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Marketers Blast NLNG Over 70% LPG Importation …Bayelsa Oil Commission Unveils Environmental Degradation Report, Today

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The Nigerian Association of Liquefied Petroleum Gas Marketers has condemned Nigeria’s importation of Liquefied Natural Gas when the country has abundance of it.
NALPGAM particularly faulted the Nigerian Liquefied Natural Gas Limited for allegedly exporting about 70 per cent of gas it produces, leaving Nigerian consumers with only 30 per cent.
The gas marketers also condemned landlords who prevent tenants from using gas to cook.
The association, therefore, wrote to the House of Representatives Committee on Petroleum (Downstream), asking the lawmakers to address the various issues bordering on gas production, marketing and consumption in the country.
The President of NALPGAM, Mr Nosakhare Ogieva-Okunbor, who led the governing council of the association to present the paper to the Deputy Chairman of the committee, Mr Alex Egbona, recalled that before a deliberate policy by the Federal Government in 2007, consumption of LPG was abysmally low at about 60,000 metric tonnes.
“In the LPG industry across the globe, it is a shame that with what we have (petroleum resources), we are so low in LPG per capita consumption; that was pre-2007,” he said.
According to him, the Nigerian LPG market now has between 900,000 to one million metric tonnes. He added that the increase in gas use had helped in addressing some environmental issues, including indoor population that has killed many people.
The NALPGAM leader said, “When we discovered that the penetration is not coming up well, our association came up with a programme that gives out free cylinders to Nigerians. So far in this country, we have given out about 7,000 cylinders for free in educating and creating awareness on using LPG in our country.
“This does not come without challenges. We have challenges and that is why we are here. Some of the challenges we are having is we, as Nigerians, are blessed with a lot of gas. Funny enough, we are still doing importation of gas. This affects our foreign exchange reserve. We have sourced our jobs to other people and with this, the supply from NLNG is being squeezed to a point that if care is not taken, Nigerians will not get the benefits of NLNG. Importation of gas should be secondary. We should see that we are using our gas.
“We are presenting a paper to you that we should not allow the NLNG product to die; that stakeholders in the industry should be brought to the table; that the reverse should be the case – the imported gas should be supplementary to what we have.”
Meanwhile, the report of a study undertaken by the Bayelsa State Oil and Environmental Commission (BSOEC), detailing the widespread environmental degradation as a result of oil companies’ activities in the state will be unveiled to the public on November 1.
To this end, officials of the commission will be visiting Bayelsa State from November 1-2 to meet with International Oil Companies (IOCs), and thereafter, present an interim report to the Governor of Bayelsa State, Hon Seriake Dickson.
The interim report, which will be presented by the commission’s Chair and the Archbishop of York, Mr John Setamu, outlines what the commission has observed and the information gathered from interaction with various communities over the last seven months.
The commission will also make a public announcement to various communities and the media in Bayelsa State with a view to creating awareness ahead of the formal public presentation of the report.
The commission’s final report would be published in 2020.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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