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DPR: Market forces should determine gas prices

File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...

Enugu community lament over dilapidated school classes

Residents of Aguobia-Nomeh, a community in Enugu state have expressed concern over the dilapidated conditions of the Community Secondary School. The school in Aguobia is a public junior and senior secondary located in Aguobia-Nomeh in Nkanu East local government area of Enugu State. Residents have on several occasion lamented the chronic state of the Community Secondary School calling for urgent repairs of the school class rooms but all efforts yielded no result. According to an indigene of the community, Michael Chigbo, the school was largely known as one of the best in the area before now. He recounted: “Community Secondary School, Aguobia Nomeh used to be one of the dream learning places most indigenes of Nkanu East LGA had wished to attend. “But today, it has become a different story. ...

Petrol pump price: DPR monitors Lagos filling stations

The Department of Petroleum Resources (DPR) says it has intensified surveillance of filling stations in Lagos State to ensure compliance with the approved pump price band for Premium Motor Spirit (PMS). Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos, made this known after an inspection visit to some petrol stations located in Ikoyi, Victoria Island and Lekki areas of the state. Newsmen report that the Federal Government had on March 12 denied the increment of petrol to N212 per litre and had directed marketers to revert to the old price regime. Cardoso said the seven petrol stations inspected were selling fuel to customers between N162 to N165 per litre which was the approved price band. “This surveillance visit is part of our regular function and we are coming out today to c...

Ekiti governor urges Nigerians to disregard unfounded theories about coronavirus vaccines

Ekiti State Governor, Dr Kayode Fayemi, has urged Nigerians to disregard any unfounded theories about the efficacy and effects of the COVID-19 vaccines on them saying it is unnecessary introducing sentiments to the health and well-being of the people for whatever reasons. The governor who received the Oxford/AstraZeneca COVID-19 vaccine alongside his deputy, Otunba Bisi Egbeyemi, and some frontline health workers on Wednesday emphasised that all hands must be on deck to ensure all indigenes know that the vaccine is safe. He spoke while flagging off the vaccination exercise in Ado-Ekiti, the state capital. Fayemi who stated that his administration had put in place measures to ensure that residents have equitable access to the vaccine said, “The availability of COVID-19 vaccines and its glob...

Arsenal provide update on Smith Rowe ahead of Burnley clash

Arsenal have this evening revealed a late update on the fitness of Emile Smith Rowe, ahead of their showdown with Burnley. Mikel Arteta’s men are set to return to action tomorrow afternoon, in a Premier League meeting with the Clarets. The Gunners will of course head into the Turf Moor clash with their tails up, on the back of a morale boosting pair of wins over the last couple of weeks. First, a last-gasp Pierre-Emerick Aubameyang header saw Arsenal get the better of Benfica, to book their spot in the Last-16 of the Europa League. And this was followed last weekend by a hugely impressive 3-1 downing of Leicester City at the King Power Stadium. The news, as a whole, proved of a positive nature, with only two players – including 3rd-choice goalkeeper Alex Runarsson – struggling as things st...

Amnesty worried about frequent school abductions in Nigeria

Human rights watchdog, Amnesty International, says it is concerned that frequent abductions in Nigerian schools is a danger to the education of millions of children. Director of Amnesty International Nigeria, Osai Ojigho, said on Wednesday, February 17, 2021 that attacks on schools and abductions of children are war crimes that should not be tolerated. Her comments were made in the wake of the abduction of 27 students of the Government Science College, Kagara in Niger State on Wednesday during an attack that left one student shot to death. Three staff members and 12 members of their families were also abducted at the school located in Rafi Local Government Area of Niger. Ojigho sounded a note of warning that Nigerian authorities must act immediately to prevent attacks on schools, and prote...

Lagos chamber projects positive economic recovery by Q2

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...

PTF: Nigeria records four cases of UK coronavirus variant strain

Mr Boss Mustapha, Chairman, Presidential Task Force (PTF) on COVID-19 and Secretary to the Government of the Federation, said Nigeria recorded four cases of COVID-19, B117 variant strain, first reported in the UK. The PTF chairman made the disclosure at national briefing on Monday in Abuja. Mustapha said; “over the last few weeks, the PTF had been closely following the rising number of infections reported daily in Nigeria and in other jurisdictions. “Similarly, our scientists have been sequencing the variants of the virus. “There have been reports of cases with the B117 variant strain first reported in the UK, found in Nigeria. Three of these were in travelers out of Nigeria and one in a resident,”. He also stated that the daily statistics for Nigeria as at January 24, 2020 showed that cas...

Nigerian government lists conditions for states to access coronavirus vaccines

The Federal Government has listed conditions for states to meet before the Pfizer/BioNTech vaccine being expected wt the end of January would be released to them. The National Primary Health Care Development Agency (NPHCDA), during a webinar tagged “Sensitisation Meeting with Media Gatekeepers on COVID-19 Vaccine Introduction”, at the weekend, said no vaccine will be release to states until facilities such as cold chains are in place. According to Director, Logistics and Health Commodities, NHPCDA, Kubura Daradara, the vaccine must be administered within five days of receipt for it to remain potent, and only the states that show commitment would receive the doses when available. She added that the 100,000 doses would be administered to 50,000 people, because each person has to take a secon...

NNPC seeks $1 billion funding to revive PHC refinery

The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...