NEWS
Buhari Names Chief of Staff, SGF Coordinators of Govt Functionaries

By Mathew Dadiya, Abuja
President Muhammadu Buhari Tuesday, announced that his Chief of Staff, Abba Kyari and the Secretary to the Government of the Federation, Boss Mustapha would from now coordinate some of his executive functions as he directed the ministers-designate to at any given time meet either of the duo depending on the issue at stake.
The President announced the new order to his new cabinet members at the end of the two-day presidential retreat for ministers designate and other top government functionaries at the Presidential Villa, Abuja.
President Buhari said, “In terms of coordination, kindly ensure that all submissions for my attention or meeting requests be channeled through the Chief of Staff, while all Federal Executive Council matters be coordinated through the Secretary to the Government of the Federation”.
While outlining some of the challenges before the administration in the next four years, Buhari wondered if the timeframe would be enough to deliver on the fresh mandate.
He noted that majority of Nigerians “are poor and are anxiously hoping for a better life” – one in which they do not have to worry about what they will eat, where they will live or if they can afford to pay for their children’s education or healthcare.
The President also tasked the Ministers designate expected to be sworn-in on Wednesday (today) that their responsibility as leaders of “this great country” was to meet these basic needs for our people.
Speaking further, President Buhari lamented the rot his administration inherited from the previous government under the opposition, emphasizing that this administration inherited many challenges.
“A country in which 18 local governments in the Northeast were under the control of Boko Haram; decayed infrastructure in which our rail lines and roads had severely deteriorated;
“A rent seeking economy that depended largely on oil revenues and imports, significant unpaid pensions, subsidy debts, legacy contractor debts. I can go on and on,” Buhari narrated.
He scored his administration high boasting that despite those challenges, his government has “largely succeeded in laying the foundation to rebuild our country.”
He said, “We recaptured those 18 Local Governments previously held by Boko Haram, whose activities are now limited to sporadic attacks against soft targets. Our investments in road and rail infrastructure are without precedent, and many of you can attest to this.
“We also focused on diversifying the economy from oil towards agriculture and industrialization. Despite reduced revenues from oil and gas compared to past governments, we have broadly addressed many of the legacy debts they left behind.
“Whilst we have obvious successes to celebrate, the challenges ahead are significant as you would have observed in detail over these two days. Nevertheless, from the quality of the deliberations, it is clear that solutions to our problems are well researched and have been well articulated.
“We have discussed solutions relating to addressing Insecurity; Macroeconomic Stability; Agriculture and Food Security; Energy Security for Petroleum products and Electricity; Transportation and Critical Infrastructure; Industrialization and SME Development; Human Capital Development; Social Inclusion; Anti-Corruption; Housing Financing and Consumer Credit.
“Public service is not easy work, and at times it can be thankless. I am therefore charging you all to see this opportunity to serve as an honour, to give your best to deliver on this mandate, for a more prosperous Nigeria, not for some, but for all Nigerians.
“You will find that working collaboratively and purposefully will enable us to achieve quicker results, recognizing that four years is not a very long time. For the new Ministers, make sure you engage and benefit from the experience of the older Ministers and former Governors in the cabinet”
Earlier, the Secretary to the Government of the Federation, Mustapha who is expected to coordinate the activities of most of the cabinet members and measure their outputs, said they are to consolidate and accelerate on the agricultural agenda to achieve full food sufficiency Increase revenue, implement measures to reduce leakages and drive cost optimisation.
The administration will also ensure effective coordination between monetary and fiscal policy, invest in human capital development with strong focus on early education and health insurance.
The second term administration will also facilitate investment in oil and gas sector by ensuring speedy passage of the Petroleum Industry Bill and Deep Offshore Oil and Exploration & Production Bill includes resolving the liquidity challenge in power sector and facilitate private sector investment.
“It was emphasized that we need to work effectively with all other arms of government such as state government, national assembly for major high impact initiatives such as provision of large scale land for agriculture and food security, passage of critical legislations.
“The work we have done here has been critical to laying the foundation for what we will accomplish in this administration. But this work alone is not why we are here. Now it is time to turn our words into actions – to take everything that we have learned, all the strategies and approaches that we have discussed, and go execute our priorities.
