NNPC welcomes female children engineering study promotion

http://teamlasolas.com/online-essay-writer/ By Abdulwaheed Usamah, 

As part of measure towards promoting gender equality, the Nigerian National Petroleum Corporation (NNPC) has welcomed an education initiative by Association of Professional Women Engineers of Nigeria (APWEN), aimed at encouraging more female children to study engineering, the idea of which was said would bring both human and emotional touch to the profession.

How, corporation stated that it was ready to collaborate with the group, who is championing the course, to encourage female children to study engineering.

The Group Managing Director, NNPC, Dr. Maikanti Baru, who commended members of the association for demystifying engineering profession as a male job, said that female engineers bring human and emotional touch to the profession by making sure that every engineering design has a human face.

Speaking during a courtesy visit of the group to the corporation’s office in Abuja on Tuesday,Baru said female engineers give a good account of themselves in oil and gas industry, assuring that, the corporation would continue to partner APWEN in the quest to take Engineering to a higher heights.

The NNPC’s boss stated that the corporation would continue to encourage female engineers in the employ of the corporation to participate in the activities of APWEN, with assurance that qualified children would be sponsored to take part in the forthcoming investiture of the association.

“We have female engineers in the rigs, gas stations, refineries and most of our technical services. A female engineer is, indeed, involved in proffering solution to the recent fuel queues. They deliver whenever they are called upon to do so.

“NNPC is very much committed to the Engineering profession because it is the bedrock of our activities,”  Baru noted.

On her part, President, APWEN, Felicia Agubata, who led national executive committee and the Abuja Chapter of the association on the visit, described NNPC as pinnacle and enabler of the Nigerian economy

She commended NNPC for providing fuel for the national economy and expressed the readiness of the association to work with the corporation to encourage the study of engineering among female children

 

Petroleum minister, NNPC, NIMASA chart path for crude oil exportation

page By Abdulwaheed Usamah, 

Nigeria may have to begin looking outwardly traditional ways of exporting crude oil, from Free On-Board (FOB) and Cost, to Insurance and Freight (CIF) system, in order to attract maximum benefits for Nigeria, the pathway of which emphasis was laid by upon by authorities in charge of the nation wealth.

In a nutshell, stakeholders within the maritime industry have been convened to generate ideas on how best to export Nigerian crude oil for development of the nation.

At a meeting, organized by Nigerian National Petroleum Corporation (NNPC) in conjunction with Nigerian Maritime Administration and Safety Agency (NIMASA), on Tuesday in Abuja, they agreed that there was no best time to holistically approach the preferred system of exportation of the crude oil and that major players within the industry must come together to achieved the set goal.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, raised concerns that various attempts in the past to transit from the Free-on-Board (FOB) to Cost, Insurance and Freight (CIF) system of exporting the nation’s crude oil had failed and that there was no better time than now to revisit the issue holistically to determine which of the systems best serves the interest of Nigeria.

Addressing gathering at the meeting, Kachikwu urged participants to come up with recommendations to help the Federal Government take appropriate decision on the issue with a view to enhancing the nation’s the economy.

On his part, the Group Managing Director, NNPC, Dr. Maikanti Baru, stated that the corporation’s preference for FOB was informed by prevailing security situation and that of need to guarantee steady revenue into the Federation Account.

At the meeting, the NNPC’s boss explained that under CIF, petroleum cargoes were legally property of federal government which could pose a danger to the country’s earning as creditors could procure court orders to confiscate crude oil cargoes as a means of securing payment of Nigeria’s indebtedness.

According to him, the experiences of Nigerian Airways and the Nigerian National Shipping Line both of which had their vessels/crafts and cargoes confiscated on court orders obtained by creditors is unpleasant to recall.

“Due to these peculiarities, we find it most appropriate to transfer the potential risks associated with the ownership of the cargo to the buyer at the load port in Nigeria which FOB incoterm allows.

Government/NNPC’s liability ends as the crude oil passes from loading hose at the vessel’s manifold to the loading vessel. The buyer pays for Freight, Marine Insurance, unloading and transportation from the load port in Nigeria to the destination”, he stated.

