Author: Joy Gyakyor

The Nigerian National Petroleum Company Limited  (NNPCL) and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms in line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms. Under the new PIA regime, all existing Oil Prospecting Licenses (OPLs) and Oil Mining Leases (OMLs) would be automatically converted to Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Leases (PMLs) upon their expiration. Chief Group Communication Officer of the NNPCL Olufemi Soneye in a statement said that…

Minister of the Federal Capital Territory (FCT) Nyesom Wike has signed a Memorandum of Understanding (MoU) with two Chinese companies for the upgrading of electricity supply in Abuja using solar power systems. Wike signed the deal with China Civil Engineering Construction Corporation (CCECC) and China Geo-Engineering Corporation Overseas Construction (CGCOC) Group in Beijing, the People’s Republic of China’s capital where both parties agreed to undertake an electricity project within the city and water supply projects especially in rural areas of the city. According to statement by the Director of press in the Minister’s office Anthony Ogunleye, the FCT Minister was…

Kaduna State Governor Uba Sani is among President Bola Tinubu’s official delegation at the 2024 Forum on China and Africa Cooperation (FOCAC) in Beijing. He speaks about an agreement signed between his government and Huawei for the development of a smart city in Kaduna and its impact on good governance. NewsQuest was there and brings the excerpts: Q: You signed an MoU with Huawei. Can you shed light on it? The Kaduna State government signed a Memorandum of Understanding (MoU) with Huawei on Kaduna smart city project. The project is a very important one, for the fact that the State…

Nigeria’s electricty generation and distribution will significantly experience a boost following the signing of a Memorandum of Understanding (MoU) on nuclear energy with the People’s Republic of China, Minister of Foreign Affairs said in Beijing. The Minister Yusuf Tuggar who is one of the officials on President Bola Tinubu’s trip to the Chinese capital explained that the head of the Nigeria Atomic Energy Commission (NAEC) is expected to sign the MoU on behalf of the Federal Government. “It will help to stabilize electricity in Nigeria and of course, the technology itself, nuclear technology or atomic depending on how you look…

Minister of Water Resources and Sanitation Professor Joseph Utsev has denied reports alluding that the Dadin Kowa Multipurpose Dam in Gombe State collapsed following an increase in the volume of its water after a heavy downpour. The dam is situated in the Yamaltu Deba Local Government Area of Gombe State, approximately 37 kilometers from the capital city. It was in 1984 and serves multiple purposes, including irrigation, hydroelectric power generation, and water supply for the region. Utsev in a statement by his Personal Assistant on media and publicity Terlumun Oraduen said the information being peddled on the condition of the…

An efficient transportation system remains the bedrock for the advancement of any societal and economic progression especially in developing nations like Nigeria. In fact, transportation has proven to be a linchpin in the wheel of contemporary economic landscapes. It is undoubtedly true, therefore, that a modern city such as Abuja, requires top-notch reforms in the transport sector not only to alleviate urban congestion but to ultimately improve quality of life. Many residents of the Federal Capital Territory (FCT), received with excitement the news that the Federal Executive Council (FEC) at its meeting in Aso Rock, in May this year, approved…

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…