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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
PLANTAIN FLOUR: As the name implies, its a local foodstuff or brand, which is eating in some parts of Africa, but gradually gaining wide acceptability in many countries, due to dietary and health benefits.   Known for preventing anaemia and reducing high blood pressure, if a patient religiously abide with medical recommendations,  plantain flour is made from unripe and dry plantain grounded into powdered like form.  Similar to Amala, a local food made from peeled yam, sliced, boiled and spread under the sun for days in order to get dried and subsequently grounded into powdered like product before preparing it as food for individuals and families, it has become a close competitor with plantain flour. However, plantain flour, as a food brand, is gradually gaining acceptability and patronage in most homes in Africa, especially in the South-Western Nigeria, a place, that is proudly inhabited by the Yourubas. Despite its conservative estimate of  over 30million population, a figure which so

Shell wins best local content operator award

L-R: Chief Upstream Investment Officer, Nigerian Upstream Investment Management Services, Bala Wunti; Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Executive Vice President, Gas and Power of Nigerian National Petroleum Company Limited, Abdulkadre Ahmed; and Managing Director, Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, at the Shell stand during the opening session of the 11th Practical Nigerian Content Forum held in Uyo By Akinola Ajibade Shell Companies in Nigeria have emerged winner of the best local content operators award at the 2022 annual industry dinner and awards ceremonies in Port Harcourt, Rivers State Capital. The Petroleum Technology Association of Nigeria (PETAN) organised the awards.  At the event, the Managing Director of Shell’s deep-water business, Sh

Court sentences two to death over raping, jails others

By Akinola Ajibade Court sentences two students to death over raping,  jails others A State High Court sitting in Ilorin, Kwara state and presided over by Justice Ibrahim Yusuf yesterday,  (Tuesday) sentenced two students, Abdulazeez Ismail and Ajala Oluwatimileyin, to death for the murder of a 300-level undergraduate of the University of Ilorin, Blessing Olajide. Olajide was raped and killed by the students on June 2, 2021, at her sister’s house in the Tanke area of Ilorin, Kwara State. Justice Yusuf also sentenced another student, Oyeyemi Omogbolahan, to life improvement, while two siblings: Abdulkarim Shuaib (aka Easy) and Kareem Rasheed (Rashworld), were sentenced to three years’ imprisonment each for withdrawing money from the Guarantee Trust Bank account of the deceased a few days after she was killed. Three others: Abdullateef Abdulrahman, Daud Adebayo (Bashman) and Akande Oladoja, were discharged and acquitted by the court. Delivering judgement on 11 counts of consp

PMS: Price deregulation key to final removal of subsidy, says Adeosun

Tankers are waiting to discharge their contents Nigeria requires a vibrant process of deregulating prices of petroleum products in order to fully  eliminate subsidy regime in the country, the Major Oil Marketers Association of Nigeria ( MOMAN) Chairman, Mr Olumide Adeosun, has said. MOMAN, which is a parallel institutiion to the  Independent Petroleum  Marketers Association of Nigeria ( IPMAN), boasts of eight strong marketing firms in the nation's fuel sub-sector.  The firms include Mobil, Conoil, 11 Plc, Total Energies OVH Energy MRS and African Petroleum (AP) . Speaking yesterday, during a media workshop with the theme:  Deregulation- Understanding the Downstream Value Chain. Adeosun said the event provides an opportunity for stakeholder to address some issues that have been lingering in the industry for sometime now.  Citing lingering fuel crises in Nigeria, Adeosun, who doubles as the Chief Executive officer, Ardova Plc stated that disruptions in the energy supply

'Nigeria will spend 123.4 % of 2023 revenue on debt servicing'

By Akinola Ajibade The Federal Government will spend 123.4 per cent of its 2023 revenue to service debt, if the projection of the World Bank is anything to go by. The World biggest institution, in a presentation made by its Lead Economist for Nigeria, Alex Sienaert, said this.  In the presentation made in November titled, ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results and made available to the media, the bank projected that debt servicing would gulp 100.2 per cent of Federal Government revenue by the end of 2022. This was a decline from the earlier projection in its October Africa’s Pulse report, which is a biannual analysis of the near-term macroeconomic outlook for the region, published during the World Bank/IMF Spring and Annual Meetings in April and October. In the Africa’s Pulse report, the Washington-based bank had said that Nigeria’s debt service to revenue ratio could stand at 102.3 per cent by the end of 2022. It ha

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    

SHELL'S PHOTOSTORY- NIGERIAN CONTENT FORUM IN UYO, CROSS RIVERS STATE

L-R: Chief Upstream Investment Officer, Nigerian Upstream Investment Management Services, Bala Wunti; Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Executive Vice President, Gas and Power of Nigerian National Petroleum Company Limited, Abdulkadre Ahmed; and Managing Director, Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, at the Shell stand during the opening session of the 11th Practical Nigerian Content Forum held in Uyo received.  

