Buhari

As the Muhammadu Buhari eight-year reign ends on 29 May, Nigerians continue to reflect on the various challenges faced in the petroleum sector and how it affected their livelihood. During the electioneering period in 2015, Mr Buhari and his party, the All Progressives Congress (APC), criticised the incumbent government of Goodluck Jonathan for failing to solve the country’s unending petroleum sector crises. At the time, Mr Buhari made a series of promises to Nigerians, which include fixing the nation’s moribund…

President Muhammadu Buhari has asked the Senate to approve the payment of judgement debts awarded by different courts against the federal government. The president said the judgement debts were awarded in different currencies which he summed up to $556,712,584,01; £98,526,013 and N226,280,801,801,64. Mr Buhari’s request was contained in a letter read by the Senate President, Ahmad Lawan, at the Senate plenary on Wednesday. In the letter, the president stated that the debts were awarded in litigations against…

President Muhammadu Buhari will on Monday commission the 650,000 barrels per day Dangote refinery located at the Lekki free zone near Lagos. The pipeline infrastructure at the refinery is said to be the largest in the world with 1,100 kilometres and will handle 3 billion standard cubic foot of gas per day. The inauguration of the refinery comes with high expectations in the Nigerian energy sector amid plans by the Nigerian government to remove petrol subsidy in the second half of the year. Subsidy payments…

Nigerian billionaire businessman, Femi Otedola, on Sunday hailed Africa’s richest man Aliko Dangote ahead of the commissioning of the Dangote Refinery in Lagos. Mr Otedola said history would be made in the Nigerian energy sector with the unveiling of the refinery, located in Lagos.President Muhammadu Buhari will on Monday commission the Dangote Refinery in Lagos amid expectations that the facility, considered Africa’s largest oil refinery, would impact positively on the nation’s oil sector and the larger economy.…

President Muhammadu Buhari has asked the Senate to approve his request for obtaining a loan facility of $800m from World Bank to finance the National Safety Net Programme. The president’s request was contained in a letter read by Senate President, Ahmad Lawan, at the plenary session on Wednesday. Mr Buhari will hand over power to the president-elect, Bola Tinubu, on 29 May. In the letter sent to the Senate, the president said the $800m loan facility is intended to be used to support poor Nigerians and will be…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. President Muhammadu Buhari on Tuesday in Abuja approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. The federal government under President Muhammadu Buhari has made significant efforts in improving the business environment in Nigeria…

President Muhammadu Buhari on Monday said the actualisation of the Petroleum Industry Act (PIA) 2021 is the second biggest achievement in the country’s energy sector. The president disclosed this while declaring the Nigeria International Energy Summit, (NIES) 2023, open at the presidential banquet hall in Abuja on Monday. Mr Buhari, represented by Boss Mustapha, the secretary to the government of the federation, explained that for decades, Nigerians were told that it would be near impossible to pass the bil…

President Muhammadu Buhari has approved the amendment of the 2022/2023 deep offshore oil block mini-bid round. The Nigerian Upstream Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, disclosed this in a statement on Saturday. Mr Komolafe said the approval was in a bid to boost confidence in the transparency and continuity of the deep offshore oil block mini-bid round process. He added that the move was to accommodate the concerns expressed by both local and international investors over the…

The Centre for the Promotion of Private Enterprise on Sunday called on President Muhammadu Buhari to immediately intervene to put an end to the hardship caused by the currency redesign policy of the Central Bank of Nigeria (CBN). In a statement signed by Muda Yusuf, director of CPPE, the think tank said the cash scarcity has not only crippled economic activities in the country but has now become a major risk to the livelihoods of Nigerians. He explained that millions of citizens have slipped into penury and…