General
Excitement as NNPC Tankers Lift Petrol, Others from Port Harcourt Refinery
By Aduragbemi Omiyale
Some trucks belonging to the Nigerian National Petroleum Company (NNPC) Limited have been sighted lifting premium motor spirit (PMS), otherwise known as petrol, at the newly-renovated Port Harcourt Refinery in Rivers State.
The facility commenced processing crude oil processing on Monday of about 90,000 barrels per day, representing 60 per cent of its installed capacity of 150,000 barrels per day.
The plant began production three years after the government approved $1.5 billion for its rehabilitation.
On Tuesday, trucks stormed the refinery to load petrol and other petroleum products in preparation for competing with the Dangote Refinery, which commenced PMS production in September 2024.
The Chief Corporate Communications Officer of NNPC, Mr Olufemi Soneye, in a statement today, said trucks began loading petroleum products which include Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene, while other product slates will be dispatched as well.
Speaking during a brief ceremony to mark the commencement of product loading at the refinery today, the chief executive of the form, Mr Mele Kyari, described this as a monumental achievement for Nigeria which signifies a new era of energy independence and economic growth for the country.
He thanked President Bola Tinubu for his unwavering support and understanding towards the rehabilitation project and for his persistence in ensuring energy security for the country.
Mr Kyari also expressed deep appreciation to the NNPC board and the entire staff for their support and commitment, which crystallized into the streaming of the refinery, commending the contractors for doing a great job in ensuring that the refinery is delivered despite all challenges.
In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, congratulated the NNPC for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries.
The refinery rehabilitation project is an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) project aimed at restoring the refinery to full functionality and renewal.
It has achieved over 16 million manhours with zero Loss Time Injury (LTI).
General
Aigbovbioise Aig-Imoukhuede for Africa Financial Summit in Morocco
By Aduragbemi Omiyale
The chief executive of Coronation Asset Management, Mr Aigbovbioise Aig-Imoukhuede, will speak at the Africa Financial Summit (AFIS) fixed for Monday, December 9 to Tuesday 10, 2024, in Casablanca, Morocco.
Mr Aig-Imoukhuede, who is also the President of the Fund Managers Association of Nigeria (FMAN), will participate as a distinguished speaker on a strategic panel titled Connecting the Dots Between Investors and Issuers with AI and Fintech, with the session to be moderated by Senior Director at McKinsey and Company, Anass Bensrhir.
He will be joined by the Director General of the Securities and Exchange Commission (SEC) in Nigeria), Mr Emomotimi John Agama; and the Chairman of the Financial Regulatory Authority in Egypt, Mr Mohamed Farid Saleh.
The panel will delve into critical topics such as cultivating a digital investment culture to attract investors and issuers, scaling digital investment products through traditional banking channels, and fostering strong collaboration between fintech innovators and regulators.
Mr Aig-Imoukhuede will share insights on how Coronation is developing digital infrastructure and frameworks to enable wealth creation at all levels—individual, organisational, and public sector—while influencing economic growth across the continent.
“At Coronation, we believe that wealth creation should be accessible to all, and technology is the key to making this a reality.
“Through AI and fintech, we aim to bridge the gap between investors and issuers, laying the foundation for a thriving financial ecosystem across Africa. The discussions at AFIS will be instrumental in driving this transformation,” he stated.
Mr Aig-Imoukhuede is a seasoned leader in the financial sector, with extensive experience in wealth management, investment strategy, and policy advocacy.
His leadership at Coronation Asset Management highlights his expertise in driving innovative investment strategies, advancing wealth management solutions, and fostering sustainable growth across Nigeria’s financial ecosystem and the broader African market.
Coronation’s participation at AFIS reflects its commitment to redefining financial services through innovation and partnerships.
General
How to Stop Recycling of Criminals, Ex-Convicts—Onabulo
By Emmanuel Udom
The president of the Crime Reporters Association of Nigeria (CRAN), Mr Olalekan Onabulo, has explained how the various justice systems could work to stop the recycling of criminals and ex-convicts in the country.
Speaking in his welcome address at the CRAN Public Lecture/Award ceremony held at Sheba Event Centre in Ikeja, Lagos, Mr Onabulo said that there is no denying the fact that the pursuit of justice and security is a shared responsibility that demands collective efforts and collaborations.
He further explained that since recidivism, which is the recycling of criminals and ex-convicts is a hydra-headed monster, which has become a significant source of concern for security agents in the country.
Security operatives are in most cases ambushed, killed or maimed by criminals earlier arrested, investigated and prosecuted who returned to a life of criminalities after their convictions.
According to the CRAN leader, these criminals are emboldened and unrepentant and may want to take their pounds of flesh from security operatives to carry out their professional duties.
Speaking on Justice System Administration and Security in Nigeria: Challenges, Opportunities, and Solutions, Mr Onabulo said all hands must be on deck to address the issue as the whole process seems to have failed and must be redeemed by all and sundry.
”The security operatives, the judiciary and indeed all Nigerians must collaborate and work together to create a safer, just, and equitable society for all,” he stated.
General
NIWA to Collaborate With Coastal States to Secure Waterways
By Adedapo Adesanya
The National Inland Waterways Authority (NIWA) has commenced moves to collaborate with coastal states across the country to increase the safety of Nigerians using the waterways to commute.
According to the waterways regulator, this is part of bids to enhance safety on the nation’s waterways.
This was disclosed by Mr Bola Oyebamiji, the Managing Director of NIWA while speaking at a one-day consultative forum on safety and insecurities on inland waterways, organiwed by the Nigeria Transportation Commissioners’ Forum in Ilorin, Kwara State on Thursday.
He emphasised the critical role that safety and security play in fostering a thriving water transportation system.
The conference, themed Prevalent Safety, Security Hazards and Practices in Inland Waterways: Passenger Transport Safety in Ilorin, Kwara State, sought to address the pressing issues facing the inland waterways sector.
Mr Oyebamiji acknowledged the ongoing efforts by NIWA to improve safety, such as the recent unveiling of the transportation code for public use, and the inauguration of several operational assets including survey boats, gunboats, water ambulances, and a passenger ferry.
He also noted that safety campaigns have been launched across all operational bases, targeting local communities in their native languages.
The NIWA boss highlighted the support from the National Assembly, including the ongoing discussions on establishing coastal guards and the attention safety and security on inland waterways have received from the House Committee on Inland Waterways.
He appealed to the Commissioners for Transportation across relevant states to collaborate with NIWA in areas such as training, safety campaigns, infrastructure development, and financial empowerment.
He also stressed that while the challenges are significant, they are surmountable through collective action, adding that the efforts must be complemented.
The NIWA MD expressed optimism for actionable and implementable outcomes from the forum, which he believes will contribute significantly to ensuring safer and more secure inland waterways in the country.
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