Saraki Decries Use of $1.05bn NLNG Dividends for Fuel Subsidy

Saraki Decries Use of $1.05bn NLNG Dividends for Fuel Subsidy

Senate President Bukola Saraki has faulted reported use of $1.05billion, by the Nigeria National Petroleum Corporation (NNPC), from its dividends from the Nigeria Liquefied Natural Gas (NLNG) for fuel subsidy. Saraki said the Senate would, therefore, on resumption of plenary today investigate the claims made before the Senator Ahmad Lawan’s Ad-hoc Committee by the Group…

Refineries failures costs Nigeria $1bn in annual savings

Refineries failures costs Nigeria $1bn in annual savings

There are indications that the inability of the country’s refineries to meet domestic demand for petroleum products may have affected the Nigerian National Petroleum Corporation, NNPC, projected annual revenue savings of $1 billion. Accordingly, the Corporation hopes that in 2020 it would copy the measures taken to realize the savings of around $1 billion seen…

Local Content: Schneider Electric, SE gets Nigerian Content Equipment Certificate
| |

Local Content: Schneider Electric, SE gets Nigerian Content Equipment Certificate

Lagos — The Nigerian Content Development And Monitoring Board (NCDMB) has awarded Schneider Electric in Nigeria the Nigerian Content Equipment Certificate, NCEC, in recognition of its commitment to the local content policy. The NCEC attests to the fact that Schneider Electric owns the assembly facility which it uses for integrating electrical and instrumentation equipment in-country….

Africa advised to deploy space technology to reduce poverty

Africa advised to deploy space technology to reduce poverty

The Minister of Science and Technology, Dr Ogbonnaya Onu, has advised African countries to deploy space technology in reducing poverty to strengthen sustainable development. Onu gave the advice at the opening of the 7th African Leadership Conference on Space Science and Technology on Monday, November 5, 2018 in Abuja with the theme “Implementation of the…

|

UN, GEF seek to incorporate energy, resource efficiency in industries

In the light of energy and related variables that are posing challenges to industrial development in the country, the United Nations Industrial Development Organisation (UNIDO) has taken up an initiative to address the unsavoury situation. The project, which will effectively commence next year, entails the development of energy management systems as well as resource efficiency…

World set to negotiate fresh biodiversity action framework

World set to negotiate fresh biodiversity action framework

In collaboration with the Government of Egypt, the United Nations Convention on Biological Diversity (CBD) will hold its 14th meeting of the Conference of the Parties (COP14) in Sharm el Sheikh, Egypt, from November 14 to 29, 2018, under the theme “Investing in Biodiversity for People and Planet.” From November 14 to 15 at the…

‘Geography, a strong foundation of human environment’

‘Geography, a strong foundation of human environment’

Vice Chancellor of University of Ibadan, Professor Abel Idowu Olayinka; first African President of the International Geographical Union, Prof Akin Mabogunje, and other Council members of the Association of Nigerian Geographers (ANG) during the 59th ANG Annual Conference at the University of Ibadan   The President, Association of Nigerian Geographers (ANG) Prof. Kayode Oyesiku, has…

Mines ministry begins nationwide environmental monitoring

Mines ministry begins nationwide environmental monitoring

The Ministry of Mines and Steel Development says it has commenced nationwide environmental monitoring to ensure mining title holders comply with mining laws and regulations. Mr Sallim Salaam, the Director, Mines Environmental Compliance Department of the ministry, told the News Agency of Nigeria (NAN) on Sunday, November 4, 2018 in Abuja. Salaam said that the…

GEF-SGP exhibition to sensitise Nigerians on environmental issues, says official

GEF-SGP exhibition to sensitise Nigerians on environmental issues, says official

GEF-SGP National Coordinator, Mrs Ibironke Olubamise Global Environmental Facility’s Small Grant Programme (GEF-SGP) said it exhibited its programmes and projects to educate Nigerians on the benefits in tackling environment issues. Its National Coordinator, Mrs Ibironke Olubamise, made this known to the News Agency of Nigeria (NAN) on Wednesday, October 31, 2018 in Akure, Ondo State,…

2019 POLITICS INFLUENCED NNPC’S OIL LIFTING CONTRACTS – OPM REPORT

2019 POLITICS INFLUENCED NNPC’S OIL LIFTING CONTRACTS – OPM REPORT

A United Kingdom-based public policy assessment organisation, the Oxford Policy Management (OPM), has interrogated the increase in the number of firms engaged by the Nigerian National Petroleum Corporation (NNPC) to participate in its crude oil lifting contracts and the two-year duration of the contracts from 2018 and 2020, despite the country’s unchanged levels of crude…