Gas Flaring: Nigeria Lost N53.26bn In Two Months

BusinessOil & GasGas Flaring: Nigeria Lost N53.26bn In Two Months

Hassan Umar Shallpella (Regional Correspondent)July 22, 2021

Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The NNPC, in its latest monthly report, said out of the 206.05 billion scf produced in February, a total of 133.06 billion scf was commercialised, consisting of 40.15 billion scf and 92.91 billion scf for the domestic and export market respectively. The oil...

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Lawyers Decries Non-Payment Of Judgment By Federal Government Agencies

BusinessLaw & JusticeNigeriaLawyers Decries Non-Payment Of Judgment By Federal Government Agencies

Hassan Umar Shallpella (Regional Correspondent)July 21, 2021

ABUJA — Lawyers who have won various litigations against the federal government agencies have cried out over non-payment of judgment debts incurred by the government. In a statement issued by the director of Legal Services, Centre for Civic Education, Barrister Agomuo Chimaobi, on behalf of the lawyers, said the unpaid judgement debts were affecting them economically, having used their personal resources to prosecute some of the cases on behalf of their clients. Parts of the...

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PIB: Nasarawa Governor Queries Whose Pockets Allocations Go To Citing Niger Delta Problems

MoneyPoliticsRegionsPIB: Nasarawa Governor Queries Whose Pockets Allocations Go To Citing Niger Delta Problems

Bada Yusuf Amoo (Correspondent)July 19, 2021

The Governor of Nasarawa State, Abdullahi Sule, has expressed concerns over where the monies allocated to the Niger Delta region go, citing the critical condition of the region. The governor registered his concerns as he faulted the debate over the Petroleum Industry Bill allocation for oil-producing states Governor Sule shared his view when he appeared as a guest on Channels Television’s programme, ‘Politics Today’ on Sunday evening, adding that beyond percentage, what matters more is...

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Kano State Government Sacks School Principal

EducationJobsKano State Government Sacks School Principal

Hassan Umar Shallpella (Regional Correspondent)July 18, 2021

Sabo Muhammad Ahmad, Principal of GSS Dambatta has been relieved from his position for violating its directives on the Eid-el-Kabir break for students. Education Commissioner, Kano State Muhammad Kiru, who approved the immediate removal of the principal said he failed to retain the 300 students writing NECO examinations in his school in breach of a circular to keep students in school throughout the period. “This action is a portrayal of laxity, betrayal of trust reposed in...

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OPEC+ to Boost Oil Production

BusinessOil & GasOPEC+ to Boost Oil Production

Beloved John (Staff Writer)July 18, 2021

The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to boost oil production by 400,000 barrels per day. The group reached this agreement at the 19th OPEC and non-OPEC ministerial meeting on Sunday. In June, OPEC+ had agreed to increase output in July, in line with the group’s April decision to return 2.1 million barrels per day to the market between May and July. However, the deal which was meant...

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CBN Restricts Sugar Importation to Dangote, Flour Mills, BUA

BusinessCBN Restricts Sugar Importation to Dangote, Flour Mills, BUA

Bada Yusuf Amoo (Correspondent)July 17, 2021

The Central Bank of Nigeria (CBN) has announced that the importation of sugar into the country has been limited to three companies. They are Dangote Sugar Refinery Plc, BUA Sugar Refinery Limited, and Golden Sugar Company, which is owned by Flour Mills of Nigeria Plc. This was disclosed in a statement signed by the director of trade and exchange department of the CBN, Ozoemena Nnaji on Friday, noting that the three companies “have made reasonable...

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Senate Directs 59 Federal Government Agencies To Refund Over N300bn To The Federation Account

EconomyPoliticsSenate Directs 59 Federal Government Agencies To Refund Over N300bn To The Federation Account

Hassan Umar Shallpella (Regional Correspondent)July 15, 2021

ABUJA — The Senate during plenary on Wednesday directed 59 Federal Government agencies to refund over N300bn funds allegedly misappropriated by them to the federation account. The Senate took the decision after considering the report of the Committee on Public Accounts on the annual report of the Auditor-General for the Federation on the accounts of the Federation for the year ended 31st December 2015 (Part Ii &1). It ordered that all monies illegally spent by...

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Taraba State NUT Chairman Sack, Promoted

EducationJobsTaraba State NUT Chairman Sack, Promoted

Hassan Umar Shallpella (Regional Correspondent)July 15, 2021

JALINGO, (Taraba State) — The chairman, Taraba State chapter of the Nigeria Union of Teachers (NUT), Peter Julius has been tactically relieved of his position with the transfer from teaching line to administration. The decision of the government might not be unconnected with squabbles with the union leadership in the state which led to the closure of the State Secretariat of the union located along Donga road in Jalingo metropolis. The closure of the secretariat...

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Supreme Court Stops FG From Ceding Oil Wells to Imo Government

BusinessOil & GasSupreme Court Stops FG From Ceding Oil Wells to Imo Government

Bada Yusuf Amoo (Correspondent)July 14, 2021

The Supreme Court has granted an order of injunction stopping the Federal Government and its agencies from ceding oil wells at Akri and Mbede communities to Imo State Government. The order was granted on Wednesday to stop a purported implementation of the ceding of about 17 oil wells to Imo State, till a suit brought before the court by the Rivers State Government is determined. In the ruling, the Supreme Court restrained the Attorney General...

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FEC Contracts N309bn Road Project to Dangote as Tax Credit

BusinessInfrastructureFEC Contracts N309bn Road Project to Dangote as Tax Credit

Beloved John (Staff Writer)July 14, 2021

ABUJA —The federal executive council (FEC) awarded Dangote Industries, a contract to construct five roads of 274.9 kilometres on Wednesday. The contract which cost a sum of N309,917,717,251.35 is to be advanced by the company as a tax credit. The minister of works and housing, Babatunde Fashola indicated this during a briefing with the state house correspondents. A tax credit is an incentive given to taxpayers, usually subtracted directly from taxes owed or expected to...

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