The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019 ruling of the Federal High Court, Abuja which held that the Shell Petroleum Development Company (SPDC) was entitled to the renewal of the Lease on OML 11. In the ruling, the Appellate Court held that the Minister of Petroleum Resources has the discretion whether or…
Author: Abdallah el-Kurebe
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Kyari gave the charge Thursday while inaugurating the Board of the newly incorporated subsidiary of the Corporation, NNPC Greenfield Refinery Limited (NGRL), at the NNPC Towers, Abuja. The NNPC Greenfield Refinery Limited is a subsidiary of the Corporation set up in December 2020 with a mandate to oversee the establishment and operation of new refineries. The GMD,…
Barring any unforeseen circumstances, the ground is clearly levelled for the November 6, 2021, Anambra state gubernatorial election. There are many parties in the scramble for the governor’s seat, but going by visible indices, it’s safe to say the fight would be fought majorly by three political parties, viz: the All Progressives Congress, APC, Peoples Democratic Party, PDP and the ruling All Progressives Grand Alliance, APGA. Sequel to the various political squabbles dogging the leadership of most parties in the race, especially the most notable among them, evidences are emerging to suggest the lack of seriousness on their side, for…
The Police Service Commission, PSC, has set up an in-house panel to study in details available documents related to the suspended Deputy Commissioner of Police DCP Abba Kyari, former head of the Intelligence Response Team, IRT, of the Nigeria Police Force indicted by a report of the Federal Bureau of Investigation, FBI, of the United States. The Panel is expected to examine the facts of the allegations as contained in the FBI indictment and also to look at the extant rules as a means of keeping abreast of the matter pending the submission of the Report by the Police Investigative…
The Presidential Committee on Trade Malpractices, (PCTM) and Standards Organisation of Nigeria (SON) on Thursday challenged manufacturers to intensify lobbying to fight importation of sub standard goods in the country. Both organizations gave the charge during a meeting with some manufacturing companies in Abuja, which marked the official handing over of four operational vehicles as part of Corporate Social Responsibility (CRS). The companies including SUMO Steels Limited, Aarti Steel, Olak Group, KAM Holding Ltd. presented three Toyota Hilux and one bus, to the two government bodies: Presidential Committee on Trade Malpractices, (PTCM) and Standard Organisation of Nigeria, (SON) in support…
A bill for a law to provide protection for children in Sokoto State before the State House of Assembly on Thursday passed second reading. The passage of the bill followed a request by the leader of the All Progressives Congress, APC, at the Assembly, Bello Ambarura. According to him, the bill is an executive bill aimed to ensure that the rights of children are protected and that they are fully trained for the future. “This bill will enable the government to continue to address any form of violence on children and ensure no child is left out of school. “As…
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, said the federal government raised the sum of N669 billion from the Nigerian capital market through issuance of Sukuk Bonds. Ahmed said this at the Chartered Institute of Stockbrokers (CIS) 2021 national workshop on Thursday. The theme of the national workshop was: “Leveraging the Financial Markets to Achieve Double- Digit Economic Growth for Nigera.” She said the federal government through the Debt Management Office (DMO) raised N669 billion from the capital market between 2018 and 2020. “The federal government through the DMO had raised up to N669 billion from…
Indigenous stakeholders in the iron and steel sector in Nigeria have appealed to the federal government to indigenize iron and steel industries whereby government holds only marginal interest and the indigenous investors get major interests. Speaking during meeting of stakeholders in iron and steel sector in Ilorin on Thursday, the chairman, Basic metal, fabricated iron and steel products, Dr. Kamoru Yusuf, said that future of iron and steel business in Nigeria will heavily be dictated by the policy thrust of the government which, he said, must be tailored towards rendering necessary support and ease of doing business to investors in…
Clashes between herders and fishermen in northern Cameroon have killed at least 32 people this month, with 19 villages torched, the UN High Commissioner for Refugee (UNHCR) said on Thursday. Some 11,000 people fled to Chad and a further 7,300 were displaced in Cameroon’s Far North after fighting broke out on Aug. 10 between Choa Arab herders and Mousgoum fishermen and farmers, the UNHCR said. Officials described the fighting as Cameroon’s worst ethnic violence in years. The herders were angry because their livestock was falling into holes dug by fishermen to capture fish in pools of receding floodwaters, according to…
The U.S. Government froze Afghanistan government reserves held in US bank accounts as the Taliban rolled into the capital of Kabul, according to a report on Thursday. The move is an attempt to keep Afghanistan’s new rulers, the Taliban, from accessing billions of dollars after the militant group took control over the country. The Washington Post reported, citing people familiar with the matter speaking on condition of anonymity that Afghanistan’s central bank Ajmal Ahmady fled after the Taliban came to power. On Wednesday, Ahmady said on Twitter that around seven billion dollars of the reserves were held in the U.S.…