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Petroleum Industry Intervention Initiative Earmarks 53% of Funding to Construction of Medical Infrastructure

Petroleum Industry Intervention Initiative Earmarks 53% of Funding to Construction of Medical Infrastructure

… Commences building of facilities in three states BY ONYEKA AJUMOBI ONOCHIE Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve on healthcare delivery in the country, 53 per cent of the sum has been earmarked for the construction of medical infrastructure across the six geopolitical zones ... Read More »

Oil Company That Can’t Fix Refineries Wants to Build Hospitals

Oil Company That Can’t Fix Refineries Wants to Build Hospitals

For decades, Nigeria’s state oil company couldn’t maintain refineries meant to ensure domestic fuel supply, forcing Africa’s biggest producer to rely on imports. Now it wants to build hospitals to attend to the health needs of the country’s more than 200 million people. The Nigerian National Petroleum Corp. indicated this shift of focus when it announced plans on Tuesday to ... Read More »

Zenith Bank discloses projections following release of CBN’s latest Treasury Bills calender

Zenith Bank discloses projections following release of CBN’s latest Treasury Bills calender

Zenith Bank Plc has said it expects the volume of Nigerian Treasury Bills (NTBs) issuance to reduce in the short to medium term. This was disclosed in the tier-1 bank’s weekly economic intelligence report that was published earlier today. The report is coming just days after the Central Bank of Nigeria (CBN) released its Treasury Bills calendar for the third ... Read More »

EFCC Presents Witness in Alleged N27m Dud Cheque Issuance

EFCC Presents Witness in Alleged N27m Dud Cheque Issuance

  Owolola Adebola The Abuja Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Tuesday, June 9, 2020, presented the first prosecution witness (PW1), Mr. Olajide Friday, before Justice A. S Adepoju of the Federal Capital Territory High Court, Abuja, in the trial of William Salami Bamidele, who allegedly issued a dud cheque of GT Bank to the ... Read More »

PRODUCE AT $10 PER BARREL IN 2021 OR GIVE WAY, NNPC GMD TELLS OIL COMPANIES

PRODUCE AT $10 PER BARREL IN 2021 OR GIVE WAY, NNPC GMD TELLS OIL COMPANIES

BY ONYEKA AJUMOBI ONOCHIE Oil companies producing in Nigeria have been admonished to produce at $10 per barrel in 2021 or be prepared to give way. The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, gave the warning yesterday during a Webinar on the impact of COVID-19 on the Nigerian oil and gas industry and the way ... Read More »

NAHCON Meets NASS On 2020 Hajj, NITDA On Digital Transformation

NAHCON Meets NASS On 2020 Hajj, NITDA On Digital Transformation

By Fatima Sanda Usara The National Hajj Commission of Nigeria (NAHCON), in collaboration with Nigerian Information Technology Development Agency (NITDA), has concluded plans on a strategic digital transformation of Hajj operations and management in Nigeria. The rollout meeting was held Tuesday, 9th, June 2020 in the Hajj House conference room. Speaking during the parley with the NITDA team, NAHCON’s Commissioners, ... Read More »

NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions

NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions

In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy and completeness of value added tax (VAT) elements and other taxes payable in the transactions of telecoms operators. With the MoU, the FIRS will be able to integrate ... Read More »

Malami Receives Best Minister Award 2020

Malami Receives Best Minister Award 2020

The Attorney-General of the Federation and Minister of Justice has received certificate of nomination as the Best Minister of the year 2020 by a non-governmental organization, Face of Democracy Nigeria Project. This is contained in a statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice ... Read More »

Executive order 10 signed by Buhari sacrosanct – Malami

Executive order 10 signed by Buhari sacrosanct – Malami

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN has said that President Muhammadu Buhari’s administration cameo with the Executive order No- 0010 in order to deepen democracy from grassroot and ensure effective implementation of the doctrine of separation of powers. This is contained in a statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and ... Read More »

 Gbajabiamila inaugurates ad-hoc committee on power sector reforms…says estimated billing remains ‘a no, no’

 Gbajabiamila inaugurates ad-hoc committee on power sector reforms…says estimated billing remains ‘a no, no’

The Speaker of the House of Representatives Rep. Femi Gbajabiamila on Tuesday inaugurated the House Ad-hoc Committee on Power Sector Reforms, charged with the responsibility of undertaking a holistic review of the power sector in Nigeria and recommending appropriate legislative action to the House. Gbajabiamila said setting up the ad-hoc committee became necessary because of the resolve of the House ... Read More »

