Electoral Act: Senate Flings Buhari’s Request to Amend Section 84(12)

By Adedapo Adesanya The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the regulatory framework for energy transition, decarbonisation, and carbon monetization for upstream operations in Nigeria. The Commission Chief Executive, Mr Gbenga Komolafe, unveiled the regulatory framework at COP28 in Dubai, the United Arab Emirates (UAE) themed Driving Sustainable Upstream Operations to Achieve Just and Equitable Energy Transition.  Mr Komolafe noted that the regulatory framework has Natural Gas shift, zero routine gas flaring and methane abatement, carbon market development, and upstream operations efficiency as its key pillars. Others include technology and innovation, incentive mechanisms, collaboration, and risk management. According

By Adedapo Adesanya  PricewaterhouseCooper (PwC) Nigeria has commended the country’s move towards fixing its copious electricity challenges with the Electricity Act 2023 and proposed key amendments that will ensure the issues are faced head-on, At the 14th edition of its Annual Power and Utilities Roundtable, with the theme The Electricity Act 2023: Powering Nigeria, the Partner and Energy, Utilities and Resources Leader at PwC Nigeria, Mr Pedro Omontuemhen, noted that, “The 2023 power roundtable’s timing coincides with the ongoing COP 28 in Dubai, highlighting the urgent need for continued action on climate change especially in the area of renewable energy.”

By Adedapo Adesanya A three-member panel of the Economic Community of West African States (ECOWAS) Court of Justice has ordered the Government of the Republic of Benin to pay Mr Sunday Adeyemo, popularly called Igboho, 20 million CFA for unlawful detention. The court ordered that the money should be paid within three months. Igboho had on February 10, applied to the court challenging his arrest and detention in the French-speaking country. The ECOWAS court also directed the country to comply with its order and revert to the court with evidence of payment. Igboho was arrested alongside his wife, Ropo, in

By Adedapo Adesanya President Bola Ahmed Tinubu on Tuesday ordered an investigation after the army acknowledged one of its drones accidentally struck Tudun Biri village as residents were celebrating a Muslim festival. The army did not give any casualty figures, but residents claimed 85 of them, who were mainly women and children, died in the attack, which has sparked public outrage. On its part, Amnesty International’s Nigeria office said 120 people were killed in the attack, citing reports of its workers and volunteers in the area. But the North-West zonal spokesperson of the National Emergency Management Agency (NEMA), Mrs Halima

By Adedapo Adesanya In her bid to occupy the position of the Director-General of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, has called on the United States not to leave the trade body. Rather, she said the world power should leave room for reforms. The former minister of finance in Nigeria, who is one of the eight candidates vying for the position, said “I would say to the President (of the US) that the WTO delivered for all countries, including the United States in the past.” “It is because of the multilateral rules-based trading system that we have had

By Dipo Olowookere The Nigerian National Petroleum Corporation (NNPC) has emerged winner of the 2016 Phillips Consulting/WebJurists award for best website and overall social media use among federal parastatals in Nigeria. The honour was jointly awarded by Web Jurists, a website rating outfit in conjunction with Phillips Consulting, a renowned business and management consulting company. Reacting to the honour, NNPC Group Managing Director, Dr. Maikanti Baru, said it was a testimony to the Corporation’s investment in Information and Communications Technology (ICT) over the years, adding that it also testifies to NNPC’s commitment to openness, transparency and accountability in its business

By Aduragbemi Omiyale Activities at the Murtala Mohammed International Airport (MMIA), Ikeja, Lagos, were paralysed on Monday after some employees of the Nigerian Aviation Handling Company (NAHCO) Plc embarked on an industrial action. The NAHCO workers protested the failure of the management of the company to heed their demands, including an increase in salaries and better welfare packages. Air passengers who were at the Lagos airport were left frustrated today due to the demonstration by the aviation workers, with a few international flights disrupted. It was gathered that most airline operators were caught unawares as they did not have prior

By Modupe Gbadeyanka Federal Government says henceforth, mortgages below N5 million will no longer attract the initial payment of 10 percent equity from off-takers. This was disclosed by the Minister of State for Power, Works and Housing, Mr Mustapha Baba Shehuri, while commissioning a 125-unit housing estate being financed by the Federal Mortgage Bank of Nigeria (FMBN) and developed by a private developer, Messrs LCK Projects (Nigeria) Limited, in Enugu, Enugu State, recently. Mr Shehuri explained that this move was taken by the FG as a demonstration of its resolute commitment to the provision of affordable housing to Nigerians, especially

By Adedapo Adesanya For the third straight trading day, the NASD Over-the-Counter (OTC) Securities Exchange slumped on Thursday by 1.61 per cent on the back of a decline in the share price of FrieslandCampina WAMCO Nigeria Plc. The milk-producing firm lost N8.00 during the session to close at N73.00 per share compared with the N81.00 per cent it closed a day earlier. The selling pressure caused the value of the unlisted securities market to go down by N15.62 billion yesterday to N952.57 billion from N968.19 billion as the NASD Unlisted Securities Index (NSI) went down by 11.87 points to 723.61

By Dipo Olowookere Officials of the Department of State Services (DSS) made an attempt to re-arrest Publisher of a popular online news platform, Sahara Reporters, Mr Omoyele Sowore, on Friday. Mr Sowore, convener of the #RevolutionNow Protest, was released on Thursday afternoon after a court directed the agency to free him after meeting his stringent bail conditions few weeks ago. He was initially apprehended in his Lagos home in August 2019 after he planned to stage a nationwide protest to force government of President Muhammadu Buhari to fulfil his electoral promises of protecting lives and properties of citizens and make

By Adedapo Adesanya The organisers of the Nigeria Blue Economy Stakeholders Conference scheduled to hold between June 22 and 24, 2021, have postponed the event. The postponement, which occurred after strategic engagements with key stakeholders in the last 24 hours, is to allow for additional time for preparation by all stakeholders for a robust and successful conference. The objectives of the conference, one of the earliest steps for establishing a sustainable Nigerian Blue Economy, remain to create a platform to bring all stakeholders together for the primary objective of agreeing on the framework for creating a sustainable Nigerian Blue Economy;