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Wed, May

NNPCL Discovers 112 Illegal Oil Refineries In Niger Delta

The Nigerian National Petroleum Company Limited has discovered 122 illegal oil refining in the last seven days in the Niger Delta region. According to a documentary released by the NNPCL on Tuesday, the firm said a filling station was sealed for selling illegally refined fuel to motorists in Akwa Ibom State. The report noted that 65 illegal pipeline connections were uncovered and removed within the past week in Rivers and other states in the oil-rich Niger Delta.

Fed Govt Distributes Food Relief To 37,000 Vulnerable Homes in Borno

The Federal Government has provided food relief to 37,000 vulnerable Homes in Borno State, aimed at cushioning the effect of high food costs. The Director-General of the National Emergency Management Agency, NEMA, Zubaida Umar, presented 37,000 bags of assorted food commodities to Borno State Governor, Babagana Zulum, in Maiduguri on Monday.

House Of Reps Demands Exemption Servicemen From Airport Toll Fees

The House of Representatives has asked the Ministry of Aviation to exempt members of the Armed Forces from tollgate fees and parking payments in Airports across Nigeria. The Federal Executive Council (FEC) had, at its meeting eliminated the exemption of VIPs, including the president and vice president from payment or toll fees at the airport, leading to huge revenue loss to the government.

FG Promises To Publish Lagos-Calabar Highway ESIA In Next 3 Months

The Federal Government has said that the Environmental and Social Impact Assessment (ESIA) report will be ready and made public in the next three months. The Minister of Work, Sen. David Umahi, disclosed this to members of the public during the stakeholders’ engagement meeting about the project in Lagos, this weekend. Umahi said the ESIA for the 700km Lagos-Calabar Coastal Road was being prepared, adding that the social aspect of the report was being addressed by the stakeholders’ engagement.

CBN Makes U-Turn, Withdraws Cyber-Security Levy Circular

The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing commercial banks, mobile money operators, and other financial institutions to implement the National Cybersecurity Levy. The circular, issued May 6, 2024, with reference PSMD/DIR/PUB/LAB/017/004, mandated the institutions to collect a 0.5 percent levy on all electronic transactions.

Using Dollar As A Benchmark For Wages, Ineffective - FDC Warns

The Financial Derivatives Company (FDC) has kicked against the use of the dollar as a benchmark for wage increases. The Managing Director of the FDC, Mr. Bismarck Rewane during the 2024 Vanguard Economic Discourse, themed “Reforms in the Era of Global Economic Uncertainties: Whither Nigeria?” held in Lagos noted that the approach will be ineffective if the inflation rates in the United States is not considered.

Labour Rejects FG Plan To Spend Pension Funds

The organize labour have petitioned the Federal Government against utilizing the pension funds to drive economic and infrastructural development across the country.

FG Unveils 'Renewed Hope Portal' For Sale Of Houses

The minister of Housing and Urban Development, Architect Ahmed Musa Dangiwa has launched the Renewed Hope Portal that will give Nigerians easier and convenient access to key into federal government’s mass housing programmes. Dangiwa who launched the portal, yesterday in Abuja, also said the platform provides an online, transparent as well as easy-to-use and integrated web-based application for the sale of homes under the Renewed Hope Cities and Estates Programme of the ministry, which President Tinubu launched earlier this year.

Nigerian Army In Rivers Clamps Down On Illegal Crude Oil Refineries In Residential Area

The 6 Division of the Nigeria Army on Wednesday discovered 5 reservoirs stocked with 45,000 liters of crude oil each in Odagwa Etche community, Etche local government area of Rivers State. Conducting journalists round the oil bunkering sites, General Officer Commanding 6 Division of the Nigeria Army, Major General Jamal Abdusalam, who was represented by the Commander of 29 Battalion of the Division, Lt. Col. Ishaya Manga, said residents have crude oil boiling pots in their respective homes.

NMDPRA Moves To Make CNG Sale Compulsory In Petrol Stations

Arising from a meeting with high-volume suppliers of petroleum products on Tuesday, May 14, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said there will be a new requirement for Premium Motor Spirit (PMS) petrol stations to have the Compressed Natural Gas (CNG) points of sale. This is to align with President Bola Tinubu’s CNG initiative and also make the CNG available to Nigerians. The Authority, Chief Executive, Engr. Farouk Ahmed broke the news to reporters in Abuja.

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