Business
Agege-Pen Cinema Bridge ready Feb 2021 – Sanwo-Olu
Agege-Pen Cinema Bridge will be open for use by February 2021, Lagos State Governor, Babajide Sanwo-Olu, has said.
The governor stated this during an inspection of the project on Wednesday.
He said the the 1.7 kilometre-long bridge was at 90 per cent completion, adding that all civil works had already been completed.
A statement by Chief Press Secretary to the governor, Gboyega Akosile, quoted Sanwo-Olu as saying, “We have just finished an inspection and a walk-through of the Agege Pen Cinema Bridge.
“The level of completion of the project is around 90 per cent. All the major brick work has been done and we are left with two major deliverables, which include cleaning up the intersection and signalisation.”
He also said, “There are four synchronised signalisation we are expecting to have and each must work together with the other. We are expecting that all these will be done early next year. This is in fulfilment of the promise we made that we will complete all projects abandoned. We are giving the contractor handling this project a maximum of eight weeks to attend to little snags in the project.
“By second week in January, vehicles can move on the bridge but we may need additional four weeks to complete the signalisation, road painting, and demarcation. We are looking forward to fully hand over this project sometime in February next year.”
The overpass ascends from Oba Ogunji Road and drops at Oke Koto axis of Agege. The bridge also opens to the old Lagos-Abeokuta Expressway through Abule Egba.
Business
NNPCL launches production monitoring centre
NNPCL launches production monitoring centre
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled the Production Monitoring Command Centre, an initiative designed to revolutionise hydrocarbon operations and drive increased production.
The initiative, led by NNPC Upstream Investment Management Services, aims to improve monitoring, operational efficiency, and production, building on the success of the Command and Control Centre.
Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., stated that the PMCC aligns with President Bola Tinubu’s policy to increase efficiency and boost production in the industry.
A text and video statement were also published on the company’s website on Wednesday.
“The PMCC serves as a unified platform for monitoring hydrocarbon molecules from production to export terminals, covering Joint Ventures (JVs) and Production Sharing Contracts (PSCs).
“By consolidating real-time data from various operators, the PMCC provides a comprehensive overview of production activities. This ensures timely identification of anomalies, minimises unplanned disruptions, and supports seamless operational continuity.
“With advanced analytics and integrated data, the PMCC empowers stakeholders with actionable insights for proactive decision-making.
“This capability enhances planning, resource allocation, and risk management, enabling operators to meet production targets efficiently and maintain high operational standards.
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“A standout feature of the PMCC is its support for predictive and preventive maintenance. By monitoring equipment performance and coordinating maintenance activities, the system ensures the reliability and longevity of assets,” Soneye explained.
He went on to say that the PMCC encourages stakeholder engagement by offering a safe platform for data sharing and communication, enabling effective problem-solving and continual development throughout the sector.
Soneye stated that the PMCC’s involvement in reducing downtime and optimising maintenance directly correlates with higher production and income.
“Under Mele Kyari’s leadership, NNPC Ltd. has achieved a production increase to 1.8 million barrels per day (bpd) and is working towards a target of two million bpd.
“The PMCC is integral to achieving this goal by driving efficiency and enhancing production capabilities.
“The PMCC operates 24/7, staffed by trained professionals, and utilises cloud-based solutions to ensure seamless data exchange with internal and external stakeholders.
“With direct communication links to the Industry-Wide Security Command and Control Centre, the PMCC also enhances the security of production operations,” he added.
As NNPC Ltd. continues its modernisation journey, the PMCC shows its dedication to innovation and excellence in the oil and gas sector.
This program not only matches with national aims but also strengthens Nigeria’s position in the global energy market, assuring long-term growth and profitability for stakeholders.
NNPCL launches production monitoring centre
Business
Naira slides to N1,650/$ in parallel market
Naira slides to N1,650/$ in parallel market
The Naira yesterday depreciated to N1,650 per dollar in the parallel market from N1,648 per dollar on Monday.
However, the Naira appreciated to N1,537 per dollar in the official foreign exchange market.
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Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1537 per dollar from N1,538 per dollar the previous day, indicating N1 appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate widened to N113 per dollar from N110 per dollar on Monday.
Naira slides to N1,650/$ in parallel market
Business
Airtel Nigeria calls for urgent actions as fibre cuts hit 43 daily
Airtel Nigeria calls for urgent actions as fibre cuts hit 43 daily
Telecommunication company, Airtel Nigeria, has called for urgent actions to protect telecom infrastructure as vandalism continues to surge leading to a record of an average of 43 fibre cuts daily on the Airtel network alone.
The company’s Director of Corporate Communications and CSR, Femi Adeniran, who made the call, said the telco had suffered a total of 7,742 fibre cuts in the last six months.
According to him, fibre cuts—primarily caused by construction activities, vandalism, and a lack of coordination between stakeholders—have become an epidemic in the Nigerian telecom industry.
“These interruptions not only inconvenience consumers but also hinder businesses, delay government operations, and compromise public safety, particularly in emergencies,” he said.
Emphasizing the critical roles of telecommunications in the economy, Adeniran said telecommunications infrastructure is not just about phone calls or browsing the internet; it powers vital sectors like education, healthcare, banking, and public safety.
In a world increasingly defined by digital transformation, the integrity of our telecom networks is as critical as our roads, bridges, and airports.
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“Imagine waking up one morning to find no internet, no mobile network, and no access to emergency services—all because a single fibre cable was carelessly severed during routine construction.
“This is not just a hypothetical scenario; it’s a reality that plays out daily across Nigeria, threatening the backbone of our digital economy and undermining national security.
“On average, operators report multiple incidents daily, disrupting services to millions of Nigerians. Airtel Nigeria alone records a daily average of 43 fibre cuts and in the last six months, a total of 7742,” he shared.
Adeniran called on all stakeholders including government agencies, security agencies, construction companies, telecom operators, the media and civil society, to collaborate urgently in safeguarding Nigeria’s telecommunications infrastructure.
While the federal government had recently designated telecommunications assets as critical national infrastructure, the Airtel Director noted that beyond policy declaration, there is a need to urgently move to practical actionable steps some of which include:
- Stronger Enforcement and Coordination: Security Agencies and Regulatory bodies, must enforce stricter penalties for fibre damage while creating platforms for seamless coordination between construction companies and telecom operators.
- Regulating and Monitoring the Operations of Construction Companies: Construction companies to be regulated and monitored to ensure they accord similar status to telecom assets as they do to assets of other utility companies.
- Right-of-Way (RoW) Simplification: Streamlining the RoW process will ensure operators can bury cables securely and proactively plan for infrastructure protection in partnership with local governments.
- Adoption of Technology: Leveraging geospatial mapping and real-time monitoring tools will enable better identification of high-risk zones and faster response to incidents.
- Increased interest and Support from the Nigerian Media: Media stakeholders should support Public and private sector actors to drive targeted campaigns and public enlightenment on the importance of telecom infrastructure and the dire consequences of fibre cuts.
Airtel Nigeria calls for urgent actions as fibre cuts hit 43 daily
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