NNPC Discovers Oil In Nasarawa, To Commence Drilling In March

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has confirmed the discovery of oil in Nasarawa State and added that official drilling of the first oil well in the State will commence in two months. NNPC added that this is in continuation of the hydrocarbon exploration activities in Nigeria’s inland basins.

NPC Set To Commence Nationwide Census On March 29

The National Population Commission (NPC) has announced it is set to commence the 2023 nationwide population census from March 29 to April 2, 2023, which was disclosed to State House correspondents on Friday by the NPC Chairman, Nasir Kwarra shortly after his meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, he added that the Commission would utilize technology to conduct the exercise.

Customers Protest As New Cash Withdrawal Takes Effect

Following the implementation of the new cash withdrawal limit policy by the Central Bank of Nigeria (CBN) which took place on 9th January 2023, across banks in the nation, some customers have expressed displeasure over the recent development. A bank customer, identified as Sola Adewale, who spoke to our correspondent in Mowe, Ogun State, said, “I personally think putting a limit on how people should spend money they worked for is crazy. N500,000 weekly withdrawal limit may be too much for some people while it is too small for others. This affects some businesses that need a lot of cash. He added, “Putting a limit on cash expenditures won’t reform Nigeria in any way because the people who spend lavishly will still have access to whatever amount of money they need. So at the end of the day, it’s the common man that will suffer the most.”

MOFI: President Buhari Appoints CEO, Board Members

President Muhammadu Buhari has approved the appointment of the Chief Executive Officer (CEO) and Board Members of the newly restructured Ministry of Finance Incorporated (MOFI), which was set up to drive the government’s investment initiatives.  This development was made known on Thursday in a statement issued by Yunusa Abdullahi, the Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.

Zenith Bank notified its customers that it would suspend international transactions such as Automated Teller Machine (ATM) withdrawals, Point of Sale (POS) payments, and web transactions on its naira cards with effect from January 9, 2023. The notification advised customers with international transaction requirements to visit any of the bank’s branches and ask for a “foreign currency debit or prepaid card, which are available in US Dollar, Pounds and Euro variants.”

FEC Approves N2Bn For Local Aircraft Assembly Plant

The Federal Executive Council (FEC) has approved the sum of N2.29 billion for the assembling of Hungarian Magnus light aircraft to be situated at the Nigerian College of Aviation Technology, Zaria, Kaduna State. This was disclosed on Wednesday to State House correspondents by the Minister of Aviation, Hadi Sirika shortly after the Council’s weekly meeting which was presided over by the Vice President, Yemi Osinbajo at the State House, Abuja.

NDDC: FG Inaugurates Governing Board

The Federal Government (FG) inaugurated the governing board of the Niger Delta Development Commission (NDDC) on Wednesday in a ceremony attended by the Secretary to the Government of the Federation (SGF), Boss Mustapha; Minister of Niger Delta Affairs, Chief Umana Okon Umana; amongst others.

FEC Approves NNPC Ltd To Invest Trillions Of Naira In Federal Roads

The Federal Executive Council (FEC) at its meeting presided over by the Vice President, Prof. Yemi Osinbajo on 18th January 2023, at the Presidential Villa, Abuja approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest one trillion nine hundred million naira in the construction of forty-four (44) federal roads under the tax credit policy. This was disclosed by the spokesman of the V.P Laolu Akande, during a brief at the State House correspondent on behalf of the Minister of Works and Housing.

NUPENG Threatens Nationwide Strike Over Acts Of Security Agents

The present ease of fuel scarcity may be temporary as the Tanker Drivers Branch of the National Union of Petroleum and Natural Gas Workers (PTD-NUPENG) has threatened to go on strike over what they tagged illegal activities and imperious acts of security operatives, particularly the Military Task Force operating in the Port Harcourt zone of the Union. This recent development was revealed in the nation's capital on 4th January 2023 by the National Chairman of the PTD-NUPENG, Comrade Lucky Osesua noting that the Military Task Force operating in Rivers State capital burnt two trucks conveying HPFO, also known as black oil on the night of 3rd January as the truck driver was said to be transporting crude oil.