Afreximbank, MDGIF Sign $500m MoU to Develop Nigeria's Gas Infrastructure Fitch: Nigeria, Mozambique to raise Africa’s LNG exports by 174.5% by 2034 NLNG intensifies efforts to reduce methane emissions
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The African Export-Import Bank (Afreximbank) and the Midstream and Downstream
Gas Infrastructure Fund (MDGIF) have signed a $500 million Memorandum of Understanding
(MoU) to promote, develop and improve gas infrastructure in Nigeria.
The deal was signed on the sidelines of the just ended fourth Intra-African Trade Fair
(IATF2025), a statement from the Continued on page 5
Ibas Winds Down Emergency Rule, Urges Rivers People to Unite...
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Monday, Monday, September January15, 6, 2025 Vol Vol 29. 30. NoNo 10865. 11117. Price: N400
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Despite Agitations and Permutations, Tinubu Unlikely to Change Shettima as VP in 2027
Olawale Olaleye
In spite of recent agitations, accompanied by permutations over alleged moves by President Bola Tinubu to drop Vice President
Kashim Shettima as his running mate in 2027, THISDAY, weekend, gathered that the president is unlikely to change his deputy in his bid for re-election. A reliable Villa source, who
dismissed swirling reports about the fate of Shettima as hanging in the balance ahead of the 2027 elections, told THISDAY that the speculations or rumours were unfounded because Tinubu never
had such discussion with anyone. To close his argument, the source, widely known in government circles as a man of few words, said with confidence, “The president will run with
Shettima. You can file it away. Stop worrying about the rumour. He will.” To further establish his argument, the source, who allayed concerns about the place
of the ruling party in the 2027 elections, added, “We (the APC) are winning the next election is all I know. Walahi!” Continued on page 5
Dangote’s Crude Imports Hit 60m Barrels in H1, as Nigeria’s Petrol Bill Swells to N4tn Goods valued at N18tn move through Apapa Port in Q2 At 1.43m bpd, Nigeria's OPEC oil output shrinks to 5-month low in August
Emmanuel Addeh in Abuja
Nigeria's ambition of achieving self-sufficiency in fuel production and fully harnessing the gains of local oil refining continues to hang by a thread, as both the importation of crude oil and refined petroleum products continued to soar concurrently in the first half of this year. The Dangote refinery, once Nigeria's hope of ending all fuel imports, in the first six months of 2025, spanning January to June, imported an estimated 60 million barrels of crude oil from various parts of the world, while Nigeria's fuel importation also hit over N4 trillion during the period. The cost of petrol importation for the period was sourced from Continued on page 5
SERVICE TO MARK IGBINEDION’S BIRTHDAY...
L-R: Edo State Deputy Governor, Dennis Idahosa; Celebrant, Esama of Benin Kingdom, Chief. Gabriel Osawaru Igbinedion; and former Edo State First Lady, Mrs. Ehi Igbinedion, during the early morning service to mark Igbinedion’s birthday in Benin, last Friday
Diamond-rich Botswana Appoints Nigerian as Chairman of Multi-billion-dollar Sovereign Wealth Fund...
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