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NNPLC Limited mulls issuing Initial Public Offer to investors

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The Nigerian National Petroleum Company Limited has said it plans to issue its Initial Public Offer(IPO) to investors.

The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari, said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy Conference and Exhibition with the theme, “Powering Nigeria’s Sustainable Energy Future” on Tuesday in Abuja.

Kyari in his address at the event, said the decision was in line with the Petroleum Industry Act.

“As a Company that is guided under the Companies and Allied Matters Act regulations, the NNPC Limited will declare its shares to the public for acquisition very soon.

“We will pay taxes; we will pay royalties like anyone; we will also pay dividends to our shareholders, which many of you are”, he stated.

Kyari reiterated that the company is the sector to maximize profit, saying, ” We are in business, and business means competition. We are a private sector; forget that we are owned by the government 100 per cent.

“You are also aware, we are going to Initial Public Offer very soon; we will sell a part of our equity.

” It is in the law, and once that happens, we will not be any different for any of you, and it will be a very different business environment,” he said.

The 22nd edition of NOG started on Sunday and is expected to end on Thursday.

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I have one less school fees to pay – Gov. Makinde remarks as his daughter graduates from Yale (See Pictures)

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The Governor of Oyo State, Engr.Seyi Makinde has expressed relief on the graduation of his daughter from Yale University.

Makinde on his instragram is quoted to have expressed relief that he has one less school fees to pay.

The Governor prayed that his daughter will have the best in this new chapter of her life noting that her hardworking and diligence has paid off.

Well wishers who attended the graduation include the First Lady of Oyo State, Tamunominini Olufunke Makinde, Governor of Kwara state, Abdulrazaq AbdulRahman, Hon. Adedeji Olajide representing Ibadan North West/South West Federal Constituency, amongst others.

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Usyk beats Fury to become undisputed world heavyweight boxing champion

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Oleksandr Usyk beat Tyson Fury by split decision to win the world’s first undisputed heavyweight championship in 25 years on Sunday, an unprecedented feat in boxing’s four-belt era.

Britain’s Fury was the early aggressor but Usyk gradually took charge and the “Gypsy King” was saved by the bell in the ninth round before slumping to his first career defeat.

Ukraine’s Usyk, who remains undefeated, joins the likes of Muhammad Ali, Joe Louis, and Mike Tyson as undisputed heavyweight champion, the first since boxing recognised four major belts in the 2000s.

With the win, the former undisputed cruiserweight champion can legitimately claim to be the best of this heavyweight era, although a rematch expected in October could provide another twist.

“It is a big opportunity for me, for my family, for my country,” said Usyk, 37, who briefly served as a soldier after the Russian invasion.

“It’s a great time, a great day,” he said, adding that he was “ready for a rematch”.

Fury called it a “fantastic fight with Oleksandr”.

“I believe I won that fight, I believe he won a few of the rounds, but I won the majority of them,” he said.

“You know his country is at war, so people are siding with the country at war but make no mistake, I won that fight in my opinion and I will be back.”

Britain’s Lennox Lewis was the last man to unify the heavyweight belts — three at the time — after beating Evander Holyfield in 1999.

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Minister of Women Affairs Calls On IG to stop marriage plans of 100 orphans in Niger

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Mrs Uju Kennedy-Ohanenye has called on the Inspector general of Police, Kayode Egbetokun seeking an injunction  to stop the Speaker of the Niger State House of Assembly, Abdulmalik Sarkindaji, from marrying off girls who were orphaned after bandits attacked Mariga LGA on May 24.

The speaker recently announced that the gesture was “aimed at alleviating the suffering of the impoverished”, while also promising to pay the dowry for the bridegrooms.

The Minister said such an act is “unacceptable” which is why she petitioned the IG to halt the proposed marriage until it is certain that the girls willingly gave their consent and also to ascertain the ages of the girls and who they will be getting married to.

She said that the Child’s Right Act has to be taken into consideration with a full scale investigation. In her words, she stated that “These children must be considered, their future must be considered, the future of the children to come out of their marriage must be considered”.

She also noted that the girl-child should have access to education and should  also be empowered instead of being married off at the slightest inconvenience, which is why she said that  “the ministry has decided to take it up and we are going to educate the children.

“Those that do not want to go to school, we will train them in skill, empower them with sustainable empowerment machines to enable that child build his or her life and make up her mind who and when to get married”

She further stated that any contrary action by the speaker to hurriedly marry the girls off without proper investigation from the Federal ministry of Women Affairs would result in legal action against the speaker.

 

 

 

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