By Joke Kujenya THE NIGERIAN National Petroleum Company Limited (NNPC) has introduced the Utapate crude oil blend to the global market, marking a milestone in Nigeria’s crude oil production and revenue generation efforts. The launch occurred at the Argus European Crude Conference in London, highlighting Nigeria’s push for economic growth throu...
By JKNewsMedia PRESIDENT BOLA Tinubu has sought National Assembly approval for a N1.767 trillion ($2.209 billion) external loan to address the N9.7 trillion deficit in the 2024 budget. This proposal accompanies the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025-2027, along with an amendment bill to enhance th...
By Jemimah Wellington, JKNewsMedia THE RISING global challenges of hunger and poverty took center stage at the 19th G20 Leaders’ Summit in Rio de Janeiro, Brazil, as President Bola Tinubu endorsed the newly launched Global Alliance Against Hunger and Poverty. Championed by Brazil’s President Luiz Inácio Lula da Silva, the alliance promis...
By Jemimah Wellington, JKNewsMedia Reporter THE ESCALATING problem of substance abuse and drug trafficking in Nigeria demands a collective societal effort, according to Brig Gen Mohamed Buba Marwa (Rtd), Chairman and Chief Executive Officer (CEO) of the National Drug Law Enforcement Agency (NDLEA). Addressing the Island Club Business Forum in ...
EFFORTS TO smuggle large quantities of cocaine, methamphetamine, and opioids to destinations including the United Kingdom, Italy, Turkey, and Qatar have been intercepted in a series of well-coordinated operations by the National Drug Law Enforcement Agency (NDLEA). The agency successfully thwarted multiple attempts at the Murtala Muhammed Inte...
By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN Electricity Regulatory Commission (NERC) has mandated DisCos to provide new meters at no cost to customers, emphasizing compliance with regulatory guidelines. This follows Nigerians raising concerns about electricity distribution companies (DisCos) requiring customers to pay for outdated...
By Jemimah Wellington, JKNewsMedia Reporter DEADLOCKED CLIMATE negotiations and deep divisions over the wars in Ukraine and the Middle East take center stage as G20 leaders convene in Rio de Janeiro. The summit, hosted by Brazilian President Luiz Inácio Lula da Silva, has drawn global attention, especially as climate action lags and geopolitic...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s PRESIDENT, Bola Ahmed Tinubu, arrived in Rio de Janeiro, Brazil, to attend the 19th Heads of State and Government Summit of the Group of 20 (G20). The President touched down at 11:03 p.m. local time on Sunday (3:03 a.m. Monday, Nigerian time) and was welcomed by Ambassador Breno Costa [&hel...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA AND India have deepened their strategic partnership with a focus on economic growth, defence cooperation, healthcare, and food security. Indian investors pledged over $14 billion in investments across Nigeria’s industrial, energy, telecommunication, and defence sectors during the Nigeria-Indi...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s HEADLINE inflation rate surged to 33.88% in October 2024, up from 32.7% in September, reflecting a 1.18 percentage point increase month-on-month. The National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) report attributed the rise to higher transportation costs and in...
