NDDC asks communities to monitor projects
Representative of the Niger Delta Development Commission in Cross River State, Mr. Paul Adah, on Wednesday asked communities to monitor projects, especially those related to drainages and flood channels in order to avert erosion.
Adah spoke in Calabar, the state capital, during the unveiling of over 50 projects executed by the commission in Calabar Municipality and Calabar South Local Government Areas of the state. Read more
Seplat, Guinness, Mobil, others gain
Nigerian stock market took a positive route yesterday following gains recorded by 35 companies led by Seplat Petroleum Development Company plc.
As the market moved on a new path, the value of listed equities appreciated by N16bn while the market’s benchmark performance indicator rose by 1.18 percent, pushing the year-to-date (YtD) return higher at 2.33 percent. Read more
2015: If PDP rigs, expect parallel government, APC threatens
The All Progressives Congress (APC) yesterday threatened that it will not hesitate to constitute a parallel government should the Peoples Democratic Party (PDP) rig the 2015 presidential election. National Chairman of the party, Chief John Oyegun, who spoke at the grand finale of the campaign for re-election of Governor Rauf Aregbesola, said attempt by President Goodluck Jonathan to rig the 2015 election would consume his government.
Oyegun, who spoke against the backdrop of alleged under-development in most parts of the country, said the PDP had no meaningful programme for the masses of Nigeria, stressing that President Jonathan’s administration was the worst in the history of the country. Read more
NSCDC Deploys New Tactics For Osun Election
The Commandant-General of Nigeria Security and Civil Defence Corps (NSCDC), Ade Abolurin has said the organisation was planning to change its operational tactics towards making the Osun State gubernatorial election a hitch-free one.
He gave this indication at the National Headquarters of the Corps in Abuja on Tuesday while briefing his personnel ahead of deployment to Osun State for the polls. Read more
Nigeria’s independents seen to produce 50% of domestic gas by 2018
With the emerging need for domestic energy security, particularly to meet the growing demand for gas supply in the power sector, Nigerian oil independent companies are expected to contribute 50 percent to domestic gas supply by 2018 to power the economy.
Industry experts premised the possibility of this aspiration on the increasing acquisition by indigenous independents of assets being divested by international oil companies operating in the country. Read more
Boko Haram `Chief Butcher’ Is In Our Custody, Says Police
The Nigeria Police says a Boko Haram suspect, self-styled “Chief Butcher’’ of the sect, Mohammed Zakari, arrested by it in Balmo forest in Bauchi, did not escape from custody.
The suspect was shown to some newsmen in one of the police facilities in the FCT on Wednesday by the force spokesman, ACP Frank Mba. Read more
Davido Breaks Silence On Wizkid Beef
Following the beef existing between him and one-time friend, Wizkid, Davido has finally spoken on the matter.
Davido, while speaking with Sahara TV, said ‘It’s not beef at all..but I’m the type of person if I feel something…to me everything you do, you don’t hit your brother down.’ Read more
Recapitalisation:1000 BDCs may emerge
Bureaux De Change (BDCs) are waiting for the Central Bank of Nigeria (CBN) to release the list of operators that met the July 31 recapitalisation deadline, Managing Director, Blue Wall Bureau De Change (BDC) Limited Lucky Aiyedatiwa has said.
He told The Nation that feelers indicated that about 1,000 operators may make emerge. Read more
APC Raises Alarm Over Arrest of Its Leaders
The All Progressives Congress (APC) has cried out over the plan by the PDP-led federal government to commence a mass arrest of its leaders in Osun State on Tuesday night, as a ploy to destabilize the party and intimidate its members and supporters ahead of Saturday’s governorship election in the state.
In a statement issued in Osogbo on Tuesday by its National Publicity Secretary, Lai Mohammed, the party said the arrests, which were earlier scheduled to start on Thursday, was fast forwarded because of the runaway success of the APC’s rally in Osogbo on Tuesday. Read more
CBO Capital facilitates $55m Owel-Linkso gas plant acquisition
AFRICA Capital Alliance, a private equity fund, has concluded plans to provide equity investment support for the acquisition of the Egbaoma Gas Processing Plant located in OML 38, from the Platform Petroleum/Newcross Joint Venture by Owel-Linkso Group.
By the action, CBO Capital Partners has become sole financial advisors to the project sponsors, Owel-Linkso Group in the $55 million acquisition deal. Read more
NERC to engage in selective electricity tariff review
The Nigeria Electricity Regulatory Commission (NERC) is to engage in a selective review of electricity tariff and it has spelt out conditions under which electricity distribution companies would be allowed to increase tariff.
The commission said while it is still reviewing the tariff regime, the level of indebtedness of the electricity distribution companies in the course of their efforts at improving supplies would determine if a particular company would be allowed to raise its tariff or not. Read more
Nigerian nurse dies of Ebola
A Nigerian nurse who treated Patrick Sawyer has died from Ebola virus, the Nigerian government has confirmed.
The Minister of Health, Onyebuchi Chukwu, also confirmed that five more people tested positive to the virus.
All six who tested positive, including the late nurse, were in primary contact with the Liberian American, Mr. Sawyer, who died in a Lagos hospital late July after arriving from Liberia. Read more
Govt to Scale Down U.S.$1.96 Billion Bitumen Import Bill
THE nation may conserve the $1.9 billion (N300 billion) foreign exchange being expended on the yearly importation of bitumen into the country, going by the current moves by the Federal Government to enhance local production.
The current moves, according to official sources, would be for the short-term, while efforts are being scripted to make the commodity join the import prohibition list. Read more
Nine political parties adopt Omisore
Nine out of the 20 political parties contesting the August 9 Osun State governorship election on Wednesday adopted the Peoples Democratic Party candidate, Senator Iyiola Omisore, as their candidate in the election.
The parties are: the Accord Party, the All Progressives Grand Alliance, the Democratic Peoples Party, the Action Alliance, the Peoples Party of Nigeria, the Social Democratic Party, the Unity Party of Nigeria, the Kowa Party, and the Advance Congress of Democrats. Read more
GE To Work With Dangote On Distributed Power Projects
In order to support the growth of one of its key customers and partners in the African market, General Electric (NYSE: GE) has announced the conclusion of the GE-Dangote Framework Agreement for Distributed Power Solutions. Under the framework agreement, GE will supply aeroderivative gas turbines to Dangote Group for captive power requirements and Dangote Group will generate reliable and efficient power for the operation of its manufacturing assets within Nigeria and other African countries where Dangote Industries operates. Read more
18 Al-Qaeda gunmen killed in clashes with Yemeni soldiers
Seven Yemeni soldiers and 18 suspected Al-Qaeda militants were killed Wednesday in confrontations in southern and southeastern provinces, security officials and the defence ministry said.
Five soldiers were killed in an ambush in the southern province of Shabwa in the third attack of its kind this month blamed by security officials on the jihadists. Read more
Manchester United make €10m move for De Jong
Manchester United have made the first move in a bid to sign Netherlands international Nigel de Jong in a €10 million deal, Goal understands.
Having already brought Ander Herrera to the club this summer, manager Louis van Gaal made it clear to United officials that he is happy to work with what he has in the midfield area – at least until his no.1 target, Kevin Strootman, fully recovers from a serious knee injury. Read more