Day: June 6, 2024

NGA Celebrates 25th Anniversary, Flaunts Two Decades Of Gas Advocacy

ADEOLA YUSUF

The Nigerian Gas Association (NGA), Nigeria’s largest gas-focused umbrella association and the most notable advocacy platform for gas industry is proud to announce its 25th-anniversary. As a chartered member of the International Gas Union (IGU), the NGA has been at the forefront of driving progressive advocacy and shaping the landscape of Nigeria’s gas sector. Commenting on the milestone at the recently held media parley, Mr. Akachukwu Nwokedi, President of the NGA said: “Over the past two decades, the NGA has left an indelible mark on the gas industry. Its influence…

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Sunday, June 16 Is Eid, Saturday Is Arafat Day – Saudi

ADEOLA YUSUF

. Dhul-Hijjah 1445 crescent sighted, Islamic New Year calendar out The crescent moon, signalling the start of Dhul-Hijjah 1445 AH-2024, was sighted in the Kingdom of Saudi Arabia (KSA) on Thursday, June 6. Consequently, Friday, June 7, will mark the beginning of the holy month, and Eid Al Adha will be observed on Sunday, June 16. This indicates that the Hajj pilgrimage for 1445 AH-2024 will commence on Friday, June 14, with the day of Arafah falling on Saturday, June 15. It is noteworthy that the Supreme Court had called…

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Nigerian Pilgrims Attempting to Smuggle ‘cocaine’ to Saudi Busted

ADEOLA YUSUF

‘NDLEA gives details of an Oshodi Hotel raid in which the intending Alhajis were caught red-handed + their names   In a decisive raid on the Emerald Hotel in Oshodi, Lagos State, operatives from the National Drug Law Enforcement Agency (NDLEA) intercepted four individuals attempting to smuggle cocaine to Saudi Arabia. The suspects, intending pilgrims to the ongoing Hajj, were caught ingesting cocaine wraps ahead of their flight on Wednesday, June 5, 2024. READ ALSO: Woman Declared Dead Is Found Alive At Funeral Home Hajj 2024: How Lagos Male Pilgrim…

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NCDMB Shares Local Content Experiences With Uganda Energy Officials

ADEOLA YUSUF

Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development. Welcoming the four-member UNOC delegation at a meeting at the Nigerian Content Tower, Corporate Headquarters of the NCDMB, Swali, Yenagoa, the Director, Monitoring and Evaluation, Alhaji Abdulmalik Halilu, said the visit would open up new vistas for mutually beneficial collaboration in oil and gas…

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NCDMB Plans Changes To Enhance Nigerian Content Fund

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry (BoI), custodians of the fund on Monday in Lagos. Commenting on the performance of the Fund, the Executive Secretary confirmed that the NCI Fund has since its inception played a…

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Court Orders Forfeiture Of Property Worth N11.14bn Linked To Emefiele

ADEOLA YUSUF

A Federal High Court in Lagos, yesterday, granted an order for the interim forfeiture of property valued at N11.14 billion allegedly linked to former Central Bank of Nigeria, CBN, governor, Mr. Godwin Emefiele. Trial judge, Justice Chukwujekwu Aneke, granted the order following an-ex parte application filed and argued by Economic and Financial Crimes Commission, EFCC, counsel, Mr. Rotimi Oyedepo, SAN. The court’s order mandates the interim forfeiture of the property to the Federal Government. Oyedepo informed the court that Emefiele was suspected of purchasing the high-value property, primarily located in…

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Due Process Followed In Ongoing Trial Of Binance, Says Nigeria

ADEOLA YUSUF

The federal government says due processes are being applied in the ongoing trial of Binance, a popular cryptocurrency platform, and Tigran Gambaryan, one of its executives. On February 28, the government detained two top executives of Binance as part of a probe bordering on illegal operations in the country and foreign exchange rate manipulations. The detained executives included Nadeem Anjarwalla, a 37-year-old British-Kenyan and Binance’s regional manager for Africa; and Tigran Gambaryan, a 39-year-old US citizen and Binance’s head of financial crime compliance. READ ALSO: Kaduna Assembly Indicts El-Rufai, Aides…

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Kaduna Assembly Indicts El-Rufai, Aides In Alleged N423bn Fraud

ADEOLA YUSUF

The Kaduna State House of Assembly committee has indicted former Governor Nasir el-Rufai and several of his aides for allegedly siphoning over N423 billion of the state’s resources from 2015 to 2023. The House also asked the incumbent governor, Uba Sani, to refer those indicted, including former commissioners for finance, heads of agencies, and accountants-general who served during the period under review, to relevant security agencies for further investigation. Presenting the report during a plenary sitting, the chairman of the 13-member ad hoc committee and the Deputy Speaker of the…

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Nigerian Govt Finally Admits Paying Fuel Subsidy, Mulls N5.4Trn For Scheme

ADEOLA YUSUF

In a surprising turn of events, the federal government has finally admitted Africa’s biggest oil-producing country will be spending up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies. The revelation came during a presentation by Wala Edun, the minister of finance and coordinating minister of the economy on an Accelerated Stabilisation and Advancement Plan (ASAP), designed to address key challenges affecting the reform initiatives and stimulate development in various sectors of the economy. At…

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