To him,  NNPC was not unmindful of the value erosion inherent in the FOB sale arrangement, adding that the corporation was open to new ideas on the proper mix that could enable synergy and collaboration amongst different stakeholders to guarantee security of federation revenue as well as guard against associated risks involved in delivery of crude oil and Gas to customers.

In his remark, the Director General,  NIMASA, Dr. Dakuku Peterside, indicated that while there was no correct measure to the issue of freight system to adopt, there was need to be open-minded about possible alternatives that could help in the quest to diversify the economy.

He urged participants to be guided by the national interest in their discussion and explore all possible opportunities.

NNPC directs monitoring on approved ex-depot 133.28 petroleum price compliance

By Abdulwaheed Usamah,

Despite subsided pressure and disappeared queues across filling stations at major cities over fuel scarcity panics, the Nigerian National Petroleum Corporation (NNPC) has refused to relax been of its feet against slight neglect that led to recent petroleum crisis, by deploying more of its depots and other throughput facilities to enforce an approved N133.28 Ex-Depot petroleum price to marketers directly.

The corporation stated that the measure became necessary to resolve price differentials between among its stakeholders and that the throughput facilities along with some of its coastal depots would go a long way in ensuring that marketers access Premium Motor Spirit (PMS) at the approved government price.

The Managing Director, Pipeline and Product Marketing Company (PPMC), Umar Ajiya, said that the move was to ensure that the fuel scarcity and other related crisis were not allow to resurface and that the corporation had adequate supply of petrol,

Through a statement signed by the corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, Ajiya disclosed that corporation received between one and two PMS laden ships per day and that there were days that the NNPC recorded delivery of four cargoes of ship laden with petroleum products.

“As at today, I want to confirm that the NNPC/PPMC has more than 20 days sufficiency both at marine and land depots and we are still operating 24 hours at the depots and all NNPC Retail Outlets to wet the nation with PMS,”  reassured.

The PPMC boss stated that queues were easing out across the country going by feedbacks from the field and that most of the filling stations were selling at the approved price of N145 per litre.

He said the daily truck-outs from the depots had been increased from 1,733 trucks to 2000 trucks per day, adding that efforts are on to sustain the tempo in order to flood the market with PMS.

The managing director urged marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.

He enjoined motorists and other consumers to report any infraction by marketers or any NNPC retail outlets to relevant authorities

Report indicates alternative source readiness for cheap electricity delivery

click here By NewsDesk, with Agency report,

A published report on future of power across continents has indicated that with new onshore wind and solar energy projects investor would deliver electricity more cheaply than fossil fuels plants, with other green technologies also rapidly gaining a cost advantage over dirty fuels.

According to a new cost analysis from the International Renewable Energy Agency (IRENA), within two years all the renewable power generation technologies that are now in commercial use are expected to fall within the fossil fuel-fired cost range, with most at the lower end or undercutting fossil fuels”.

It expects renewables will cost between three and 10 US cents per kilowatt hour (kWh) by 2020, while the current cost spectrum for fossil fuel power generation ranges from five to 17 US cents per kWh.

The Director-General, IRENA, Adnan Amin, in a statement, stated that new dynamic signals a significant shift in the energy paradigm and that turning to renewable for new power generation was not simply an environmentally conscious decision.

It said that the alternative was overwhelmingly a smart economic option to create cheaper electricity for both homes use and that of industry.

Continued technological advancements are not the only factor helping drive down prices. The report found that the market was becoming more competitive and a number of experienced project developers had emerged in the sector.

The best onshore wind and solar PV projects are expected to deliver electricity for three US cents or less by next year.

But onshore wind and solar are not the only sectors becoming more competitive rapidly. The study found that new bioenergy and geothermal projects commissioned in 2017 had global weighted average costs of around seven US cents per kWh.

IRENA said auction results suggest that two other technologies –concentrating solar power (CSP) and offshore wind — will provide electricity for between 6-10 US cents per kWh by 2020.

