The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has called on African governments and delegates to COP26 holding in Glasgow, Scotland to be resolute in demanding for climate change liability and payments for carbon debts by rich countries. This is contained in a press statement made available to newsmen on Wednesday. According to ERA/FoEN, in the recent times, rich countries have shown some appreciable effort to address climate change with a few countries such as the USA, Germany and the United Kingdom taking the lead in renewed pledges to the UNFCCC climate fund to address mitigation and adaptation measures…
Author: Abdallah el-Kurebe
The Federal Executive Council (FEC) has approved the reconstruction of 21 roads covering a total distance of 1,804.6 kilometres across the six geo-political zones. These projects are to be undertaken by the Nigerian National Petroleum Corporation (NNPC) through the deployment of its own tax liabilities. Minister of Works and Housing, Babatunde Fashola, announced the approval on Wednesday while briefing State House correspondents at the end of the FEC meeting held in Abuja. In July, FEC approved the award of a contract to Dangote Industries for the construction of five roads totalling 274.9 kilometres at the cost of N309.9 billion, advanced…
A High-Level meeting of the OPEC-GECF Energy Dialogue has underscored the importance of crude oil and natural gas to the global economy and in meeting current and future energy demands. This was made known in a joint communique issued on Wednesday at the end of the second high-level energy dialogue of the Organisation of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) (OPEC-GECF) via videoconference. The meeting was co-chaired by Yury Sentyurin, GECF Secretary-General, and Mohammad Barkindo, OPEC’s Secretary-General. The communique emphasised that both commodities would account for around half of the total global energy mix…
… Deploys staff for constable exam nationwide The Police Service Commission, PSC, says will ensure that the integrity of the aptitude tests of candidates for recruitment into the constable cadre of the Nigeria Police Force. The examination which holds on Friday and Saturday 30th, according to a statement by the commission’s spokesperson, Ikechukwu Ani on Wednesday, must be sustained and that it will not hesitate to discipline any staff of the commission or serving Police officer found compromising the exercise. Addressing the Staff of the Commission, during a one-day orientation programme in Abuja on Wednesday, the Permanent Secretary and Secretary…
The Chairman of FBN Holdings (FBNH), Mr Tunde Hassan-Odukale has been confirmed as the largest single shareholder of the company. This was stated in a letter published on the website of the Nigerian Exchange Ltd (NGX) on Wednesday. The letter signed by FBNH’s Company Secretary, Mr Seye Kosoko, said Hassan-Odukale was the single-largest shareholder and not Mr Femi Otedola. This new development is contrary to claims that the recent stakes of Otedola and his nominee, Calvados Global Services Ltd. constituted the largest single stake in the bank. An analysis of the letter showed that Hassan-Odukale acquired the bulk of his…
Releaf, an agtech startup that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable, has partnered with the International Institute of Tropical Agriculture to improve growth and sustainability in oil palm production in Nigeria and across Africa. A statement by Releaf on Wednesday, the partnership will enable the startup and the award-winning research-for-development organisation to explore ways to increase oil palm yields, deploy the best intercropping mechanisms, and work with fabrication and mechanisation experts to foster further innovation and development in Nigeria’s smallholder-driven oil palm sector. Despite having 80 percent of market…
By Justina Auta An international NGO, SOS Children’s Villages, on Tuesday, says the group is supporting the federal government to develop framework for alternative care for vulnerable children in Nigeria. Chinweba Ezeigwe, the organisation’s Head of Advocacy, Brand and Communication, disclosed this during a two-day media engagement and capacity building workshop for journalists in Abuja. Ezeigwe said strengthening the legal framework for alternative care for children in line with the UN Convention on the Rights of a Child would ensure sustainable quality care for vulnerable children in the country. “The major investment we need to make as a country will…
By Justina Auta The Chief Whip in the House of Representatives, Mohammed Monguno has called on public procurement practitioners to uphold the ethics and values of the profession to curb corruption in procurement process. Monguno made the call on Tuesday at the maiden inauguration of the executives and induction of members of the Association of Public Procurement Practitioners of Nigeria (APPON) in Abuja. According to him, the association plays a vital role in checkmating irregularities and unprofessionalism in the procurement process which is often the avenue for most corrupt practices in the governance. “Most of the corrupt activities are done…
… Latest UNEP Emissions Gap Report finds new and updated Nationally Determined Contributions only take 7.5% off predicted 2030 emissions, while 55% is needed to meet the 1.5°C Paris goal … Latest climate promises for 2030 put the world on track for a temperature rise this century of at least 2.7°C … Net-zero commitments could shave off another 0.5°C, if these pledges were made robust and if 2030 promises were made consistent with the net-zero commitments A new and updated report by the UN Environment Programme’s (UNEP), “Emissions Gap Report 2021: The Heat Is On,” has revealed that climate commitments…
BUA Cement Plc has posted a profit before tax (PBT) of N74.33 billion for the third quarter ended September 30. This was contained in the company’s unaudited financial statement released by the Nigerian Exchange (NGX) Ltd on Tuesday. The result was signed by the company’s Managing Director, Engr. Binji Yusuf and the Chief Financial Officer, Mr Jacques Piekarski. According to the financial statement, the PBT represented a 25.53 per cent growth compared with N59.21 billion achieved in the corresponding period of 2020. Also, the company’s profit after tax rose to N65.91 billion from N53.49 billion posted in 2020, representing an…