Objective
Minister: Nigerian government to scale up domestic gas expansion, monetisation drive
Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its current domestic gas expansion drive as well as its monetisation programme to increase the country’s supply of the much needed foreign exchange earnings. Speaking when he appeared virtually at the formal opening of the new headquarters of the Nigeria Liquefied Natural Gas Limited (NLNG) in Port Harcourt, Rivers State, the minister stressed that the company was expected to play a major role in achieving the objective. Sylva noted that the country’s gas reserves must be fully explored for the full benefit of Nigerians, noting that has remains a major game-changer for Nigeria, especially with the renewed attention to the commodity as a lower carbon energy source. “In ...
Strike: Kaduna government, NLC reach agreement
The Kaduna State Government and the Nigeria Labour Congress have reached an agreement on the plan by the state government to lay off workers. The NLC has since Monday led workers to protest against the plan by the Kaduna government to lay off the workers. The late Thursday agreement between the two parties was brokered by the federal government in Abuja. Part of the agreement was that the Kaduna government will follow due process and the “principle of redundancy,” as stipulated in Section 20 of the Labour Act, in its Public Service Revitalization and Renewal Programme, which is expected to lead to the retrenchment and sack of workers. The parties also agreed that the Nigeria Labour Congress (NLC) twill no longer continue with its industrial action while no worker shall be victimized by the...
DSS: We’ll no longer tolerate those seeking to throw Nigeria into anarchy
The Department of State Services, DSS, has warned those it described as misguided elements threatening Nigeria’s unity and peaceful co-existence to desist from doing so. Peter Afunanya, DSS spokesman, said that henceforth, the agency would no longer tolerate those whose aim was to “throw the country into anarchy.” In a statement, the DSS said: “While the Service reaffirms its unambiguous support to an indivisible, indissoluble and united Nigerian State in accordance with the provisions of the Constitution, it will no longer tolerate deliberate machinations by subversive and hostile groups whose agenda is to throw the country into anarchy so as to serve the interests of their sponsors. “Consequently, the Service is assiduously working with other security and law enforcement agencies to ensu...
Kano governor: Nigeria can’t progress with current level of corruption
Governor Abdullahi Umar Ganduje of Kano State has said Nigeria cannot progress with the level of corruption in the country. Speaking on Thursday at the inauguration of an eight-man Anti-Corruption Strategy Steering Committee, Ganduje stressed that all stakeholders must do all that is necessary to ensure a corruption-free state with limitless opportunities. Ganduje, who was represented at the occasion by Alhaji Usman Alhaji, the Secretary to the State Government, noted that there is no sacred lamb in the fight against corruption in the state. “Believe me, we don’t need to say that corruption in this country is killing all of us. The truth of the matter is that we will never develop or progress with this level of corruption in this country,” the governor cautioned. The governor said the miss...
CSCS reiterates commitment to deepening capital market
The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
Akwa Ibom wins CIRDDOC 2020 best budget transparency award
In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...
Navy’s newest offshore survey vessel begins homeward voyage to Nigeria
The Nigerian Navy (NN), says its newest offshore survey vessel, NNS LANA, has began her homeward journey to the country. This is contained in a statement issued on Saturday in Abuja by the Director of Information, Naval Headquarters, Commodore Suleman Dahun. He, however, said the ship will visit ports in Lisbon, Las Palmas, Banjul and Tema-Ghana, before heading to Nigeria on May 17. According to Dahun, the Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, had addressed the ship’s company. The CNS noted that the foremost desire of every littoral state is to have a fleet with the right mix of platforms to meet its operational objectives. Gambo acknowledged that the homebound voyage of NNS LANA was another milestone in the NN’s fleet recapitalisation efforts. He added that the induction of N...
Minister: Rail transportation awakening giant to help run government
Nairaland Mr Rotimi Amaechi, Minister of Transportation, on Tuesday described the rail mode of transportation as the awakening giant that would run government. He made the disclosure at the virtual National African Continental Free Trade Agreement (AfCFTA) Implementation Engagement Series for the Rail sub-sector of Transportation. Amaechi, who was represented by Mr Ibrahim Mohammed, a Deputy Director at the Federal Ministry of Transportation (FMOT), noted that the Federal Government had invested heavily on the rail sub-sector of transportation to help facilitate trade. “The rail sub-sector needs consistent opening for the country to further tap into the agreement that AfCFTA creates. “This is why government has embarked on many projects, developing the narrow gauges and establishing standa...
NSF: UNIBEN orders students to vacate halls of residence
Ahead of the 20th National Sports Festival (Edo 2020), the Senate of the University of Benin (UniBen) has ordered students to vacate its Halls of Residence from April 1. The university hall of residence have been earmarked for the use of contingents coming for the festival holding in Benin between April 2 and April 14. A statement issued on Wednesday in Benin by the Public Relations Officer of the institution, Dr Benedicta Ehanire, said the UniBen management had provided holding facilities for students who may need to keep their luggage. She said that the luggage must be tagged and dropped under strict security supervision while their mid-session break lasted. “Following the directive by the Senate of the University of Benin for students to vacate the Halls of Residence on April 1, the Man...
Senator Tinubu inaugurates Kano’s anti-graft commission office
The All Progressives Congress (APC) National Leader, Bola Tinubu, has lauded Governor Abdullahi Ganduje of Kano State for strengthening anti-corruption institutions. Tinubu gave the commendation on Sunday in Kano while inaugurating the Office of Kano State Public Complaints and Anti-Corruption Commission. The APC leader praised Ganduje for “his efforts in fighting corruption”. “This is a welcome development indeed and we salute the governor for this encouraging effort. “In ensuring Nigeria becomes a member of a committed international community that frees us from the burden of corruption this and similar edifices could play an important role in that. “To a lot of us looking forward to a prosperous, corruption-free Nigeria and Africa today is dedicated to that objective,” he pointed out. In...
Minister tasks NSDC boss on ensuring self-sufficiency in sugar production
Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, has tasked the newly appointed Executive Secretary of the National sugar Development Council (NSDC), Zach Adedeji to work towards the realisation of the Federal Government’s goal in ensuring self-sufficiency in sugar production. Speaking at the inauguration of Adedeji as the Chief Executive Officer of the NSDC at the weekend in Abuja, Adebayo said the Federal Government relied on him to work assiduously towards the realisation of the country’s self sufficiency in the sugar production. He noted that the appointment of Adedeji was based on his performance in his former positions, adding that the nation expected him to leave landmark achievements by the time he would be leaving office. “You are therefore expected to discharge...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
