Saturday, October 24Reporting with Care

Author: Rareview

MACOBARB ACCUSES NIGERIA LNG OF N5 BILLION DEBTS IN COURTROOM SHOWDOWN, TENDERS 37 DOCUMENTS TO SUPPORT CLAIM

MACOBARB ACCUSES NIGERIA LNG OF N5 BILLION DEBTS IN COURTROOM SHOWDOWN, TENDERS 37 DOCUMENTS TO SUPPORT CLAIM

News
By Els William Shedrack Ogboru, Managing Director of Macobarb International Ltd, presented 37 documents to support a claim that Nigeria LNG (NLNG) owes his firm N5.074 billion. Key documents included a letter from NLNG’s General Counsel, Akachukwu Nwokedi, which stated that the contract had no “standby payment” provisions, a claim Macobarb disputes, citing contract terms they believe support “stand-down payments.” A forensic auditor testified to back Macobarb’s position. Macobarb argues NLNG’s refusal to honor contract terms has left their equipment immobilized on-site, adding to NLNG’s liability. They allege partial payment for work, claiming N38 million was due, but only N33 million was paid. NLNG’s legal team, led by Prof. Bayo Adaralegbe, began cross-examination, questioning Ogbo...
DONALD TRUMP CELEBRATES ‘GREATEST POLITICAL COMEBACK’, VOWS TO MAKE AMERICA GREAT AGAIN – AGAIN

DONALD TRUMP CELEBRATES ‘GREATEST POLITICAL COMEBACK’, VOWS TO MAKE AMERICA GREAT AGAIN – AGAIN

News
By Ali Elias In a powerful and electrifying address, President Donald Trump celebrated an unprecedented political triumph, vowing to lead America into a "golden age" of strength, prosperity, and unity. Amidst roaring cheers, he pledged to honor the mandate given by millions, promising relentless dedication to every citizen, every family, and the nation's future. His full victory address reads: Thank you very much, well, I want to thank you all very much, this is great, these are our friends, we have thousands of friends in this incredible movement. This was a movement like no one has ever seen before. And frankly this was I believe the greatest political movement of all time, there’s never been anything like this in this country and maybe the earth. And now it is going to reach a ...
OIL MARKETERS WARN AGAINST DANGOTE’S ALLEGED MONOPOLY BID, CALL FOR DISMISSAL OF COURT SUIT

OIL MARKETERS WARN AGAINST DANGOTE’S ALLEGED MONOPOLY BID, CALL FOR DISMISSAL OF COURT SUIT

Energy
Photo credit: Realnews By Ono Yima Three oil marketers have requested that the Federal High Court in Abuja dismiss a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals, arguing that granting the refinery’s claims would harm Nigeria’s oil sector. In a counter affidavit (FHC/ABJ/CS/1324/2024) submitted to Justice Inyang Ekwo, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited warned that Dangote’s push to monopolize the industry is “a recipe for disaster,” and would increase fuel prices, strain the economy, and endanger energy security. The case originates from a suit by Dangote Refinery against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian National Petroleum Corporation Limited (NNPCL), among others, ...
TRUMP SECURES OVER 270 VOTES TO WIN U.S. PRESIDENTIAL ELECTION

TRUMP SECURES OVER 270 VOTES TO WIN U.S. PRESIDENTIAL ELECTION

News
DONALD Trump, 78, recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency. Edison Research projected, following a campaign of dark rhetoric that deepened the polarisation in the country. Trump was elected president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad. The former president’s victory in the swing state of Wisconsin pushed him over the threshold. “America has given us an unprecedented and powerful mandate,” Trump said early on Wednesday to a roaring crowd of supporters at the Palm Beach County Convention Centre in Florida. Trump’s political career had appea...
INCREASED CRUDE OIL PRODUCTION: NCDMB ADVOCATES ANNUAL FID WEEK

INCREASED CRUDE OIL PRODUCTION: NCDMB ADVOCATES ANNUAL FID WEEK

Energy
By PR As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects.  The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made the proposal on Tuesday in his presentation at the 2024 African Energy Week (AEW), holding at Cape Town, South Africa.    A final investment decision is the final point in an energy project, in which the company or partners owning and operating a project give the final approval for the development, releasing th...
ES NCDMB, LAGOS GOV COMMISSION BELL OIL AND GAS’ PIPE THREADING AND VALVE ASSEMBLY PLANT

