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JUST IN: President Tinubu Signs Executive Orders On Petroleum Sector Reform
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2 years agoon
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Editor
President Bola Ahmed Tinubu on Wednesday signed three executive orders, targeted at positioning Nigeria as a preferred oil and gas investment destination in Africa.
In a statement obtained by Vanguard, Special Adviser to the President on Media & Publicity, Ajuri Ngelale, stated: “Following extensive engagements, analyses, and benchmarking with other jurisdictions, the President has initiated the amendment of primary legislation to introduce fiscal incentives for oil & gas projects, reduce contracting costs and timelines, and promote cost efficiency in local content requirements.
“Recognizing the urgency to accelerate investments, the President has directed as follows, Introduction of fiscal incentives for non-associated gas, midstream and deepwater developments, streamlining of contracting process to compress the contracting cycle to six months and the application of the local content requirements without hindering investments or the cost competitiveness.
“The details of these Policy Directives will be gazetted and communicated by the Federal Ministry of Information and National Orientation.
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“These incentives were developed in collaboration with the Federal Ministry of Justice, Federal Ministry of Finance, Federal Ministry of Petroleum, Federal Ministry of Budget and Economic Planning, Federal Inland Revenue Service, the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Midstream and Downstream Petroleum Regulatory Commission, and the Nigerian Content Development and Monitoring Board.
“The Special Adviser to the President on Energy has been directed to continue coordinating the aforementioned stakeholders to ensure the implementation of these directives within a stipulated time frame.”
Meanwhile, Nigeria’s oil production grew by 8.7 percent in January 2024 to 1.64 million barrels per day when compared to the 1.51 million barrels per day produced over corresponding period last year, latest data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has indicated.
The Commission in its crude oil and condensate production report for the month of January 2024 showed that average daily liquid production was 1.42 million barrels while average daily condensate production was 217,097 barrels.
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A closer look at the report showed that in total, oil production for the month of January was 50.95 million barrels, made up of 44.44 million liquid production and 6.7 million barrels of condensate oil.
The Commission disclosed that Forcados with 8.7 million barrels and Bonny with 6.9 million barrels, were the highest reporting terminals.
The Commission Chief Executive, Engr. Gbenga Komolafe had recently said that NUPRC has adopted measures that would tackle challenges facing the oil and gas sector and boost production in the country.
In a presentation in Lagos, Komolafe said Nigeria’s oil production currently averages 1.586 million barrels per day, made up of 1.33mbpd liquid production and 256,000 condensate oil production.
He explained that measures adopted by the Commission include improved transparency in hydrocarbon measurement and accounting, collaborative work programme administration with the exploration & production companies, and close monitoring to ensure that they meet their work programme obligations.
Others are acceleration of field developments through timely approvals and ensuring speedy execution, production optimisation by ensuring wells are tested periodically and produced at optimal rates, identifying candidate wells for work-over and interventions as well as the adoption of Enhanced Oil Recovery processes and technologies.
VANGUARD
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Headline
Serbia Indicts Ex-minister, 12 Others Over Train Station Tragedy
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1 hour agoon
September 16, 2025By
Editor
Serbian prosecutors filed an updated indictment on Tuesday against 13 people, including a former minister, over a fatal railway station roof collapse that has triggered a wave of anti-government protests.
The prosecution said all those indicted, among them former construction minister Goran Vesic, face charges of “serious crimes against public safety” over the tragedy that killed 16 people last November.
“The indictment proposes that the Higher Court in Novi Sad order custody for all the defendants,” the prosecutor’s office said in a statement.
The roof collapse at the newly renovated station in Serbia’s second-largest city, Novi Sad, became a symbol of entrenched corruption and sparked almost daily protests.
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Protesters first demanded a transparent investigation, but their calls soon escalated into demands for early elections.
The Higher Public Prosecutor’s Office in Novi Sad initially filed an indictment at the end of December, but judges returned it in April, requesting more information.
The accused were released or placed under house arrest following the decision.
The prosecutor’s office said it had complied with the judge’s request and had now completed the supplementary investigation.
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The prosecutor specialising in organised crime and corruption in Belgrade is leading a separate, independent investigation into the tragedy.
That investigation is focused on 13 people, including Vesic and another former minister, Tomislav Momirovic, who headed the Construction Ministry before him.
In March, the European Public Prosecutor’s Office (EPPO) launched a third, separate investigation into the possible misuse of EU funds for the station’s reconstruction.
AFP
Headline
Kazakhstan Bans Forced Marriage, Bride Kidnapping
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1 hour agoon
September 16, 2025By
Editor
Kazakhstan has banned forced marriages and bride kidnappings through a law that came into effect Tuesday in the Central Asian country, where the practice persists despite new attention being paid to women’s rights.
Forcing someone to marry is now punishable by up to 10 years in prison, Kazakh police said in a statement.
“These changes are aimed at preventing forced marriages and protecting vulnerable categories of citizens, especially women and adolescents,” it added.
Bride kidnappings have also been outlawed.
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“Previously, a person who voluntarily released a kidnapped person could expect to be released from criminal liability. Now this possibility has been eliminated,” the police said.
There are no reliable statistics of forced marriage cases across the country, with no separate article in the criminal code prohibiting it until now.
A Kazakh lawmaker said earlier this year that the police had received 214 such complaints over the past three years.
The custom is also present in neighbouring Kyrgyzstan, where it mostly goes unpunished due to indifferent law enforcement and stigma surrounding whistleblowers.
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The issue of women’s rights in Kazakhstan gained media attention in 2023 following the murder of a woman by her husband, a former minister, a case that shocked Kazakh society and prompted President Kassym-Jomart Tokayev to react.
“Some people hide behind so-called traditions and try to impose the practice of wife stealing. This blatant obscurantism cannot be justified,” Tokayev said last year.
AFP
Headline
Russia Arrests Woman For Detonating Bomb On Railway
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1 hour agoon
September 16, 2025By
Editor
Russia’s FSB security service said on Tuesday it had arrested a woman in her fifties accused of detonating explosives in a bid to sabotage the Trans-Siberian Railway.
The suspect was allegedly working on behalf of Ukrainian intelligence, the FSB said, in the latest incident of alleged covert activity during the countries’ conflict.
“In August 2025, following the instructions provided by the adversary, the suspect manufactured a homemade explosive device from publicly available components, placed it on the railway tracks and triggered it,” the Russian agency said.
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“She recorded the moment of the explosion on her mobile phone camera and sent the footage as a report to the handler to receive a reward.”
The statement did not name the suspect but said she was born in 1974 and carried out the alleged attack in eastern Siberia’s Zabaikalsky region.
The FSB warned Russians that it was monitoring social networks and online messenger services such as Telegram and WhatsApp for evidence of Ukrainian services recruiting Russians to carry out sabotage.
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Separately, the agency told state news agency TASS that a man had been sentenced to 18 years and six months for transporting explosives on behalf of a “pro-Ukrainian” group.
A resident of the Bryansk region, which borders Ukraine, had, the FSB said, established contact through the Telegram app with a banned “terrorist organisation”.
He allegedly retrieved explosives from a cache on the orders of this group before waiting for “further instructions”, according to the same source cited by TASS.
He was jailed by a military tribunal.
AFP
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