Navy uncovers vandalised NNPCL oil well, arrests four

Navy uncovers vandalised NNPCL oil well, arrests four

The Nigerian Navy has excavated and dismantled oil equipment of a suspected oil syndicate on Oil Mining Lease-18 in Elem Krakama Creek in the Degema Local Government Area of Rivers State. The Navy said it dismantled the equipment used in siphoning crude precisely on Oil Well 17 operated by the Nigerian National Petroleum Company Limited. The Commander, Nigerian Navy Ship Pathfinder, Commodore Suleman Ibrahim, said the Navy spotted the illicit […]

July 17, 2023 63

SPORTS

Kane totally committed to Tottenham, says coach

New Tottenham coach Ange Postecoglou said on Monday that Harry Kane was “totally committed” to his vision for the north London club as speculation mounts over the England captain’s future. Kane has entered the final 12 months of his six-year Spurs contract and has been courted aggressively by Bayern Munich. Unfazed by the uncertainty ahead of next month’s start of the English Premier League season, Postecoglou said his initial discussions […]

July 17, 2023 58

BUSINESS

NERC may okay tariff hike as electricity subsidy hits N2.8tn

There are strong indications the Federal Government may consider the request by power distribution companies for a review of their tariff, as the government spending on electricity subsidy has risen to N2.8tn. A new report by the Nigerian Electricity Regulatory Commission, obtained by our correspondent in Abuja on Sunday, indicated that past hikes in electricity tariffs by Discos saved the government from paying additional N1tn in subsidy to power firms […]

July 17, 2023 83

NEWS

CSO demands Malami’s probe over alleged N1bn car gifts

A civil society organisation, Human and Environmental Agenda, has demanded a “thorough, immediate and urgent investigation” into the alleged N1bn car gifts by the immediate-past Attorney General of the Federation and Minister of Justice, Abubakar Malami, to his supporters in Kebbi State. The anti-corruption group, in a petition to the Independent Corrupt Practices and other Related Offences Commission, also demanded Malami’s probe over several allegations of corruption and abuse of […]

July 17, 2023 22

BUSINESS

Power sector gas debt hits $1bn, says NGA

A new gas pricing template for the power sector and gas-based industries has been developed and currently awaits the approval of President Bola Tinubu, the Nigerian Midstream, and Downstream Petroleum Regulatory Authority announced on Wednesday. It was also revealed that the legacy gas debts of the power sector to gas suppliers in Nigeria had risen to about $1bn, as efforts were ongoing to finalise the figures and find a comfortable […]

July 13, 2023 10

BUSINESS

IBEDC to upgrade metering system

The Management of Ibadan Electricity Distribution Company has announced an upcoming upgrade for its Standard Transfer Specification prepaid meters to enhance efficiency and align with global standards. The upgrade, known as Token Identification Rollover, aims to ensure the continued seamless operation of prepaid meters while maintaining customer satisfaction. A statement signed by the Managing Director of IBEDC, Kingsley Achife, said the upgrade scheduled to take effect from August 1, 2023, […]

July 13, 2023 124

SPORTS

Onazi joins Hong Kong champions

Nigerian midfielder, Ogenyi Onazi, has joined Hong Kong Premier League side Kitchee FC from Bahrain side, East Riffa, on a free transfer. The details of the deal were, however, not disclosed by the club. The 30-year-old joins the Hong Kong Premier League champions, who have won the league a record 12 times, after a brief spell in Bahrain and Italian Serie D side Casertana FC. In August 2022, the 2013 Africa […]

July 13, 2023 8

SPORTS

2026 W’Cup qualifiers: Eagles may draw Ghana, S’Africa, Angola

The Super Eagles may be drawn against arch-rivals Ghana, South Africa, and Angola in the African qualifiers for the 2026 World Cup. The draw ceremony for the qualifying round of the 2026 World Cup holds in Abidjan, Ivory Coast on Thursday (today) hours after the 45th CAF Ordinary Assembly at the same venue. According to a statement from the Confederation of Africa Football, Africa will employ a single-stage of World Cup […]

July 13, 2023 9

BUSINESS

NLC protests Tinubu’s N500bn subsidy palliative, demands 300% pay rise

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations •N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 […]

July 13, 2023 13

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