Bama: Zulum revokes allocations on empty estate, reallocates to homeless IDPs

Bama: Zulum revokes allocations on empty estate, reallocates to homeless IDPs

  … Shares food to 25,000 vulnerable Borno Governor, Babagana Umara Zulum on Monday revoked all allocations of houses that have remained unoccupied at Indimi Estate for more than a year, in Bama local government area. Zulum said since it was obvious that those given the houses do not need them, internally displaced persons, many of whom live in government ... Read More »

Pantami tasks Danbatta, NCC on digital economy

Pantami tasks Danbatta, NCC on digital economy

Following the reappointment of Prof. Umar Garba Danbatta as the Executive Vice Chairman (EVC)/CEO of the Nigerian Communications Commission (NCC) for another five-year term, the Hon. Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, has charged the EVC and the entire Management of the Commission to redouble their efforts towards actualising the digital economy agenda of the ... Read More »

Senate successfully screens two non executive directors of NDIC

Senate successfully screens two non executive directors of NDIC

BY ONYEKA AJUMOBI ONOCHIE The Senate has successfully screened two nominees of President Muhammadu Buhari, Ms. Diana Okonta and Hajiya Ya’ana Yaro, as Non-Executive Directors to the Board of the Nigeria Deposit Insurance Corporation (NDIC). Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, commended the President for the nomination of the two immensely ... Read More »

NIRSAL Former Staff In Dirty Fight Against Dismissal

NIRSAL Former Staff In Dirty Fight Against Dismissal

 By Rabiu Usman Olusola Omole  was dismissed from the  Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) in March after an internal investigation found him guilty of sabotaging the organization and promoting his own personal interests. But since he was handed his letter of dismissal, Omole had taken to social and online media to disparage the management of NIRSAL ... Read More »

NNPC to cut crude oil production cost

NNPC to cut crude oil production cost

BY ONYEKA AJUMOBI ONOCHIE The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said. A statement by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru, stated ... Read More »

NNPC Expresses Commitment to Biodiversity

NNPC Expresses Commitment to Biodiversity

… As Corporation Marks World Environment Day BY ONYEKA AJUMOBI ONOCHIE The Nigerian National Petroleum Corporation (NNPC) has expressed its determination to adhere to sustainable environment practices in all its operations to safeguard biodiversity in the country. Group Managing Director of the corporation, Mallam Mele Kyari, made this known Friday in Abuja in his keynote address as part of activities ... Read More »

Minister urges Govs to emulate AbdulRazaq over RoW charges

Minister urges Govs to emulate AbdulRazaq over RoW charges

By Joe Adedeji, Ilorin Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy, has thanked Kwara Governor AbdulRahman AbdulRazaq for reducing Right of Way (RoW) charges for Telecommunication Companies. The governor was said to be the first to implement the resolution of the Nigerian Governors’ Forum (NGF) to do earlier in January, in the interest of Nigerians. The ... Read More »

Lawyer challenges constitutionality of ministerial Guidelines for the release of staff in oil and gas industry

Lawyer challenges constitutionality of ministerial Guidelines for the release of staff in oil and gas industry

Temilolu Adamolekun, a Lagos-based constitutional lawyer, has filed a suit before a Federal High Court in Lagos, challenging, the constitutionality of Regulation 15A of the Petroleum and the guidelines for the release of staff in the Nigerian Oil and Gas industry. Adamolekun has also filed a motion on notice accompanied the originating summons, seeking an Order of interlocutory injunction of ... Read More »

FG to Enhance Legal Framework for Nigeria’s Digital Identity – Malami

FG to Enhance Legal Framework for Nigeria’s Digital Identity – Malami

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN said the Federal Government is committed to reviewing the legal and regulatory framework with a view to accelerating the implementation by Nigeria’s digital identity for development project. This is contained in a statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations Office of the Attorney-General of the Federation ... Read More »

NCC: Danbatta bags reappointment as Buhari approves Pantami’s recommendation

NCC: Danbatta bags reappointment as Buhari approves Pantami’s recommendation

President Muhammadu Buhari has approved the reappointment of Professor Umar Garba Danbatta as the Executive Vice Chairman, Nigerian Communications Commission. Uwa Suleiman ( Mrs), Spokesperson to the Minister of Communication and Digital Economy, Dr Isa Ibrahim Pantami disclosed in a press statement of Friday. She said the approval by the president was based on the recommendation made by the minister. ... Read More »