Buhari: Pinnacle Oil’s Facility Has Reduced Congestion in Apapa, Cost of Fuel Distribution Deji Elumoye in Abuja and Peter Uzoho in Lagos President Muhammadu Buhari yesterday inaugurated the Pinnacle
Oil and Gas FZE Terminal in Lekki, Lagos, where he disclosed that the operations of the facility have eased congestion in the Apapa area, and reduced the cost of
delivery of petroleum product distribution to many parts of the country. In a visual message at the inauguration of the facility, the
president congratulated the Chief Executive Officer of Pinnacle Oil and Gas Limited, Mr. Peter Mbah, for establishing the massive terminal facility and providing
hundreds of jobs to Nigerians. Buhari described the investment as a demonstration of the success of his administration’s agenda to transform the nation’s economy,
adding that the federal government looks forward to many more investments of this magnitude. Continued on page 5
Find out How Terrorists Get Arms and Have Yours, Danjuma Tells Nigerians… Page 5 Sunday 23 October, 2022 Vol 27. No 10057
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NCC to Auction Two Additional 5G Licences for $547.2m Emma Okonji The Nigerian Communications Commission (NCC) is set to offer two additional slots in the 3.5 Gigahertz (GHz) spectrum band for the deployment 5G network in the country.
It set the reserve price at $547.2 million, translating to $273.60 million for each licence. NCC disclosed this at the weekend in its Draft Information Memorandum, titled ‘Information Memorandum on 3.5 GHz Spectrum Auction’, which it
published on its official website. According to NCC, the offering includes the remaining lots of 2 x 100 megahertz (MHz) in the 3.5 GHz spectrum band to support 5G deployment in Nigeria. NCC last December, offered a 3.5GHz spectrum to MTN
Nigeria Communications Plc and Mafab Communication to support their 5G rollout. Since NCC awarded the 5G spectrum, MTN has launched its 5G network in selected locations while Mafab is yet to roll out its 5G network.
“The spectrum reserve price (RP) is the minimum price for one slot of 100MHz TDD for a 10-year licence tenure fixed at $273,600,000.00 or its equivalent in Naira at the prevailing Central Bank of Nigeria (CBN) rates at the time of the auction, according
to the memorandum. The commission said it had developed a draft information memorandum (IM) to support the attainment of this objective through an auction process. Continued on page 5
Atiku Promises to Revive Economy as Tinubu Pledges to Improve Welfare of Nigerians Okowa, Obaseki, Tambuwal, Ganduje, Adamu confident of their parties’ victory Chuks Okocha in Abuja, Adibe Emenyonu in Benin City and Ibrahim Shuaibu in Kano The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has promised to revive the Nigerian economy if elected in 2023, just as his counterpart in the All Progressives Congress (APC), Bola Tinubu promised to move Nigeria to the right direction, particularly the welfare of the people, if elected in 2023. While Atiku made his promise yesterday at a mega presidential campaign rally of the Peoples Democratic Party (PDP), held at the Samuel Ogbemudia Stadium in Benin City, Tinubu spoke while inaugurating the Kano State Governorship Campaign Office situated at Club Road, Kano. The PDP presidential candidate said Nigeria’s unity would be his number one priority if given the opportunity to lead the country in 2023. He also made a strong case for Continued on page 5
RECEIVING ROYAL BLESSING… L-R: Oba of Benin, Oba Ewuare II; Presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar; his running mate and Governor of Delta State, Dr. Ifeanyi Okowa; National Chairman of the PDP, Iyorchia Ayu; Edo State Governor, Mr. Godwin Obaseki; and his deputy, Hon. Philip Shaibu, during their visit to Oba of Benin’s Palace shortly before the party’s presidential campaign rally in Benin City…yesterday
Again, UAE Imposes Visa Ban on Nigerians, Rejects Applications… Page 8