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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Nigerian communities threaten to block crude pipeline

bycitibusinessnews
November 1, 2016
in Africa, Top Stories, West Africa
Share on FacebookShare on TwitterShare on Whatsapp

Nigerian communities affected by an oil spill in the Niger Delta hub have threatened to block access to a pipeline unless state oil producer NNPC provides a cleanup and compensation within one week, a statement said.

Spills from blown-up or faulty pipelines have triggered an insurgency in the Delta, where militants fight for a greater share of oil revenues and a cleaner environment.

A pipeline operated by NNPC that runs from Escravos to the Warri refinery has been leaking crude since it broke on Aug. 17 in Delta state, a group of communities said in a statement received on Sunday.

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Traditional rulers of the so-called Gbaramatu Kingdom said they gave NNPC seven days to “clean up the impacted communities, provide relief materials and pay adequate and fair compensation to the communities and people.”

If the demands are not met in seven days, the rulers’ statement said, “we would have no other option than to shut down the Escravos to Warri trunk line.”

The communities accused NNPC of failing to repair the pipeline despite repeated warnings of a massive spill.

NNPC had no immediate comment.

Nigeria’s oil production has fallen by 1.8 million barrels per day from 2.2 million bpd at the start of the year due to attacks by militants, the oil minister said last week.

President Muhammadu Buhari is due to meet Niger Delta leaders and representatives of militant groups this week in Abuja.

–

Credit: CNBC Africa

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