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ROAD Diversion: FG to begin repair works on Long Bridge Monday

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The Ministry of Works, under the directive of the Federal Government, has unveiled plans to commence repairs on the damaged expansion joints of the Long Bridge along the Lagos-Ibadan expressway.

In a statement released by Mrs. Olukorede Keisha, the Federal Controller of Works in Lagos, it was announced that the repair works are scheduled to kick off from 7 a.m. on Monday, March 4, and will continue until March 25, 2024.

During this period, commuters traveling to and from Lagos via the Long Bridge will encounter lane restrictions, with only two lanes available on each side of the bridge. This arrangement aims to facilitate the contractor’s efforts to carry out repairs on the remaining two lanes of the carriageways.

Keisha emphasized, “All road users are advised to exercise patience and adhere to lane discipline both approaching the Long Bridge and within the narrowed sections on the bridge.”

To mitigate traffic congestion during the repair period, the earth road adjacent to the Shagamu bound carriageway will be made accessible for motor vehicles, serving as an alternative route. Other road users are encouraged to explore alternative routes to ease congestion and facilitate smooth traffic flow.

The Federal Ministry of Works assures the public of its commitment to completing the repair works promptly while ensuring minimal disruption to commuters’ journeys.

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Nigerian govt to sell crude oil in Naira to Dangote, other local refineries

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The Nigerian government has decided to sell crude oil to Dangote and local refineries to strengthen the Naira.

Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission, revealed this information on Monday during a briefing in Abuja.

According to him, Nigeria’s condensate and crude oil reserves rose to 37.5 billion barrels on January 1, 2024, with a 68.01-year life index.

“The commission, in conjunction with relevant stakeholders from NNPC Upstream Investment Management Services, representatives of Crude Oil/Condensate Producers, Crude Oil Refinery-Owners Association of Nigeria, and Dangote Petroleum Refinery came up with the template for the buy-in of all.

“This is in a bid to foster a seamless implementation of the DCSO and ensure consistent supply of crude oil to domestic refineries.

“The Petroleum Industry Act, PIA intends to make the implementation (of crude oil obligation) easy for producers and refineries.

“So, the answer simply is that the transaction currency would be in Naira or dollar. That is the simple answer.

“But we all know that if the transaction is carried out in Naira, that will free the pressure on the exchange rate.

“That will help the exchange rate. So that is the intent, and besides, the overall intent of the Petroleum Industry Act is to develop our midstream, which is a very laudable provision of the PIA,” he said.

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BREAKING: Wike, Atiku Meet At PDP Caucus Meeting Ahead Of NEC

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By Kayode Sanni-Arewa

Former Vice-President Atiku Abubakar and Minister of the Federal Capital Territory (FCT), Nyesom Wike, are currently attending the National Caucus meeting of the Peoples Democratic Party (PDP) in Abuja.

The duo, who sought the presidential ticket of the party for the 2023 election, are among stakeholders at the meeting holding at Bauchi Governors’ lodge behind ECOWAS secretariat in Asokoro.

Details shortly…

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BREAKING: Court Grants EFCC Warrant to Arrest Ex-Kogi Gov Yahaya Bello

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The Federal High Court Sitting in Abuja has granted the Economic and Financial Crimes Commission, EFCC, warrant to arrest the former governor of Kogi State, Yahaya Bello.

Justice Emeka Nwite granted the warrant on Wednesday, April 17, at the instance of the EFCC.

According to the Judge, Bello’s arrest is preparatory to his arraignment on Thursday, April 18.

More Details shortly…

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