Job creation will bring to an end pipeline vandalism says Ibe Kachikwu

The Minister of Petroleum Resources, and Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, yesterday said the country would not totally end pipeline vandalism without creating an enabling environment that will empower militants in the Niger Delta.
Kachikwu, who spoke at a town hall meeting organised by the Ministry of Information and Culture in Uyo, Akwa Ibom State, pointed out that with the array of pipeline bombings by the Nigerian Delta Avengers, NDA, it would take nothing less than 15 to 20 years to get infrastructure in the oil sector working and full eradication of climatic effects on the environment. He said: “Modular refineries are going to be the answer to our problems in the future. We talk about the militants and their agitations; the reality is that until we begin to put things in place that would have these so called ‘militants’ find opportunities in the sector, the destruction is going to continue. “I have appealed to those who are breaking oil pipelines for now, the Niger Delta Avengers and everybody else, and as you know, we are engaging in negotiations for us to find peace this week and be able to enter a truce that stops all the destruction.” Kachikwu noted that Akwa Ibom would have an oil depot, as his ministry developed a document basically on relationship with oil producing states. He said: “So we can find a direct link between what we do and the oil that we produce. Then the restiveness will go. More than just the depot, I think Akwa Ibom deserves more.”

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Security Alert; Bart Ransomware Bypasses Corporate Firewalls

A new ransomware variant has emerged that’s similar to widespread threats such as Dridex 220 and Locky Affid=3, but uses a security-evading technique that may allow it to attack organisations protected from other malware, according to computer security researchers. Ransomware has spread quickly in the last few months, as a number of payouts have attracted cyber-criminals to the technique.

Buhari Considers Hadiza Bala Usman As Head Of NPA

Nigerian Ports Authority (NPA) and the Minister of Transportation, Mr. Chibuike Amaechi, has submitted Ms. Hadiza Bala Usman’s name to President Muhammadu Buhari to take over as the new managing director of NPA, says Reporter.Should Buhari approve the recommendation, Ms. Bala Usman, 40, will become the first female chief executive of a top tier federal government agency and of the NPA. She shall take over from Alhaji Habib Abdullahi, who was reinstated by Buhari in August 2015 as the managing director of NPA, after he had been shown the exit by former President Goodluck Jonathan in April 2015.

Yahoo Fails To Reveal Buyer, Suffers £332m Loss In Q2

Yahoo has failed to update investors on the sale of its core internet business as it revealed it suffered a £332 million loss in its second quarter. Instead, CEO Marissa Mayer said that “progress” has been made on its strategic alternatives but failed to define what that subjective term meant. Yahoo saw a rise in revenue to $1.3 billion (£1bn) in the second quarter, with mobile revenue growing from £252 million to $378 million (£287m).

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