Archived edition · 18:49 Lagos
Wednesday 14 October
- New articles analysed in today’s runs
- 18
- High-risk articles today
- 1
- Board appointments today
- 0
- Contract awards today
- 4
Key Developments
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Energy Sector Shift
Shell has signed an agreement to divest its domestic gas business in Nigeria, with Vaaris Energy identified as the buyer ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMixgFBVV95cUxOVDQyQWpwMHh5Mk84QjZaYUNmQ0RVajZlU1VZYUdlb1dRbkZLT2VpbUMxTjJIQnp6SFpyZXg3dnJuZ0dvaHFndDR4NEFjcXZxVjBjLU50R3FieVRvTS03a29MSUJlMjhldW5wZVFDZV9QNUVGc3pRci1vbFc2ck05MzFQWURSb080Q0NCVmR4bFhmV2IxT0p2dnZ3N21oVFhhVjZ0MTZUV1JBYl9VakZVZG5GZTZ5QkxIWHRhTkhjTlYybHN4cXc), [punchng](https://punchng.com/shell-signs-deal-to-sell-nigerian-gas-business/)).
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Financial Regulation
KuCoin Nigeria Limited received conditional Approval-in-Principle (AIP) from the SEC to join the Accelerated Regulatory Incubation Program ([The Next Web](https://thenextweb.com/news/kucoin-nigeria-sec-conditional-approval-arip), [Diariobitcoin.com](https://www.diariobitcoin.com/regulacion/exchange-cripto-kucoin-obtiene-aprobacion-condicional-para-operar-en-nigeria/)).
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Economic Policy
The Nigerian government is promoting 65 investment opportunities valued at $78.5 billion to attract foreign capital ([The Eagle Online](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNd24tdExUYW91Q2FhMVdhRzNpMGZTNVJaMHBnR3BRQmd0dUdsLUYwcW92bFhQYVFZRnZHM3JQUWlpdkcydHUyYXNELXNIX0l0NXR5UXlQUkZHRE5oSnlPTVlYN09tVWVoVTd4NV96TlMzbjVvVlRVMG1DNnZNNDVGcTd1dEVWaHpGZlBqNXgtTFVZRjlGYWpBQl9vdXZRTHY2Q2pVeERTeGd3dw)).
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Governance & AML
Federal efforts include training 100 officials for an anti-money laundering assessment and discussions by former VP Osinbajo on improving the corporate governance code ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMixwFBVV95cUxOMUNaLW5kZzh5YjdQMld4YzRjY05iNjJRMGtKSVRqSUJVLURZU0tfQTcwWXJNcFQ4TGNNTWpmVHVpQV8wYkdyM2hwSzZNMlhlVTJVRFJyZm0yQmZESjlkZ0NtQVBseEYzb0hGU2F6em1MSGVlU0VFTllHWjB6d0FJMHJCQ1R2dS1ZOHVWcjEyVDl6MThpUGpuczVDOFJvZ3hRTzhKRFRKTTBCVkVLZWJGU0ZWbDY2UlZDc1pUUHJydkMyRVlhX3lZ), [Businessday NG](https://news.google.com/rss/articles/CBMiywFBVV95cUxOcjE0bms3blpwNC1uUWxKYWRVLV9lSEFRalRzUjctMk9tVWJ4cGVzVGl5NkJxYnpERGcycFhvOFdLMTZBQUtZX1NFOXB5aXFqaV�ZkJjbDdWcFRYek9rZ1U0MVE2eHREYUdDamdYbzl3Z0xMdGVRbnJPNzVkS2haR3VrNDZCTWs4LUdnLUxGY1M4enlBM2tfUHVOWTZTNUJ4emRMQ0JmS3p5QnUwa3Z5YjA0TU1GbERNbFdmc3ZjV1Fpb1dlano4S1FnTQ?oc=5)).
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Other Updates
Additional developments involve the IMF advising against blanket fuel subsidies and the NCC introducing device verification codes ([Punch Newspapers](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNSnFpcGpuVlZ0N0dMSU4wMWZ1MGFqM1gzUUpQa21GTFpHM2hDa1VvYnJhcE80UkVuYjdMM2J3TFRiazEycHJ2VlNuTFU2NFkwTG1COTZPdk5vam9xUmRFcHVqSllTZEFGaV81VDBpUXhONGxrTTdaYVBFRkU4dFJSaWsyNDllZm9R), [The Guardian Nigeria News](https://news.google.com/rss/articles/CBMijAFBVV95cUxPdlNySTVmRXNkVUU0Sk9kTF9Ba3JjLW05dDVSN2xieHY2VHJDa3ZQM3VncDF2d2xObkRTTkJfYTVhZmUxU1ZWTVZHbjRkNkphTHFjd0ttX0pzZHpNSXZxM1luVF9xOC1ZV2g0NE9GbF9jeSJCdy1FR1c4SWNyZmhNcW9ic0d5b3NWOHFOQQ)).
