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Oil pipeline vandalism drops by 37 21%

By Sebastine Obasi There seems to be silver lining in the horizon as the Nigerian National Petroleum Corporation (NNPC) said it has recorded a 37.21 per cent decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR). The report indicates that a total of 27 pipeline points were vandalized in January 2021 down from the 43 points recorded in December 2020. Specifically, the report noted that the Mosimi Area accounted for 74 per cent of the vandalized points while Kaduna Area and Port Harcourt accounted for the remaining 22 per cent and 4 per cent respectively.

Rising debt: DMO blames COVID-19, experts say borrowing from CBN dangerous

Rising debt: DMO blames COVID-19, experts say borrowing from CBN dangerous Everest Amaefule, Nike Popoola, Femi Asu, Okechukwu Nnodim and Temiloluwa O’Peters Published 3:47 am Everest Amaefule, Nike Popoola, Femi Asu, Okechukwu Nnodim and Temiloluwa O’Peters Published 3:47 am Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the coronavirus pandemic on the economy, the Debt Management Office has said. However, some economists and experts have warned of the dangers of continued borrowing from the Central Bank of Nigeria by the Federal Government. Both the DMO and experts were responding to questions posed by our correspondents following the claim by the Edo State Governor, Godwin Obaseki, that the country printed N60bn to augment what the three tiers of government shared in March.

Lafarge Assemble Professionals to Address Root Cause of Building Collapse

By Bennett Oghifo Addressing the root cause of building collapse in Nigeria will be the focus of today’s discussions at the second edition of Lafarge Africa’s quarterly webinar – Concrete Ideas, a platform for deliberation of issues, policies and developments shaping Nigeria’s construction, infrastructure and housing sectors. At Lafarge Africa Plc.,’s previous Concrete Ideas webinar series with the theme: “Public-Private Partnership Approaches to Rapidly Upscaling Nigeria’s Economic Infrastructure,” professionals proffer credible solutions and implementable options to the nation’s infrastructure problems. Today’s discussions will be headlined by the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, as Special Guest of Honour. There will also be in attendance reputable Thought Leaders, including Engr. Joseph Makoju, Chairman, Nigerian Cement Association, Michael Scharpf, Head, Sustainable Construction, LafargeHolcim, other experts in public poli

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