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Ossiomo Power in Edo, FG sign agreement on power supply

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Ossiomo Power, the Edo State Government’s Public Private Partnership (PPP) initiative, has signed an agreement to supply electricity to the Benin Owena River Basin Authority’s facilities.

Dr. Uwa Igiehon, Managing Director of Ossiomo Power, told journalists that the development was yet another milestone for the government-backed power initiative.

Read Also:  They sent gunmen to pursue me – Mummy G.O

“The Benin Owena River Basin Authority, a Federal Government agency, had been cut off from the National Grid for nearly four years,” he claimed. For that long, the community where it is located had been without electricity.

“However, when we finished our new 40MW plant, we were able to supply electricity to the communities of Obayantor and Ologbo, as well as the Benin Industrial and Enterprise Park.” We reached an agreement to connect the Benin Owena River Basin Authority to our plant because they are located in the same area.”

He explained that the power supply agreement would provide power to the federal government-owned institution’s facilities, allowing it to fulfil its mission.

Read Also:  Oil defies forecasted surpluses in 2022, continue bullish run despite fading virus fears

According to Igiehon, the company has an embedded power licence as well as a willing-buyer, willing-seller licence, allowing it to sell electricity generated at its plant to companies and individuals willing to pay for power in its coverage area.

Mr. Godwin Obaseki, the governor of Edo State, was thanked for instituting proactive policies in the state’s electricity sector to facilitate the company’s investment in power generation.

Oil defies forecasted surpluses in 2022, continue bullish run despite fading virus fears

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Despite the fact that it is still early in the year, oil prices have started 2022 on a positive note, defying experts’ predictions of a ballooning surplus and exceeding $80 per barrel over the weekend.

Despite closing lower by 0.7 percent on Friday, West Texas Intermediate crude in New York gained 5% during the week, selling at around $80 per barrel, while Brent, Nigeria’s benchmark oil, sold for around $82 per barrel.

This comes as global demand ignores the Omicron coronavirus variant, despite a slew of supply constraints affecting producers from Canada to Russia.

The commodity is threatening to exacerbate the inflationary pain felt by major consumers, with investment banks calling for higher prices and options contracts invoking the prospect of crude spiralling above $100.

Read Also:  Government holds an interdenominational service to commemorate Armed Forces Remembrance Day

However, the rally was bad news for fuel-hungry countries like Nigeria, as the Nigerian National Petroleum Corporation (NNPC) now has to pay more in petrol subsidies, which has a negative impact on the federation account.

Nigeria, a key OPEC member, has also struggled to meet its oil allocation from the producers’ group, with flows of the once-vital export grade Bonny Light now moving slowly.

Nigeria is currently pumping around 1.35 million barrels per day, the lowest level in years.

Similarly, Libya, which produced more than one million barrels per day per month last year, is now producing about a quarter of that amount.

Only two countries in the world – Saudi Arabia and the United Arab Emirates – can pump more today than they did in January 2020, before the pandemic really hit demand, according to Goldman Sachs Group’s head of global research.

“The oil market could tighten in the next three to six months as a result,” he said.

Morgan Stanley estimates that observable stockpiles fell by about 690 million barrels last year, with Brent expected to reach $90 per barrel by the third quarter.

“We believe there is more strength ahead,” the bank’s analysts said.

“The oil market appears to be heading for a period with little margin of safety,” he added, “with the prospect of low inventories and spare capacity by the second half, further demand recovery into 2023, and still limited investments being made.”

Rising prices would be a major setback for US President Joe Biden, who spent a great deal of time and effort orchestrating a global release of strategic petroleum reserves, according to Bloomberg.

Read Also:  Nkire cautions APC on choice of chairman

Mr Michael Tran, a commodities strategist at RBC Capital Markets, said, “The bullish sentiment has regained the narrative.”

“With improving demand, tightening inventories, and doubts about OPEC’s ability to ramp up even more, the directional arrows of progress point to even more optimism,” he added.

Oil price fluctuations are felt more acutely and quickly than those of any other commodity because they are immediately reflected in the cost of end-products such as gasoline, diesel, and jet fuel.

While Nigerians wait with bated breath for the planned removal of subsidies in the New Year, riots erupted in Kazakhstan earlier this month after the government allowed the price of liquefied petroleum gas, a key road fuel, to skyrocket.

As countries recover from the Covid-19 pandemic, central banks will keep a close eye on prices in order to keep inflation under control while also encouraging economic growth.

