Boost for Nigeria as NNPC, Chevron Make 17,000bpd New Oil Find in N’Delta Emmanuel Addeh in Abuja, Sylvester Idowu in Warri and Peter Uzoho in Lagos
Nigeria's aspiration to rake in
additional foreign exchange inflow has received a boost, with Chevron Nigeria Limited (CNL) announcing yesterday that it had discovered a 17,000 barrels per day new oil
well in the Niger Delta. Chevron disclosed that the oil asset, Meji NW-1 spud in Petroleum Mining Lease (PML) 49, is co-owned by state-owned
Nigerian National Petroleum Company Limited (NNPC). The US company, in a statement quoted by S&P Global Commodity Insights, described the find as a
“near-field discovery," noting that the block is located in the shallow offshore area of the Western Niger Delta. The spud reached a depth of
8,983 feet and encountered 690 feet of hydrocarbons within Miocene sands, effectively extending the
Continued on page 5
Peter Obi: President, Vice Out of Country Not Sign of Serious Govt...
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Obi of Onitsha Tells Tinubu to Convoke Security, Economic Summit...
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At Gowon's 90th Birthday Lecture, Adesina Calls for Nigeria's Renaissance Tinubu, Obasanjo, Babangida, Jonathan, Buhari, others pour encomium on former Head of State
Olawale Ajimotokan, Deji Elumoye, Chucks Okocha in Abuja, Seriki Adinoyi in Jos and Nume Ekeghe in Lagos
President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, yesterday, called for Nigeria's reawakening as the economic hope of Africa and the
black world, lamenting that the country was not where she should be after 64 years of nationhood. Adesina in his keynote remarks during a public lecture organised to
mark the 90th birthday of former Head of State, General Yakubu Gowon, began by praising the elder statesman, describing him as a leader to be emulated and praising his
contributions towards promoting a united Nigeria. He demanded attitudinal change in his keynote address at the ECOWAS secretariat, Abuja.
Adesina's speech titled, "History Beckons on Nigeria, We Can't Disappoint," was delivered in Continued on page 5
Despite N2.67tn Allocation to LGs in 9 Months, Poor Infrastructure, Poverty Still Dot Grassroots Kayode Tokede and Sunday Ehigiator Despite receiving an estimated N2.67 trillion from the Federation Account Allocation Committee (FAAC) in the first nine months of 2024, the Local Governments (LGs) in Nigeria, the third tier of government are still facing, inadequate infrastructure, poverty, and unemployment and fragmented developmental planning, among other challenges. Data compiled by THISDAY from the FAAC allocations to the three tiers of government between January and September 2024, showed that the federal government and states were allocated N3.505 trillion and N3.672 trillion, respectively, while the local government areas got a total of N2.672 trillion. This brings the total amount shared by the three tiers of government in the review period to N9.849 trillion. However, Continued on page 5
CELEBRATING GENERAL YAKUBU GOWON@90…
L-R: Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar; wife of the celebrant, Mrs. Victoria Gowon; former Head of State, General Yakubu Gowon (rtd); Secretary to the Government of the Federation, Senator George Akume and President of the African Development Bank, Dr. Akinwumi Adesina, at a public lecture in commemoration of the 90th birthday of General Gowon in Abuja…yesterday
Group Seeks NASS Intervention over Diversion of Lagos-Calabar Coastal Road to Okun Ajah...
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Kaper Jesse Legacy (2024) by Fred Ebami. Courtesy of Galerie MAM
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