High Risk Alerts
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Alleged Public Corruption
Court witnesses and investigators allege former Governor Nasir El-Rufai budgeted $600,000 to bribe EFCC officials to obstruct investigations ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQdmE0LUZPN0dQeUxvaUFZRkFsMW5wMUpPazkyV1BMYk1mV04xbGNNTmN1Z1JSSUo5aFYxdF94N1RmTnJ5aTRubXVhNHJXdHlwNTltSklZMzgtdG8yN3lZVVNnUEJ5alpJdUlqcVNQS3lsajI0dVYxQkdITUo1VlU5dFp2RS1SVmlkSm56ZHJHMHNMTUcyWXpaa3BPS09PN2ZhMDFPYzVfLWJhekxQVG1ZTHlubkl3WlhQOEFia1piZG1XQzBQdFpqXzNKOUlORmdiQTMycDZLW), [Punch Newspapers](https://news.google.com/rss/articles/CBMitAFBVV95cUxNa0JyVmJENXRySWRwMFo1SWQzOXNvX3ZKNS1IRk5ubHZwbVlxc0JCVDZ2Z3VsZXVhdmx6SFRFTE4ybmR2eG1VV21FWmhkdDVpM1pFQlNYNnBhS1EtUUNjZnJaclg5VXgwNkE0UXZBcjc1bXZWdzQ3aTBJcW1tUmt3VW9KUTJRTlNyR04wUnpuZGRyVVc4T1ZLbG1WZ1ZXTXRpNUZBWHRodzhBMTgxc1F4SktfUzI)).
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Prosecution Reopening
The EFCC has reopened a 2006 corruption case specifically seeking to prosecute Atiku Abubakar ([The Eagle Online](https://news.google.com/rss/articles/CBMinAFBVV95cUxNOXp6SlBSa25WaWlFQUw3RHJXbDhxSng0eTY0SFFXSXpxZ195S3NScjk5MWdmZFpPcTRzdkN6RDktRnduVnZPcEptbTFDT2xaUURyYXkwWVNCd3o2MExoVXZQamhxQk81bF9MeGlLZTJNMGlRQ0RIQm5CWmFzQnk0czhObXFEZi1OU1VSOEJVOVJFWk1BMlU4Z0tCNGY)).
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Procurement Violations
An audit report indicates the FCT judicial committee violated financial regulations and procurement laws in awarding contracts worth N866.5 million ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi-gFBVV95cUxNaDV4UzRheER3dVpSbFpMb0U2WVVWM01XT1VOUkY0eTM0LXF0MmxNc1JyN2dfaFNSWlgxZEc3LWFpZ0x6ZVp6R2N2VmstTDR1T1lnM1JQWjI5UkhSYkpkek50cFQtTWN2VGllLUhhMGc5d3J0b1NXOXVHSnJ0eDNidkswel91eXYwcVpsaDVfM09MZUVYcVFzeUZrYVNwbVRSUjZHaDJpaXRHbUJlSzVwN1VDOVpwMUlfMFVzQlowcnBlRW9oNUtZUGc2RXZDSGZvOVdwM3hsMFlYS2hYUTR3Z3NkMDRYTU5XSmVUVVJJN2NaWXFNdG10dmd3)).
Beneficial Ownership & PSC Disclosures
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Holder
Okunbor; Company: Pipeline Infrastructure Nigeria Limited; Percentage: Not stated; Control: Significant influence or control (Direct); PEP Status: No; Filing Status: Disclosed ([The Punch](https://punchng.com/reps-panel-clears-pinl-okunbor-of-corruption-allegations-backs-pipeline-contract-extension/)).
Procurement & Board Changes
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Contract Scrutiny
The Senate has ordered a one-month review of a N100.5 billion refund request concerning the Yobe Airport project ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNYjR0YmR4cS00REVpOHBXOVlWa2FJY2tGd000OHpRaUM5LWhLV3VEdGxlM0c4S0lLUlRRUFhCM181RlQxcGxzZ1VmclNqUktsQXh3RzZXV21abjNuWE5HdUZHci1YQlBTMTFyV0oxSzlYU0owVDNWa2ZkbTdwbERfYmZlNm9TVFlnbm82X2o4Vkk4SGNIR3pKaGJ6T2djOXN3WUVaTGJHQ1g)).
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Transparency Demands
The Allied Peoples Movement is demanding full disclosure of costs and procurement records for the Lagos-Calabar Coastal Highway project ([The Punch](https://punchng.com/coastal-highway-apm-campaign-council-demands-full-disclosure-of-contract-details/)).
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Contract Extension
A House Committee has recommended the extension of a pipeline surveillance contract for Pipeline Infrastructure Nigeria Limited after clearing it of corruption ([The Punch](https://punchng.com/reps-panel-clears-pinl-okunbor-of-corruption-allegations-backs-pipeline-contract-extension/)).
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Regional Projects
Governor Otti is accelerating the Abia industrial park project, and the Edo assembly is reviewing a N77.5bn supplementary bill ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOWUxBSG5jaTN4OHB2cm1LcWVCdzYtbFJrTkNobjJidk5YcjMtUjdMZnhzZDNqMHh1SmtyZ3RueWVuN1RQMC1jdkp4RFMwcWpzMjBZQnJ5bnRlbnpJX3JSTjdEeXpzbXBuZG4wdnF1LWNDWkxEZmFZekVQRlQ1Snc5LTJjODFKY2ZDMGVnaU5vNkFDTFg2bWUxZktiazM2MWNHamNkcm02ME9NQkFjRHZ6Z1JUWVBnTnlsd3JPTWVZdUIxSkE), [Premium Times Nigeria](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQdFNyUjVFS2JqYUw0ZlB0eVctYVd3bHQ0MGVoc1pmSldndTJlWElYSmxFOThQTkFQSU5QamlIM3lRbU41ZUs1SF9ncDlRZ3N1cG5Sdl94M2hUTDZBbEtnNXUtT0UzS00ycXZMMTJ4SWN6YlYwOGVqekdZd0ZqenY0Ukphc3MyM1dpU2YxbXl5NDRMVXlTTHlOY1ZvTnJPQTd3MFhrUmwwdlVfTnl3UG1TbEFHUVZFcDVHZHYxaURaMWVJaFpnZmJCeFZVQktkMG5sRWc)).