ABUJA — An indigenous oil and gas company, ND Western Limited says its 10,000 barrels per day refinery in Uturogu, Delta State will be completed by 2023. Mr. Eberechukwu Oji, Managing Director, ND Western Limited, made the disclosure while speaking with newsmen at the sidelines of the Nigeria Oil and Gas Conference and Exhibition on Thursday in Abuja. Oji said: ” The Front End Engineering Design for the project which is a Joint Venture with...
CALABAR — The Vice-Chancellor of the University of Calabar, Prof. Florence Obi, has charged students of the institution to take entrepreneurial training seriously in order to be self-reliant after graduation. Obi gave the charge on Thursday in Calabar during a symposium organised by the Entrepreneurial Development Centre (EDC) to appraise students performance on skills acquisition. The event, which was held at the university’s International Conference Centre, had in attendance thousands of students from all the...
LAGOS — Cutix Plc on Thursday estimated that N1.83 billion in revenue would be realised in the second quarter (Q2) of the Financial Year (FY) 2022. This is contained in a notice posted on the website of the Nigerian Exchange Ltd., titled: Cutix Plc: Second Quarter FY 2022 Forecast for the Period Ended Oct. 31, 2021. The notice was signed by Mrs. Ijeoma Oduonye, Chief Executive Officer and Mrs. Favour Oti, the Chief Executive Officer,...
LAGOS — The cumulative domestic debts of Lagos and 14 other states rose 153.85 percent between December 31, 2015, and March 31, 2021; this was based on the data obtained from the Debt Management Office. According to the data, each of the states in question has in the record at least 100 percent jump in less than six years under review. The 15 states under review had a cumulative domestic debt of N1.68tn as of...
Twenty-two indigenes of Gombe State who read medical science from the state university as medical doctors have been employed and integrated into the state civil service. Dr. Habu Dahiru state commissioner for Health explained that the 22 fresh graduates of medicine and other related courses from Gombe University were immediately employed to ensure that there is no gap in the health sector. “The development is aimed at bridging the dearth of health workers, especially medical...
LAGOS —In the recently passed Petroleum Industry Bill by the Nigeria National Assembly, holders of refinery licenses in the country can pay for domestic crude oil supply in naira. Companies holding the refinery licenses in the country included Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals, and Edo Refinery and Petrochemical Company Limited. The Senate and the House of Representatives recommended in the...
KANO — Managing Director of the Agency, Kano State Road and Traffic Agency (KAROTA), Baffa Dan’agundi says the agency has increased tricycle license permits from N8,000 to N100,000. The agency has registered 60,000 for permits. Dan’agundi, who disclosed this while briefing newsmen in Kano said that the agency will enforce the payment of N100 daily. He explained that the payment will be made through Point Of Sale (POS) distributed by the Kano State Internal Revenue...
The Senate on Thursday passed the Petroleum Industry Bill (PIB) and approved 3 percent for the host communities. The red chamber passed the PIB, 2021 after the clause by clause consideration for the report of its joint committee on Petroleum (Upstream, Downstream, and Gas) on PIB. With neglect to the protests from the South-South lawmakers, who were advocating for 5 percent, the Senate approved three percent for the host communities. The Senate had before then...
ABUJA — The Nigeria Senate has approved the total of N74,773,916 billion as the 2021 budget for the Nigeria Police Trust Fund. The Senate made the approval after the consideration of a report by the Joint Committee of the Senate and the House of Representatives on Police Affairs during plenary on Wednesday. The Chairman of the Senate Committee on Police Affairs, Dauda Halliru Jika, a member of the All Progressives Congress (APC), Bauchi Central, in...
ABUJA — As part of efforts to attract investment, President Muhammadu Buhari has authorized the Nigerian National Petroleum Corporation (NNPC) to acquire a 20 percent stake in any private refinery producing at least 50,000 barrels per day. It was further revealed that the NNPC will soon get a 20 percent stake in the $19.5 billion Dangote Refinery in Lagos. It has the capacity of producing 650,000 barrels per day. A source in the NNPC revealed...
