US Removes Visa Reciprocity Fees for Nigerians

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Adedapo Adesanya Twenty-two oil and gas companies have been selected as successful bidders for the gas flare commercialisation programme of the Nigerian Upstream Petroleum Regulatory Commission ((NUPRC). The 2022 Nigerian Gas Flare Commercialization Programme (NGFCP) auction process was for 49 Flare Sites put forward by the agency under the erstwhile administration of Mr Muhammadu Buhari. The immediate past government in December 2016 launched NGFCP to involve third-party investors or off-takers in harnessing gas released as a by-product of oil production, a crucial part of the seven big wins of the administration for the oil and gas sector. Launched by

By Adedapo Adesanya President Bola Tinubu on Monday asked South African companies to consider investing in the Nigerian solid minerals development sector, promising them a conducive environment. Mr Tinubu made this call when he held talks with his South African counterpart, Mr Cyril Ramaphosa, in New York City ahead of the United Nations General Assembly (UNGA). According to a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, the Nigerian leader advanced his economic development diplomatic drive for investment attraction during the engagement. He told Mr Ramaphosa that, “South African mining industries have a

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

By Dipo Olowookere The Nigerian National Petroleum Corporation’s (NNPC) three refineries produced additional volumes of 4.6 million litres of Dual Purpose Kerosene otherwise known as kerosene and 7.7 million litres of Automative Gas Oil otherwise known as diesel as at today (Tuesday). This disclosure was made by the Chief Operating Officer of the Refineries, Mr Anibor Kragha, while making a presentation before the Senate Committee on Petroleum Downstream on the current status of the refineries at the National Assembly Complex in Abuja. Mr Kragha said the Port Harcourt Refining Company Limited (PHRC), Warri Refining and Petrochemical Company (WRPC) and the

By Adedapo Adesanya  Following the recent disclosure of freshly alleged fraudsters by the Federal Bureau of Investigation (FBI), the Economic and Financial Crimes Commission (EFCC) has arrested 36-year-old Joseph Oyediran, one of key wanted suspects on the list. The commission took to its twitter handle to announce the arrest of the suspect, including a mugshot of his arrest, whom they said was the mastermind of a N60 million fraud. The commission wrote via – @officialEFCC: “One of the internet fraudsters wanted by the FBI, Joseph Oyediran, arrested by EFCC operatives in Ilorin, Kwara State. Head, EFCC Ilorin Zonal Office, Isyaku

By Dipo Olowookere One of the foremost groups in Nigeria, Socio-Economic Rights and Accountability Project (SERAP), has threatened to take a legal action against Minister of Finance, Mrs Kemi Adeosun, if she fails to speak on the authenticity of her National Youth Service Corps (NYSC) exemption certificate. Exactly three weeks ago, Premium Times published a report alleging that the Minister forged her NYSC exemption certificate. After the report, the management of the corps said it was investigating if the certificate was forged or not. However, it confirmed that Mrs Adeosun did applied for the certificate, but failed to state if

By Adedapo Adesanya The Naira gained 30 kobo or 0.07 per cent against the American currency at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday, November 18. At the specialised market, the domestic currency was traded at N414.80/$1 in contrast to the N415.10/$1 it was traded at the preceding session, where it closed flat for the fourth trading day. The strengthening of the Nigerian currency occurred in the midst of a decline in the FX turnover at the market window by 69.8 per cent or $208.7 million as trades worth $90.18 million were executed

By Dipo Olowookere For the second straight day, trading activities on the floor of the Nigerian Stock Exchange (NSE) closed flat as the key performance indicators remained unchanged. The All-Share Index (ASI) ended at 28,344.04 points, while the market capitalisation, which measures the aggregate value of equities on the exchange, remained static at N14.814 trillion. Business Post observed that investors are beginning to trade cautiously as the protest calling for an end to police brutality in the country continues to grow stronger. For over a week now, youths in Nigeria have continued to storm the streets, asking the government to

By Adedapo Adesanya Following the N1.13 billion week-on-week loss posted at the NASD Over-the-Counter (OTC) Securities Exchange last week, the market capitalisation closed at N615.91 billion in the 44th week of trading this year compared with N617.04 billion it ended in the 43rd trading week. The bears took control of the OTC market as a result of the influence of two of the securities admitted on the trading platform and this subsequently dragged down the NASD Security Index (NSI) by 0.18 per cent or 1.37 points to close the week at 745.49 points against 746.86 of the previous week. Business

By Modupe Gbadeyanka Nigerians of Igbo extraction have been asked to leave northern part of the country within the next three months or risk being forced out. This threat was given yesterday by a coalition of Northern groups, including the Arewa Youth Consultative Forum (AYCF) and the Northern Emancipation Network. At a press conference in Kaduna on Tuesday, the group said the Ndigbos were no longer welcomed in the 19 northern states and now have October 1, 2017 to quit the region. The northern youths described the Igbos as threat to national unity, vowing to reclaim, assume and assert sole

Are you thinking of relocating to Abuja? Then you should know the answer to the question, how much is house rent in Abuja? read this article to find out. Introduction Renting a house in Abuja can be tricky, and with the high cost of living, many potential tenants are left wondering how much is house rent in Abuja. The answer to this question is not straightforward and depends on various factors, including the area you are looking to rent and the type of property you are interested in. If you are looking for a place to rent in the city