The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
The Economic Community of West African States (ECOWAS) Vaccine Taskforce has recommended compensation for citizens who suffer side effects or injury from the COVID-19 vaccination. Professor Stanley Okolo, the Director-General of the West African Health Organisation (WAHO), disclosed this at the 5th Regional Steering Committee meeting of the Regional Disease Surveillance Systems Enhancement (REDISSE) project on Saturday in Abuja. Okolo said that the recommendation was one of the resolutions adopted by the taskforce and presented to the ECOWAS Ministerial Coordinating Committee to encourage citizens to receive the vaccine. He explained during the REDISSE virtual meeting that the issue of indemnity was being taken up by the COVID-19 Vaccines Global Access, the global initiative aimed at equit...
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...
Commenting on the dispute on Saturday, Prince Faisal bin Farhan Al Saud said Saudi Arabia is continuing to find a way to end the blockade on Qatar, but he added it remains conditional on addressing security concerns. The post Saudi Arabia says it seeks a way to end dispute with Qatar appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Twitter: Donald Trump ban permanent, even if he runs for office again
Former President Donald Trump will not be returning to Twitter at any point in the future, according to the company’s chief financial officer. In an interview with CNBC’s Squawk Box program on Wednesday, Twitter CFO Ned Segal said that running for public office again would not reverse the ban the company handed out to Trump in the aftermath of the US Capitol riot on January 6th. The question is relevant considering Trump’s ongoing impeachment trial. A central question in the trial is whether Democrats can bar Trump from running for president again in 2024 or seeking other public office. Regardless of the outcome, the @realDonaldTrump will still remain suspended for good, Segal said. “The way our policies work, when you’re removed from the platform, you’re removed from the...