“These cost declines across technologies are unprecedented and representative of the degree to which renewable energy is disrupting the global energy system,” said Amin.

The report was released on the first day of the eighth assembly of IRENA, which aims to be a global hub for renewable energy cooperation and information exchange by its 154 member countries.

Legislators, Heads of State to discuss Lake Chad’s extinction at Global Forum

source By Adewunmi Abodunrin,

In a bid to proffer solutions on saving the drying Lake Chad, the presidency, in conjunction with other Heads of States and Government of the Lake Chad Basin Commission is planning to have a International Conference scheduled to hold from 26th to 28th February, 2018 in Abuja.

Minister of Water Resources, Suleiman Adamu, disclosed this on Thursday, through a statement made available by the Director for Information and Public Relations Unit, Federal Ministry of Information and Culture, Margaret Umoh when the United Nations (UN) Deputy Secretary-General, Amina Mohammed paid him a courtesy visit in Abuja.

Adamu noted that the objective of the conference is to find lasting solutions in recharging the drying up of the basin, while stressing that in the next 50 to 100 years from hydrological perspective, the lives of the people of that region who depend on the lake as their source of livelihood would be in danger as the Lake faces extinction.

The Minister proposes for cheaper and workable solutions to saving the Lake from extinction. According to him, the MoU signed between the Lake Chad Basin Commission and the POWERCHINA International Group Limited in April 2016 to save Lake Chad from drying up, can be actualized by the transfer of water from the Congo Basin to Lake Chad Basin.

Adamu said that study done by POWERCHINA, shows that it is technically feasible to transfer water from river Congo to Lake Chad thereby increasing the level of the Lake. This, according to him would halt the receding of the Lake and the drying of the north basin due to climate change.

Speaking further, he called for more workable solutions that may be cheaper than the Inter-basin water transfer.

On cooperation between Nigeria and the UN on the re-integration of the people of the North East ravaged by the Boko Haram insurgency, the Minister said part of the ministry’s efforts in cushioning the effects of the insurgency in that region under this present administration in the past two years has been by budgeting about 1 billion naira annually to water supply and sanitation facilities for the IDPs nationwide

The Deputy Secretary-General of the UN, Amina Mohammed had said that the purpose of the high-level mission which was an informal consultation on political, human rights, humanitarian and development issues will help scale up UN presence in the North East in particular and Nigeria in general.

She said UN is more committed in the re-integration process on-going in the North East as well as in the planned Conference of Saving Lake Chad that is scheduled for February, 2018. She charged Heads of States and Government of the Lake Chad Basin Commission to consider passing the resolutions of the Conference in a communiqué to the African Union (AU) for further action.

“Saving the Lake Chad is a sustainable development issue and the UN is ever ready in addressing such an issue. All hands must be on deck in saving the Lake from extinction. We need to know how it can work and not how it cannot work,” Amina said.

Facebook projects big changes to news feed

Facebook has announced its plan to provide less content from businesses, brands and media with more focus on contents from friends and family for  its two billion users scroll on News feed.

According to its CEO Mark Zuckerberg  who made the declaration on Thursday, the move was in a bid to make people feel more positive about the time they spend on social media. The content Facebook shows “should encourage meaningful interactions between people,”he said.

“The research shows that when we use social media to connect with people we care about, it can be good for our well-being,” Zuckerberg wrote. “We can feel more connected and less lonely, and that correlates with long term measures of happiness and health. On the other hand, passively reading articles or watching videos — even if they’re entertaining or informative — may not be as good.”

The announcement comes one week after Zuckerberg, who famously declares a News Year’s resolution on Facebook each year, announced his goal this year will be to “fix” Facebook. This includes dealing with abuse on the platform, such as Russian meddling in elections and ensuring users feel like logging onto Facebook is “time well spent.”

Facebook has denied it is a media company, but in recent years, brands, media companies and other content creators have turned to Facebook for its unparalleled reach and engagement. It’s a point Zuckerberg acknowledged in his post, writing that “video and other public content have exploded on Facebook in the past couple of years.”

