NewsReports

*Says private firm waived $193m debt  *Discloses huge revenue lost to NPA’s handling of pilotage  *Praises Oyetola for ‘putting Nigeria first’  *Atiku insists divestment in company not reversed *Declares new directive won’t benefit him Nigerian Ports Authority (NPA) has disclosed that the country would save a whopping $326.8 million, roughly N227.86 billion, from the agreement it reached with INTELS Nigeria …

Nigeria’s 1,411 delegates at the ongoing COP28 in Dubai are not all government-funded and include civil society actors, business persons and others who have different roles to play at the conference, a presidential aide has said. The Senior Special Assistant to the President on Media & Publicity, Temitope Ajayi, disclosed this in an article shared with PREMIUM TIMES on Sunday morning. In …

* Baker Hughes to invest in Nigeria’s refineries after meeting with Lokpobiri The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said at the weekend that Nigeria remains on track to surpass the crude oil production quota handed down to the country by the Organisation of Petroleum Exporting Countries (OPEC).Last week, at the 36th OPEC and non-OPEC ministerial meeting, …

FG considering giving oil fields to modular refinery owners• NMDPRA hoards data as transparency, accountability concerns worsen• Stakeholders accuse refinery licence holders of failing capacity test• Lack of deregulation, hostile environment may cripple refinery operations in Nigeria Nigeria’s continued dependence on importation of petroleum products remains a concern despite awarding over 57 refinery licences in the last 18 years and …

• NAF denies responsibility for Air strike At least 31 people were feared dead when a jet dropped a bomb at Tudun Biri village in the Igabi local government area of Kaduna state during the maulud (birthday of Prophet Muhammad) celebration. It was gathered that the incident happened on Sunday around 9:00 p.m. According to a resident who pleaded for …

Nigeria’s federal government, at the weekend, said it is set to kick-off two programmes targeted at alleviating the impact of the fuel subsidy removal. According to a press statement made available to Vanguard, signed by Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, the two programmes are the Presidential Conditional Grant and the Presidential Palliative Loan. The statement reads: …

Former Governor of Anambra State, Peter Obi has berated Nigeria’s 1411-member delegation to the ongoing UN climate summit in Dubai. Obi, in a thread of tweets on his X handle on Sunday, monitored by Vanguard, said in a twist of sad irony, “let me congratulate the giant of Africa, Nigeria, for matching the great China, with the same number of …

The COP28 climate talks in Dubai witnessed a flurry of announcements aimed at tackling global warming, led by the oil-rich host, the United Arab Emirates. Meanwhile, observers have warned that the headline-grabbing pledges could distract from the real battles on fossil fuels and negotiating a formal COP28 text at the end of the two-week talks. As pressure builds during what …

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye Esq., has reiterated the need to prioritize transparency, accountability, and the rule of law in the nation’s governance structures to drive sustainable growth and development. Oye also highlighted the critical role of commercial arbitration in driving economic growth and attracting investments, noting …

…Recommits to making Edo a hub for medical tourism Edo State Governor, Mr. Godwin Obaseki, at the weekend, commissioned the Merry Ehanire Mother and Child Hospital, In Benin City, reassuring that ongoing reforms in the State’s health sector will reposition the State as a destination for medical tourism. The hospital was named after the late Dame Merry Oritsetemeyin Ehanire, mother …