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...
A band of President Donald Trump’s Republican allies planned a last-ditch effort on Wednesday to undo his election loss to Democrat Joe Biden, a bid almost certain to fail that comes on the same day their party is poised to lose its majority in the Senate. The Republican-led Senate and Democratic-controlled House of Representatives were due to meet to formally certify Biden’s victory in the Nov. 3 election in proceedings that could stretch past midnight. In a joint session of Congress, Trump’s allies plan to challenge the results from a handful of states won by Biden. Thousands of pro-Trump protesters converged on Washington ahead of the session at his urging. Some clashed with police overnight. Biden won the election by a 306-232 count in the state-by-state Electoral College and by a marg...
The Police Command in Edo on Monday said only 10 suspects -two of whom have been rearrested, escaped from its cell at the Command Headquarters in Benin. A statement from the command’s spokesman, SP Chidi Nwabuzor, said the incident occurred at about 02:45 hours of Friday, January 1. Mr. Nwabuzor said the command decided to set the record straight, contrary to publications that had gone viral on social media and other platforms alleging that hundreds of armed robbery and kidnapping suspects had escaped. “Only 10 suspects escaped after the cell break, two of the escapees have already been rearrested while we have intensified hunt for the remaining eight,” the statement read. It said that the publication on social media and other platforms alleging that hundreds of suspected armed robbers and...
Dr. Ibrahim Goni, the Conservator-General of the National Park Service, says the agency has trained 1,200 officers on basic combat readiness paramilitary by the Nigeria Army. Goni, who disclosed this at a news conference on Tuesday in Abuja, said that the training was to help the officers and men to meet the current and future conservation requirements. “Training and re-training of officers is key to achieving success in the implementation of the service mandate. “Therefore, manpower development as a human capital function is responsible for developing the skills, knowledge and competence of the service,” he said. Goni said that the agency would focus more on manpower development to help the officers and men achieve the mandate of the service. He said that in spite of its limited resources...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday commissioned a fire substation built for the Treasury House which houses the Office of the Accountant-General of the Federation. Speaking at the event, the Minister extolled the Accountant-General of the Federation, Mr Idris Ahmed, for building the facility which will help battle fire incidents in the building and its environs. She was also pleased that 35 firemen have been posted to man the facility by the Comptroller-General of the Fire Service. According to her, “the Treasury House is the key driver of the ongoing Public Financial Management Reforms in line with the desire of the Federal Government to bring the nation up to speed with other leading world economies. “In carrying out this enormous task, ...
The COVID-19 pandemic has negatively impacted 47 per cent of graduates and their activities (including job search), a report has stated. Also 17 per cent of graduates lost their jobs due to the pandemic, a research by the Knowledge Exchange Centre (KEC) and BudgIT revealed. The Executive Secretary, KEC, Aghogho Akporido, disclosed this during the virtual graduation ceremony of 43 students in its Graduate Advancement Programme (GAP) network, recently. He said the programme was extended to three months as opposed to the previous six weeks. He also said during the selection process, training session, career counselling and mentoring session and even in some cases, the internship was done virtually (online). Akporido said for the first time there were participants from eight states and volunte...