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FG says Nigeria has lost her most-valued crude oil customers

FG says Nigeria has lost her most-valued crude oil customers

Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies were massively shifting focus to alternative fuels, as the threat posed by the push for renewables was seriously gaining momentum. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority at the opening ceremony of the Midstream and Downstream Petroleum Industry HSE Managers’ Forum in Abuja. The Chief Executive, of NMDPRA, Farouk Ahmed, who was represented by the agency’s Executive…
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Buhari’s regime borrows N31tn, to leave N39.12tn debt for successor

Buhari’s regime borrows N31tn, to leave N39.12tn debt for successor

The National Assembly has approved or at least received budget estimates worth N93.453tn from the President, Major General Muhammadu Buhari (retd), in eight years. Out of the N93.453tn budgeted from 2016 to 2023, a total of N67.4tn has been committed to recurrent expenditure, including the payment of salaries and emoluments of civil servants and legislators. This amounts to 72.1 per cent of the entire budget devoted to recurrent expenditure in the life of the Buhari regime. The administration met a debt of N12.12tn on June 30, 2015, but it increased it to N42.84tn by June 30, 2022, according to statistics obtained…
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FG approves construction of Lekki-Epe Airport

FG approves construction of Lekki-Epe Airport

The Federal Government has approved the construction of the Lekki International Airport in the Lekki-Epe area of Lagos State. The Lagos State Government said it would begin the construction of a new airport in the Lekki-Epe area of the state in 2023. The Minister of Aviation, Hadi Sirika, presented the approval for the new airport to the Lagos State Governor, Babajide Sanwo-Olu, on behalf of the Federal Government at the Lagos Economic Summit 2022, held at Eko Hotel and Suites, Lagos. The Senior Special Assistant to the Lagos State Governor on New Media, Jubril Gawat, disclosed this in a tweet.…
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Nigeria has world-class talents to dominate digital economy – Osinbajo

Nigeria has world-class talents to dominate digital economy – Osinbajo

Vice President Yemi Osinbajo said Nigeria has the requisite talents, creativity, and acumen to become a world leader in the digital economy. The VP made the comment on Monday at the Nigeria Digital Economy Summit (NDES) themed “Web 3.0, Blockchain & DeFi: Impact on Africa’s Digital Economy”. Osinbajo highlighted the future of technology, the digital economy, and what it means globally but especially for Nigeria. The vice president urged the nation to use the right approach and policy to harness its human capital and potential. He told the gathering that a new world is unfolding, unlike Web 1 and 2…
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PCN seals 19,059 illegal pharmaceutical premises in four years

PCN seals 19,059 illegal pharmaceutical premises in four years

A total of 19,059 illegal pharmaceutical premises have been shut down in the last four years across the country by the Pharmacy Council of Nigeria (PCN). Pharm Ibrahim Babashehu Ahmed, the Registrar PCN, on Saturday disclosed this during the presentation of the gazetted PCN (Establishment) Act 2022. He explained that “From 2018 to the 8th of October 2022, a total of 27, 262 facilities were visited for enforcement activities. Out of this number, we have closed down a total of 19, 059 of them.” The registrar pointed out that 16, 502 were sealed as patent medicine shops, saying that 1,780…
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