Five Essential Facts To Be Aware Of As You Begin Your Tuesday


The Federal Government has officially designated Wednesday, September 27, 2023, as a public holiday to mark the Eil-ul-Maulid Muslim event, which commemorates the birth of the Holy Prophet Muhammad (SAW). Minister of Interior, Olubunmi Tunji-Ojo, has extended his felicitations to Muslims and encouraged them to embrace the values exemplified by the Prophet Muhammad. This announcement was made through a statement from the Ministry's Permanent Secretary, Oluwatoyin Akinlade.

NNPC and NCDMB have signed a Memorandum of Understanding (MoU) with international oil companies to streamline oil sector contracts, aiming to reduce the contracting cycle to a maximum of 180 working days, enhance business efficiency, and lower costs. This alignment with the government's economic growth agenda benefits all stakeholders and holds promise for the industry's future.

The Niger Delta Development Commission (NDDC) is expediting the construction of the Oruma rigid pavement road, which will serve as a crucial bypass for commuters in Rivers and Bayelsa States, promoting regional connectivity and benefiting farmers.

Norrenberger's credit ratings have been upgraded by Agusto & Co. Limited due to substantial asset growth, increased assets under management, streamlined operations, risk management tools, and team stability, resulting in a 'BBB (IM)' rating.

A U.S. appeals court has granted an extension until November 8 for the Biden administration to conduct an expanded sale of oil and gas leases in the Gulf of Mexico, as part of an ongoing legal battle related to the protection of an endangered species of whale, the Rice's whale. Environmental groups continue to advocate for its safeguarding from oil and gas activities.

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