat nd ƿǀÕêƠƠƃLj Rice nd ơƾêƿƢƃLj Cocoa nd ƾèƠÕơêƠƠƃ Coffee nd ơƿƠêƾƠƃdƅ ƍ Cotton nd ƣơêƾƢƃn ƈƐ Sugar nd ơƿêƢơƃRƑ ƅƆ METALS: Gold nd ơƾƣƿêǀƠƃRƑ ƅƆ Silver nd ơÕêǀÖƃRƑ ƅƆ Copper nd ƾêƤƤƃRƑ ƅƆ ENERGY: Brent nd ǀƾêơƢƃ^ è N/Gas nd ƾêƤơƃ
Planned reconciliation with Sheriff may ignite another conflict in PDP Ï ^ ƏƐƕ ƅ ƈƆƇƐ ƈ ƗƈƒƈƗƆƗ ƒƆƏ ƌ ƒƆ Ɛ ƏƆéƑ ƈƐƆ ƏƈƆƒƆƗ ƌƆƌƄƆƏ Ï MƆƔƐ Ɛƈ Ƌ ƅ ƈƏƌ Ƈ ƍ ƏƐƕ ƌƑ Ɛ ƆƌƆƏ Ɔ Ɛ Ə Ƒ ƌƆƏƈƐ –Ex-PDP ministers Ï ƅƊ Ɩ ƈ Ƈ ƍƏƆ ƈƗƆ ƅƕ Ɛ M ƏƐ è ƅ ƈƏƌ ƈƍ Ɛ d ƑƐ Ï M ƌ Ɨƈƅ ƍ ƋƈƐƈƅƈ ƓƈƋƋ ƒƆ ƍƆƅƈ Ƌ ƍƏƈƒƈƋƆ Ɔ ƈ ^#^è ƕ L Ɗ ƏƇƈ
Lateef Ibrahim, Abuja
ÏÏÏ Following
the recent Supreme Court ruling which confirmed the Chairman of the National Caretaker Committee (NCC) of the Peoples Democratic Party (PDP), Senator Ahmed Continued on page 7
Police dismiss 4 7 officers for burgling Jonathan’s house M Ɛ ƏƆ ƐƆ Ɛ ƗƆƅ ƌƌƈ ƈ ƤÖ 0L ` Ɨƈ Ɛ Ɛƈ Ƈ Ə ƏƆ ƅ ƒƆƏ Ɔ ƄƏƆ ƅ Ɔ 6
I have no rift with EFCC, says AGF 8 Malami
Gé`ë Ɨƒƈ ƆƏ Ɛ Ɛ Ɔ ^ƏƆ ƈƗƆ Ɛƃ ƈƆƇ &ƔƆƅƑƐƈƒƆè # ƐƆ 9 ƗƑ ƐƏƈƆ GƈƌƈƐƆƗè & Əê C Ɔƍ L Ɗ ƉƑè ƏƆƍƏƆ Ɔ Ɛƈ Ɛ Ɔ dƍƆƅƈ Ƌ 1ƑƆ Ɛ Ƈ 6 ƑƏè LƏê ƋƈƊ # ƐƆì Ƈ ƏƌƆƏ 1 ƒƆƏ Ə Ƈ ƌƄƏ dƐ ƐƆè LƏê ^ƆƐƆƏ RƄƈì Lƈ ƈ ƐƆƏ Ƈ dƅƈƆ ƅƆ Ɨ jƆƅ Ƌ ƕè #Əê R Ƅ ƕ R Ƒì Ƅƈ dƐ ƐƆ 1 ƒƆƏ Əè #Əê RƊƆƖƈƆ 9ƊƍƆ ƖƑ Ɨ Lƈ ƈ ƐƆƏ Ƈ G Ƅ ƑƏ Ɨ &ƌƍƋ ƕƌƆ Ɛè #Əê Əƈ M ƈ Ɔè ƗƑƏƈ Ɛ Ɔ Ƌ Ƒ ƅ Ƈ Ɛ Ɔ Ƅƈ dƐ ƐƆ C Ƅ Ɔ ƐƏƆ ^ ƏƐ Ƌƃ1Ə ƗƑ Ɛƈ ƆƏƆƌ ƕ Ƈ &ƗƑƅ Ɛƈ Ƈ Ə &ƌƍƋ ƕƌƆ Ɛ ^ƈƋ Ɛ ^Ə ƉƆƅƐ ƈ nƌƑ ƈ è Ƅƈ dƐ ƐƆČ j ƑƏ Ɨ ƕê
0Ə ƑƗ è Ƈ Ə ƆƏƈƆ 6 ƈ Ƅ Ɗƈ ƆƅƐ Ə ƗƆƅƋƈ Ɔ ƇƏ ƌ MơƤƄ Ɛ MƤêÕƄ - NDIC