Author: NewsQuest
Nigeria’s leadership in Africa, and multilateral organisations like ECOWAS and the African Union, underscore its geopolitical importance, writes Ademola Oshodi. Africa’s most populous nation and fourth largest economy, Nigeria, is relevant in global business and geopolitics. Its vast resources, dynamic population, and regional leadership present opportunities and challenges to global players navigating economic interests and political realities. As Africa’s largest market, Nigeria’s human and mineral resources, expanding middle class, and youthful demographic, create lucrative opportunities for global businesses. Its rich oil reserves, growing renewables, and agricultural potential present diverse opportunities in international energy markets and investment. Considering the promise of…
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed claims suggesting that the bounced-back Port Harcourt refinery is not producing products, insisting that the plant is currently operating at 70 percent of its installed capacity. NNPCL said the revival of the national asset remains a significant step forward after years of operational challenges and underperformance. Chief Corporate Communications Officer of the NNPCL Olufemi Soneye in a statement said the board of the management of the nation’s oil giant expresses heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day old Port…
The United States will begin a renewed drive for a ceasefire in Gaza today, the country’s national security adviser Jake Sullivan has said. Sullivan told MSNBC that US President Joe Biden “intends to begin that work today by having his envoys engage with Turkey, Qatar, Egypt and other actors in the region”. The move comes a day after US President Joe Biden announced a separate ceasefire between Israel and Lebanese armed group Hezbollah. He said the US along with other nations would also push for a ceasefire in Gaza, coming alongside the renewed push. NewsQuest reports that all of these…
President Bola Tinubu on Tuesday extended deep commendation to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on 26th November 2024. In a statement by his Special Adviser on Information and Strategy timo President Bayo Onanuga, Tinubu acknowledged the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all the nation’s refineries and expressed gratitude to the African Export-Import Bank (AFXIM) for its confidence in financing this critical project. President Tinubu commended the leadership of the NNPCL’s Group Chief…
Minister of the Federal Capital Territory (FCT), Nyesom Wike on Saturday appointed with immediate effect, Mr. Olalere Olayinka as his Senior Special Assistant on Public Communication and Social Media. A statement by the Director of Press in the Minister’s office Anthony Ogunleye said a seasoned media and communications professional, Mr. Olayinka brings over 20 years of experience in journalism, public relations, and media management. According to the statement, the new FCT spokesman’s career spans a wide range of roles in both the public and private sectors. READ ALSO: ‘Tinubu’s support helping us to deliver in Benue’ Mr. Olayinka has held…
The food and nutrition insecurity analysis, Cadre Harmonisé, led by the Government of Nigeria and supported by partners, alerts on the deterioration of food security in Nigeria with 33.1 million people expected to face high levels of food insecurity in the next lean season (June-August). The Food and Agriculture Orgamisation (FAO) of the United Nations in a statement said that it is an alarming 7 million people increase from the same period last year, driven by economic hardship, coupled with record high inflation, impacts of climate change and persistent violence in the northeastern states. “Between October and December 2024, 25.1…
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday, said that 25 million vulnerable Nigerians from five million households are currently on a verified databank of the social investment programme receiving N25,000 Monthly. The programme involves direct cash transfers to individuals on the social register, verified through biometric identification and paid through bank accounts or mobile wallets. Speaking to State House correspondents after the National Economic Council (NEC) meeting presided over by Vice President Kashim Shettima at the Presidential Villa Abuja, the Minister explained that the first and second payments have already been made to beneficiaries.…
Minister of the Federal Capital Territory Administration (FCTA) Nyesom Wike on Thursday flagged off the Renewed Hope Youth Empowerment Programme in Abuja with the distribution of 80 vehicles to youths at no cost. The Minister at a ceremony signalling the round-up of his nine days of project flag-offs in the city said that the Federal Government’s commitment to improving the lives of youths through the FCT Renewed Hope Youth Empowerment Initiative was genuine. Wike said the vehicles—30 Sports Utility Vehicles (SUVs), 30 7-seater Suzuki Minibuses, and 20 14-seater Hiace buses—would provide employment opportunities for the youth and also reduce the cost…
The National Economic Council (NEC) on Thursday directed the Ministry of Water Resources and Sanitation to commence a comprehensive integrity review of the state of Nigeria’s waterways and dams in a step to mitigate the ravaging impact of flooding. Governor of Anambra State Professor Chukwuma Soludo disclosed this while briefing State House Correspondents at the Presidential Villa, Abuja after the NEC meeting presided by Vice President Kashim Shettima. He said that the Minister of Water Resources and Sanitation Professor Joseph Utsev had briefed members of NEC on the Federal Government’s intervention activities across the country regarding the impact of this…
President Bola Tinubu on Thursday said that most foreign firms were eager to invest heavily in Nigeria’s Livestock industry with the potential that support the growth of the nation’s Gross Domestic Product (GDP). The President who lamented on the long-term neglect of the livestock sector spoke during the opening of the stakeholder’s workshop on Livestock development at the Presidential Villa Abuja. He said livestock can contribute significantly to providing decent jobs to millions of youth. “I am delighted to join you at this consultative workshop, dedicated to one of the most critical aspects of our nation’s development. The livestock sector…