ES NCDMB, LAGOS GOV COMMISSION BELL OIL AND GAS’ PIPE THREADING AND VALVE ASSEMBLY PLANT

Energy
By PR A multi-million dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at Lekki Free Zone, Lagos State by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and the Governor of Lagos State, Mr. Babajide Sanwo-Olu. Speaking at the event, the Executive Secretary hailed Bell Oil & Gas for its foresight and commitment to enhancing Nigeria’s oil and gas sector, noting that the company had invested in a key infrastructure that will meet a growing demand in the industry. He stated that Bell Oil & Gas’ areas of operations,&nb...
IF YOU’RE BORN ON A PLANE, WHAT’S YOUR NATIONALITY?

IF YOU’RE BORN ON A PLANE, WHAT’S YOUR NATIONALITY?

Health
Determining nationality in this situation isn’t as straightforward as one might think. Since planes travel over different countries and cross many borders, it can be tricky to decide if the baby belongs to the country where the plane took off, the country it’s flying over, or even the country where it lands. Different countries have different rules for assigning nationality, and not all of them apply the same way when a birth happens on an aeroplane. Let’s break it down. The basics of nationality for babies born on planes When a baby is born on the ground, their nationality is usually decided based on where they’re born or their parents’ citizenship. But in the sky, things aren’t so simple. Here are the main ways a baby’s nationality might be determined if they’re born on a pla...
NNPC LTD LAUNCHES FREE CANCER SCREENING CAMPAIGN, TARGETS 3,000 NIGERIANS

NNPC LTD LAUNCHES FREE CANCER SCREENING CAMPAIGN, TARGETS 3,000 NIGERIANS

Health
BY PR The Nigerian National Petroleum Company Ltd (NNPC Ltd) through NNPC Foundation, its Corporate Social Responsibility (CSR) arm, is set to launch a free cancer screening campaign to address Nigeria's rising cancer cases The campaign tagged “Cancer Awareness and ZSX Screening” will provide, not just free cancer screening to indigent Nigerians, but also health education, workshops, and consultations with healthcare professionals aimed at empowering individuals to recognize early symptoms, adopt preventive health measures, and better understand the importance of regular screenings.  The campaign which will be organised in collaboration with local health authorities and expert healthcare providers is targeted at reaching about 3,000 individuals across the six geo-political zo...
NIGERIA MOVING CLOSER TO BECOMING NET EXPORTER OF PETROLEUM PRODUCTS WITH NMDPRA ISSUING NINE MODULAR REFINERY LICENSES

NIGERIA MOVING CLOSER TO BECOMING NET EXPORTER OF PETROLEUM PRODUCTS WITH NMDPRA ISSUING NINE MODULAR REFINERY LICENSES

Energy
The Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has issued nine licences for modular refineries, according to NMDPRA Chief Executive Farouk Ahmed. Speaking at the 2024 Oil Trading & Logistics Africa Downstream Energy Week in Lagos, Ahmed highlighted that these licences, granted under President Bola Tinubu's administration, reflect Nigeria's increasing refining capacity, further boosted by the recent start-up of the Dangote refinery. Ahmed detailed the licences issued over the past year: nine to establish, seven to construct, and four to operate modular refineries. “Our refinery sector has been expanding rapidly with these licences,” he said, adding that the NMDPRA has streamlined regulations through stakeholder engagement to...
NCDMB TO UNVEIL NEW CONTRACTING GUIDELINES IN LINE WITH THE PRESIDENTIAL DIRECTIVES TO BOOST NIGERIA’S OIL SECTOR

NCDMB TO UNVEIL NEW CONTRACTING GUIDELINES IN LINE WITH THE PRESIDENTIAL DIRECTIVES TO BOOST NIGERIA’S OIL SECTOR

Energy
By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) is on the cusp of launching new Contracting Cycle Guidelines aimed at boosting Nigeria’s oil and gas sector by accelerating contract timelines, spurring investments, and enhancing local content, in line with directives issued by President Bola Tinubu in March 2024. This announcement, coming through a Press Release, , follows a recent sensitization workshop in Lagos, underscores NCDMB’s commitment to refining operational processes to meet national content goals. The new guidelines will be formally unveiled at the Practical Nigerian Content Workshop scheduled for early December. The Press Release titled,” Presidential Directives: NCDMB To Launch New Contracting Cycle Guidelines, Holds Sensitization W/shops”, ...
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