Author: Joy Gyakyor

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Sunday denied reports that the company is owing international oil traders $6.8billion and has failed to remit revenues to the Federation Account since January. Chief Corporate Communications Officer of the NNPCL Olufemi Soneye in a statement explained that the Nigerian oil giant continuous to meet its obligations of related invoices on a first-in-first-out (FIFO) basis. “Consequently, the following clarifications have become necessary;That NNPC Ltd. does not owe the sum of $6.8bn to any international trader(s). In the oil trading business, transactions are carried out on credit, and so it is normal…

President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo on Wednesday signed an agreement on Gulf of Guinea Pipeline Project, further affirming partnership for mutual development. Ajuri Ngelale, Special Adviser on Media and Publicity to President Tinubu in a statement said the agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles. President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment. The President stated…

Silence is very dangerous, especially when your words can be the only source of healing at a moment —-Israelmore Ayivor, Ghanian writer. Events around the world have shown the imminent danger of silence from leaders and its potential of having significant negative consequences within society at crucial moments like the current agitation in Nigeria over economic hardship and hunger leading to ongoing protests nationwide. Thousands of Nigerians took to the streets on Thursday morning, 1st August 2024, joining a nationwide protest that swept across major cities and the Federal Capital Territory (FCT), resulting unfortunately in killings and the destruction of…

Minister of the Federal Capital Territory Administration (FCTA), Nyesome Wike has vowed to pay personal attention to the speedy completion of the Apo/Karshi road project, to alternative routes for commuters on the outskirts plying into Abuja. The road was awarded 13 years ago but has been stalled by a series of intrigues including political interest. Inspecting the status of the project, Wike said “I would take this road as a personal project now, to make sure that we complete this road. “I want to appeal to the communities to bear with us, that the renewed hope agenda will be serious…

Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, and the Attorney General of the Federation (AGF) and Minister of Justice Latef Fagbemi on Thursday respectively welcomed the judgment of the Supreme Court on the financial autonomy of local government councils in the country as a step that would significantly foster the growth of the nation’s democracy.  Although it was not confirmed specifically why the officials visited the presidential villa, the three officials were among the guests of President Bola Tinubu shortly after he engaged with labour union leaders over the lingering debate on a new minimum…

The Supreme Court on Thursday delivered judgment stopping forthwith Governors of the 36 States of the Federation from any interference and holding of funds belonging to the 774 local government councils of the federation.  The judgment followed a suit instituted by the Federal Government against the 36 state governors of the federation on local government autonomy. In the suit, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi sought full autonomy and direct fund allocation to the 774 local governments in the country. The Attorney General had asked the apex court to invoke sections 1, 4, 5,…

The Nigerian National Petroleum Company Limited (NNPCL) is currently in talks with the Nigeria Customs Service (NCS) in a measure to completely halt cross-border smuggling of Premium Motor Spirit (also known as petrol). Group Chief Executive Officer (GCEO) of the NNPCL Mr. Mele Kyari on Friday paid a courtesy visit to the Comptroller General of the (NCS), Mr. Bashir Adewale Adeniyi where he lamented the impact of the menace on the nation’s economy.  Kyari particularly commended the rapid impact of the NCS’ “Operation Whirlwind” in reducing the smuggling of petrol across Nigeria’s border communities. He said PMS evacuation to border…

Group Chief Executive Officer of (NNPCL), Mele Kyari has announced that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition to the massive deployment of CNG stations nationwide, the NNPC Ltd and its partners would also build three Liquefied Natural Gas (LNG) stations in Ajaokuta.  “There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but…

….. as State House Press Corps holds special tribute session  The chairman of Dangote Group, Alhaji Aliko Dangote, and the Chief of Staff to the President Femi Gbajabiamila were among the dignitaries on Thursday who signed a condolence register to mourn veteran journalist Kabiru Yusuf, a presidential correspondent who died this week.  Yusuf has over two decades of media experience covering Aso Rock and represented Triumph newspaper at some point and Radio France International (RFI), until his death.  The signing of the condolence register came alongside a special tribute session organized by the SHPC to mourn the veteran journalist who…

As part of efforts to strengthen the sustainable growth of the agricultural sector in Nigeria, the Food and Agriculture Organization of the United Nations (FAO) organized a stakeholder workshop to share perspective on policy outcomes of selected Agri-produce and their impacts on the economy of the country. Communications Specialist of FAO – Nigeria, David Tsokar in a statement said the meeting held in Abuja on the 6th June 2024 under the umbrella of the policy options for optimizing Agriculture Sector Growth, Job creation and food security in Nigeria was aimed at sharing recent findings from FAO’s Monitoring and Analyzing Food and…