In terms of petroleum demand, the Organization of Petroleum Exporting Countries (OPEC) and its producer-nation allies have expressed confidence that the virus will not derail the recovery, and that they will stick to their plan of gradually restoring output that had been halted during the pandemic.

While the company still believes markets are on the verge of oversupply, its forecasts for this quarter have become less pessimistic as supply growth from competitors disappoints.

In the first quarter, the alliance expects an excess of 1.4 million barrels per day, which is 25% lower than its forecast a month ago. Global consumption is expected to rebound by 4.2 million barrels per day this year, with demand exceeding 100 million barrels per day by June.

Read Also:  FG issues Lassa fever alert: the death toll has risen to 102, with a total of 4,632 cases

However, a deep freeze in Canada and the northern United States is disrupting oil flows, driving up prices even as American stockpiles fall, despite Russia’s failure to increase oil output last month despite a generous OPEC+ quota increase.

Along with headline prices, the oil forward curve has shifted to the bullish side, with more-immediate contracts commanding higher premiums than later months, indicating that buyers are willing to pay more to secure barrels sooner.

Government holds an interdenominational service to commemorate Armed Forces Remembrance Day

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As part of activities to commemorate Armed Forces Remembrance Day on January 15, the Federal Government held an interdenominational church service in Abuja, the nation’s capital.

It was held at the National Christian Centre in Abuja, and it was attended by Boss Mustapha, Secretary to the Government of the Federation; General Lucky Irabor, Chief of Defence Staff; and other service chiefs.

Special envoys, including representatives of foreign military organisations and families of the nation’s fallen heroes, were also present.

The annual commemoration honours fallen heroes who gave their lives in the service of humanity during the First and Second World Wars, the Nigerian Civil War, peacekeeping missions, and various internal security operations.

Read also: Enraged teenagers set fire to a truck after 2 people were killed in an accident in Edo

Nkire cautions APC on choice of chairman

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Nkire, in a statement released yesterday in Abuja, urged the APC to get its house in order in order to avoid losing the 2023 election to the opposition.

“Our choice for APC national chairman at the upcoming national convention will make or break our chances of returning to power in 2023.” The APC’s chairman for the 2023 election must be a man or woman who is well-known across the country, a strategist, a fighter, and a winner. Our opponents, the PDP, played the joker when they chose Senator Ayu as their National Chairman; now it’s up to us to play the joker.”
Nkire quoted President Muhammadu Buhari as saying that if the ruling party does not get its act together and choose the right man or woman for the job, it will lose to the opposition PDP.

Read also: They sent gunmen to pursue me – Mummy G.O

Olubadan: God used the late monarch to do great things in Nigeria

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Chief Emmanuel Iwuanyawu, Chairman of the Ohanaeze Ndigbo Council of Elders worldwide, has lauded the late monarch, His Royal Majesty Saliu Adetunji, the Olubadan of Ibadan Land, for his contributions to the country.

In a statement released over the weekend, Chief Iwuanyanwu, who is also the Balogun Babaguwa of Ibadan Land, said that God used the late monarch to do great things in Ibadan Land, Yoruba Land, and Nigeria in general.

According to the billionaire, “Although he died at the relatively young age of 93, we will never forget his life and times.

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“He was used by God Almighty to accomplish great things in Ibadan, Yoruba Land, and Nigeria in general.

He embodied the ideals of peace, love, and progress.

Without a doubt, we will miss him greatly.

“On behalf of myself, the entire Iwuanyanwu family, and indeed the Ohanaeze Ndigbo Council of Elders, I would like to express our heartfelt condolences to the people of Ibadan Land, the Government of Oyo State, and the Yoruba Traditional Institution on the passing of an amazing Monarch.”

FG issues Lassa fever alert: the death toll has risen to 102, with a total of 4,632 cases

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The Nigeria Centre for Disease Control issued a new alert on Sunday, stating that the number of Lassa fever cases had risen to 4,632 and that 102 deaths had been recoded.

The centre, in a recent advisory made available to one of our Abuja correspondents, warned Nigerians about the risk of Lassa fever, which can cause fever, headache, sore throat, general body weakness, cough, and other malaria-like symptoms.

The NCDC, for its part, said it had sent letters to states warning about the dangers of Lassa fever and the symptoms to look out for.

The number of recurring cases has increased since the last outbreak of the disease in 2016, according to the NCDC. During the peak of the pandemic, 796 cases were reported in 2019, while 1,165 cases were confirmed in 2020, according to the centre.

