NNPCL to give Dangote refinery six million barrels of crude
The Nigerian National Petroleum Company Limited, on Thursday, said it was set to provide six million barrels of crude oil to the Dangote Refinery. But in what could be described as a reaction to the report, sources at the NNPCL stated that the oil firm was set to deliver six million barrels of crude oil to the refinery in December. Section 109 of the Petroleum Industry Act (2021) stipulates domestic crude oil supply obligations to refineries, including the Dangote Refinery, NNPCL refineries in Port-Harcourt, Warri, Kaduna and modular refineries. The NNPCL has already taken an equity stake in the Dangote refinery and will start supplying crude oil to the facility. Also, industry sources stated that the Dangote Refinery in Lekki, Lagos, had yet to receive the required volumes of crude oil needed to produce refined products.
Source:Punch
November 03, 2023 07:25 UTC
Greatness of Prophet Muhammad (II)
The Holy Qur’an, Fath, 48:29 says, “Muhammad is the Apostle Of God; and those who are With him are strong Against Unbelievers, (but) Compassionate amongst each other. It is clear to me that these statements must have come to Muhammad from God, because most of this knowledge was not discovered until many centuries later. Like almost every major prophet before him, Muhammad fought shy of serving as the transmitter of God’s word sensing his own inadequacy. Whereupon Muhammad is said to have announced, ‘An eclipse is a phenomenon of nature. But if it is God you worshiped, He lives forever.’”May Almighty Allah continue to shower His blessings and mercy on Prophet Muhammad.
Source:Nigerian Tribune
November 03, 2023 06:21 UTC
Manufacturing sector will benefit from 5G – Report
The GSM Association has stated that the manufacturing sector will benefit greatly from the rollout of 5G technology by telecom operators. The global umbrella body of mobile network operators stated that in its latest ‘Mobile Economy Sub-Saharan Africa’ report. According to the report, while 5G is expected to benefit most sectors of the Sub-Saharan African economy, over 32 per cent of the benefits are expected to come from the manufacturing sector. It stated that it would be driven by applications such as smart factories, smart cities, and smart grids, the report said. “Much of the 5G benefit will materialise over the period to 2030, as some countries are in the early stages of deployment and 5G economic benefits will increase as the technology starts to achieve scale and widespread adoption.”
Source:Punch
November 03, 2023 06:19 UTC
In the floating dream of a life in Nigeria | The Guardian Nigeria News - Nigeria and World News
I have been resisting the urge for a marvellous time now to comment openly on the current state of Nigeria, and particularly on the future of Nigeria. And in what and how many ways and times beyond our conscious perception of them have we done so? On Friday, August 4 this year, this column dwelt on the need for us to befriend silence in Nigeria. Everything then came to me in the floating noon dream of a life in our country. I was again transported to a floating dream of a life in our country – but this time it was a midnight floating dream.
Source:The Guardian
November 03, 2023 02:57 UTC
Relief beyond palliatives | The Guardian Nigeria News - Nigeria and World News
In the present economic circumstances of the country, Tinubu certainly cannot close his eyes to the plight of the citizens. The host oil producing communities are warming up for probable confrontation with oil companies over attempt to push the bill in alteration of their entitlement derived from PIA to them to meet. Only time will tell how much punch the new Tinubu gear will pack and for how long the palliatives will subsist. The total external borrowing in the last four months by Tinubu Administration has come to $5.350 billion which is about N4.1 trillion. The Nigerian indebtedness to the World Bank moved from $6.29 billion in 2015 to $13.46 billion in 2022.
Source:The Guardian
November 03, 2023 02:00 UTC
$53m debt: Judge threatens to order Emefiele’s arrest
Justice Inyang Ekwo, in a short ruling on Wednesday, gave Emefiele another opportunity to appear in court in person or he would issue a warrant for his arrest. According to a court document, Form 15 (Judgment Summons), following the garnishee order absolute, the CBN had paid Agi part of the $70m, leaving a balance of $53m. At the Wednesday proceedings, Emefiele’s lawyer, Anuga, informed the judge that he had on Monday filed an affidavit to show cause why an arrest warrant should not be issued against Emefiele. In reaction, Justice Ekwo said flouting of court orders would not be allowed and insisted that Emefiele must appear before him. “Orders of court must be complied with and even if no one complies with the order of the court, the court must comply with its order.
Source:Punch
November 02, 2023 22:32 UTC
Don’t jeopardize safety standards, Reps warn airspace regulators
The Chairman of the Committee on Aviation Technology, Hon. Thomas Eriyetomi gave the warning in Abuja, during an interactive session with the management of the Federal College of Aviation Technology (FCAT), Zaria. We are committed to working with you to ensure that our airports, airlines, and aviation technologies meet the highest international safety standards. “Today, as we gather here, we recognize the significance of innovation and technological advancement in our Aviation sector. Our doors are open to partnerships that can revolutionize our Aviation sector.
Source:Nigerian Tribune
November 02, 2023 21:06 UTC
Imo protest: Ajaero in hospital, battles to save right eye
Medical experts at the Federal University Teaching Hospital, Owerri, are currently battling to save the eyes of the President of the Nigeria Labour Congress, Joe Ajaero. Ajaero was said to have been arrested by men of the Imo State Police Command while leading a protest in the state on Wednesday. Ajaero was seen in a viral video, sitting between two men while he was being rushed to Federal Medical Centre, Owerri. Upah said, “Contact has been made with Congress President, Joe Ajaero, this evening around 15:30 hours at the Police Hospital in Owerri from where he was taken to Federal Medical Centre, Owerri where he is receiving medical attention. “Thoroughly brutalised, his (Ajeoro’s) right eye at the time of contact was completely shut.”
