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NNPC Clinches Reuters Oil Deal Award

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The Joint Finance Team of the Nigerian National Petroleum Corporation, NNPC and its Joint Venture Partners, Chevron Nigeria Limited have clinched the prestigious Africa and Middle East Oil Deal of the Year Award 2015.
The NNPC stated that the Thomson Reuters /PFI Magazine award is in recognition of the novel $1.2 bn multi-year drilling financing package for 36 Offshore/Onshore Oil wells under the NNPC/CNL Joint Venture initiated under the Accelerated Upstream Financing Programme executed at a Signing-ceremony in London in September, 2015.
The initiative, which was designed by the NNPC to address the perennial challenge experienced by the Federal Government in providing its counter-part funding of JV upstream activities, earned the apex corporation the award for conceptualizing, structuring and delivering an oversubscribed deal in a challenging macro-economic environment.
Code-named Project Cheetah, the $1.2bn alternative financing package, was the first to combine funding of both oil production as well as domestic gas to support power generation in Nigeria from a medley of carefully sequenced offshore and onshore wells.
The deal is projected to fund 36 wells and deliver 41, 000 barrels of crude oil per day and projected peak incremental production of 127 million standard cubic feet of gas per day (mmscfd) in the years ahead.
Also the package is projected to generate between $2-5bn of incremental revenues to the Nigerian government over the life of the project (subject to prevailing oil price in the upcoming years).
The funding package is being financed by a consortium of Nigerian and International lenders led by Standard Chartered Bank and UBA.
The global award which is one of the most prestigious in the International financing market is based on feedback from peers and market operators with full endorsement by the judges at Thomson Reuters /PFI.

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Hon. Hafiz Kawu Calls for Unity, Highlights Tinubu and Governor Yusuf’s Achievements in Kano

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Hon. Hafiz Kawu, Honourable Commissioner at PENCOM, has urged APC supporters and faithfuls in Kano State to rally behind the re-election of President Bola Ahmed Tinubu and Governor Abba Kabir Yusuf. Speaking live during a radio program in Kano, Hon. Kawu OON, MNI delivered a compelling message of reconciliation and renewed commitment to the ruling party’s vision for development.

In his remarks, Hon. Kawu emphasized the importance of President Tinubu’s administration to Kano’s progress, pointing to several landmark projects that have reshaped the state’s infrastructure and economic outlook. He cited the Abuja–Kaduna–Kano Expressway reconstruction and the dualization of the Kano–Kongolom Road as evidence of federal commitment to easing transportation and boosting trade. He also highlighted the modernization of the Mallam Aminu Kano International Airport and the approval of the Kano Light Rail project as transformative investments in transportation.

Hon. Kawu further pointed to the AKK Gas Pipeline as a strategic investment that will power industries, create jobs, and strengthen Kano’s role as a commercial hub. He noted that the appointments of Kano indigenes into key federal positions demonstrate the President’s recognition of Kano’s strategic importance in national politics.

Turning to state-level initiatives, Hon. Kawu praised Governor Abba Kabir Yusuf’s urban renewal and rural connectivity projects, including the construction of the Dan Agundi Interchange, the Tal’udu Cloverleaf Overpass, and the revival of 5KM roads across 44 local governments. He described these projects as complementary to federal efforts, ensuring that both urban and rural communities benefit from development.

Addressing internal party divisions, Hon. Kawu noted: “This is the time to set aside differences and return to the fold. The projects we see today are only the beginning of greater things to come under APC leadership. Unity is the key to victory, and victory is the key to sustaining development.”

His live radio broadcast blended detailed references to federal achievements under President Tinubu with state-level initiatives under Governor Yusuf, leaving listeners with a clear message: Kano’s future is tied to APC’s success, and every supporter has a role to play in securing that future.

As the broadcast concluded, Hon. Kawu emphasized that cohesion across the APC structure remains the decisive factor in the political contest ahead. He stressed that only a united APC — working seamlessly from the grassroots to the national stage — can secure victories across all levels of governance and sustain the momentum of development. His words positioned unity not as a plea, but as a strategic imperative for the party’s continued dominance and for the progress of Kano and Nigeria at large.

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Nigeria Is Not a Muslim Country — Rev Dachomo Counters Sheikh Jingir

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The Regional Chairman of the Church of Christ in Nations (COCIN) in Barkin Ladi Local Government Area of Plateau State, Rev. Ezekiel Dachomo, has rejected comments by Islamic cleric, Sheikh Sani Yahaya Jingir, that Nigeria is a Muslim country.

Jingir had reportedly made the remarks during a programme in Kano State over the weekend while expressing support for the continuation of a Muslim-Muslim political arrangement.

The cleric argued that Muslims constitute the majority in Nigeria and should therefore have the opportunity to lead the country. He also reportedly referred to Christians as infidels and suggested that Christians who were unhappy with the arrangement could leave the country.

Reacting in a statement on Tuesday, Dachomo strongly opposed the comments, insisting that Nigeria is a multi-religious nation and “is not and can never be a Muslim country.”

The COCIN chairman cautioned Jingir and other religious leaders against making statements capable of deepening religious divisions or creating hostility between Christians and Muslims.

Dachomo argued that political leadership should not be determined by religious numerical strength but by competence, justice, good governance and the ability to protect the lives and property of all Nigerians.

“Nigeria is a multi-religious country in which Muslims and Christians have historically participated in the political process and contributed to the development of the nation,” he said.

He urged religious leaders to exercise caution when commenting on political matters, particularly issues capable of affecting relations between religious communities.

According to him, linking political leadership to religious majority could create the impression that one faith has greater ownership of Nigeria than another.

“I urge religious leaders to be mindful of their public statements, particularly when discussing politics and issues capable of affecting relations between different religious communities,” Dachomo added.

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Muslim-Muslim ticket: No regret over my statement – Sheikh Jingir

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Islamic cleric and leader of the Izala Scholars Council, Sheikh Sani Yahaya Jingir, has stood his ground over his Muslim-Muslim ticket comments and description of Christians as “infidels.”

Speaking in an interview with the BBC, Jingir said he had no regrets over his recent declaration of support for a Muslim-Muslim presidential ticket, despite the criticism trailing the statement.

He said his position was not politically motivated or intended to campaign for President Bola Tinubu, but was based on what he described as his responsibility as a Muslim.

According to the Islamic cleric, he would continue to support and encourage Muslims to back a Muslim-Muslim ticket, regardless of the criticism his position might attract.

“I have no regrets. I will continue to support and encourage the Muslim-Muslim ticket. What they say will not stop me. They started it; at a point, we suffered in their hands,” he alleged.

DAILY POST recalls that Jingir, during a mass wedding organised by the Kano State Government for 1,500 couples, declared his support for the Muslim-Muslim arrangement and urged Muslims to vote in a manner that would demonstrate their numerical strength in the country.

He further stated that, as a Muslim preacher, he had the right to advocate a political arrangement that was consistent with his religious convictions.

The cleric also challenged claims that Christians or other religious groups constituted a larger proportion of Nigeria’s population than Muslims.

His remarks have continued to generate reactions, with some commentators describing them as divisive, while others have defended his right to express his religious and political views.

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