“Lassa fever initially presents like any other febrile disease such as malaria,” the NCDC said in its most recent advisory and situation report. Fever, headache, sore throat, general body weakness, cough, nausea, vomiting, diarrhoea, muscle pains, chest pain, and unexplained bleeding from the ears, eyes, nose, mouth, and other body openings are some of the symptoms.

“Healthcare workers should keep a high index of suspicion for Lassa fever at all times.” Any illness that does not improve after 48 hours of anti-malaria or antibiotic treatment should be suspected of being Lassa fever.

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“It takes 6 to 21 days from the time of infection to the onset of disease symptoms.” Early detection and treatment improve survival chances.”

According to the NCDC, Ondo had the highest number of deaths with 47, followed by Edo with 15, Bauchi with 12, Taraba with 12, Ebonyi with 9, Kaduna with 4, Enugu with 1, and Nasarawa with two deaths.

The number of cases and states are as follows: “Edo 2,725; Ondo 1,006; Bauchi 164; Ebonyi 143; Nassarawa 79; Taraba 72; FCT 59; Kaduna 53; Delta 50; Plateau 42; Benue 34; Kano 24,” according to the NCDC. Gombe has 22 points, Kogi has 17, Lagos has 16, Borno has 15, and Enugu has 14.

Jigawa 12, Abia 11, Anambra 10, Rivers 10, Imo 9, Adamawa 8, Kwara 4, Yobe 4, Oyo 4, Cross River 4, Bayelsa 3, Sokoto 3, Ekiti 3, Ogun 3, Osun 3, Katsina 2, Kebbi 2, Niger 1, Zamfara 1.

“Confirmed cases are being treated at identified treatment centres across the country,” the NCDC said. “A Lassa fever alert letter has been sent to states, and a response team has been deployed to three states.”

“The five Lassa fever molecular laboratories in the NCDC network are working at full capacity to ensure that all samples are tested and results are provided within the shortest turn around time,” according to the NCDC.

NPHCDA warns that Nigerian children aged 0 to 59 months are at immediate risk of contracting polio.

Following the recent outbreak of the Circulating Vaccine Derived Polio Virus in Nigeria, the National Primary Healthcare Development Agency has issued a warning that all Nigerian children aged 0-59 months are at immediate risk of contracting the polio virus.

Within a week, 68 cases of the CVDPV2 were reported in Lagos, Kebbi, the Federal Capital Territory, Sokoto, Kaduna, Niger, Ekiti, and Kwara states.

Nigeria was certified wild polio virus free by the World Health Organization Independent Africa Regional Certification Commission for polio eradication in August 2020, according to the PUNCH.

Nigeria was Africa’s last polio-endemic country, and it was declared polio-free three years after the last case was discovered.

“Another type of poliovirus known as Circulating Vaccine-Derived Polio Virus is still causing polio outbreaks in Nigeria,” according to the NPHCDA.

Only 18 cases of the CVDPV were reported in 2019, and only 8 cases will be reported in 2020, according to the agency.

“cVDPV occurs when a weakened strain of the poliovirus contained in the oral polio vaccine circulates among the under-immunized population for a long time,” according to the CDC. cVDPV outbreaks are halted by employing the same strategies that led to progress against WPV polio, such as ensuring that every child receives an oral polio vaccine as part of a high-quality immunisation campaign.

“nOPV2 is an improved oral polio vaccine that has been proven effective and safe in eradicating wild polio virus from Nigeria.”

Six states reported 68 cases of the new strain between December 21 and December 28, 2021, according to the most recent data obtained by our correspondent. “64 cases of circulating vaccine-derived poliovirus type 2 were reported in the past week,” according to a report compiled by the Ministry of Health, the WHO, UNICEF, and GAVI.

35 in Kebbi, eight in Sokoto, six in Kaduna and Nasarawa, four in Kwara, two in the Federal Capital Territory, and one each in Niger, Ekiti, and Lagos. In 2021, there will be 385 cases.

They sent gunmen to pursue me – Mummy G.O

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Evangelist Funmilayo Adebayo, also known as Mummy G.O, the founder of the Rapture Proclaimer Evangelical Church of God, has stated that those behind the trending hellfire memes are simply following trends.

She claims that there is too much stress in Nigeria, so people just follow the latest trends to laugh.

