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The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost its finances and allow investment in its business, the Group Chief Executive Officer, NNPC, Mele Kyari, has said. Sources familiar with the situation said the oil firm aims to raise at least $2bn through the proposed new loan. In August 2023, NNPC announced that it had secured a $3.3bn emergency crude oil repayment loan from […]
The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost its finances and allow investment in its business, the Group Chief Executive Officer, NNPC, Mele Kyari, has said. Sources familiar with the situation said the oil firm aims to raise at least $2bn through the proposed new loan. In August 2023, NNPC announced that it had secured a $3.3bn emergency crude oil repayment loan from […]
The leader of the Indigenous People of Biafra, Nnamdi Kanu, on Wednesday, denounced the killings in the South-East over the group’s agitation for secession. He also appealed for an out-of-court settlement of his ongoing treason trial by the Federal Government. The IPOB leader, who has been in detention since 2021 following his re-arrest in Kenya and repatriation to Nigeria, made the appeal on Wednesday when he appeared for the continuation […]
No fewer than three million poor and vulnerable households have benefitted from the $800m palliative loan disbursed by the World Bank to cushion the effect of recent government policies, such as the fuel subsidy removal. Of these beneficiaries, 700 thousand households were from rural areas and about 2.5 million households were from urban areas. The World Bank revealed this in its restructuring paper on how to bolster its social safety […]
Nigerian actress, Toyin Abraham, took to social media on Sunday to praise her colleagues, Funke Akindele and Mercy Aigbe, as she urged for more positivity within the Nollywood film industry. “Please, it is time we celebrate ourselves more rather than compete with ourselves. We need to create an ecosystem of more successful people so we can all have more capability to create more successful people,” she wrote. She also admitted […]
GreenLight Initiative Seeks Accountability, Inclusiveness, Youth Participation in Governance The GreenLight Initiative, has expressed its readiness to foster collaboration towards meaningful youth participation in governance. It made its position known during a courtesy visit to the Honourable Commissioner, Public Complaints Commission, Hon. Dalhatu Musa Ezekiel, as part of its ongoing project activities supported by LEAP Africa and the Nigeria Youth Futures Fund which aimed at catalyzing youth action for accountability […]
The Federal Government on Tuesday asked for the support of the United States on its membership in the G20 and a seat on the United Nations Security Council. President Bola Tinubu made the request on Tuesday at a bilateral meeting with the US Secretary of State, Antony Blinken, at the Presidential Villa, Abuja. Addressing a joint press briefing after the bilateral discussions, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, said […]
The Independent Campaign Council of the Ododo/Joel Campaign Organisation has congratulated Alhaji Ahmed Ododo on his victory in the Kogi State governorship election. The Independent National Electoral Commission on Sunday declared Ododo of the All Progressives Congress the winner of the November 11 governorship election. According to the results announced by INEC, Ododo polled 446,237 votes to emerge victorious. In a statement signed by Media Director, Jacob Edi, on Monday, […]
The Spanish Navy has reiterated its commitment to partner with the Nigerian Navy to tackle maritime insecurity in the Gulf of Guinea. The Spanish Ambassador to Nigeria, Juan Jell, said this on Monday night in Apapa, Lagos, during the reception on board its warship, Bam Tornado. Jell explained that the exercise was part of Spain’s three-month deployment of ships within the Gulf of Guinea. “This ship is in Lagos as […]
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