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Logistics Issues Responsible For Fuel Scarcity — NNPC

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Fuel Scarcity Will Linger Till January - Marketers

The Nigerian National Petroleum Company Limited (NNPC Ltd) says logistics issues were responsible for the resurfacing of fuel queues in some parts of the country. But it says the issues have been resolved, according to a statement by its spokesperson Olufemi Soneye. “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium...

Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria

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The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...

Nigeria’s Borrowing For Unproductive Reasons — Peter Obi

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Second Niger Bridge: Arrest Criminals Vandalizing Infrastructure – Peter Obi Urges security Agents

The former presidential candidate for the Labour Party, Peter Obi has described the Nigerian government borrowings as unproductive. Obi stated this in a statement via his verified X handle on Tuesday. According to him, Nigeria’s public debt keeps increasing with little or no impact on the country’s economy. The former Anambra governor said the last administration incurred huge debt especially with the...

Zamfara State Govt Says It Did Not Borrow N14bn

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The Zamfara State Government has clarified that the reported sum of N14.26 billion was not obtained through a loan but part of the proceeds from a N20 billion bond initiated by the previous administration in the state. It said the current administration of Governor Dauda Lawal has not taken any domestic or external loan since assuming office. Sulaiman Bala Idris, the...

Gov. Sani Reveals Actual Debt Burden Inherited From Predecessor, El-Rufai

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Kaduna State Governor, Uba Sani, has said his administration inherited a huge debt burden of $587 million, N85 billion, and 115 contractual liabilities from the previous administration of Nasir El-Rufai. Governor Sani lamented that due to the rise in the exchange rate, the state is now paying back almost triple of what was borrowed by the previous administration. Governor Sani, who...

VIPs In Lagos, Abuja Responsible For Oil Theft In Niger Delta — Sen. Dickson

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Let’s Work For Better 2024 – Sen Dickson Urges Nigerians

Senator Seriake Dickson representing Bayelsa West said some very important personalities (VIPs) from Lagos and the Federal Capital Territory, Abuja, are behind oil theft in Niger Delta. Dickson stated this in an interview on Channels Television on Friday. The two-term governor of Bayelsa State said the official system and oil companies are beneficiaries of oil theft in the Niger Delta. According to...

Nigeria Does Not Have Enough Crude Oil For P/Harcourt Refinery, Others – Minister

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The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has once again expressed fear that the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna refinery and modular refineries in the country may not get enough crude oil locally for the production of petroleum products without increase in production in the sector. Lokpobiri expressed this fear publicly for...

EFCC Accuses Banks Of Aiding 70% Of Financial Crimes

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EFCC Revives Abia, Kano, Rivers, Other 10 Ex-govs’ N772bn Fraud Cases

The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria. He pointed out that the banking sector was...

Adopt Zimbabwe’s Style To Curb Inflation, Obasanjo Urges FG

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Former President Olusegun Obasanjo has advised the Federal Government to adopt the Zimbabwean model to weather the current storm of galloping inflation. He made the call at a Youth leadership symposium with the theme “Opportunities for Peace: Roles of The Youths in Conflict Prevention in Africa” held at Olusegun Obasanjo Presidential Library in Abeokuta, the state capital, as part of...

Nigeria Gets 60% Share Of Aferimbank’s $30bn Oil, Gas Funding

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Nigeria Gets 60% Share Of Aferimbank’s $30bn Oil, Gas Funding

The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa. The bank disclosed investing $30bn in industry projects, with Nigeria receiving 60 per cent despite reduced global funding for hydrocarbon ventures in Africa President, Afreximbank, Prof Benedict Oramah, said Africa has to find innovative solutions to its huge energy deficit. Oramah...

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