“Since there’s more public content than posts from your friends and family, the balance of what’s in News Feed has shifted away from the most important thing Facebook can do — help us connect with each other,” Zuckerberg said.

The News Feed shake-up will also usher in a shift in thinking for Facebook’s product teams. They were previously given the mandate to help users find relevant content. Now, Zuckerberg said, they’ll be tasked with helping deliver more meaningful social interactions for Facebook users.

Facebook’s algorithm — think of that as a complex digital recipe for deciding what shows in each person’s News Feed — will now prioritize posts from friends and family that “spark conversations and meaningful interactions between people.”

What’s unclear is whether the changes could perpetuate an echo chamber effect, assuming users are more likely to interact with posts that reinforce their beliefs.

The changes are also a blow to brands and media companies that publish on Facebook. Adam Mosseri, Facebook’s head of News Feed, said these public pages can expect to see their reach, video watch times and referral traffic decrease.

“Pages making posts that people generally don’t react to or comment on could see the biggest decreases in distribution. Pages whose posts prompt conversations between friends will see less of an effect,” he wrote in a blog post.

With people no longer having as much content to passively consume in their News Feeds, Zuckerberg said he expects some measures of user engagement will decrease. That’s news shareholders may not want to hear, but Zuckerberg said he believes the changes will be mutually beneficial in the long run for Facebook’s two billion users and its bottom line.

“By focusing on bringing people closer together — whether it’s with family and friends, or around important moments in the world — we can help make sure that Facebook is time well spent,” he said.

 -NBC

NNPC urges motorists to report petroleum marketers selling above N145

click By Balogun Alabi,

The Nigerian National Petroleum Corporation (NNPC), has urged motorists across the country to report any marketer found selling above Federal Government approved price of N145 per litre of petrol.

It stressed that members of public should also report to the Department of Petroleum Resources (DPR), which is statutorily empowered to deal with fuel issues, of filling stations hoarding the products, adding that DPR had offices located in all parts of the country.

The agency, warned that any marketer found hoarding or selling product more than the approved price should be ready to face full wrath of law.

In a statement made available to journalists on Thursday in Abuja, NNPC’s, Group General Manager, Group Public Affairs division, Ndu Ughamadu, threatened that law enforcement agencies would mete out appropriate sanctions to operators of fuel stations who engage in hoarding or sell products above the recommended band.

Ughamadu who said that the body advised motorists against panic buying, disclosed that the agency has adequate supply of petroleum product that would serve the country.

“NNPC assures motorists that the Corporation has robust stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 30 days,” he added.

Amazon CEO emerges world’s richest man

source site By Balogun Alabi with News agency report,

The Chief Executive Officer of Amazon, Bezos Jeff, has emerged the world richest man, dethroning the world’s richest man and owner of Microsoft, Bill gate.

It was gathered that Bloomberg and Business magazine, forbes, have placed Jeff ocer Gates on top of their billionaire lists.

Bloomberg magazine was said to have disclosed that Jeff’s net worth reached 106 billion United States dollars while Forbes placed at 105 billion.

However, the magazines yesterday said that majority of amazon’s boss net worth came as a result of the 78.9 million shares of Amazon stock he owned.

The magazines confirmed that shares of Amazon (AMZN) climbed nearly 57 percent in 2017, while the previous record was held by Microsoft founder Bill Gates with 100 billion in 1999.

According to an analysis of transaction data by Earnest Research in New York, U.S., amazon company managed to make up 89 percent of online spending among major retailers in the five-week period beginning during Thanks giving in 2017.

The magazines revealed that Bill Gates currently holds number two position on both of the fortune lists with roughly 92 billion dollars.

However, some of bill’s followers argued that bill would have maintained his first position if not for his significant charitable contributions.

According to Bloomberg, Bill has given away almost 700 million Microsoft shares, worth 61.8 billion dollars at today’s value, as well as 2.9 billion dollars of cash since his debut in 1996.

