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August 31, 2024 NNPCL Throws Open Bids to Investors to Operate and Manage Kaduna and Warri Refineries

NNPCL Throws Open Bids to Investors to Operate and Manage Kaduna and Warri Refineries

The Nigerian National Petroleum Company Limited (NNPC) has said that it was seeking Operations and Maintenance (O&M) companies to bid for the Warri and Kaduna refineries.

In a public notice on its official X handle, the national oil company which outlined the qualifications of companies interested in bidding for the contracts stated that the move will help ensure reliability and energy security for the country.

As part of the requirements for qualification, the NNPC stated that applicants must present audited accounts for the past four years that is 2020 to 2023 including balance sheet as well as income and cash flow statements.

Bidders are also expected to provide evidence of their company’s latest credit ratings and the name of the rating agency and demonstration of a minimum average annual turnover of at least 2 billion dollars for the financial years ending 2020, 2021, 2022, and 2023 respectively.

According to the NNPC, documents by interested persons should be submitted online through the electronic NIPEX tender portal latest 12 pm on October 10.

August 31, 2024 ASUU Calls for Judicious Use of TETFund Resources by Tertiary Insitutions

ASUU Calls for Judicious Use of TETFund Resources by Tertiary Insitutions

The Academic Staff Union of Universities, ASUU, has called for the judicious use of interventions by the Tertiary Education Trust Fund, TETFund, resources to tertiary institutions to foster development.

ASUU President, Prof EMMANUEL OSODEKE, made this appeal at the inauguration of the TETFund Board of Trustees (BOT) and the Governing Councils in Abuja by the Minister of Education, Prof. TAHIR MAMMAN.

He lamented that the funds are not currently being used effectively; pointing out that many projects on campuses from as far back as 2014 and 2015 remained incomplete.

According to him, TETFund is the only thing sustaining tertiary education in Nigeria, adding that the country’s educational system was in a dire state and required transformation.

August 31, 2024 Police Invite Ajaero Again

Police Invite Ajaero Again

The Nigerian Police Force has again summoned the President of the Nigeria Labour Congress, NLC, JOE AJAERO, and the General Secretary, EMMA UGBOAJA, to appear at the Force Headquarters on September 5, 2024.

The new invitation is coming barely 24 hours after AJAERO honoured the Police’s invitation over alleged criminal conspiracy, terrorism financing, treasonable felony, subversion and cybercrime.

This time around, the police invited the NLC President and the General Secretary to answer questions over alleged criminal intimidation, conducts likely to cause breach of public peace, and malicious damage to properties.

August 30, 2024 Federal Government Grants Approval to Crypto Operators

Federal Government Grants Approval to Crypto Operators

The federal government has officially granted operational approvals to several crypto operators, indicating official acceptance of the digital currency.

On Thursday, the Securities and Exchange Commission (SEC), announced that it has granted two Digital Assets Exchanges approval-in-principle to commence operation under its Accelerated Regulatory Incubation Programme (ARIP) and also admitted four firms to test their models and technology under its regulatory incubation programme.

The firms include Busha Digital Limited, Quidax Technologies Limited, Trovotech Ltd, Wrapped CBDC Ltd, HousingExhange.NG Ltd, Dream City Capital, and Blockvault Custodian Ltd.

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