Connect with us


BIG STORY

I Won’t Sign 2021 Budget If There’s No Compensation For #EndSARS Victims — Gbajabiamila

Published

on

The Speaker of the House of Representatives, Femi Gbajabiamila, has disclosed that he will not sign the 2021 budget if provision for compensation to victims of police brutality is excluded.

Mr. Gbajabiamila also disclosed that he will be visiting families of victims of police brutality across the country. He also appealed to the protesters to suspend the ongoing protests.

Gbajabiamila stated these in a speech before the House went into a closed-door session during Tuesday’s plenary.

It would be recalled that the 2021 budget was passed through second reading on Wednesday, last week, and committees of the House are due to commence the budget defense process.

Also, the House in its resolution 2 weeks ago resolved to make provisions in the 2021 budget to compensate the victims of police brutality in the country.

“I will not sign off on a 2021 Budget that does not include adequate provisions to compensate those who have suffered violence and brutality at the hands of the police in Nigeria in the last two decades.

“I will not sign off on a budget that does not meet the reasonable demands of the ASUU, to which government has already acceded. There is no better time to rethink the system of funding for higher education in Nigeria. The current system does a great disservice to our children and our country, and we must commit to changing it so that we can free our institutions of higher learning to be citadels where innovation thrives.”

BIG STORY

Governor Abdulrazaq Commits To Hosting 2025 BON Awards, Makes History As First To Host Consecutive Editions [PHOTOS]

Published

on

Governor Abdulrahman Abdulrazaq has announced his agreement to host the 2025 edition of the Best of Nollywood (BON) Awards in Ilorin, making him the first Governor in the event’s history to host it for two consecutive years. The Governor expressed his admiration for the 16th BON Awards, praising the event’s vibrant atmosphere and the engaging after-party that showcased the rich cultural and creative potential of Kwara State.

Held at the state-of-the-art Sugar Factory Film Studio in Ilorin, the BON Awards brought together top talents and stakeholders from Nigeria’s movie industry. Governor Abdulrazaq, who personally presented the Lifetime Achievement Award to Nollywood icon Kanayo O. Kanayo, commended the organizers for their professionalism and the remarkable success of the event.

“The BON Awards have shown the immense possibilities of Ilorin as a center for creativity and entertainment. I was thrilled by the energy, talent, and warmth that defined this year’s edition. The after-party further reinforced our vision of Kwara as a hub for the creative economy, tourism, and hospitality,” the Governor said.

Governor Abdulrazaq emphasized his desire for Ilorin to become the permanent venue for the BON Awards, citing the city’s unique blend of modern infrastructure, serene environment, and rich cultural heritage.

“I would be honored to host next year’s edition of the BON Awards and beyond. Ilorin is ready to offer unmatched facilities and an enabling atmosphere to support events of this magnitude. With landmark projects like the Sugar Factory Film Studio, Visual Arts Centre, and remodeled Kwara Hotel, we are poised to set a new standard for hosting creative events,” he added.

The Governor extended his appreciation to the Nollywood stars and stakeholders for their significant contributions to the Nigerian creative industry and their warm embrace of Kwara as a destination for film and entertainment.

“We invite the creative community to consider Kwara not just for future productions but also as a home for their endeavors. Together, we can build a creative hub that reflects our shared aspirations for excellence and innovation,” he concluded.

The 16th BON Awards, which featured celebrated actors such as Femi Adebayo, Mercy Aigbe, Toyin Abraham, and many others, was a resounding success, with winners and attendees alike applauding the state’s infrastructure and hospitality.

Continue Reading

BIG STORY

Port Harcourt Refinery Operating At 70% Capacity, To Blend 1.4m Litres Of Petrol Per Day — NNPC

Published

on

The Nigerian National Petroleum Company (NNPC) Limited has announced that the rehabilitated old Port Harcourt refinery is currently operating at 70 percent of its installed capacity.

The Port Harcourt Refining Company (PHRC) operates two refineries: the old refinery, with a capacity of 60,000 barrels per stream day (bpsd), and a new refinery with an installed capacity of 150,000 bpsd.

In a statement on Tuesday, the energy company stated that it plans to increase operations to 90 percent of the refinery’s capacity.

“The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery,” the statement reads.

“This achievement marks a significant step forward after years of operational challenges and underperformance.

“We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products. For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%.”

‘NAPHTHA TO BE BLENDED INTO PETROL’

According to NNPC, the refinery has started producing daily outputs of straight-run petrol (naphtha), which is blended into 1.4 million litres of petrol.

The national oil company also stated that the refinery has begun producing 900,000 litres of kerosene per day and 1.5 million litres per day of diesel.

NNPC further mentioned that 2.1 million litres of low-pour fuel oil (LPFO) will also be produced daily at the refinery, with additional volumes of liquefied petroleum gas (LPG) to be refined at the plant.

“It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications,” NNPC said.

“Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.”

Additionally, NNPC stated that significant progress has been made on the new Port Harcourt refinery, “which will begin operations soon without prior announcements.”

“We urge Nigerians to focus on the remarkable achievements being realized under the able and progressive leadership of President Bola Tinubu and to support efforts aimed at delivering more dividends to the nation,” the company added.

According to the statement, malicious attacks on “clear progress” only undermine the “significant strides made by NNPC Ltd and the country.”

“Let us move forward together in building a stronger and more self-sufficient energy sector,” the company said.

Earlier today, NNPC confirmed that the refinery officially commenced crude oil processing, resuming the loading of petroleum products into trucks.

Earlier reports had it that NNPC was struggling to finalize the turnaround maintenance at the refinery. According to documents seen by TheCable, one option being considered was retrofitting the refinery into a blending plant.

Continue Reading

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

Published

on

NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

Continue Reading



 

Join Us On Facebook

Most Popular