Month: March 2021

Nigeria embargoes petrol price hike, freezes cost at N162/litre

ADEOLA YUSUF

  Petrol remains at N162.50 per litre until talks with labour are completed, NNPC says as it continues to bear subsidy burden  The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. Addressing newsmen in Abuja, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the Corporation, at the moment, was bearing the burden of importing refined petroleum products as the supplier of last…

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Why Nigeria’s Fuel Crisis may persist – Energy Analyst Adeola Yusuf + VIDEO

ADEOLA YUSUF

  Energy Policy Analyst and award-winning journalist, Adeola Yusuf, has declared that the trust deficit in Nigeria petroleum products’ supply chain is one of the major factors responsible for fuel crisis that has persistently been rocking the country. Yusuf, a Laureate of several local and international awards on oil and gas reporting, said this while featuring as an analyst on the Breakfast Show, a flagship Programme on Television Continental (TVC) DStv Channel 418 and GOtv Channel 45. Nigeria, biggest crude oil exporter in sub-saharan Africa, depends largely on importation of…

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Nigeria mulls 2,000 CNG auto-filling stations’ establishment in 6 months

ADEOLA YUSUF

  Central Bank of Nigeria (CBN) has set up N200 billion infrastructure fund to support autogas facility roll-out by marketers.   The Nigerian Government is targeting the establishment of 2,000 Compressed Natural Gas (CNG) filling stations in the next six months. Group Managing Director, Rainoil Limited, Mr. Gabriel Ogbechie, who declared this during a webinar on ” Deregulation and Sustainable National Energy Future through Natural Gas,” maintained that the move was aimed at providing a cheaper and cleaner alternative for vehicle users as the country moves toward the full deregulation…

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AFCON qualifiers: How Super Eagles travelled to Benin by boat

ADEOLA YUSUF

  Nigeria travelled to Benin by boat for their penultimate 2022 Africa Cup of Nations qualifying game in Porto Novo, Goal has reported. The Super Eagles who were earlier camped in Lagos, left the Southwestern part of Nigeria a day before Saturday’s clash at the Charles de Gaulle Stadium. There was the assurance of adequate security for Gernot Rohr’s men and they would be expected to return to Lagos by Sunday for their final Afcon qualifying fixture against Lesotho at the Teslim Balogun Stadium. Nigeria lead the Group L table…

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CROSSFIRE: Oyedepo, Akintola clash over Kwara Hijab crisis

ADEOLA YUSUF

Presiding Bishop, Living Faith Church Worldwide, David Oyedepo, and the Director of Muslim Rights Concern (MURIC), Professor Ishaq Akintola, have reacted to the hijab crisis in Kwara State, bickering on the right of female Muslim students to adorn the head gear as part of their school uniform. Recall that the state government had closed 10 schools over their refusal to allow Muslim female students to wear hijab as part of their school uniform. While Oyedepo who threw his weight behind the refusal of authorities of the school to allow the…

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Fuel subsidy hits N120bn monthly, landing cost surges to N234 litre -Kyari

ADEOLA YUSUF

NNPC Trading Surplus surged by 80.12% in December   Nigeria’s loss to fuel subsidy has peaked at over N120 billion monthly as landing cost for Premium Motor Spirit surges to N234 litre The Nigerian National Petroleum Corporation (NNPC) maintaining that an increase in pump price of fuel is inevitable. Group Managing Director of the NNPC, Mele Kyari, who said this at the weekly media briefing at the Presidential Villa yesterday, maintained that the current landing cost of fuel in the “country as at today (Thursday) stands at N234 per litre…

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Total deepens Nigeria’s anti-COVID-19 intervention with $3.2m

ADEOLA YUSUF

Total E&P Nigeria Limited has highlighted its COVID-19 interventions which complemented government efforts to contain the pandemic. The company at an interactive session with the media on Thursday March 25, 2021 explained that it made massive interventions because it sees Nigeria as home and likes to identify with communities where it operates. Total explained that it was part of the NNPC led endeavour that donated N21billion to the Federal Government’s Covid-19 effort. Leading the session, the Executive Director, Corporate Affairs and Services, Mr. Abiodun Afolabi, who stated this, added that…

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UNIBEN student flees after father, brother murdered, family home burnt in anti-gay violence

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A postgraduate student of the University of Benin, Edo State, Tijani Muhammed Sedi, has reportedly gone into hiding following a series of violent incidents that culminated in the gruesome killing of his father and brother, and the razing of their family home, in what sources described as a targeted homophobic attack. Sedi, an Edo-born human rights advocate and vocal supporter of LGBTQ rights, had been pursuing a master’s degree in Sociology before the spate of tragic events forced him to flee for safety. The student, known for his active presence…

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Nigeria secures $1bn Afreximbank loans for Port Harcourt refinery’s repair

ADEOLA YUSUF

  Here is Mele Kyari’s account of real reason Nigeria preferred $1.5bn PH refinery repair to new refinery’s construction   African Export-Import Bank (Afreximbank),  as a reliable lender, has agreed to raise $1billion out of the $1.5 billion for the rehabilitation of the Port Harcourt refinery. Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, who disclosed this, described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry…

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77 year-old Denis Nguesso re-elected after 36 years as Congo’s President

ADEOLA YUSUF

  Denis Sassou Nguesso, incumbent president, described by Voice of America (VOA) as Veteran President of the Republic of Congo, has been re-elected into office. According to provincial election results announced on Tuesday, Nguesso won 88.57 percent of the votes. The 77-year-old who has been tagged veteran President has ruled the nation for a total of 36 years, since first taking power in 1979 — he retained his office in 1997 after losing the country’s first multi-party election five years before. His wide-margin victory was not unexpected, considering that the…

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