“90% of those making memes don’t know me,” Mummy GO said in an interview with BBC Pidgin. They’re simply flexing their muscles on social media to keep up with the trend. They have no idea why the trend is happening. Because there is so much stress in Nigeria, people are easily swayed by anything that makes them laugh. They have no idea that those who started the trend did so with the intention of causing a scandal. Some people didn’t even realize I existed; they assumed it was all a joke. They are not my adversaries; they do not despise me, and I do not despise them.”

She also revealed that she has received threats from people who claim that her messages are driving their members away from their churches and toward hers.

“They’ve been at it for about eight years,” she claims, “and have only recently decided to use social media to disgrace her.”

“The people who started the trend have been working on it for more than eight years. They make use of magazines on occasion. They sent gunmen after me when that didn’t work.”

“They say that many of our members have heard your message and have left our church.” We’ll kill you if you don’t stop.

Read also: Soldiers return to Ondo prison after 3 days away

“I thought it was just a threat until we started seeing gunmen chasing us down the street, coming to our church to threaten us, and so on,” she continued.

Enraged teenagers set fire to a truck after 2 people were killed in an accident in Edo

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According to reports, the collision involved a Toyota Bus and a stopped Ford Truck.
The truck loaded with drinks was set ablaze by enraged youths who surrounded the accident scene.

According to a witness, the bus driver was driving at top speed when he slammed into a stationary truck, killing two people on the spot.
According to him, the accident caused traffic congestion on the already congested highway for several hours, forcing motorists to seek alternate routes.

When contacted, Henry Benamaisia, Edo State Sector Commander of the Federal Road Safety Corps, confirmed the accident and warned drivers against speeding, dangerous driving, indiscriminate parking, and other traffic violations.
He urged drivers in the state to practice safe driving habits and maintain discipline while on the road.
Benamaisia reassured motorists that the Corps is working hard to keep road accidents to a bare minimum.
He cautioned the public, however, against taking laws into their own hands.

Read also: Soldiers return to Ondo prison after 3 days away

Soldiers return to Ondo prison after 3 days away

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After three days away, Nigerian Army personnel have returned to Correctional Centers across Ondo State.

Governor Oluwarotimi Akeredolu announced the soldiers’ return on Saturday night.

On Wednesday, Akeredolu raised the alarm over the soldiers’ actions, expressing concerns that the move could encourage jailbreak.
The Nigerian Army has allowed good reasoning to prevail in the interest of the people, according to the Governor, who described the return as a welcome development.

“A federal facility like the Correctional Centre should not have been left without security for any reason,” Akeredolu said. The soldiers’ return to the facilities, on the other hand, is a positive development.

“The Federal Government owns both the Nigerian Army and the Correctional Centres. Continuous synergy is required. We will also continue to do our best to provide assistance when it is required,” he added.

Read also: Anambra Airport receives over 3,000 passengers in a single month

Anambra Airport receives over 3,000 passengers in a single month

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After one month of operation, the newly opened Anambra Cargo Airport has recorded 142 flights with 3,865 passengers arriving and departing.

Last December, the airport began offering commercial services.

Mr Marcel Ifejiofor, the Anambra Commissioner for Works, revealed the information in a Sunday interview with the News Agency of Nigeria (NAN) in Umueri, near Awka, where the airport is located.

Although the airport’s flight and passenger numbers exceeded expectations when compared to its peers, he noted that if more airlines used the airport, the numbers would have been even higher.

Only Air Peace and United Nigeria Airlines are currently landing and taking off at the Anambra Airport.

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Ifejiofor, who is also the chairman of the Anambra State Airport Project Committee, said the airport helped to reduce passenger traffic during the holiday season.
Passengers who would have flown into Asaba and Enugu airports instead landed at the Anambra airport, he said.

“Anambra Airport is a hub; you can go anywhere in Nigeria from Anambra State.” In terms of activities that will take place here, we are only scratching the surface.”

Mr Martin Nwafor, the Managing Director of the Anambra Airport Management Authority, also spoke, saying that the airport’s service quality had continued to improve.

All aviation regulatory agencies, including the Nigerian Civil Aviation Authority, the Nigerian Meteorological Agency, and the Federal Airports Authority of Nigeria, among others, are now based at the airport, according to Nwafor.

He claimed that there had been no problems since the airport’s opening and that the management was ready to deal with problems as they arose.

Workers dispatched to the airport, according to Nwafor, were trained and given adequate orientation on how to perform their duties.