Fashola-Abiru: Complete Sagamu-Ikorodu and Itokin Roads in 2023

Abiru  The Chairman, Senate Committee on Industries, Mr Mukhail Adetokunbo Abiru has gotten the nod  of the Federal Government to complete 30-km Ikorodu Sagamu  and also embark on the rehabilitation of 32-km Itokin Roads in 2023 He obtained the approval yesterday ( Wednesday) during a courtesy visit to the Minister of Works and Housing, Mr Babatunde Raji Fashola in his  office in Mabushi, Abuja.  Abiru, who represents the Lagos East Senatorial Districts at the Red Chamber, also leverage on the visit to appreciate the efforts of the Minister on the two critical Federal roads, which he started on assumption of office as a senator two years ago. The roads are Ikorodu- Itoikin and Ikorodu/ Sagamu. The Senator further seized the visit to extend the gratitudes of his constituents to the minister for his great support to the  projects. On his  part, Fashola informed the senator that the Federal Executive Council (FEC) has approved complete rehabilitation of the Ikorodu-Itoikin Roa

Reps- Govt: Expedite actions on Rida Basin

Reps during a sitting  By Akinola Ajibade The Federal Government should try and expedite actions on the planned exploration of hydrocarbon (crude oil) deposit in the Bida Basin, the House of Representatives, has said. The House also advised three of the nation's oil institutions namely the Federal Ministry of Petroleum Resources, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company (NNPC) Limited to conclude the geophysical survey that the defunct Department of Petroleum Resources (DPR) started in order to ascertain the availability of hydro-carbon in commercial quantity in Bida Basin. This is sequel to the consideration and adoption of a motion on notice on the ‘Need to Fast-Track Geo-Physical Survey/Seismic Data Acquisition to Ascertain availability of Hydro-Carbon in Commercial Quantity in the Bida Basin,’ brought by Hon. Saidu Musa Abdullahi, member representing Bida/Gbajo/Kacha federal constituency of Niger State. Pr

Fuel scarcity will be over soon, says NMADPRA

NMDPRA's officials during the exercise By Akinola Ajibade Fuel queues across the country will soon disappear as marketers commence massive loading of petroleum products, the Chief Executive, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk has said  He gave this assurance yesterday,during a stock monitoring exercise within depots in Lagos. The NMDPRA boss led staff of the Authority to NIPCO, Total, Aiteo, OVH, Conoil, 11 Plc and HOGL depots in Apapa for on the spot assessment. Farouk said the stock taking exercise was to ensure availability and effective distribution of petroleum products across the nation to reduce queues at filling stations. “This exercise would  ensure that the entire states are wet with petroleum products to avoid scarcity and panic buying by commuters during this period. “As an Authority, we are doing everything within our powers to make sure that there are enough petroleum products in the system to help all

IPMAN- NNPC: Sell fuel to us at N148.17 a litre

IPMAN members in Ejigbo  By Akinola Ajibade Independent Petroleum Marketers Association of Nigeria ( IPMAN) under the Ejigbo Satellite Depot is asking the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel to them at regulated depot price of N148.17 per litre. It said the idea would enable her members to use the same window given to Major Oil Marketers Association of Nigeria(MOMANN). IPMAN's Chairman, Ejigbo Depot, Mr Akin Akinrinade, said this yesterday in Lagos, during a media parley called to explain the rationale behind price disparity of petrol to IPMAN members by depot owners. He explained  why private depots get petrol from NNPCL at official rate of N148. 17 per litre but sell at N220 per liter ex-depot price to IPMAN. He, however, issued seven days ultimatum to NNPCL to work out a concrete arrangement for IPMAN to buy fuel at regulated price of N148.17 per litre. According to him, lPMAN had an agreement with NNPCL on fuel supply but   has refused t

