Day: September 25, 2023

Nigeria Crashes Oil Contract Cycle To 180 Days, NCDMB, NNPC, IOCs Seal Deal

Abibat Babalola

With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. The SLA was conceptualised by the NCDMB and is intended to optimize the contracting cycle in the oil and gas industry and spur the speedy development…

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Niger coup: Macron Says France To Withdraw Troops And Ambassador

Abibat Babalola

President Emmanuel Macron has said France will withdraw its ambassador and end all military co-operation with Niger following a coup. “France has decided to withdraw its ambassador. In the next hours our ambassador and several diplomats will return to France,” Mr Macron said. He added that military co-operation was “over” and French troops would leave in “the months to come”. The military junta which seized power in Niger in July welcomed the move. READ ALSO: Ghana Mulls Electricity Export, Sale To Nigeria Conoil Grows Earnings To N145.8 bn, Pays N1.73bn…

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Ghana Mulls Electricity Export, Sale To Nigeria

Aoko Benjamin

Ghana is actively strategizing and implementing policies and initiatives to advance its power sector to achieve “100% universal energy access” and potentially export electricity to its “big brother” neighbour, Nigeria. Mr. Hanson Monney, the Head of the Generation and Transmission Unit at the Ministry of Energy in Ghana, conveyed this during his presentation in Lagos on the 2nd Day of the Nigeria Energy Leadership Summit. Monney highlighted that Ghana has already achieved a remarkable 80% to 85% universal energy access within its borders through robust policy formulation and implementation. In…

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It’s True, Supreme Court Confirms Fire Incident at Complex, Gives Details

Aliyu Aliyu

The Supreme Court has confirmed the fire outbreak at its headquarters on Monday. A section of the apex Court complex in the Three Arms Zone, Abuja, the Federal Capital Territory (FCT) was earlier on fire this morning. It was gathered that the incident, which affected about three offices, including that of Justice Ibrahim Saulawa, was caused by electrical fault. The fire has reportedly been put off by the fire service officials stationed in the court. Confirming the story, the court’s spokesman, Dr. Festus Akande, however, described the fire outbreak as…

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BREAKING: He Won Lagos, Tribunal Affirms Gov Sanwo-Olu’s Election

Precious Ibekwe

The Lagos Governorship Election Petitions Tribunal, on Monday, affirmed Governor Babajide Sanwo-Olou as validly elected in the March 18 governor ship election. The Tribunal in making the affirmation, dismissed the petitions brought by Gbadebo Rhodes-Vivour and the Labour Party (LP), and Olajide Adediran, also known as Jandor of the Peoples Democratic Party (PDP), challenging the victory of Babajide Sanwo-Olu in the election. Jandor had contested the results of the March 18 gubernatorial election in Lagos state, challenging the victory of Gov. Babajide Sanwo-Olu and Dr. Obafemi Hamzat. Justice Mikhail Abdullah…

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N9k Per Bag Cement Price Hike Imminent – Producers

Aliyu Aliyu

“It won’t be N5k anymore,” Cement Producers Association of Nigeria gives reason for looming 80% price hike   The Cement Producers Association of Nigeria has warned that the price of cement would be hiked to N9,000 per bag from the current price of N5,000. Platforms Africa reports that the group blamed this on the Nigerian governmecu’s plans to introduce concrete roads across the country. It also called on the current administration to permanently address the perennial cement price hike problem by facilitating larger participation in the cement industry, noting that…

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Fees Hike To Force Half of Nigerian Students Out Of Varsities – ASUU

Damilola Olonade

The Academic Staff Union of Universities (ASUU) has warned that any school fees increase in the universities will result in 40 to 50 percent drop out within the next two years. Platforms Africa reports that ASUU President, Prof Emmanuel Osodeke, made this known while speaking on the current situation in the Nigerian education sector on Channels TV on Sunday night. Osodeke said the heavy fees being imposed on students across the nation would result in a massive dropout of students, due to their inability to cope with the payments. The…

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