Geoscientist says renewable energy poses no threat to oil, gas

By Thompson ABISOLA A geoscientist, Johnbosco Uche,  on Thursday allayed fears that renewable energy sources would take the place of oil and gas in the world energy market and called for concerted efforts to grow Nigeria’s oil reserve from 37 billion barrels to 40 billion barrels. He said that the 40 billion barrels reserve target was achievable if exploration activities were intensified beyond known boundaries. Uche noted that the fears that renewables will adversely affect the oil sector was unfounded and challenged the geoscience professionals to widen their scope to…

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N2.5bn payment to Pinnacle justified-NBC

By Giwa SHILE Director-General, National Broadcasting Commission (NBC) Malam Is’haq Kawu Modibbo, says the N2.5 billion paid to Pinnacle communications Ltd, is justifiable. Modibbo stated this in Abuja on Thursday while reacting to a query by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over the payment. Pinnacle Ltd. is the second licensed signal distributor for digital switchover in Nigeria. Modibbo said the White Paper on Digital Switchover (DSO) stipulated that NBC should provide a platform for the second signal distributor because the first signal distributor had facilities all…

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2019: Transport workers, entertainers, CDCs, others pledge support for Sanwo-Olu

By Aliyu DANLADI No fewer than 128 groups and trade associations in Lagos on Thursday pledged support for the All Progressives Congress (APC) Governorship Candidate, Mr Jide Sanwo-Olu for the 2019 elections. The groups and associations endorsed the APC candidate at a gathering in Ikeja. Some of the groups that pledged their support included the National Union of of Road Transport Workers (NURTW), All Farmers Association of Nigeria (AFAN) and Lagos State Council of Tradesmen and Artisans.(LASCOTA). The Lagos State Central Sand and Granite Suppliers Association, Community Development Committees (CDCs)…

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Senate Committee cautions Imo against alleged land encroachment

By  Meletus EZE The Senate Committee on Industries on Thursday cautioned the Imo Government against its alleged encroachment on Federal Government property in the state. The Chairman of the committee, Sen. Sam Egwu, gave the caution in Owerri while inspecting some projects executed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in the state. Egwu claimed that the state government had encroached on part of SMEDAN land in the state. But in a swift reaction, Mr Sam Onwuemedo, denied the allegation of encroachment, saying the land in question belonged…

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Minister tasks stakeholders on addressing challenges facing nation’s education sector

By Olaleke ASHAFA The Minister of Education, Malam Adamu Adamu, on Thursday called on relevant stakeholders to synergise in surmounting the myriads of challenges facing the nation’s education sector. Adamu made the call on Thursday in his key note address at the 32nd Convocation of the Yaba College of Technology, held in Lagos . Speaking through Prof. Anthony Auwuka, the Minister of State for Education, Adamu said that partnership between the private sector and the academic institutions was critical to efforts at addressing the challenges. “There are no challenges in the sector that…

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MPC retains lending rate at 14% for the 14th consecutive time

By Thompson ABISOLA The Monetary Policy Committee (MPC) for the 14th consecutive time, retained the Monetary Policy Rate (MPR) at 14 per cent. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele made this known at a news conference on Thursday, in Abuja on the outcome of the 264th MPC meeting. Emefiele said all 11 members were present at the meeting and they all voted to retain the MPR, which was last changed in July 2016. The  Cash Reserves Ratio ( CRR) remained unchanged at  22.5 per cent, liquidity…

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Customs intercepts 40 containers of tramadol, aircraft, rejects N150m bribe

By Elizabeth ADENUGA The Comptroller-General of the Nigeria Customs Service (NCS), retired Col. Hameed Ali, on Thursday said the Apapa command of the service intercepted 40 × 40ft containers of pharmaceutical products with Duty Paid Value (DPV) of N7.31 billion. Ali disclosed this while addressing newsmen in Lagos on intercepted pharmaceutical products, including tramadol. According to him, the service is able to achieve the feat through vigilance and intelligence gathering within the system as well as information from the National Agency for Foods, Drug Administration and Control (NAFDAC), a strong…

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Statistician-General charges stakeholders on quality statistics in the country

By Giwa SHILE The Statistician-General of the Federation, Dr Yemi Kale, has charged users, producers and suppliers of statistics to re-engineer efforts in production and usage of quality statistics in Nigeria. Kale said this at the 2018 African Statistics Day celebration in Nigeria, with the theme “High Quality Official Statistics to ensure Transparency, Good Governance and Inclusive Development’’ on Monday in Abuja. The statistician-general was represented by Dr Isiaka Olarewaju, the Director, Real Sector and Household Statistics, National Bureau of Statistics (NBS) ”Statistics is the lens through which government can…

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Khashoggi: France imposes sanctions on 18 Saudi citizens

By Aliyu DANLADI France said on Thursday it had imposed sanctions, including travel bans, on 18 Saudi citizens linked to the murder of Saudi journalist Jamal Khashoggi. The foreign ministry announced the sanctions in a statement. The statement also warned that more  punitive actions could follow depending on results of the current investigation. “The murder of Mr Khashoggi is a crime of extreme gravity, which moreover goes against freedom of the press and the most fundamental rights. “France asks that all light be shed on the manner in which such an…

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No act of sabotage in EFCC inferno, says Spokesperson

By Elizabeth ADENUGA The Economic and Financial Crimes Commission (EFCC) has denied any act of sabotage in the fire that gutted its Data Centre and office of the Combined Inter-Agency Task Force. The commission’s acting Head, Media and Publicity, Mr Tony Orilade, made this known in Abuja on Thursday. The commission’s Wuse II Zonal office, Abuja, was on Monday gutted by fire, which it attributed to electrical fault. Orilade said that no documents were destroyed in the inferno, adding that the data centre was the commission’s newsroom, which was like a store. “There were no documents,…

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