Friday, April 19

New Group Managing Director Joins Abuja Investments Company
19Apr By Mariam AbdullahiNo Comments
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New Group Managing Director Joins Abuja Investments Company

Assuming office as the Group Managing Director of the Abuja Investments Company Limited is Dr. Maureen Tamuno. Tamuno's appointment was officially announced by the company, expressing delight in welcoming her to the position effective April 8. This announcement closely followed the statement by Nyesom Wike, the Minister of the Federal Capital Territory, with Tamuno's appointment being retroactive to April 4. A significant highlight of the statement was the recognition of Tamuno as the first female Group Managing Director in AICL's three-decade history. An alumna of Abubakar Tafawa Balewa University, Tamuno holds a degree in Management Studies and furthered her academic pursuits with a Post-Graduate Diploma in Management, an MBA in Marketing, and a Ph.D. in Marke...
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Ribadu Expresses Concern Over Booming Illegal Firearms Market in Northern Nigeria
19Apr By Mariam AbdullahiNo Comments
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Ribadu Expresses Concern Over Booming Illegal Firearms Market in Northern Nigeria

Addressing a convocation lecture at Usmanu Danfodiyo University, Sokoto, the National Security Adviser to the President, Mallam Nuhu Ribadu, raised alarm over the growing illegal firearms trade in the North, particularly in the face of escalating poverty levels, with the North-West region being the hardest hit. Ribadu's presentation, titled ‘Navigating the Maze: Addressing Multi-Dimensional Insecurity Challenges in Northern Nigeria,’ highlighted the concerning trend. Pointing out the surge in demand and supply of illegal arms in the North, Ribadu noted the sophisticated networks established by criminals and traffickers for smuggling weapons across the country, using innovative tactics to evade security ch...
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N3.2 Trillion Subsidy Needed by FG to Reverse Electricity Tariff Hike – NERC
19Apr By Mariam AbdullahiNo Comments
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N3.2 Trillion Subsidy Needed by FG to Reverse Electricity Tariff Hike – NERC

According to Sanusi Garba, the Chairman of the Nigeria Electricity Regulatory Commission (NERC), the Federal Government of Nigeria will require N3.2 trillion in 2024 to undo the recent increase in electricity tariffs. He made this announcement during a meeting with stakeholders convened by the House of Representatives Committee on Power in Abuja. Garba expressed that while the current investments in the sector are praiseworthy, they are insufficient to ensure a consistent power supply throughout the nation. He emphasized that without a complete overhaul of the sector, which includes addressing fluctuations in foreign exchange rates, Nigeria will continue to face challenges in power supply. Before the recent tariff review, distribution companies were only required ...
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Report: Dangote Refinery Increases Production with US Crude Imports
19Apr By Mariam AbdullahiNo Comments
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Report: Dangote Refinery Increases Production with US Crude Imports

Taking advantage of cost-effective oil imports from the United States for approximately a third of its feedstock, the Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is now in the process of scaling up its production. According to a recent report by Bloomberg, the refinery has commenced shipments of products in recent weeks while preparing two units to facilitate gasoline production, which is anticipated to bring about significant changes in the fuel market landscape in both Nigeria and the wider region, as per analysts' assessments. Alan Gelder, Vice President of Refining, Chemicals, and Oil Markets at Wood Mackenzie consultancy firm, expressed that "Dangote is poised to impact the Atlantic Basin gasoline markets during the upcoming summe...
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APC Urges IG to Arrest Nine Suspects
19Apr By Mariam AbdullahiNo Comments
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APC Urges IG to Arrest Nine Suspects

A petition has been submitted by the All Progressives Congress, accusing nine individuals of orchestrating the suspension of its National Chairman, Dr. Abdullahi Ganduje, whom they claim are impostors. The party has called upon the Inspector-General of Police, Kayode Egbetokun, to apprehend them. Prof. Abdulkareem Kana, the APC National Legal Adviser, drafted the two-page petition, which specifically names the suspects as Auwalu Jemomi, Muhde Weti, Danmala Gale, Samaila Haladu, Laminu Sani Barguma, Musa Lado Lado Maishayi, Amadu Maishayi, and Umar Amarwa. In the letter, it was stated: “On April 15, 2024, Auwalu Galadima Jemomi and his partners, purportedly representing the APC executives from Ganduje Ward in Dawakin Tofa Local Government, Kano State, falsely is...
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Measures taken by the SEC to tackle illegal funds in banking recapitalization
19Apr By Mariam AbdullahiNo Comments
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Measures taken by the SEC to tackle illegal funds in banking recapitalization

