Headline
PIA: FG Considers First Set Of Regulations For Oil Industry

The Federal Government yesterday began stakeholders’ consultation on draft regulations for the petroleum industry with a call on the operators to develop innovative ways to exploit and explore hydrocarbon resources in the country in the face of dwindling investments from international oil companies.
The Minister of State Petroleum Resources, Chief Timipre Sylva who made the call at the opening of a two-day stakeholders’ consultation on draft regulations for the industry organized by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said the Petroleum Industry Act (PIA) gives the country the opportunity to transform the sector.
Chief Sylva noted that “the enactment of the PIA is expected to open up opportunities in the oil and gas sector of the economy. However, the challenge posed by the huge divestments in the hydrocarbon explorations by oil majors in the country in the past as a result of the global energy transition calls for more innovative ways in the exploitation and exploration of fossil fuel in the country.
“If we must continue to be relevant at the global stage, we must in designing any regulation put in focus how we can balance the energy base load for Nigeria so that we will not be left behind in the energy transition train while still harnessing our rich natural hydrocarbon reserves”.
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Speaking earlier, NUPRC Chief Executive, Engr. Gbenga Komolafe noted that it was important that regulations governing the industry were put in place in line with the provisions of the PIA.
He therefore added that the forum was expected to discuss and finalise the draft Regulations in line with Section 216 of the PIA 2021.
“We are conscious of prioritising regulations to meet the timelines in the PIA. As such, this first phase of the stakeholder’s engagement will capture burning issues on implementation of host community fund in line with Section 235 of the PIA, also finalising the 2020 bid round through issuance of PPL (Petroleum Prospecting License) in line with Section 94 (2) of the PIA and a host of others”.
He expressed optimism that all grey areas would receive adequate clarification with a view to giving meaning to the intent of the PIA for user-friendly implementation and attractive investments.
Headline
12 Die, 30 Missing In Peru Landslide

At least 12 people, including three children, died in a landslide at a river port in central Peru on Monday, and 30 were reported missing, officials said.
The landslide submerged a boat with about 50 passengers on board, and another with none, as they were docked at the port of Iparia in the Amazon jungle region of Ucayali, according to a police report cited by the Andina news agency.
Six people were injured, it added, and a search and rescue operation was underway at the start of the Peruvian rainy season.
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Without giving a toll, Peru’s COEN national emergency operations centre said on X that tragedy struck at dawn due to “erosion” of the bank of the Ucayali river.
It said the navy has been called in to help.
AFP
Headline
Nigeria Grants Asylum To Guinea-Bissau Opposition Candidate

The Nigerian embassy in Guinea-Bissau has granted asylum to Fernando Dias da Costa, the country’s opposition presidential candidate, following alleged threats to his life after last week’s military coup, The Cable Reports.
The coup was announced by military officers on Wednesday, just days after Guinea-Bissau’s presidential election in which both incumbent President Umaro Embaló and his main challenger, da Costa, claimed victory before official results were released.
Nigeria condemned the takeover and urged an immediate return to constitutional order.
In a letter to the President of the Economic Community of West African States Commission, Omar Touray, dated November 30, the Foreign Affairs Minister, Yusuf Tuggar, said President Bola Tinubu had approved asylum and protection for da Costa inside the Nigerian embassy in Bissau.
READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan
Tuggar wrote that the decision was made “in response to threats made against da Costa’s life.”
“In this regard, it would be appreciated if you would kindly mandate the ECOWAS Stabilisation Support Mission in Guinea-Bissau to provide him protection and security while in the premises of the Nigerian embassy,” the letter stated.
The foreign affairs minister’s Special Assistant on Media and Communications Strategy, Alkasim Abdulkadir, confirmed the letter’s authenticity to The Cable on Monday.
He said, “The decision of the Federal Government of Nigeria to grant asylum and provide protection to Fernando Dia Da Costa falls squarely within Nigeria’s sovereign responsibility and longstanding commitment to regional peace, stability, and democratic governance.”
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He added that Nigeria acted “in the broader interest of de-escalation,” saying the government had exercised its discretion “to prevent further deterioration of tensions and to promote social cohesion in Guinea-Bissau and the wider West African sub-region.”
According to Abdulkadir, the intervention aligns with ECOWAS principles and reflects Nigeria’s role as a stabilising force in West Africa.
Following the coup, ECOWAS held an emergency virtual summit of heads of state and subsequently suspended Guinea-Bissau from the regional bloc until constitutional order is restored.
Headline
Trump To Attend FIFA World Cup Finals Draw On Friday

The White House on Monday confirmed US President Donald Trump would attend the draw for the FIFA World Cup finals in Washington later this week.
The United States will co-host the 2026 tournament alongside Canada and Mexico.
“On Friday, President Trump will attend the FIFA World Cup final draw at the Kennedy Centre,” White House Press Secretary Karoline Leavitt told reporters.
READ ALSO:Trump Unveils Fast-track Visas For World Cup Ticket Holders
Trump has made the World Cup a centrepiece event of both his second presidency and the 250th anniversary of US independence next year.
But the giant sporting extravaganza has not escaped the political turmoil caused by Trump’s hardline stance on a host of issues.
Trump, a Republican, has raised the possibility of moving games from some US host cities amid a crackdown on what he says is crime and illegal migration in some Democratic-run areas.
AFP
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