“This work begins now. The people of Nigeria are looking to this administration for results – and they expect them quickly. I will like to reiterate that the Federal Government is committed to delivering on and implementing all agreed initiatives within the stipulated timelines.
“To ensure effective implementation, the initiatives will be cascaded to the relevant ministries, whose ministers will champion the responsibility for driving implementation and execution.
“As ministers, you have leading roles in framing issues within your policy domain and developing, implementing and tracking policies and in communicating the impacts and results. It is your responsibility to take ownership over the success of these initiatives.
Foreign News
Israel Vows to Build Jewish Settlements, Rejects Macron’s Call for Palestinian State

“Do not threaten Israel with sanctions” as it will continue to build a “Jewish state” on the ground,” Israeli Defense Minister, Israel Katz, warned on Friday.He also rebuffed a call by French President Emmanuel Macron for establishing a Palestinian State.In open defiance of international law, Katz claimed that world powers may recognize a Palestinian state “on paper.
”Katz made the remarks during a visit to Sa-Nur, an illegal outpost in the northern West Bank that the Tel Aviv government recently decided to officially designate as a settlement for illegal Israeli settlers. In a direct message, Defense Minister Israel Katz targets French President Macron and European allies.He also dismissed the potential international consequences.He said: “They will recognise a Palestinian state on paper, while we will build the Jewish Israeli state on the ground.“Don’t threaten us with sanctions. You will not make us bow.“The State of Israel will not kneel before threats.”His comments came hours after President Macron stated that recognising the State of Palestine was a “moral duty”.Macron also reiterated that France may move toward official recognition during an upcoming international conference focused on the two-state solution.Earlier this week, Israeli newspaper Yedioth Ahronoth reported that the Israeli Security Cabinet had secretly approved the establishment of 22 new illegal settlements in the occupied West Bank.In response, the Israeli anti-settlement group Peace Now issued a statement Thursday, revealing that 12 of the newly approved settlements were previously unauthorised outposts and farming sites established in recent years.According to Peace Now, there are currently 156 illegal settlements and 224 outposts across the occupied West Bank, including East Jerusalem, with over 736,000 illegal Israeli settlers living on occupied Palestinian land.The international community, including the UN, considers the Israeli settlements illegal under international law.The UN has repeatedly warned that continued settlement expansion threatens the viability of a two-state solution, a framework seen as key to resolving the decades-long Palestinian-Israeli conflict.In July 2024, the International Court of Justice declared Israel’s decades-long occupation of Palestinian land illegal and demanded the evacuation of all existing settlements in the West Bank and East Jerusalem.(AA/NAN)NEWS
Stock Market Sheds N48bn Amid Sell-offs

The stock market on Friday closed the week on a bearish note, as key performance indicators dipped by 0.07 per cent.Specifically, the market capitalisation declined by N48 billion, or 0.07 per cent, to N70.462 trillion from N70.510 trillion recorded on Thursday.The All-Share Index also dropped by 0.
07 per cent or 76.07 points to close at 111,742. 01 down from 111,818.08 posted on Thursday. The decline was largely attributed to sell-offs in heavyweight stocks like Beta Glass, NCR Nigeria, Conoil, Legend Internet and 33 others.Also, the market breadth closed negative with 37 stocks declining against 28 gainers.On the flip side, Beta Glass declined by 10 per cent, closing at N232.65 while NCR Nigeria also lost by 10 per cent, finishing at N6.57 per share.Conoil dropped by 9.99 per cent, settling at N298.10 and Legend Internet fell by 9.94 per cent, closing at N6.16 per shareAlso, Industrial Medical Gases shed by 9.91 per cent, ending the session at N33.65 per share.On the gainers’ chart, Omatek grew by 9.86 per cent, settling at 78k while Red Star Express climbed by 9.62 per cent, closing at N8.32 per share.Deap Capital Management rose by 9.38 per cent, finishing at N1.05 and Sovereign Trust Insurance soared by 9.09 per cent, ending the session at N1.08 per share.May and Baker also increased by 8.26 per cent, closing at N11.80 per share.A total of 1.90 billion shares valued at N64.14 billion were traded across 18,653 transactions, in contrast to the 556.45 million shares worth N17.17 billion exchanged across 18,505 deals on Thursday.Transactions in the shares of United Bank for Africa topped the activity chart with 1.41 billion shares worth N49.02 billion.United Capital followed with 66.84 million shares valued at N1.32 billion while Access Corporation sold 53.97 million shares worth N1.19 billion.Fidelity Bank traded 31.38 million shares valued at N606.09 million and Zenith Bank transacted 29.93 million shares worth N1.46 billion. (NAN)NEWS
Customs Intercepts 39,425 Litres of Smuggled Petrol

The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, said Operation Whirlwind intercepted 39,425 litres of petrol worth ₦39.4 million within Lagos-Ogun axis. Mr Adeniyi disclosed this on Friday at a news conference in Lagos, organised following recent petroleum product seizures by Operation Whirlwind at the Federal Operations Unit, Ikeja.
