President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. The presidency said on Monday that Buhari, who doubles as oil minister, granted ministerial approval to the deal. Exxon and Seplat are expected to operate the unit’s oil licences, supporting Nigeria to meet its OPEC production quota in the short term as well as accelerating the development of gas resources in the area. Seplat said in February that its offshore unit had entered an agreement to buy the entire share capital of Exxon’s Nigerian offshore shallow water business for $1.28 billion, plus a further consideration of up to $300 million based on the oil price and the average production of the unit, Mobil Producing Nigeria Unlimited, over a five-year period.

The National Union of Road Transport Workers (NURTW) has declared that no politician can use its members for campaigns again. The Kwara Chairman of the union, Alhaji Abdulkareem Abdulrasak, made this known to the News Agency of Nigeria (NAN) on Monday in Ilorin. Abdulrasak said that NURTW members were part of stakeholders to ensure a free and fair election, adding that the rules that govern them did not allow any member to belong to any political party. “Once you are a member of NURTW, you cannot support any political party, not to talk of campaigning for them or move around with them. “It has been stated that anyone found participating in a political rally or fighting for a particular politician to win will be punished accordingly and also dismissed from the union. “This is to ensure a free and fair election and also to have peace and stability in the country before, during and after the elections,” he said. The chairman explained that many people have a wrong mindset about commercial drivers, as they believe that majority of them are trouble makers and irresponsible people. Abdulrasak said that the President of NURTW, Alhaji Tajudeen Baruwa, had ensured that the union members were well catered for by making the work easy and free of corrupt leaders.

In its latest Nigeria Electricity Report 2021, the National Bureau of Statistics says earnings by distribution companies jumped by 44.5 percent compared to the previous year. Specifically, the total revenue collected by DisCos stood at ₦761.17 billion, as against ₦526.77 billion in 2020. The report was released in Abuja on Monday. Electricity customers increased from 10.37 million in 2020 to 10.51 million in 2021, the report noted while the number of metered customers rose by 36.18 percent from 3.51 million in 2020 to 4.77 million in 2021. It, however, said estimated billing customers decreased by 16.32 percent from 6.86 million in 2020 to 5.74 million in 2021. The report showed that in total, the electricity bill in 2021 grew by 5.98 percent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021. It said that the Abuja Electricity Distribution Company (AEDC) recorded the highest number of metered customers in 2021 at 701,781, while Yola Electricity Distribution Company (YEDC) recorded the least with 65,098. The report said Ikeja Electricity Distribution Company (IEDC) recorded the highest electricity supplied in 2021 with 4,088.62 Gwh, while YEDC recorded the lowest at 422.00 Gwh.

More than 30 rebel and opposition factions signed a peace pact with Chad’s transitional authorities on Monday, agreeing to join broader talks after years of turmoil – though the most powerful insurgent group refused to take part. Delegates meeting in Doha broke into applause after the rebels agreed to cease fire and participate in a national dialogue that Chad’s leader has said could pave the way to elections in the central African country. But the Front for Change and Concord in Chad (FACT) – a Libya-based group that threatened to march on the capital last year – quickly rejected the deal, saying negotiators had not listened to its demands, including the release of prisoners. The rejection by FACT and at least eight other rebel factions cast a pall over celebrations of the agreement which was hammered out after months of talks in Qatar’s capital. Mahamat Zene Cherif, the interim military government’s foreign minister, said he believed the agreement would lead to sustainable peace. “Most of the armed groups signed this agreement and they will take part in the national dialogue. And this national, inclusive dialogue is a forum for all Chadian people,” he told reporters in Doha. He said the interim government was currently holding about 400 FACT prisoners and would not release them without guarantees that they would not rejoin the fighting.