Author: Joy Gyakyor
A senior government official on Sunday assured that the Nigerian National Petroleum Company Limited (NNPCL) followed due process in securing the $3billion emergency crude oil repayment loan from the African Export-Import (AFRIEXIM) Bank headquarters in Cairo, Egypt. The oil-for-cash loan is to be utilized to support the naira as it continues its free fall and also stabilise the foreign exchange market. A competent source privy to the loan arrangement told NewsQuest that President Bola Tinubu’s economic team was deeply involved in structuring the terms of agreement for the $3 billion loan. The source who prefers not to be quoted because…
The Federal Capital Territory Administration (FCTA) on Saturday repaired a major water pipe that leaked along the Dutse area of Abuja that released huge volume of water causing panic among many residents. NewsQuest correspondent gathered that the FCTA authority sent in words of commendation to the water board team for their proactive response in handling the pipe leakage. “Special appreciation to the mgt and staff of FCT Water Board for their prompt and professional intervention yesterday,” an official who does not want to be quoted in print said. “Numerous calls were received yesterday with videos of a major pipe burst along Dutse…
President Bola Tinubu on Saturday urged the United States of America to do more in defence of democracy in Africa especially at a time when the region is under assault by anti-democratic forces within and outside of the continent. Special Adviser on media and publicity to the President Ajuri Ngelale in a statement said Tinubu met with the U.S. Presidential Envoy and Assistant Secretary of State for African Affairs, Ambassador Molly Phee at the presidential villa to ensure that American policy is intentionally collaborative with independent African democracies. President Tinubu said that American-backed development finance and multilateral institutions, which were…
The appointment of Nyesome Wike by President Bola Tinubu as minister of the Federal Capital Territory Administration (FCTA) comes with a mix feeling for residents of Nyanya, a satellite town bordering Nasarawa State on the northern entrant route of the nation’s capital city Abuja. On one hand, it is a sigh of relief from the dominance of a section of the country perpetually holding onto the leadership of the nation’s capital since its creation in 1976. There is also the feeling that given his wealth of experience as the immediate past governor of Rivers State, Wike has the capacity to…
The Nigerian Army, Friday warned troops deployed to checkpoints on roads across the country to desist from unprofessional conducts that are capable of portraying the service in a bad light. Acting deputy director of Army Public Relations of 82 Division of the Nigerian Army Lt.-Col. Jonah Unuakhalu, said the military has been involved in manning checkpoints across the country due to insecurity which has threatened the sovereignty of the country. The Army handed down the warning during a sensitisation lecture was held at Abakpa Military Cantonment, Enugu. “The military has been involved in manning checkpoints across the country due to…