The Securities and Exchange Commission has announced its firm stand against allowing illicit funds to enter the capital market through the new banking recapitalization process. Dayo Obisan, the Executive Director (Operations) of the commission, shared this during a symposium hosted by the Association of Capital Market Academics of Nigeria under the theme ‘Banking Sector Recapitalization Implications for the Nigerian Capital Market’. Obisan expressed the commission's optimistic view on the banking sector recapitalization initiative and emphasized its commitment to collaborating with stakeholders to ensure a seamless process. He mentioned, "Our perspective at the SEC is entirely positive. The journey has commenced, and significant efforts are underway behind the scenes to...
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Competition for 171, 922 Votes: Aiyedatiwa and Other APC Aspirants Vying for Position
19Apr By Mariam AbdullahiNo Comments
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Competition for 171, 922 Votes: Aiyedatiwa and Other APC Aspirants Vying for Position

The upcoming primary of the All Progressives Congress is set to take place on Saturday to choose the party's candidate for the Ondo State governorship election, which is scheduled for November 16, 2024. With 171,922 validated members from the 203 wards across the 18 local government areas in the state participating, the fate of 16 aspirants will be determined. Governor Lucky Aiyedatiwa, Senator Jimoh Ibrahim, Olusola Oke, Prof. Francis Faduyile, Dr. Funmi Waheed-Adekojo, and Isaacs Kekemeke, the APC National Vice Chairman (South-West), are among those contending for the ticket. Additional contenders include Dr. Soji Ehinlanwo, Akinfolarin Samuel, Okunjimi Odimayo, Adewale Akinterinwa, Olugbenga Edema, Gen. Ohunyeye Olamide, Morayo Lebi, Garvey Oladiran Iyanjan, and Ifeoluwa Oyedele. ...
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Police Officers Attached to Yahaya Bello Withdrawn by Inspector General
19Apr By Mariam AbdullahiNo Comments
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Police Officers Attached to Yahaya Bello Withdrawn by Inspector General

In a recent development, all police officers attached to the former Governor of Kogi State, Yahaya Bello, have been withdrawn by the Inspector General of Police, Olukayode Egbetokun. This decision was communicated through a police wireless message that was observed by our correspondent on Friday. The official document, referenced as “CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34, stated, “IG has ordered the withdrawal of all policemen attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello. “Please acknowledge compliance and handle with utmost importance. This information is to be noted and strictly adhered to.” More details will be provided soon… ...
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ARISE TV Expands Reach to South Africa and Other Southern African Countries
19Apr By Mariam AbdullahiNo Comments
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ARISE TV Expands Reach to South Africa and Other Southern African Countries

Launching its operations in South Africa and nine other nations, ARISE News Channel has now extended its footprint in Africa. The newly included Southern African countries are Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia, and Zimbabwe. In a statement released on Thursday, Ms Fauziya Ali-Mohammed, Chief of Staff to the Chairman/Editor-in-Chief of the media house, confirmed the expansion. Fauziya expressed, “We are thrilled to announce that the beloved ARISE News Channel is now live in South Africa and nine other Southern African countries, available on Multichoice/DSTV Channel 416. “The expansion means that ARISE News Channel is now broadcasting in 54 African countries, having a...
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Burial of C & S Leader, Abidoye, Scheduled for April 27
19Apr By Mariam AbdullahiNo Comments
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Burial of C & S Leader, Abidoye, Scheduled for April 27

The late Chairman and Spiritual Leader of Cherubim & Seraphim Movement Church Worldwide, Prophet Samuel Abidoye, will be laid to rest on Saturday, April 27. This information was revealed in a statement released on Thursday by Remi Awode, the chairman of the burial committee. Prophet Abidoye passed away on Sunday, November 12, 2023, at the remarkable age of 103 years. According to Awode, a series of events marking the week-long burial ceremony will be held at the Galilee Land, International Headquarters of the Church in Orile-Igbon, Oyo State. Members of the C & S Movement Worldwide, both local and international, along with various dignitaries, are expected to attend. The burial program will also be graced...
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