Represented by the National Coordinator of Operation Whirlwind, Asst. Comptroller-General Hussein Ejibunu, Adeniyi said it marked another milestone by operatives in the Lagos-Ogun axis. He attributed the success to officers’ dedication, commitment and resilience over the past year within the zone. Adeniyi said the Office of the National Security Adviser, NMDPRA, and Attorney General’s office all commended Customs’ efforts in intercepting smuggled petroleum products. He said, “On May 23, we were in Yola for a similar exercise where over 46,000 litres of seized PMS were auctioned. “Today, we are conducting another auction following seizures made at Laro, Imeko, Badagry, Owode, Ajilete, and other flashpoints.” He added that investigations confirmed the petrol was intended for smuggling into Benin Republic. A total of 1,577 jerrycans of 25 litres each — amounting to 39,425 litres — were seized, along with eight vehicles used for transportation. Adeniyi stated that the seized petrol had a duty paid value of ₦39.4 million, and the vehicles were valued at ₦24 million, totalling ₦63.4 million. He reiterated that there was no safe haven for smugglers, and Customs would continue disrupting illegal activities to the barest minimum. The CGC directed that the seized petrol be auctioned immediately to Nigerians in 25-litre jerrycans at ₦10,000 each. He thanked strategic partners—ONSA, the Attorney General’s office and NMDPRA—for their unwavering support and cooperation. Adeniyi added that the success of Operation Whirlwind was due to strong collaboration with these agencies. “Since Operation Whirlwind began in 2025, Customs officers have not fired a single shot, and four suspects are currently facing trial,” he said. Comptroller Charles Orbih, Zonal Coordinator, Zone ‘A’ of NCS, reaffirmed the service’s commitment to protect Nigeria’s economy and ensure policy benefits reach all citizens. He noted that every litre smuggled across the borders causes revenue loss, scarcity, market instability and weakens energy security. “Operation Whirlwind, launched by the National Security Adviser’s office, proves Nigeria Customs is capable of defending and securing the nation’s borders,” Orbih stated. Comptroller Muhammed Shuaibu, FOU Zone ‘A’, commended Customs Management for the success achieved during Operation Whirlwind. He said the seizure was a joint effort by officers committed to combating smuggling and protecting the nation’s borders. He added that the seizure would help revive the economy, and Customs would maintain its focus on revenue generation and supporting legitimate trade. Mr Patrick Musa, of the NSA’s Lagos Zonal office (NMDPRA), said the operation proved Customs’ competence in border protection. He noted that NMDPRA, mandated with petroleum distribution, would continue collaborating with Customs and other agencies to stop petrol smuggling. Mrs Abidemi Aluko, representing the Attorney General’s office, appreciated the CGC, Customs officers and partner agencies for curbing petrol smuggling. “This is not business as usual. Suspects are currently under investigation for illegal petroleum dealings and will face trial,” she said. Quoting relevant laws, she stated the offence carries a sentence of life imprisonment or a fine, including forfeiture of transport means. “The Federal Government remains committed to prosecuting and bringing to justice those involved in petrol smuggling,” Aluko added. She called on sister agencies and stakeholders to strengthen collaboration to fight economic sabotage. In his closing remarks, ACG Kola Oladeji thanked the CGC for his leadership and enabling environment that contributed to the operation’s success. Oladeji urged officers to stay committed and intensify efforts to enhance national security. (NAN)