" ITREALMS: joint
Showing posts with label joint. Show all posts
Showing posts with label joint. Show all posts

Thursday, June 05, 2025

Landmark: NMDPRA, SEC joint license for JEX market - ITREALMS

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In a landmark collaboration, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Securities and Exchange Commission (SEC) have jointly issued licenses to JEX Market to establish and operate a Gas Clearing House and Settlement Authorization Platform.
This would serve as a commodity exchange platform where natural gas and its derivatives would be traded in Nigeria.

Thursday, October 10, 2024

Joint security forces rescue six media crew - ITREALMS

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A joint security forces have successfully rescued the six members of the media crew who were abducted while travelling from Lagos to Uyo along Isseke-Orlu Road in Ihiala, Anambra State, reports ITREALMS.
The Police Public Relations Officer, Anambra State Police Command, Superintendent of Police (SP) Tochukwu Ikenga, disclosed this on Thursday, October 10, 2024 in Awka, the state capital.

Sunday, March 24, 2024

Undersea cables: Nigeria demands sub-regional protection in West Africa - ITREALMS

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The Federal Government of Nigeria has called for a coordinated and multilateral approach by the West Africa sub-region to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections, reports ITREALMS.
Undersea cables: Nigeria demands sub-regional protection in West Africa - ITREALMS
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, made the call in a statement delivered at the 21st West Africa Telecommunications Regulatory Assembly (WATRA) Annual General Meeting (AGM) which held in Freetown, Sierra Leone, from the 19th to 22nd March 2024.

Wednesday, November 08, 2023

NNPC/Aiteo joint venture launches Nembe crude oil grade - ITREALMS

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The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new oil grade into the international crude oil market.
NNPC/Aiteo joint venture launches Nembe crude oil grade - ITREALMS
A press statement available to ITREALMS by the Chief Corporate Communications Officer, NNPC Ltd. Olufemi O. Soneye, disclosed that the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was revealed at the ongoing Argus European Crude Conference in London, on Tuesday.

Saturday, December 24, 2022

Christmas Rice wahala: NAN mgt re-commits to workers’ welfare, to set up joint c’ttee - ITREALMS

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The Managing Director of the News Agency of Nigeria (NAN), Mr Buki Ponle, has said the management of the Agency is conscious of the reality of the prevailing times and is ever determined to give succour to its members of staff where possible.

PONLE OF NAN
Ponle said this in a statement issued on Saturday in Abuja while reacting to a letter from the Joint Union of the Agency giving the management a seven-day ultimatum to provide rice as Christmas gift for workers, among others.

Saturday, May 14, 2022

Joint Committee: To boost FG revenues in telecoms - ITREALMS

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The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have taken their collaboration a notch further by setting up a Joint Committee of senior and management staff of the two agencies towards the implementation of inter-agency strategies for enhancing national revenues in the telecommunications sector
The NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, inaugurated the 17-member committee on behalf of the Commission’s Executive Vice Chairman, Prof. Umar Danbatta, and the Executive Chairman of the FIRS, Mr. Muhammad Nami, at the NCC’s Board Room in Abuja on Tuesday, May 10, 2022.

Friday, October 13, 2017

VP Osinbajo denies approving NNPC contract, insisting on joint venture financing

The Vice President, Prof. Yemi Osinbajo, SAN has denied approving the controversial NNPC contract, insisting that what was approved at a time was the financing arrangement, reports ITRealms.

Speaking to correspondent in Bonny, Rivers State, Osinbajo, SAN, explained specifically that the approvals he granted to the NNPC while he was Acting President were for financing arrangements for the Joint Ventures between the corporation and IOCs, and not approvals for contracts.

“These were financing loans. Of course, you know what the Joint Ventures are, with the lOCs, like Chevron, that had to procure. In some cases, NNPC and their Joint Venture partners have to secure loans and they need authorisation to secure those loans while the President was away. The law actually provides for those authorisations. So I did grant two of them and those were presidential approvals, but they are specifically for financing joint ventures and they are loans not contracts,” he said.

Senior Special Assistant to the President on Media & Publicity, Office of the Vice President, Mr. Laolu Akande, noted that earlier Thursday, he had tweeted on the same matter thus:
“In response to media inquiries on the NNPC Joint Venture financing arrangements, VP Osinbajo, as Acting President, approved the recommendations after due diligence and adherence to established procedures. This was, of course, necessary to deal with huge backlog of unpaid cash calls which the Buhari administration inherited, and to incentivize much needed fresh investments in the oil and gas sector,” he Akande asserted.

Uboshe Uboshe/GEE

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Thursday, July 14, 2016

AfDB, FMW joint team visits Abia, inspects Federal Roads in Aba

A joint team of experts were in Aba, Abia State from the headquarters of the African Development Bank (AfDB) in Abidjan, led by Mr. Mwila Aeron Katambula, the Bank's Transport Specialist, and a team from the Ministry of Works, for the final lap of talks between Abia State Government and AfDB on some developmental projects of interest to the bank in Abia State, reports ITRealms.

The state Governor, Dr Okezie Ikpeazu, who received the team and another team from the Federal Ministry of Works Abuja that accompanied the AfDB team on Wednesday at the Government House Umuahia, said that Abia State can't wait to see the commencement of reconstruction of some major roads in Aba, especially Port Harcourt road and Ikot Ekpene road, among others.  

"Road infrastructure is very important to us in Aba. Apart from being the commercial nerve Centre of Abia, Aba is the SME Centre of Nigeria. Aba is very important to the economy of both Abia and Nigeria. So, the issue of road infrastructure, waste management and storm water management are the challenges we face in Aba. 

"Abia State does not have the resources to do good work at Port Harcourt and Ikot Ekpene roads. With your visit today, you've renewed our hope that help will come very soon and the roads will be fixed.

"On our part we have tried to do what is required of us in terms of ensuring that the ground work is done to enable AfDB come in." The Governor said. 

Speaking on why they're in Abia, Katambula said: "We are eager to participate in the development of Abia State. Our mission today is a follow up to meeting we had before, we want to ensure that everything is ready because we want to fast track the projects that the bank will take up in Abia."

The AfDB and FMW teams later met with the State's Commissioners for Works, Hon. Eziuche Ubani, and that of Finance, Hon. Obinna Oriaku, and other top state government officials.

After several hours of meetings, the Commissioner for Works, Hon. Ubani led the two teams to Aba, to have on the spot assessment of the two key Federal Roads: Port Harcourt and Ikot Ekpene Roads located in the commercial city. 

The inspection tour offered them the opportunity of first hand information of the level of decay of the roads and the trauma and suffering of the residents and travelers in and around these two key roads.

AfDB is currently doing the technical analysis and studies of the roads before releasing funds for repairs of the roads.

This accounts for why the AfDB team had to come with the FMW team to meet face to face with Governor Ikpeazu and his team in Abia. 

During the visit to Aba, the Commissioner for Works, Hon Ubani told the AfDB and FMW team that the state government "is desperate to fix roads in Abia, and Aba in particular to stimulate economic activities and drive development across the state" 

"So far we've done a good number of roads which fall within the responsibility of the state, but unfortunately, we can't fix federal roads without first agreeing on terms of fixing them with the Federal Government. 

"Unfortunately we don't have the amount of money required to fix these roads, especially Port Harcourt and Ikot Ekpene roads that is why we are delighted to have the AfDB here together with a team from the Federal ministry of works, to see the level of deterioration of these roads."

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Pix: the visiting team on inspection.