NUPRC Chooses 42 for Gas Flare Commercialisation Bids

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Adedapo Adesanya Crude prices belonging to members of the Organisation of the Petroleum Exporting Countries (OPEC) did not react positively to the announcement that the second-largest producer, Iraq, was promising additional cuts of around 400,000 barrels per day this month in order to compensate for the lack of compliance with the OPEC+ agreement in the previous months. The average price of the basket of 13 crudes stood at $44.87 per barrel on Friday, August 7 compared with $45.17 the previous day, according to the latest OPEC Secretariat calculations. Iraq has been the least compliant member of the OPEC+ production

By Modupe Gbadeyanka Mr Aminu Umar-Sadiq has been appointed as the new Managing Director/Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA). President Muhammadu Buhari has approved the appointment of Mr Umar-Sadiq, a statement from Mr Yunusa Tanko Abdullahi, the Special Adviser on Media and Communications to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, confirmed on Tuesday, October 4, 2022. Also appointed are two new executive directors for the agency, Mr Kolawole Owodunni and Mrs Bisi Makoju. They are all expected to help steer and transform the investment and infrastructure industry and propel the sector

By Femi Salawu The lay off a record 145 staff members by TVC reminds me of a similar narrative by another TV station, AIT with its moribound Daarsat platform. Daarsat is no more and AIT still struggles to pay salaries till date with some of its workforce having 24 months’ salary areas. Precipitating TVC’s latest (mis)fortunes was the launch of its own digital satellite channel called CONSAT (Continental Satellite). Along with TVC’s sudden expansion growth emerged several pop up channels like TVC Entertainment, TVC News etc. So the station’s trajectory went from zero to 100 in a whiff i.e from

Thrombosis, more commonly known as blood clotting, is a dangerous and life-threatening condition. Globally, one in four people die from conditions caused by thrombosis, making it a leading cause of death worldwide. Concerningly, with technological advances and shifting work patterns, many of us lead increasingly sedentary lifestyles, increasing our risk of thrombosis. Do you sit at a desk for work or enjoy sitting watching TV in the evening? You could be at high risk. This is because when we sit for long periods of time, it enables pooling of blood in the veins, leading to clot formation, known as deep

By Modupe Gbadeyanka GE’s Power Services business is celebrating the 40th anniversary of its 6B gas turbine fleet by launching the world’s first 6B repowering solution. GE also announced it has signed its first agreement for the solution with a global chemical company to repower three 6B gas turbines and save significant amounts of fuel each year at its site in Asia. These announcements mark another example of GE’s continued commitment to investing in its mature fleets to keep them competitive. In Africa, GE has an installed base of 60 6B gas turbines at various locations with the most recent

Award-winning telecommunications network, 9mobile, has been affirmed yet again as the preferred number one choice of customers with the latest Mobile Number Portability (MNP) chart showing 9mobile as gaining highest ports-in consistently over the past one year. The Nigerian Communications Commission (NCC) in its most recent MNP report shows that 62 percent of the 10,781 numbers that ported, moved to 9mobile network as at May 2019. The regulator in the industry report covering the period June 2018 to May 2019 posted on its website, indicated that from June 2018 up till May 2019, 9mobile has consistently maintained double or triple

By Sodeinde Temidayo David Telecommunications service provider, MTN Nigeria, said it intends to inject about N600 billion into the nation’s economy through investment in network infrastructure. The company, which is Nigeria’s largest telco by market share, said it plans to make this investment in the next three years as it takes steps to promote its commitment to specifically expand its rural connectivity to reach areas that were underserved. Chairman of MTN Nigeria Communications, Mr Ernest Ndukwe, speaking during the company’s 20th anniversary in Lagos on Sunday, stated that, “We are also committed to extending our rural infrastructure networks to areas underserved

By Modupe Gbadeyanka Despite the harsh operating environment and economic situation in Nigeria, Wema Bank has continued to record a quantum growth. This has made it one of the most trusted financial institutions in the country. Some have attributed this to the leadership style of its Managing Director, Mr Segun Oloketuyi, who since assuming office, has repositioned the bank into a dependable brand. No wonder the Bank of Uganda was in Nigeria to learn from Wema Bank few weeks ago. In its unaudited financial results for the nine months ended September 30, 2016, Wema Bank’s gross earnings grew by 16.36