GCEO, NNPC LTD, Mele Kyari The Arewa Youth Assembly has hailed the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari for securing a $3bn emergency loan from the African Export-Import Bank to ease pressure on the naira. The Assembly said the heroic move of the …
Read More »Tinubu To Swear In Wike, Umahi, Keyamo, Other Ministerial Appointees Monday – SGF
From L-R President Bola Tinubu and former state governors Nyesom Wike (Rivers), Dave Umahi (Ebonyi) President Bola Tinubu will administer the oath of office to his recently appointed ministers on Monday, August 21st. This follows the allocation of portfolios to the ministerial appointees, as announced by the Presidency on Wednesday, …
Read More »Nigeria Made $742bn Revenue From Oil & Gas, Lost $46.16bn To Theft, Sabotage—NEITI Report
The Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Orji Ogbonaya Orji …Spends N2bn Daily From Crude Oil Proceeds Within a period of 21 years covering 1999 to 2020, Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively. The figure was released by the Nigeria Extractive …
Read More »Kidnapping: Cross River To Enforce Death Penalty As Gov Otu Pledges Reward For Whistleblowers
Cross River State Governor, Senator Bassey Otu, has taken a strong stance against the rising kidnapping and criminal activities within the state. Speaking at the swearing-in ceremony for new commissioners in Calabar, Otu announced a crackdown on criminals and urged law enforcement agencies to apprehend and prosecute offenders in accordance …
Read More »Condolences As Publisher BethNews Mourns Major Segun Oni, Others Military Personnel Ambushed On Monday By Dreaded Bandits
It is with high sense of loss and compassion that we hereby send our sincere condolences and profound sympathies to the entire family of Late Chief Oni in Erukucity area of Kwara State over the dimise of our beloved son, brother, known as Maj Segun Oni It is obvious that …
Read More »APC Chieftain Reacts To ‘Temporary Subsidy Return’ Rumours
A chieftain of the All Progressives Congress (APC), Lanre Issa-Onilu, says that no official of the President Bola Tinubu administration has said that the government will temporarily return petrol subsidy to ease the pain suffered by Nigerians. Tinubu had on May 29, 2023 during his inauguration speech, announced the …
Read More »JUST IN: Seplat’s oil rig collapses, crew members missing
Seplat Energy Plc’s oil drilling platform suffered a major reversal yesterday as the company’s oil drilling rig capsized near Ovhor, Delta State. Seplat Energy is the operator of Seplat/NNPCL joint venture. The company’s production guidance for 2023 is between 45,000 and 55,000 boepd. Chief Executive Officer, Seplat Energy Plc, Mr Roger …
Read More »Forex crisis: TETFund mulls suspension of overseas scholarships
Executive Secretary, TETFund, Sonny Echono The Tertiary Education Trust Fund has said the recent monetary policy of the Central Bank of Nigeria has created difficulties in the payment of foreign scholarship tuition and stipends. The Executive Secretary of TETFund, Sonny Echono, disclosed this at a one-day Stakeholders’ Engagement on Emerging …
Read More »Niger: ECOWAS tightens sanctions, junta demands power supply
Niger coup leader, General Abdourahamane Tchiani President Bola Tinubu on Tuesday said the biting sanctions imposed by the Economic Community of West African States on the Niger junta would not be lifted despite the military leaders’ promise to negotiate with the regional bloc to resolve the crisis in the francophone …
Read More »Nigerians may wait longer for Tinubu’s cabinet despite hasty screening
President Bola Tinubu • Office of SGF, CoS preparing for swearing-in, retreat next week – Source • Economy drifting, needs an anchor with cabinet running, says Osaikhuiwu • Oshiomhole: Tinubu inherited terrible economic situation • BudgIT demands clear roadmap for Tinubu’s economic relief package Eighty days into the administration, …
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