Author: Vardiafrica

The Nigerian Nigerian Petroleum Company Limited (NNPCL), has blamed resurfacing of fuel queues in some parts of the country on the disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and Daughter Vessels resulting from recent thunderstorm. A statement by the company’s Chief Corporate Communications Officer, Olufemi Soneye, on Monday, said the adverse weather condition has also affected berthing at jetties, truck load-outs and transportation of products to filling stations, disrupting station supply logistics. The clarification came following reports of long fuel queues in Lagos, Abuja and other parts of the country.…

Governor Dapo Abiodun of Ogun has called for patience amid criticisms of his government over the conditions of roads in the state The governor said this on Monday after an on-the-spot assessment of roads in Ifo Local Government Area (LGA) of the state. “I want to implore our people to be patient with us. We cannot reconstruct all the bad roads in three years,” the governor said. “In fact, no administration can reconstruct all the roads in Ogun State, not even in 8 years.” He said, “When I assumed office on the 29th of May, 2019, the deficit that we met…

The Economic and Financial Crimes Commission (EFCC) says it won’t relent in the fight against corruption in the country.  According to a statement by the EFCC on Monday, it said the chairman of the commission made the promise while addressing representatives of the National Association of Nigerian Students (NANS) who were at the agency’s headquarters, Abuja on a solidarity visit. “Some of you have been asking questions about one or two people that we have been investigating. Don’t worry everybody will have his day in court, I promise you that,” he said He dismissed claims about recent operations of the…

The Economic and Financial Crimes Commission (EFCC) on Monday opposed the application of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for the release of his passport to enable him to make an overseas medical trip In a statement on Monday, the agency’s spokesman Dele Oyewale said thedefence counsel Labi-Lawal had filed an affidavit seeking the release of Emefiele’s passport to enable him to travel to the United Kingdom for medical treatments which was objected to by the EFCC. Monday’s affidavit by the defence and the counter-affidavit by the prosecution was in furtherance of the ones…

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday constituted a Joint Working Team (JWT) with the Gas Aggregator Company Nigeria (GACN) Limited on gas utilization and commercialization. Speaking at the inauguration at the Board’s liaison office in Abuja, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, acknowledged the correlation between the mandates of the Board and GACN, noting that the collaboration would stimulate gas market expansion and sustainable development and monitoring of the midstream and downstream activities as relate to the Nigerian oil and gas subsector through commercialization opportunities. The Executive Secretary, who was represented by the Director,…

The Rivers State House of Assembly led by Martin Amaewhule has issued a 7-day ultimatum to Governor Siminalayi Fubara to re-present the 2024 budget to the House. The order follows the first sitting of the pro-Wike House on Monday after some months. The other House led by Victor Oko-Jumbo is also holding a parallel sitting. Fubara had earlier presented the budget to the House loyal to him when his current Chief of Staff Edison Ehie presided as the Speaker. Ehie and the other pro-Fubara lawmakers passed the budget estimates, and the governor signed the bill into law. He stated that…

The West African leaders have assigned Senegalese President Bassirou Diomaye Faye to persuade the military leaders of three nations not to withdraw from the regional economic bloc. Faye was appointed as an envoy of the Economic Community of West African States (ECOWAS) at a summit held in Abuja, Nigeria, on Sunday. Meanwhile, the heads of the juntas in Mali, Niger, and Burkina Faso signed a treaty in Niamey, Niger’s capital, to form a confederation aimed at strengthening political and economic ties. Military junta leaders of Niger, Mali, and Burkina Faso, on Saturday ruled out rejoining the West African regional bloc,…

Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has reassured of the commencement of production of Premium Motor Spirit (PMS) also known as petrol by the Dangote Oil Refinery and Petrochemicals company this month. Edwin disclosed during an onsite visit to the Dangote Refinery at Ibeju-Lekki, Lagos, by S&P Global, headquartered in Manhattan, New York City, as part of its sovereign credit ratings assessment of Nigeria. He reiterated that as earlier promised, the company will start the production of petrol this month (July). According to him, the move will harness Africa’s abundant crude oil resources…

In furtherance of its proactive flood risk management, the Director General National Emergency Management Agency (NEMA), Zubaida Umar has activated all Zonal, Territorial and Operation offices of the agency nationwide, to work with the States’ Emergency Management Agencies (SEMAs) within their area of responsibilities, to carry out rescue operations and conduct assessment of the situation A statement from the agency on Sunday, said the NEMA Zonal, Territorial and Operation offices are located in Lagos, Ibadan, Ekiti, Abuja, Minna, Jos, Enugu, Owerri, Port Harcourt, Edo, Uyo, Kano, Sokoto, Kaduna, Maiduguri, Yola and Gombe. At the headquarters, NEMA said it also operates…

The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023, reports said. An analysis of the Budget Implementation Report for the third quarter of 2023 released by the Budget Office revealed this. Capital projects, in the context of budgeting, typically refer to major investments in physical infrastructure or assets that are expected to provide long-term benefits. These projects usually involve the construction, acquisition, or renovation of tangible assets such as buildings, roads, bridges, dams, schools, hospitals, and other facilities. The…