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NNPC plans gas strategy for industrialisation, economic devt

THE Nigerian National Petroleum Company (NNPC) Ltd has said its gas strategy is set to trigger Nigeria’s industrialisation and economic growth. NNPC’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, disclosed this during a Panel Session at the 2024 CERAWeek Conference in Houston, the United States. Eyesan said Nigeria is a predominantly gas-rich country which boasts of over 200TCF…

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LCCI challenges FG over monies saved from cost cutting

The Lagos Chamber of Commerce and Industry (LCCI) has commended the recent actions taken by the Federal Government to cut the cost of governance in Nigeria. However, in a statement made available to Vanguard yesterday, Director General of LCCI, Dr Chinyere Almona, charged the government to publicise amount of funds recouped from all cost-cutting initiatives and…

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Electricity subsidy to hit N4.9trn in 10 years

Nigeria grew by 22.16 per cent from N528 billion in 2019 to N645 billion in 2023, latest figures from the Nigerian Electricity Regulatory Commission, NERC, has shown. With the Commission projecting N1.6 trillion as electricity subsidy for 2024, total subsidy in the past 10 years is expected to hit N4.993 trillion by the end of the year….

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LUTH CMD decries mass exodus of health practitioners

Chief Medical Director of the Lagos State University Teaching Hospital, LASUTH, Prof. Wasiu Adeyemo, yesterday, blamed the mass exodus of health practitioners overseas on poor hospital equipment and remuneration, even as he said the Federal Government is making concerted efforts to address the challenge. Adeyemo, who spoke at a press conference to mark his one…

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Why cooking gas price is on the rise

THE President, Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Oladapo Olatunbosun, said the prices of cooking gas would continue to leap as the domestic market continues to be impacted by foreign exchange crisis. This is even as the report of the Nigerian Bureau of Statistics, NBS, Liquefied Petroleum Gas Price watch for February 2024 showed…

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NPA begins work on Tin-Can Port access road

In a move to consolidate on the gains recorded in the removal of illegal check/extortion points and shanties which hitherto led to traffic gridlock on Tincan Island Port access road, the Nigerian Ports Authority (NPA) has resumed rehabilitation work on the Port access road. Speaking on the sidelines of the unscheduled spot check, Managing Director /CEO…

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Group raises alarm over demolition of property by FHA

Members of an Igbo socio-political group, Ndigbo Buru’Otu Association, has raised the alarm over the indiscriminate demolition of houses carried out by officials of Federal Housing Authority in Ijeododo Community, Ijegun area of Lagos State. They stated that they were shocked over the demolition of their property, last Thursday, by the authority and described the…

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Pay raise for judicial officers

IN a very personal and proactive move, President Bola Tinubu has pushed for the increase of the pay of judicial officers nationwide. An Executive Bill sponsored by him to that effect was passed by the House of Representatives last week. The Bill seeks to amend aspects of the Certain Political, Public and Judicial Officers (Salaries and Allowances,…

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Nigeria to benefit from 2M£ investment in mobile power

Nigeria’s quest to achieve regular power supply has received a boost with a 1m pounds investment on mobile power by All-On, a leading impact investment company focused on scaling up renewable energy sector in the country.   This brings All-On’s total investment in MOPO to £2 million. The new investment will support the expansion of MOPO’s…

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