latest
Tinubu Administration Courts Foreign Investors For 17 Oil Blocks
Tinubu Administration Courts Foreign Investors For 17 Oil Blocks
The Nigerian government, under the leadership of Chief Executive Gbenga Komolafe of the Nigerian Upstream Regulatory Commission (NUPRC), has initiated efforts to attract global oil sector investors by offering 12 oil blocks and five deep offshore assets for sale.....KINDLY READ THE FULL STORY HERE▶
Speaking at the 2024 Offshore Technology Conference in Houston, United States, Komolafe emphasized the potential of each block to bolster the country’s reserves and stimulate economic growth. He described the proposed sale as a significant step in Nigeria’s strategic hydrocarbons development initiative.
Komolafe assured potential investors of a fair, competitive, and transparent licensing round, with bidding for the 12 oil blocks and five deep offshore assets set to conclude by January 2025. He highlighted that participation guidelines are designed to ensure fairness and strategic partnership, promoting not only economic returns but also technological exchange and capacity building.
The commencement of the 2024 bid round presents a significant opportunity for investors and companies to contribute to the development of Nigeria’s oil and gas sector. The inclusion of both new greenfield blocks and those from previous bid rounds underscores the government’s commitment to maximizing the potential of its petroleum resources.
The offering comprises six acreages on the continental shelf, four deep offshore blocks, and two onshore blocks in the Niger Delta. Komolafe outlined criteria for participation, including the demonstration of technical competence, financial capacity, and viability, with the aim of conducting the licensing round in a fair, competitive, and non-discriminatory manner as stipulated in the Petroleum Industry Act, 2021.
With these initiatives, the Nigerian government aims to attract foreign investment and expertise to drive the exploration and exploitation of its abundant hydrocarbon resources, thereby contributing to the country’s economic development and energy security.
Families searching for relatives missing due to attacks and other incidents in Adamawa State have described the deep anxiety and emotional toll of their experiences, speaking at a gathering in Yola for the International Day of the Disappeared marked on August 30. Gathering under the Missing Persons Families Association, they explained that waking up daily without knowing the fate of their loved ones is draining, balanced between the hope of returns and the despair of confirming deaths. Association Secretary Joshua Audu highlighted that these families face persistent unanswered questions alongside severe economic hardships when the missing relative was the primary breadwinner.....KINDLY READ THE FULL STORY HERE▶
Out of an estimated 500,000 missing people globally, Nigeria accounts for 17,000 cases, with the North-East heavily impacted by insurgency at roughly 14,500 missing individuals—broken down into 9,000 in Borno State, 3,000 in Adamawa, and 2,500 in Yobe. Emeline Montel, the Protection Family Links Team Leader with the Mubi Sub-Delegation of the International Committee of the Red Cross (ICRC), echoed these concerns during the commemoration, noting that ICRC assessments show profound emotional, psychosocial, and economic fallout for affected households. Montel reaffirmed that the ICRC remains in contact with these Adamawa families, utilizing a comprehensive strategy focused on tracing, identifying the deceased, and reuniting survivors with their loved ones.
The Ogun State Government has launched an enforcement clampdown against unauthorized commercial motorcycle transport associations, prohibiting them from unlatching or collecting government-related revenues, taxes, and levies.....KINDLY READ THE FULL STORY HERE▶
Authored by Hon. Kayode Akinmade, Special Adviser on Information and Strategy, the directive explicitly lists ROMO, AMORAN, and ACCOMORAN as the only three legal, state-recognized motorcycle unions permitted to operate across public roads and motor parks. The government flagged parallel groups—including ANACOWA and AKMODE Transport Limited—as unauthorized entities whose illegal fee collections and operations disrupt public order, bypass state regulatory frameworks, and siphon public funds.
Addressing legal arguments raised by some factions, the administration clarified that a Corporate Affairs Commission (CAC) certificate or a March 28, 2023 court judgment by Justice Akinyemi only validates freedom of association; it does not grant commercial operating licenses or authorization to collect state revenues. Security forces, alongside the police, have been instructed to enforce compliance through lawful measures, including arrests, asset seizures, and prosecutions. Members of the public and commercial riders are urged to halt payments to unregistered bodies and cooperate fully with state authorities to restore order to the transportation sector.
latest
HOUSE OF WORSHIP UNDER SIEGE: CAN Fights Back With Urgent Security Ultimatum Following Mass Kidnappings.
Following the kidnapping of Muslim worshippers during Jumu’at prayers in the Borgu Emirate, the Niger State chapter of the Christian Association of Nigeria (CAN) has advocated for a permanent military and security presence in the area.....KINDLY READ THE FULL STORY HERE▶
Speaking on Sunday during a homily at St. Michael Catholic Cathedral Church in Kontagora, state CAN chairman Most Rev. Dr. Bulus Dauwa Yohanna urged security operatives to step up protection around all houses of worship, particularly during peak Friday and Sunday services. His remarks follow the August 21, 2026, raids where bandits abducted an unconfirmed number of worshippers from mosques across Dekara, Kpenya, Sabon-Gida, and Gidan-Zana within Borgu Local Government Area.
Stressing that rural residents in both Borgu and Agwara LGAs deserve to live free from fear, Bishop Yohanna emphasized that an attack on any religious sanctuary threatens the entire community, regardless of faith. Expressing deep solidarity and grief with the affected Muslim families, the CAN leadership mobilized churches across Niger State to dedicate Sunday services to intense prayers for the captives’ safe release. While acknowledging ongoing efforts by the government and security forces, the cleric underscored that resolving the crisis demands a combination of divine intervention and a robust, permanent security infrastructure.
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp