Author: meridianspy

The Federal Government  announced its readiness to establish Nigeria as the third-largest terrestrial fibre-optic infrastructure nation in Africa, with the proposed installation spanning 90,000 km. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave this assurance at the Fibre Forward Strategic Development Workshop. The event was organised by the Federal Ministry of Communications, Digital Economy and Information Technology. A statement signed by the Director, of Information and Public Relations, Mohammed Manga on Wednesday, said the Workshop marked a significant milestone in Nigeria’s journey towards revolutionizing connectivity through a $2bn Special Purpose Vehicle initiative. “The project…

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has said there were no dirty fuels, especially diesel being imported into the country, saying that all imports meet current specifications. Speaking yesterday after a meeting with the oil marketers and local refineries operators in Abuja, the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, Ogbugo Ukoha, insisted that the NMDPRA takes the issue of regulatory compliance very seriously. Some of those present at the meeting were: The Executive Vice President, Downstream of the Nigerian National Petroleum Company Limited (NNPC), Dapo Segun; the Group Managing Director of Rain Oil Limited, Dr…

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Why we’re Striking Balance Between Sustaining Fossil Fuels and Going Green – Tinubu President Bola Tinubu has said  Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. Speaking at a meeting on Monday in Abuja with the Group Chief Executive of Standard Chartered Bank, Mr. Bill Winters, the President called for a just energy transition that supports vulnerable communities across the nation. Highlighting the importance of balancing the mutually beneficial shift to green industrial growth and energy…

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The Standard Chartered Bank has indicated interest to finance key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, Port Harcourt-Maiduguri rail line rehabilitation, as well as the provision of $3 billion in innovative financing for the Nigeria Liquefied Natural Gas (NLNG) dividend initiative. The Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, made the disclosure on Monday when he led the Group Chief Executive of the Bank, Mr Bill Winters, to the State House, Abuja, to meet President Bola Tinubu. He described Standard Chartered Bank as a valued partner to Nigeria, providing finance for…

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The Federal Capital Territory (FCT) police command, on Monday, paraded killers of General Uwem Udukwere (rtd) in Abuja. It was earlier reported how the retired army general was killed by suspected armed robbers who invaded his private residence at Sunshine Estate, Abuja, in the wee hours of Saturday. The police commissioner in the FCT, CP Benneth Igweh, while parading the suspects at the command in Abuja, said two among the robbers who are now at large escaped with the deceased’s pistol. He gave the names of the suspects as Ibrahim Rabiu, Nafiu Jamil, Aliyu Abdullahi and Mohammed Nuhu, who are…

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President Bola Tinubu has appointed Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who disclosed this in a statement on Monday, noted that the appointment is pending confirmation by the Senate. He said that the President expects that the new Chief Executive Officer of this important agency will ensure the holistic realization of the Commission’s mandate of protecting and promoting the interest and welfare of Nigerian consumers and ensuring the adoption of measures to guarantee the safety…

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