COVID 19: Abiru donates over N150m to the poor within two years

Abiru By Akinola Ajibade Beneficiaries of Senator Tokunbo Abiru COVID-19 Financial Relief Scheme have gotten more than N150million in the last twenty three months.. The money, which  was directly credited into their  respective bank accounts was for the social services support of the beneficiaries.  They have also received payment for November this year. In a statement made available to the News Mirror, and signed by the Special Adviser, Media and Publicity to Mr Ibrahim Olukotun, Senator  Adetokunbo Abiru, has disbu over N150million  to the vulnerables, especially poor people in Lagos East Senatorial District under his COVID-19 Financial Relief Scheme. The scheme, the statement said,   covers over 2,500 beneficiaries  comprising widows; people with physical disabilities; aged; unemployed youth and women who receive direct credit transfers of N5,000 each into their respective bank accounts every other month. . "  Those who received payment for the month of November  20

Sprite delights movie lovers during Black Panther Movie's release

By Akinola Ajibade Sprite Zero, a sugar free soft drink in the household of Coco Cola, the world softdrink giants, threw film enthusiastics into excitement in Lagos recently. The event:release of Marvel Studios’ Black Panther film titled:“Wakanda Forever”,  Sprite Zero achieved this goal through partnership  with the Filmhouse on a West African Premiere.. The programme came on the heels of a global collaboration between Marvel Studios and Sprite Zero Sugar, which has a refreshing new campaign tagged “Infinite Potential and Zero Limits”. The campaign features limited-edition packaging, new TV creative and a QR-activated AR and digital experience—all to inspire and empower tomorrow’s creative talent to explore and patiently pursue their true gifts. Held at the Filmhouse IMAX Cinema, Lekki, Lagos, the event brought together guests and celebrities, who displayed rich African culture, while at the same time,  treated to ice-cold signature Sprite Zero cocktails from the Zero Limi

Labour- Fed Govt: take immediate actions to reverse fuel price hike

Favour Ajibade The Federal government should take immediate steps to reverse the current hiked price of fuel N240, The Nigerian Labour Congress ( NLC), has said.  NLC said this in a joint statement signed by NLC and TUC Presidents, Comrade Ayuba Wabba and Comrade Festus Osifo. According to them, the ongoing price hike of fuel is unnecessary, crippling and pain-inducing to Nigerians, adding that Nigerians they are  suffering beyond measure because of government policies. The Labour Centres are seriously bewildered and disturbed by the persistent shortage and uncontrollable prices that players in the downstream sector of the petroleum industry are meeting out to Nigerians. The statement added:“The persistent shortages of Premium Motor Spirit (PMS) otherwise called petrol in the country has become a source of pain to the Nigerian people.It has led not just to long avoidable queues, adulteration of the product by the unscrupulous elements, exploitation of the consumers, turning fuel statio

NNPC/ Chevron Joint Venture secure $1.4b financing for drilling programme

By Favour Ajibade Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (“NNPC”) and CNL (“NNPC/CNL JV”)  has secured $1.4billion finance, with a view to fund the NNPC/CNL JV infill drilling program  (“Project”)  between 2022 to 2026. The financing arrangement was executed on Wednesday November 30, 2022. The Project includes the drilling of 37 wells in the offshore and onshore Escravos area. This will helping in  reserves and increase production by arresting decline and supporting domestic gas supply. The Project is in alignment with the NNPC/CNL JV’s lower carbon ambitions and helps support a lower carbon future through increased gas resources for commercialization. The NNPC/CNL JV recognizes the strategic imperative to supplement funding of the NNPC/CNL JV operations to enable high impact projects that can deliver near term production. The NNPC/CNL JV is one of the largest producers and investors in Nigeria. CNL

Coca Cola takes Nigerians to World Cup competition in Qatar

World Cup Stadium in Qatar  By Lord Segun The Coca-Cola System recently brought football  lovers in Nigeria together, with a view to watch  the ongoing World Cup in Qatar.   The Company, which comprises of  Coca-Cola Nigeria and its bottling partner, Nigerian Bottling Company, achieves this goal through hosting lovers of the round leather game in a viewing centre in Victoria Island.  Specifically, the centre  is not only located at Landmark Beach, Lagos, but also allowed people to catch fun, while watching the game organised by Federation Internationale Football Association ( FIFA).  Incidence, Coca Cola is a lead sponsor of the 2022 World Cup, a development, which is borne out of a long standing partnership  with FIFA. Interestingly, the beverage company was able to treat consumers to an electrifying evening on Sunday November 20th in an ambience that was  reminiscent of a Qatari stadium. 2022 World Cup's logo  Speaking on the issue, the Managing Director,

