Patience Jonathan Sues SERAP

 By Adedapo Adesanya The Cross River Government has entered into a partnership with Oando Clean Energy on the provision of wind power in the state. Signing the Memorandum of Understanding (MoU) at the ongoing climate conference, known as COP28, in Dubai, Governor Bassey Otu of Cross River State said the collaboration signified the commitment of the state to spearhead the green economy, which he described as a significant milestone in his development objective for the state. Represented by the state Commissioner for Special Duties and Inter-Governmental Relations, Mr Oden Ewa, the Governor said the strategic deal with the energy company

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 Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

By Adedapo Adesanya Energy stakeholders have urged African countries, including Nigeria, the continent’s largest crude producer, to reject all anti-fossil fuel policies that may arise at discussions at the 28th Conference of Parties (COP28) in Dubai, the United Arab Emirates (UAE). They called on African countries to fiercely defend the role oil and gas play across the continent, adding that it has become clear that developed nations seem committed to phasing out fossil fuels, advocating for an anti-fossil fuel energy transition that does not take into account the needs of the developing world. For instance, the African Energy Chamber (AEC)

By Modupe Gbadeyanka In its bid to imbibe cleanliness and hygiene in Oyo State, Multi Pro Limited, makers of Hypo disinfectant, has partnered the Oyo State government in a ‘team up to clean up’ exercise in some parts of the state. The aim of the project with the theme ‘Team up to Clean up’ is to sensitise the people on the need to maintain environmental hygiene so as to prevent disease-ridden environments. The cleaning exercise was carried at Darlington Street, Mokola Ibadan, Oyo State. Brand Manager of Hypo, Jadesola Surakat, revealed that beyond the use of Hypo for clothes, it

By Adedapo Adesanya  Trading activities at the unlisted securities market in Nigeria were bearish on Wednesday, depressing by 1.14 percent at the end of the day. The negativity spread across the various indicators of the NASD Over-the-Counter (OTC) Securities Exchange, including the activity level of the market. It was observed that the market suffered contraction at the midweek session as a result of heavy drops in share prices of two big stocks at the bourse. The declines led the NASD unlisted securities index (NSI) to shed 7.9 basis points to close at 685.81 points from 693.71 points. In the same

By Dipo Olowookere The federal government has disclosed that it plans to phase out some old pioneer tax exemptions granted to some companies as it looks to bolster its revenue to cut its fiscal deficits. The government has expressed concern over the country’s debt burden, and with earnings from crude oil sales not improving, it is looking toward taxes to generate more funds. Last month, the Debt Management Office (DMO) said the total debt profile of Nigeria increased by 2.98 per cent on a quarter-on-quarter basis to N42.84 trillion in June 2022 from N41.60 trillion in March 2022. It explained

By Adedapo Adesanya Crude oil fell on Friday as energy companies in the Gulf of Mexico restarted production after back-to-back hurricanes in the region clamped down on output in the United States. At the market yesterday, the Brent crude futures fell by 33 cents or 0.44 per cent to settle at $75.34 per barrel, while the US West Texas Intermediate (WTI) crude futures fell by 64 cents or 0.88 per cent to settle at $71.97 a barrel. Despite the bearish outcome, the Brent reported a weekly gain of 3.3 per cent, while the US crude benchmark was up by 3.2

With football finding itself within the vice-like grip of a global pandemic, it was enough to put last season’s Champions League at risk and with pan-continental competition being considered an absolute no, it would require a considerable amount of thinking outside the box to restart it. Thinking that was required for this and the Europa League, to reach a rightful conclusion and with the usual format of home and away legs scrapped, it meant one nation would host each of the final phases of these respective competitions. For the Europa League, it was the home of the Bundesliga which become

By Dipo Olowookere Nigeria’s most valuable bank brand, First Bank of Nigeria Limited, has felicitated with their customers, acknowledging their immense contributions to the Bank’s success. For over 120 years, the FirstBank has established itself as a brand of strength and dynamism, always striving to provide the best financial solutions and deliver to its stakeholders at all times. The Bank noted that customers are the reason for its varied bundles of products to give them the advantage and take their business to the next level. FirstBank said small business owners are being positioned with the SMEConnect programme to build capacity

By Dipo Olowookere Justice Kiyashot Damlak of the National Industrial Court (NIC) sitting in Sokoto has directed the state government to reinstate the sacked Auditor General, Mr Sambo Nawawi. Mr Nawawi, through his counsel, Sufi Basheer, had challenged the termination of his appointment before reaching the stipulated 60 years of age contained in the Auditor-General’s appointment rules. He had filed the suit in November 2016 at the Kano Division of NIC, but the matter was later transferred to Sokoto State after the Sokoto Division of the court was created in 2017. But counsel to the Sokoto State government, who doubles