Tuesday, June 25, 2024

Video - NEVs, digital economy are key areas for cooperation with China according to foreign minister of Nigeria



During his official visit to China, Nigeria's Foreign Minister Yusuf Maitama Tuggar said that the China-Africa cooperation framework, as represented by the Forum on China-Africa Cooperation and the Belt and Road Initiative, has provided rare development opportunities for a broad range of African countries, including Nigeria, in an exclusive interview with CGTN's China Africa Talk host Bridget Mutambirwa.

CGTN

Related story: Rail projects in Nigeria drive home China's belt and road commitment to African infrastructure development

 

Over 1,800 fuel outlets shut in Nigeria over smuggling dispute

Nearly 2,000 petrol outlets were shut in Nigeria's northeast to protest against an anti-smuggling operation that targeted some operators, the local head of the petroleum marketers association said on Monday, forcing motorists to buy from the black market.

Dahiru Buba, the chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) for Adamawa and Taraba states, said petrol stations stopped operations after the Nigeria Customs Service impounded tanker trucks and shut some fuel outlets on suspicion they were smuggling petrol to neighbouring Cameroon.

Black market fuel vendors in Cameroon, Benin and Togo have for years relied on cheap gasoline smuggled from Nigeria.

When Nigeria scrapped a petrol subsidy last year, that black market trade collapsed, but the product has become cheaper again after Nigeria capped the price since June 2023 despite its currency sharply weakening.

Under "Operation Whirlwind", Customs initially impounded some tanker trucks belonging to IPMAN members and released them after the association protested. But more trucks were seized and several fuel stations were shut, forcing fuel station operators to close outlets en-masse in protest, said Buba.

"We wrote to them (Nigeria Customs) again but there were no responses that is why we decided to go on strike," he said, adding that over 1,800 outlets had ceased to operate.

"This is our business and we cannot be quiet when our members are treated this way."

Mangsi Lazarus, Customs spokesperson for Adamawa and Taraba said tanker trucks were seized because they were being used to smuggle petrol.

In Adamawa capital Yola, black market traders quickly took advantage of the shortages to sell petrol for 1,400 naira ($0.9459) a litre, compared to between 650 and 750 naira at the pump.

By Percy Dabang, Reuters

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Monday, June 24, 2024

Gunmen invade Abuja estate, kill army general

Some armed persons attacked Sunshine Homes estate in the Nigerian capital, Abuja, during which they killed a retired brigadier general, Uwem Udokwere, the police have announced.

Abuja police spokesperson Josephine Adeh said the attack occurred at about 3 a.m. on Saturday.

“In response to the tragic and unprecedented attack at Sunshine homes estate by armed robbers, resulting in the untimely demise of one Brigadier General Uwem Harold Udokwere (rtd.) on June 22, 2024, at approximately 03:00 a.m, the Commissioner of Police, FCT, Benneth Igweh has promptly ordered a thorough and discreet investigation into the circumstances surrounding this regrettable event.

“Expressing profound condolences to the bereaved family, CP Benneth Igweh assures the family and the public of swift justice, with every effort in conduit to ensure the perpetrators of the atrocious act are apprehended and brought to justice,” Ms Adeh, a superintendent of police, wrote.

PREMIUM TIMES reports that Sunshine estate is in the Lokogoma area of Abuja, close to the city centre. It is largely occupied by middle-class people including senior government officials.

The latest incident adds to the concerns about insecurity in the Nigerian capital where there have been cases of kidnappings in different communities.

By Ademola Popoola, Premium Times

Seven dead, 100 kidnapped after attack in northern Nigeria

At least seven people were killed and 100 kidnapped on Saturday night when gunmen attacked a rural community in Nigeria’s northwestern Katsina state, residents and police said on Sunday, in the latest attack against residents in the north of the country.

State police spokesperson Abubakar Aliyu Sadiq confirmed the attack and the seven deaths, but would not say whether anyone was missing. He said police were investigating.

“The remaining men who did not flee are living in fear … and waiting to hear news about their abducted loved ones,” said Muhammad Sani, whose sister was abducted.

Residents said gunmen on motorbikes arrived in Maidabino village in the Danmusa local government area of Katsina, and started shooting sporadically, forcing residents to flee.

Hassan Aliyu told Reuters news agency by phone that the attack took residents by surprise and dozens of women and children were confirmed missing.

“They killed seven people, including burning two children,” Aliyu said. “They spent more than six hours destroying our properties.”

Auwalu Ismail, another resident, said the gunmen first blocked all roads leading to Maidabino before the attack.

“They burned down our shops, vehicles, and took away our livestock. They also kidnapped my wife and more than 100 women and children,” he said.

In recent years, such abductions have been concentrated in Nigeria’s northwest and central regions, where dozens of armed groups often target villagers and travellers for large ransoms.

In March, gunmen attacked a school in the northwestern state of Kaduna and kidnapped dozens of pupils as they were about to start the schoolday, according to local residents and authorities.

Last year, gunmen took more than 80 students in a raid on a school in the northwestern state of Kebbi. 

Al Jazeera

Thursday, June 20, 2024

Nigeria oil licence auction attracts huge interest

Nigeria is expanding the number of oil blocks slated for auction in its 2024 licensing round as well as extending the deadline for ending the exercise amid keen interest in the offer, the oil regulator told Reuters on Thursday.

Nigeria opened a licensing round in April offering a total of 19 onshore and deepwater oil blocks to investors. This has now been expanded to include an additional 17 deep offshore blocks to the 2024 licensing round.

"We have undertaken more exploratory activities and as a result acquired more data to expand the offer and extend the deadline. This has given rise to tremendous interest from investors," Gbenga Komolafe, head of Nigerian Upstream Regulatory Commission (NUPRC) said.

Komolafe said that registration, which had been slated to close on June 25, has been extended by 10 days. Bid submissions would open on July 8 and close on Nov. 29.

The oil regulator is seeking to deepen exploitation of the country's estimated 37.5 billion barrels of crude oil and 209.26 trillion cubic feet of natural gas reserves.

It has tried to sweeten the offer by cutting entry fees called signature bonus from around $200 million per field to $10 million, promised a fair and transparent process and allowed online submissions through its website. Bidders also have the option to lease single units of oil blocks or in clusters.

Nigeria is seeking to halt the flow of investments to African rivals Angola and Namibia by improving the ease of acquiring oil blocks.

Nigeria, a member of the Organization of the Petroleum Exporting Countries (OPEC), has seen its oil production decline from around 2 million barrels a decade ago to just over 1.4 million barrels per day.

Oil majors are leaving onshore fields - prone to sabotage and frequent claims to compensation for spills - to focus on deepwater fields where disruptions are less common. 

By Isaac Anyaogu, Reuters