President Bola Tinubu on Monday, visited the Shehu of Borno, Abubakar Ibn Umar Garba Al Amin El-Kanem at his palace in Maiduguri. The President visited the traditional ruler in the company of the Borno State Governor, Babagana Zulum and other top government officials. Earlier, Naija News had reported the arrival of the President in Maiduguri, the Borno State capital, for the Chief of Army Staff annual conference. The Nigeria Air Force (NAF) plane touched down around 11:47 am at the Air Force Base in Maiduguri and observed a brief military parade. President Tinubu was received by Governors Babagana Zulum of Borno State,…
Author: Adejuyigbe Francis
Adejuyigbe Francis
Thought Leader, Idea Bank, Nation Builder.
After several failed commencement dates, the Dangote Petroleum Refinery says it will kick-start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024. However, the company would delay petrol production commencement pending crude oil supply. The facility would require a minimum of six million barrels of crude oil to kick-start the full production of refined petroleum products, including AGO, PMS, Jet A1, and Dual Purpose Kerosene, otherwise called kerosene. But what the refinery got last week was one million barrels of crude oil, while the remaining five million barrels would arrive at the $20bn facility…
The country’s external reserves fell by $520.22 million in five weeks, figures obtained from the Central Bank of Nigeria, CBN, revealed. According to CBN’s data on movement in reserves, the figures which stood at $33.396bn as of October 31, 2023 fell to $33.004bn as of December 7, 2023. The CBN had earlier revealed that the reserves which commenced January 3, 2023, at $37.07bn fell to $33.237bn as of September 29, 2023. Speaking recently at the Chartered Institute of Bankers of Nigeria’s 58th Annual Bankers’ Dinner and Grand Finale of the Institute’s 60th anniversary in Lagos, the Governor, CBN, Olayemi Cardoso,…
The federal government may soon begin the unbundling of electricity Distribution Companies (Discos) to limit their franchise areas to states, instead of the current regional arrangement. This was disclosed by Minister of Power, Mr. Adebayo Adelabu, at the weekend, during a meeting with the governor of Abia State, Dr. Alex Otti, in Abuja. It was widely perceived that many of the Discos did not have the required capacity to effectively manage the unwieldy franchises they were allocated during the privatization program in 2013, thereby contributing to Nigeria’s deplorable power supply situation. On his X handle, Adelabu, who said he shared…
ECOWAS leaders have resolved to urgently review efforts to activate a standby force for counterterrorism operations in areas infested by terrorist groups. A communiqué read by Dr. Omar Touray, President of ECOWAS Commission, at the end of the 64th ordinary session of the Authority of Heads of State and Government of ECOWAS, on Sunday in Abuja, said the leaders reiterated their commitment to the eradication of terrorism and other threats to peace, security, and stability in the region. They also resolved to hold an extraordinary summit on unconstitutional changes of government aimed at promoting peace, security, and democracy in the…
The Federal Government, has proposed to spend N6.6B on the purchase of new trains under the budgetary allocation of the Nigerian Railway Corporation in the 2024 fiscal year. A total sum of N40.3B was allocated for construction of railways in the country. The figure which is part of FG’s executive proposal in the 2024 Appropriation Bill also earmarked over N80.714 billion for the parent Ministry of Transportation. Of that figure, while Transport Ministry headquarters gets N48.036 billion, NRC gets N24.044 billion, Nigerian Institute of Transport is to get N4.912 billion and Federal University of Transportation, Daura, Katsina State, is to…
The Ministry of Works says a committee has been constituted to look into the N1.5tr debt the federal government is owing contractors. In a statement Sunday, the Minister of Works, Sen. David Umahi, said the six committees, one per each geopolitical zone would look into certified certificates generated before May 29th, 2023, and from May 29th 2023 to date. The statement signed by his Chief Press Secretary, Orji Uchenna Orji, stated that the committees would also review the approved and unapproved variation of prices and all augmentations that were approved or are yet to be approved and make recommendations to…
Granada’s La Liga match at home against Athletic Bilbao was abandoned after a supporter died in the stands at Nuevo Los Carmenes stadium. Sunday’s match was paused after 18 minutes with Athletic leading 1-0 through an early Inaki Williams strike. Players from both sides left the pitch 20 minutes later with supporters also requested to leave the stadium. La Liga then confirmed the match had been postponed and would be replayed at a later date. Granada said in a statement the match was “suspended indefinitely after the death of a club season ticket holder” and offered their condolences to the…
Tottenham ended their recent slump in emphatic style as they convincingly overpowered a leg-weary Newcastle United. Spurs had lost four of their previous five games and had not won since the victory at Crystal Palace on 27 October, but, once Destiny Udogie put them ahead from Son Heung-min’s pass, there was only one winner. And it was day of joy for striker Richarlison, who has struggled to find consistency and momentum in his Spurs career but was the spearhead here with a goal either side of half-time as Newcastle wilted in the face of some scintillating attacking play from Ange…
Manchester City needed a second-half comeback to beat Luton Town at Kenilworth Road and end their four-match winless run in the Premier League. Pep Guardiola’s side were facing back-to-back league defeats for the first time since December 2019 when Elijah Adebayo gave Luton the lead in first-half stoppage time, rising highest at the back post to head in Andros Townsend’s cross. But Bernardo Silva latched on to a loose ball in the penalty area and equalised for the visitors with a fine curling effort. Three minutes later City completed the turnaround when Jack Grealish converted Julian Alvarez’s low cross. Victory…
Everton claimed three consecutive Premier League victories for the first time since 2021 as they saw off Chelsea at Goodison Park. Abdoulaye Doucoure and substitute Lewis Dobbin both fired home first-time efforts in the second half as Sean Dyche’s side moved four points clear of the relegation zone. It was a tight and tense first half with Jordan Pickford making decent saves to deny Enzo Fernandez’s rasping shot and Cole Palmer’s dipping drive from range. Jack Harrison’s acrobatic volley which flew narrowly wide was Everton’s most presentable opportunity in the opening period and Dwight McNeil forced visiting goalkeeper Robert Sanchez…
The Burkinabè government adopted on Wednesday a bill revising the Constitution and henceforth enshrining national languages as official languages in place of French which is relegated to the rank of “working language”. The report of the Council of Ministers specifies that this bill “is part of the realization of one of the main missions of the transition which consists of initiating political, administrative and institutional reforms to strengthen the culture democratically and consolidate the rule of law. Among the “major innovations” of this new text is “the establishment of national languages as official languages in place of French which becomes…