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Tinubu Appoints Wike FCT Minister, Umahi Minister Of Works, Oyetola Minister Of Transportation***See Full List




President Bola Tinubu has assigned portfolios to some of his ministers who were screened by the senate.

This was confirmed by Presidential spokesman, Ajuri Ngelale in Aso Rock on Wednesday, August 16.

See full list of the ministers and their portfolios;

Nyesom Wike – FCT Minister

Festus Keyamo – Minister of Aviation

Adebayo Adelabu – Minister Of Power

Adegboyega Oyetola – Minister of Transportation

Dele Alake- Minister of Solid Minerals

Muhammed Idris – Minister of Information

Mohammed Badaru- Minister of Defence

Minister of State, Defense – Bello Mattawale

Minister of Finance and Coordinating Minister of the Economy – Wale Edun

Minister of Works- Dave Umahi

Coordinating Minister of Health and Social Welfare – Ali Pate

Minister of Agriculture and food security -Abubakar kyari

Minister of Youths – Abubakar Mohmoh

Minister of Communications and Digital Economy – Bosun Tijjani

Minister of Foreign Affairs – Yusuf Tuga

Minister of Budget and Economic Planning – Atiku Bagudu

Minister of Water resources and sanitation – Joseph Utsve

Minister of Steel Development – Shuaibu Audu

Minister of State, Agriculture – Sabi Abdullahi

Minister of Trade and Investment – Doris Anieete

Minister of Humanitarian Affairs and Poverty Alleviation – Betta Edu

Minster or Sport – John Eno

Ministry of Marine and Blue Economy – Bunmi Tunji Ojo

Minister of Petroleum Resources – Yet to be allocated

Minister of Labor and Employment – Simon Lalong

Minister of Special Duties – Zapahnnaih Gazzalo

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DON’T MISSForex Crisis: NNPCL Secures $3bn Loan To Stabilise NairaADVERTISEMENT

Forex Crisis: NNPCL Secures $3bn Loan To Stabilise Naira


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BIG STORYForex Crisis: NNPCL Secures $3bn Loan To Stabilise NairaPublished 1 hour ago on August 16, 2023By PorscheClassy News
In order to boost the naira and stabilise the foreign exchange market, the Nigerian National Petroleum Corporation Limited has acquired a $3 billion crude repayment loan, according to a brief statement published on the company’s official account on X (previously known as Twitter) on Wednesday.

According to the announcement, the oil company obtained the cash through the African Export-Import Bank’s Cairo headquarters.

“The NNPC Ltd. and AFREXIM bank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan,” NNPCL said in a terse statement on Wednesday.

“The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilising the exchange rate market,” it added.

The move followed the announcement by the Central Bank of Nigeria that it had secured the President’s directive to stabilise the Naira.

The Acting Governor of the apex bank, Folashodun Shonubi in an interview with State House reporters had said the volatility of the naira in the parallel market was not solely driven by economic factors, but also speculative demand.


More to come…

Post Views: 37
CONTINUE READINGBIG STORYOne Dead, Three Missing As Seplat’s Oil Rig Collapses In Delta [PHOTOS]Published 8 hours ago on August 16, 2023By PorscheClassy News
Seplat Energy Plc has confirmed the death of one person following the collapse of its oil rig, Majestic, near Ovhor in Delta State.

The oil company disclosed this on Tuesday, in a statement posted on its social media platforms.

The company also said three of its crew members are still unaccounted for.

“Seplat Energy regrets to announce a serious incident on the Depthwise swamp drilling rig, ‘Majestic’, early this morning. Seplat, the operator of the SEPLAT/NNPCL joint venture, contracted the rig,” the statement reads.

“It was in transit to its planned drilling location at Ovhor in Delta state when it capsized.

“At least 92 of the 96-member crew are accounted for and safe. However, tragically one fatality occurred during the incident, while three other rig personnel are still missing.

“Our thoughts and prayers are with the families and friends of the crew member who sadly lost his life and the three crew members who are still missing at the time of this report.”

Seplat also confirmed that their emergency response and rescue efforts are working alongside the rig owner and the authorities to find the missing persons.





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