The Nigerian National Petroleum Corporation (NNPC) has recorded a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. This revelation is contained in the 2019 Audited statement published for second time in the over 40 years history of the Corporation. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer (CFO), Mr. Umar Ajiya, as saying that the 2019 Audited Financial Statement, which was concluded five months after the release of the 2018 Audited Financial Statement, will be published…
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Nigeria mulls production of 2,400MW gas equivalent from ANOH project
NNPC MD says 600mscf daily production places ANOH asset as largest green field gas project in Nigeria’s history The Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest green field gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million standard cubic feet of gas per day, an equivalent of approximately 2,400 mega watts of electricity for the country. Group Managing Director of the NNPC, Mallam Mele Kyari, made this known while delivering a goodwill…
Read MoreNigeria’s Sovereign Investment Authority MD, Uchechi Orji in tenure elongation ‘racket’
NSIA MD refuses to vacate office as 5-year tenure expires October 12 – Findings The tenure of the Managing Director of the Nigeria Investment Authority (NSIA), Uchechi Orji has been extended in flagrant contravention of the enabling law. According to Section 20(4) of the Nigeria Investment Authority (Establishment Act), the tenure of the agency’s managing director shall not exceed eight years in total. That law only forsees a maximum of two tenure of four years each. However, the current Managing Director of the NSIA, Uchechi Orji has been in…
Read MoreAnother COVID-19 lockdown, Second wave likely in Nigeria – Task Force
The second wave of dreaded COVID-19, which can lead to another lockdown, is very likely in Nigeria, the country’s Presidential Task Force on the virus has declared. Prominent member of the task force, Dr. Chikwe Ihekweazu, who declared this, maintained that the second wave of COVID-19 is not inevitable in the country if citizens do not continue to adhere to measures put in place to contain the viral pandemic. Nigeria was on a total lockdown between March and May, an experience that seriously impacted businesses and other activities in…
Read MoreFrance suffers COVID-19 cases’ spike, declares State Of Emergency
The French government has declared a public health state of emergency, starting from midnight on Friday. In a statement, the government said COVID-19 was a disaster which endangered the health of the population and justified the adoption of strict measures, reports Sky News. President Emmanuel Macron is due to address the nation this evening and is expected to announce a curfew from 9pm to 6am, according to French media. It is understood the curfew will apply to towns and cities that are on the maximum level of alert. The move…
Read MoreTrump’s Son, Barron, contracts Coronavirus, Says First Lady
US President Donald Trump’s 14-year-old son Barron contracted coronavirus but has since tested negative, First Lady Melania Trump revealed. Mrs Trump said her “fear came true” when Barron tested positive for Covid-19. But, she said, “luckily he is a strong teenager and exhibited no symptoms.” Both the president and first lady also tested positive for coronavirus – as well as other White House staff – but have since recovered, reports the BBC. An event at the White House on September 26, for the president’s nomination of Amy Coney Barrett…
Read MoreScores injured, cars destroyed as Pro-SARS, #EndSARS protesters clash in Abuja + PHOTO
Scores of Nigerians were injured and many exotic cars destroyed as Pro-SARS and #EndSARS protesters on Wednesday clash in Abuja, country’s administrative capital. A group of people, majorly youths have been staging protests majorly in Lagos and other parts of southern Nigeria while the pro- -SARS protesters who are also youths and members of the civil society have also been staging protests in Maiduguri and other parts of the country’s North. Trouble started on Wednesday when the two groups met in Abuja with each group accusing each other of…
Read MoreNigerian government surrenders to Varsity lecturers, replaces IPPIS with UTAS
The Nigerian Government has sutrendered to lecturers in its Universities over positions on payment platform, Integrated Payroll Personnel Information System (IPPIS). Instead of IPPIS, Abuja declared plans to consider the adoption of the University Transparency Account System being proposed by the Academic Staff Union of Universities (ASUU). The Minister of Labour, Productivity and Employment, Senator Chris Ngige, made this known on Tuesday after about two hours closed door meeting involving the Senate leadership, the Federal Government and ASUU leadership. Ngige said the alternative platform presented by ASUU is home…
Read MoreEgbin records 360MW daily shortfall, mulls $40m investment for turbines’ overhaul
Egbin Power Plc launches 20 electric-powered buggies, 500 electric-powered bicycles Biggest thermal power generation firm in West Africa, Egbin Power Plc, on Tuesday, declared that it recorded a shortfall of about 360 Mega watts (MW) of power generation daily. Chairman of the company, Temitope Shonubi, who declared this during the launch of 20 electricity-powered buggies and 500 electric-powered bicycles at the plant in Lagos, revealed the company’s plan for fresh $40 million investment on the overhaul of two turbines in its system. Fielding questions from Platforms Africa, Shonubi…
Read MoreNigeria’s Ogijo residents stage protest over ‘killer roads”
Hundreds of residents of Ogijo, a boundary town between Lagos and Ogun state, Southwest Nigeria, have staged a peaceful protest over poor state of roads across the town. Describing the network of roads in the town as killer roads, the protesters led by President, Ogijo New Era Progressive Forum, Alhaja Abolore Owolewa also known as Alhaja Chicago, took to streets in Ogijo and environs to call on concerned authorities to come to their rescue. Owolewa who doubled as President, Television and Radio Callers Association, pleaded for quick intervention of…
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