Oil
Delta governor: Nigeria on course despite coronavirus, economic challenges , insecurity
Delta State Governor, Dr Ifeanyi Okowa, Monday, said despite the COVID-19 pandemic, security and economic challenges, Nigeria as a nation is still on course.
Senate president: Delaying passage of PIB will cost Nigeria economic losses
Lawan stated this on Monday while delivering his remarks at a two-day public hearing on PIB organised by the Senate Joint Committee on Petroleum Sector (Downstream); Petroleum Resources (Upstream); and Gas.
Senate president: We are in a hurry to pass PIB by April
President of the Senate, Senator Ahmad Lawan has said that the National Assembly is a hurry to pass the Petroleum Industry Bill, PIB first quarter of this year because Nigeria has lost a lot of resources following the non-passage of the Bill.
Indonesia seizes Iran, Panama-flagged tankers over ‘illegal oil transfer’
Indonesia said its coast guard seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country’s waters on Sunday.
Nigeria’s central bank to stop exporters with unrepatriated proceeds from banking services
The Central Bank of Nigeria (CBN) has directed banks to deny exporters with unrepatriated export proceeds from accessing all banking services by January 31.
Seplat asks privileges committee to sanction senior advocate
Seplat Petroleum Development Company has asked the Legal Practitioners Privileges Committee (LPPC) and the Legal Practitioners Disciplinary Committee of the Nigerian Bar Association (NBA) to sanction a Senior Advocate of Nigeria, Mr. Kunle Ogunba, for alleged gross misconduct and unethical practices contrary to the Rules of Professional Conduct for Legal Practitioners 2007.
Environmentalists, regulators visit spill impacted communities in Bayelsa
Preliminary investigations into the January 16, 2021 oil leak near Funiwa offshore facilities. off the Atlantic coast have commenced with a visit by Bayelsa government officials, regulatory agencies and representatives of impacted communities.
Naira rises against dollar at official market
Naira strengthened against the U.S. dollar on Thursday at the Investors & Exporters (I&E) window of the foreign exchange market, data from the FMDQ Security Exchange where currencies are officially traded showed.
NEPC chief lauds Niger’s role in realisation of non-oil export plan
The Chief Executive Officer of the Nigeria Export Promotion Council (NEPC), Mr. Segun Awolowo has said that Niger State is playing a significant role in the realisation of the federal government’s plan of economic diversification from its traditional reliance on oil as the sustainer of the economy.
Politicians, herdsmen top insecurity actors in Delta – report
Stakeholders in Delta state have identified politicians as the most powerful actors involved in conflict, violence and insecurity in the state and herdsmen with backers in the Police and Army, as key actors in law-breaking.
Ghana’s oil reserves left with 2.5 billion barrels – report
Ghana’s oil reserves is left with about 2.5 billion barrels more to be produce if new oil discoveries are not found.
FAAC shares N619.3 billion to federal government, states, local councils for December 2020
“The distribution is as follows: Federal Government got N23.904 billion, the States received N79.682 billion, Local Government Councils got N55.777 billion while Cost of Collection by FIRS and NCS is N6.854 billion and allocation to NEDC project amounted to N5.141 billion.”
Joe Biden signs orders to end ‘Muslim ban’, rejoin climate deal, WHO
United States President Joe Biden has signed a string of executive orders, memorandums and directives that will reverse some of his predecessor Donald Trump’s most divisive policies, including rescinding the so-called “Muslim ban”, rejoining the Paris climate accord, and ending the process to withdraw from the World Health Organization (WHO).
Former NNPC chief Festus Marinho passes on
Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.
Lekoil appoints Aisha Muhammed-Oyebode as board chairman
Lekoil Nigeria Limited, the oil and gas exploration and production company and affiliate of Lekoil Limited Cayman, has announced the appointment of Mrs. Aisha Muhammed-Oyebode as Chairman of the Board.
Joe Biden set to rejoin Paris climate accord, impose curbs on U.S. oil industry
Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming.
Doyin Salami: Nigeria spent N1.85 trillion on food importation in 2020
The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.
Oron Union: NDDC sole administrator appointed by President Buhari, not Senator Akpabio
As reactions continue to trail appointment of Barrister Effiong Akwa as Sole Administrator of the Niger Delta Development Commission, NDDC, a group, the Oron Union has lauded President Muhammadu Buhari for settling for a man they described as “a leader with capacity and capability to effectively confront the developmental challenges bedeviling the region.”
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Nigeria police chief directs hospitals to save lives first before asking for police report
Shedding light on the police policy on people with gunshot wounds, Adamu said, “No, we don’t do that, save life first even if it’s an individual, suspected robber or kidnapper, or bandits. If he or she has gunshot wounds and goes to the hospital, his life must be saved first before thinking of any other thing to do.”
President Buhari sacks service chiefs, names replacements
President Muhammadu Buhari has sacked the Service Chiefs.
Master KG: I didn’t pay Burna Boy to feature in Jerusalema remix
Popular South African musician, Master KG, renowned for his song, Jerusalema, says that self acclaimed African giant, Burna Boy, was not paid to feature on the remix of his hit song.
Sunday Igboho: I lost properties worth N50 million in inferno
Chief Sunday Adeyemo, popularly known as Sunday Igboho, has estimated the damage and loss suffered in the early Tuesday morning fire at his residence at Soka, Ibadan, at N50million.
Ghana warns British Airways over plans to move Accra-London flights to Gatwick
The Government of Ghana through the Ministry of Aviation has raised issues with a decision by the British Airways to move Accra-London flights from the Heathrow Airport to Gatwick.
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NMA chair: Three doctors die of coronavirus, 53 others test positive in Kano
Chairman, Kano State chapter of the Nigeria Medical Association, NMA, Dr Usman Ali, on Monday said so far it has lost three doctors to the raging coronavirus pandemic while 53 others tested positive in the state.
Nigeria records 1,386 new coronavirus infections
The Nigeria Centre for Disease Control (NCDC) has recorded 1,386 new cases of COVID-19, bringing the total number of infections in the country to 114,691.
ACFTA: We need clear tariffs directives – Customs
The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African Continental Free Trade Agreement (ACFTA).
Manchester United near £55 million transfer for Liverpool target Dayot Upamecano
Anfield boss Jurgen Klopp has targeted the RB Leipzig star, 22, to bolster his creaking backline in the long-term absence of Virgil van Dijk.
NPA launches electronic truck call-up system
“The Authority is pleased to announce the commencement of Eto, the Electronic Truck call-up system, designed for the management of truck movement and access to and from the Lagos Ports Complex and the Tin Can Island Ports, Apapa, Lagos.”