Source:Punch
November 02, 2023 17:57 UTC
Tems shares details about her time in Ugandan prison
Tems revealed that she and Omah Lay were completely cut off from the outside world during their detention and had to rapidly adjust to prison life. She described the harsh conditions, including a small, bare room with no bed, just blankets and tissues on the floor. I didn’t have any communication with the outside world. Despite the difficult conditions, Tems said that she found a sense of purpose in her time in prison. “I realized that I had to do something to help the other women in prison,” Tems said.
Source:The Guardian
November 02, 2023 16:46 UTC
Reps block controversial proposal to buy presidential yacht for ₦5 billion
Bichi disclosed this while addressing journalists after the passage of the supplementary budget on Thursday, November 2, 2023. He said, "As far as we are concerned, we don’t have that presidential yacht anymore. There’s been an outcry over the controversial presidential yacht since the details of the ₦2.1 trillion supplementary budget submitted to the national assembly were published. Meanwhile, the presidency has said that President Bola Tinubu did not ask for a presidential yacht. One is the provision for a presidential yacht in the supplementary budget by the Navy and the other is over ₦6 billion for vehicles to the State House.
Source:The Guardian
November 02, 2023 15:38 UTC
Electricity subsidy beneficial to rich Nigerians, says NERC
The current state of the Nigerian power sector characterised by tariff subsidy mostly benefits the relatively rich as more rich people are connected and consume more electricity, according to the Nigerian Electricity Regulatory Commission. Meanwhile; in comparison of end-user electricity tariffs in the Economies of West African States member countries, NERC said the end-user tariff in Nigeria is lower than electricity tariff in most others. Available data on electricity tariffs in West Africa revealed that the average electricity tariff in Nigeria in 2021 was US$0.14/kWh and was relatively lower than the average electricity tariff in most ECOWAS countries;The NERC said the relatively low electricity tariff in Nigeria was partly due to the tariff subsidy provided by the Federal Government and the relatively cheaper gas price to the power sector in Nigeria. “End user tariff subsidy in Nigeria is pro-rich as top-income group consumes more electricity than low-income group, thereby benefiting more from subsidy than the lower income earners,” the report added. The end-user tariffs vary by each Disco and depict a general increase between 2019-2022.
Source:Punch
November 02, 2023 14:23 UTC
Presidential power initiative improves electricity supply – Operators
The Presidential Power Initiative of the Federal Government is removing constraints in the power sector and making sure that more electricity is produced, generated and transmitted to end users, operators in the industry have stated. They stated that though the industry still had its shortcomings, the introduction of the PPI had helped in boosting power supply. In 2018, former President Muhammadu Buhari established the FGN Power Company as a Special Purpose Vehicle to deliver the Presidential Power Initiative in partnership with Siemens. The PPI aims to enable the Nigeria Electricity Supply Industry to achieve commercial autonomy by facilitating investments in critical infrastructure to support power delivery and service to Nigerians. Speaking at briefing, the Coordinator, NESI Golf, Adetunji Adeyeye, an industry operator, said, “I’m privileged to know what has happened in the power sector in the last 10 years.
Source:Punch
November 02, 2023 10:41 UTC
Biden wants Congress to approve military aid for Israel, Ukraine
United States President, Joe Biden wants Congress to quickly pass billions of dollars in new aid for both Israel and Ukraine, but the Republican-controlled lower chamber on Thursday is set to consider a bill that puts Kyiv on the back burner. Both Democrats and Republicans in Congress want to promptly adopt military aid for Israel, a long-standing US partner at war with Hamas. Washington is Kyiv’s biggest military backer, having committed tens of billions of dollars since Russia invaded in February 2022. The situation is drastically different in the Democrat-controlled Senate, where most Republicans have voiced support for boosting aid to Ukraine. Aware that war fatigue is growing in some US political circles, Biden has decided to couple his aid request for Ukraine — over $61 billion — with that for Israel, around $14 billion.
Source:Punch
November 02, 2023 09:47 UTC
NATCA faults lopsided recruitments in NAMA
Condemnation has continued to trail the recent lopsided recruitments conducted by the last administration into different agencies in the aviation sector. Joining in the condemnation, the Nigerian Air Traffic Controllers Association (NATCA) took time off to bemoan the illegal recruitments, especially at the Nigerian Airspace Management Agency (NAMA), saying it negated the Act setting up the agency. Olowo who spoke as the Chairman of the NATCA AGM, said that some airports should have been shut down by the government due to their deplorable conditions. He however, lauded the Minister of Aviation and Aerospace Development, Festus Keyamo for the audacious step taken to shut down the Murtala Muhammed International Airport (MMIA), Lagos. READ ALSO FROM NIGERIAN TRIBUNE
Source:Nigerian Tribune
November 02, 2023 09:11 UTC
BREAKING: 58 OAU students regain freedom from EFCC custody
The Economic Financial Crimes Commission has released 58 out of 69 students of Obafemi Awolowo University, Ile-Ife, Osun State, arrested earlier on Wednesday. The PUNCH earlier reported that the commission arrested no fewer than 70 students of the university. However, the National Association Of University Students condemned the arrest of the students by the EFCC. Credible intelligence linked Oduduwa Estate with activities of suspected internet fraudsters,” the anti-graft agency said. Confirming the release to our correspondent at 8:51pm on Wednesday, Eruobami said, “58 students have been released.”
Source:Punch
November 02, 2023 03:33 UTC