NUPRC Begins Fresh Oilfields Bid Round, Offers 17 Blocks for Sale Begins due diligence on renaissance group’s bid to acquire SPDC’s $2.4bn oil assets Picks S&P Global, Boston Consulting Group as consultants Komolafe says N4.3tn remitted to FG in 2023
Emmanuel Addeh in Abuja
The Nigerian Upstream Petroleum
Regulatory Commission (NUPRC) yesterday announced that it had begun processes for the 2024 oil
bid round with 12 oil blocks and five deep offshore assets from last year’s bid exercise.
Also, the commission disclosed yesterday that it had started its ‘due diligence’ on Renaissance
Consortium’s planned acquisition of Shell Petroleum Development Company (SDPC) onshore oil assets
for $2.4 billion. Continued on page 9
Tuesday 30 April, 2024 Vol 29. No 10611. Price: N400
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Speculators Worsen Petrol Scarcity Nationwide, Amid Fears of Price Adjustment... Page 27
Ribadu: Social Media is a Local, Global Threat, Now National Security Priority Hints 2019 security strategy under review Declares public engagement must change Terrorist negotiator seeks transfer to Kuje prison
Kingsley Nwezeh and Alex Enumah in Abuja
The National Security Adviser (NSA), Nuhu Ribadu, yesterday, said negative use of the social media
constituted both local and global threats and, as such, presented an immediate national security priority.
Ribadu disclosed that the National Security Strategy (NSS) was last reviewed in 2015, a situation
that gave rise to the launch of the 2019 version, which he said was now under review.
Ribadu spoke in Abuja at a Continued on page 9
Ganduje: No Vacancy in Aso Rock in 2027 Discloses Tinubu battling with previous governments’ policy summersaults Aiyedatiwa receives certificate of return Kano court fixes May 16 to decide on charge service in ex-governor’s graft case Adedayo Akinwale in Abuja and Ahmad Sorondinki in Kano National Chairman of All Progressives Congress (APC), Dr. Abdullahi Ganduje, yesterday, told the opposition parties that there was no vacancy in Aso Rock in 2027, when another general election will be due. Ganduje said the administration of President Bola Tinubu had been contending with accumulation of many years of neglect, policy summersaults and other disjointed decisions by previous administrations. The APC national chairman made the assertions while addressing supporters and some support groups at the national secretariat of the party in Abuja, In another development, the Ondo State governor, Lucky Aiyedatiwa, Continued on page 9
Mission to Riyadh...
L-R: Minister of Finance and Coordinating Minister for the Economy, Mr Olawale Edun; President, African Development Bank, Dr Akinwunmi Adesina; Minister of Budget and Economic Planning, Senator Abubakar Bagudu; and Group Chief Executive, Oando Plc, Mr Wale Tinubu, at the celebration of Islamic Development Bank at 50 on the sidelines of the World Economic Forum in Riyadh, Saudi Arabia ... yesterday
Alake: Nigeria's Mineral Reserves Valued at $750bn... Page 6