Shell’s Exit Sparks Tensions in Nigeria’s Oil Sector as Local Firms Eye $4.5 Billion Acquisition

The PUNCH: Middle-Belt Youth Forum Protests Kidnapping Surge

In Abuja today, members of the Middle-Belt Youth Forum are set to stage a protest against the escalating cases of kidnapping in the region.

This demonstration follows the recent military arrest of 10 suspected bandits and aims to draw attention to the increasing insecurity ravaging parts of the country.

Guardian: Tensions Rise Over Shell’s Onshore Exit

A potential crisis looms over Shell’s planned exit from Nigeria’s onshore oil and gas industry, triggering a scramble by Nigerian firms to secure $4.5 billion for the acquisition of Shell’s assets and those of ExxonMobil and Nigerian Agip Oil Company Limited (NAOC).

Vanguard: President Tinubu Vows to Stamp Out Darkness

Expressing deep concern over the rising wave of insecurity, President Bola Tinubu declared his unwavering commitment to eliminating all forms of darkness, including Boko Haram terrorists, Ansaru militants, bandits, and kidnapping gangs.

The President’s determination to address the security challenges reflects a proactive stance.

The Nation: Emergency Security Meeting Summons by Tinubu

In response to the recent surge in kidnapping and banditry, President Bola Ahmed Tinubu called for an emergency security meeting in Abuja.

The gathering involved discussions with the Service chiefs as part of a concerted effort to tackle the security challenges facing the nation.

Daily Trust: ONSA Allocates N31.915 Billion for New Buildings

Just eight months after the commissioning of a massive edifice, the Office of the National Security Adviser (ONSA) has earmarked a substantial sum of N31.915 billion in the 2024 budget for the construction of new buildings.

This move signals a commitment by the current management to further enhance the infrastructure supporting national security initiatives.

In Conclusion:

Today’s headlines underscore the multifaceted challenges Nigeria faces, ranging from grassroots protests against kidnapping to critical developments in the oil and gas sector and the government’s proactive security measures.

The allocation of funds for new infrastructure by ONSA reflects ongoing efforts to strengthen national security capabilities. Stay tuned for more updates on Nigerian newspapers.

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