176.3m Nigerians live in dirtiest environment

Indiscrimate dumping of refuse  Over 176.3 million Nigerians are living in dirty environment, a report from  Clean Up Nigeria (CUN), an international non governmental organization (NGO) has said. The report came from the studies carried out between December 2021 to November 2022 by the organisation.  It, however, named Akwa Ibom state as the cleanest states in Nigeria. According to the CUN, report, Akwa Ibom state scored 54% to emerged the most clean state in Nigeria followed by Ebonyi and Bauchi states respectively. At a briefing in Abuja, Clean-up Nigeria's Founder,  Prince Ene Baba Owoh Jr. stated that there is need to encourage alternative actions on personal hygiene/sanitation in order to ensure a cleaner, healthier and safer Nigeria for all and in the end make the world a better place to live. According to him, their organisation’s statistical data indicates that 32 out of 36 States including the rest of FCT, are rated as unclean States. He added:”Performance indi

Coca-Cola delivers equipment to UITH

Left: Director, Biomedical Engineering Training & Technical Services, Medshare, Eben Armstrong; Coca-Cola's Communication Manager, Ifeyinwa Ejindu; Chairman, Medical Advisory Committee, (UITH), Dr. L.O. Odeigah; Consultant Physician and Nephrologist, (UITH), Dr. T.O. Olanrewaju; and Distribution Manager - Ilorin, Nigerian Bottling Company, Tejumola Opeyemi, during the event  recently. Story by Lord Segun The Coca-Cola System in Nigeria says its unwavering commitment to help develop the health and educational sector in the country. This happens, as the company donated ultra modern medical equipment to the University of Ilorin under its Safe Birth Initiative ( SBI) recently. The idea is in continuation of the efforts of Coca Cola to strategically improve maternal and neonatal mortality system in one of the most institutions in Nigeria. While presenting the equipment, which is estimated to be over $500,000.00 yesterday ( Thursday), the firm's Communication Manager,

EKEDC describes assault on its staff barbaric

Managing Director, EKEDC, Mrs Tinuade Sanda,  Eko Electricity Distribution Company (EKEDC) has described the assault on its staff while on duty, as barbaric and inhumane. Its  spokesman, Godwin Ihemudia, in a. statement, said that the assault on one Mr. Sanmi Mathew Akanni, a staff with the Ikate zone team under its Orile district on 29th November 2022, was bad and devoid of human feelings.  He stated that  Sanmi was assaulted by one Mr. Ayomide Oyebanjo after an illegal connection was discovered.  “While in the process of disconnecting the illegal connection, bottles were broken by Mr. Ayomide Oyebanjo, and the driver Mr. Sanmi was stabbed severally, we have pictorial evidence to prove this”.he added. He said the case was immediately reported at Itire Police Station by the company’s District Legal Officer and the culprit was arrested. He was charged to court on Wednesday, November 30 th , refused bail, and remanded at Ikoyi Prison. Meanwhile, the driver Mr. San

Police exonerates Ogbechie from murder's allegations Court hears on defamation suit

Ogbechie  By Akinola Ajibade Police has absolved the Chief Executive officer, Rainoil Limited, Dr Gabriel Ogbechie of allegations that he was planning to murder  one Prince Ned Nwoko, a politician law maker, who once represented Anochia Oshimili Federal Constituency in Abuja.  The police in its recently concluded investigations exonerated the business mogul ( Ogbechie) of the blame, adding that he practically knew nothing about the land and chieftaincy  disputes in Idumuje-Ugboko community, in Aniocha North Local Government Area of Delta State. Subsequently, the Federal High Court, sitting in Abuja, has commenced hearing of defamation suit against Ogbechie.  In the report released by the police, a certified true copy of which was made available to the media, the police completely exonerated  Ogbechie of all criminal allegations made by Prince Ned Nwoko.  Recall  that sometimes in February, 2021, Nwoko made series of allegations bothering on threat to life, murder and terror