DPR shuts three stations over price hike in Lagos

http://rockexim.com/chemistry-written-thesis-phd/ By Balogun Alabi,

The Department of Petroleum Resources (DPR), has sealed three filling stations situated in Ibeju-Lekki and Epe Local Government Area of Lagos State, for allegedly hoarding and selling fuel above Federal Government price of N145 per litre.

It was learnt that the two filling stations sold petroleum products to customers at N170 per litre, which was above approved pump price.

The department accused one of the filling stations, identified as TAS Nigeria Ltd in Epe area of the state, of hoarding over 12,000 litres of petrol as at time DPR personnel visited the station, adding that the marketer claimed that the reason for hoarding was that its power generator was faulty.

According to the agency, motorist had supplied information that the filling station sold at N170 per litre, adding that the marketer stopped selling when it heard that DPR officials were around.

However, the department’s chief mechanical engineer, Igheghe Abel, told journalists yesterday that the DPR had invited the station for questioning.

“We have summoned them to our office in Lagos to come and tell the management why they are hoarding and selling above the official price,” he said.

Abel stressed that the second filling station that was sealed, identified as T.Tab Global Merchant in Epe area of the state, pretended not to have enough product in its tank, adding that there was nobody to attend to the agency.

The agency added that motorists confirmed that it stopped selling because of DPR team’s presence, as they were scared that the filling station would be sealed.

“We have sealed the station as well, the dealer has been invited to our office,” he said.

Ambode adjusts cabinet, appoints new commissioner for information, others

By Adewunmi Abodunrin,

As an indication that governments at all levels are prepared to fast-track development of citizens across Nigeria, the Lagos State Governor, Akinwunmi Ambode, has reshuffled his cabinet with appointment of new executive members including Commissioner for Information and Strategy.

Aside appointment of the governor’s former Special Adviser, Communities and Communication, Kehinde Bamigbetan, as commissioner for Information and Strategy, that of other member of the state’s executive, Ambode also laid off three commissioners who were believed to have under performed in their areas of specialties. 

Through a statement issued on Thursday by Secretary to the State Government, Tunji Bello, the governor listed three affected cabinet members who were Commissioner for Ministry of Physical Planning Urban Development, Anifowoshe Abiola; Commissioner for Ministry of Science and Technology, Femi Odubiyi and Commissioner for Ministry of Tourism, Art and Culture, Adebimpe Akinsola.

From the governor’s list, after appointment of Bamigbetan, Segun Banjo was appointed as Special Adviser for Ministry of Economic Planning and Budget,  Olayinka Oladunjoye to be in charge of Ministry of Commerce and Industry; while Hakeem Fahm would serve at Ministry of Science Technology; and Ladi Lawanson, for Ministry of Transportation;.

On same development, the state governor also deployed Rotimi Ogunleye from Commerce and Industry to Physical Planning and Urban Development;  Uzamat Akinbile-Yusuf from Ministry of Youth and Social Development to Ministry of Wealth Creation; Agboola Dabiri from Central Business District to Ministry of Youth and Social Development; Steve Ayorinde from Ministry of Information and Strategy to Ministry of Tourism, Arts and Culture; Babatunde Durosinmi Etti from Ministry of Wealth Creation to Ministry of the Environment.

Others included: “Dr. Samuel Adejare from Ministry of Environment to Ministry of Waterfront Infrastructure Development; Engr. Ade Akinsanya from Ministry of Waterfront Infrastructure Development to Ministry of Works and Infrastructure.

“Benjamin Olabinjo has been moved from Special Adviser, Commerce and Industry to become Special Adviser Civic Engagement, while Kehinde Joseph moved from Special Adviser Civic Engagement to become Special Adviser Housing.

According to the statement, Special Adviser Sports, Deji Tinubu, has been redeployed as Special Adviser to the Governor on Commerce and Industry and Anofiu Elegushi moved from Special Adviser Transport to become Special Adviser, Central Business District.

“The new commissioners are expected to be cleared by the State House of Assembly while the other redeployment and postings take immediate effect.

“The new appointments and redeployment are geared towards creating a new vigour and vitality for service delivery which has been the hallmark of the Governor Ambode administration”, it stated.