Author: Ogochukwu Ndubuisi

PDP Ready, Repositioned for 2027 – Fintiri Gov. Ahmadu Fintiri of Adamawa says the Peoples Democratic Party (PDP) is repositioned and ready for the 2027 general elections. Fintiri stated this while speaking with newsmen at the sideline of the party’s state congress in Yola. “We are trying to give birth to a new PDP where everyone will believe, trust and have confidence in. We are really positioned, and we are ready for 2027. “The congress was transparent and fair, the party is moving at supersonic speed and the government has recalibrated the system to provide good governance for the people,”…

Tinubu Seeks Total Elimination of Nuclear Weapons President Bola Tinubu has called for total elimination of nuclear weapons all over the world. Tinubu made the call while delivering Nigeria’s statement at the high-level meeting to commemorate the International Day for the Total Elimination of Nuclear Weapons at the UN headquarters in New York. Represented by the Minister of Foreign Affairs, Amb. Yusuf Tuggar, Tinubu said the event reminds the world of shared responsibility and collective resolve to eradicate dangerous weapons. “Nigeria will continue to do its part to ensure total elimination of nuclear weapons is achieved,” Tinubu said. According to…

Dangote Refinery: FG Appeals to PENGASSAN to Shelve Planned Strike The Federal Government has appealed to the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to suspend its planned nationwide strike over its dispute with Dangote Refinery. The Minister of Labour and Employment, Mr Muhammad Dingyadi, made the appeal in a statement on Sunday in Abuja. It would be recalled that PENGASSAN had earlier directed its members nationwide to withdraw their services in protest against the alleged sack of Nigerian workers at the Dangote Refinery from midnight on Sunday. The union also accused the management of the refinery…

Foreign Reserves, FX Intervention Positive for Naira Outlook – Notes A robust foreign reserves balance of above $42 billion and sustained FX interventions have been identified as positive drivers of the naira exchange rate outlook.  A slew of analysts expressed the view that the naira could perform as initially expected for 2025 as Nigeria boosts its foreign receipts from oil revenue and foreign investors’ confidence in the local economy. External reserves reached its highest level since 2019 on the back of sustained inflows, and the accretion has failed to slow down. The market now anticipates Nigeria’s foreign reserves to hit…

Zamfara Mine Collapse: FG Mobilises Rescue Operations The Federal Government (FG) has mobilised rescue operations to Kadauri Community in Maru Local Government Area of Zamfara, where a mining pit collapsed and killed many miners. The Minister of Solid Minerals Development, Dr Dele Alake, made the disclosure in a statement by his Special Assistant on Media, Segun Tomori, on Sunday in Abuja. The incident which occurred on Thursday night trapped several artisanal miners, with 10 confirmed deaths by Zamfara Government. The incident, which followed hours of rainfall, was tied to the influx of illegal miners in the state and irregularities in…

Lagos Seals Lekki Properties, Arrests 5 Over Illegal Dredging The Ministry of Waterfront Infrastructure Development (MWID) has carried out a monitoring and enforcement exercise across the Lekki axis to curb illegal reclamation and dredging along the shores of the Lagos Lagoon. The Commissioner for MWID, Mr Dayo Alebiosu, disclosed this in a statement issued through the ministry’s Director of Public Affairs, Mrs Morenikeji Akodu, on Sunday in Lagos. Alebiosu said the monitoring and enforcement exercise was conducted in collaboration with the Ministry of Physical Planning and Urban Development, the Ministry of the Environment and Water Resources, and the Lands Bureau.…

Nigeria Customs Introduces One-Stop-Shop for Cargo Clearance The Nigeria Customs Service (NCS) says it has officially introduced its ‘One- Stop- Shop (OSS)’ initiative aimed at reducing cargo clearance time to 48 hours. NCS’s spokesperson, Abdullahi Maiwada, made this known in a statement on Sunday in Abuja. Maiwada said the initiative was unveiled recently during a meeting between NCS management and Customs Area Controllers chaired by the Comptroller-General(C-G), Adewale Adeniyi in Abuja. He said the meeting deliberated on the service’s modernisation agenda and the role of leadership in driving reforms across commands. Maiwada quoted the C-G as describing the OSS as…

SEC Raises Alarm over AI-Generated Investment Scams The Securities and Exchange Commission (SEC) has warned citizens against the rising wave of Artificial Intelligence (AI)-driven scams. SEC, in a statement on Sunday, said the commission had adopted an advanced surveillance system to detect fraudulent activities in real time. SEC said scammers were targeting unsuspecting investors with promises of guaranteed profits and fake celebrity endorsements. The commission said that fraudsters were increasingly turning to fake videos and AI-generated content to lure victims. The commission said that the manipulated videos featuring politicians, celebrities, and TV hosts were being shared through Facebook advertisements, Instagram…

Dangote Refinery: PENGASSAN Declares Nationwide Strike The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members nationwide to withdraw their services following the sack of over 800 Nigerian workers at the Dangote Refinery. Mr Lumumba Okugbawa, PENGASSAN’s General Secretary, announced this in a statement made available to newsmen in Abuja on Sunday. He said the directive was issued after an emergency meeting of the union’s National Executive Council (NEC) held on Saturday in Abuja. Okugbawa described the refinery’s action as a violation of Nigeria’s labour laws, the Constitution, and international conventions. According to him, “the…

NGX Key Indicators Surge, Equities Investors Gain N216bn Amidst fluctuation in stocks prices, the Nigerian Exchange (NGX) key indicators surged week on week as investors equities portfolio value gained about N216 billion. The market had opened the week on negative note but bull made strategic entry into the local bourse, and last momentum bargain hunting altered downward trend. The bullish sentiment dominated trading despite cautious profit-taking and mixed investor reactions to the continued release of H1 bank earnings. The All-Share Index advanced by 0.20% week-on-week to close at 142,133.02 points, reflecting renewed interest in some bellwether stocks. At the close…