Connect with us

COVER

Finance Minister Leads Strategic Meeting on NNPCL Crude Sales in Naira

Published

on

Share

By Tony Obiechina, Abuja

To ensure the full implementation of the President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in naira, the Minister of Finance and Coordinating Minister of the Economy, Mr.

Wale Edun on yesterday met with relevant stakeholders with a view to ensuring the realization of this policy objective.
This initiative aims at strengthening the domestic economy as well as supporting the sustainable operations of local refineries, including the Dangote Refinery.
The meeting which brought together important stakeholders, including the Minister of State for Petroleum Resources (Oil), Mr.
Heineken Lokpobiri; the Group Chief Executive Officer of NNPCL, Mr. Mele Kyari; the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji; the Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya; and other notable participants provided an opportunity for in-depth discussions, which underscored longstanding challenges within the petroleum sector.According to a statement by the Director of Press and Public Relations in the ministry, Mr Mohammed Manga, the meeting drew a sense of strong confidence and collective purpose with Edun expressing optimism that with the collaborative efforts of all stakeholders, this groundbreaking initiative will empower local refineries, stimulate economic growth, and redefine the nation’s petroleum landscape.By harnessing the collaborative spirit of key stakeholders, Nigeria is poised to witness a transformative shift in its economic trajectory. Thus, the country is set to unlock new opportunities, overcome longstanding challenges, and emerge stronger, the statement noted.The Naira Crude Sales initiative marks a significant milestone in Nigeria’s journey towards economic prosperity, and all eyes are on the promising future that lies ahead, it added.

COVER

Nigeria Non-oil Exports Hit $3.225bn in Half-year 2025 – NEPC

Published

on

Share

The Nigerian Export Promotion Council (NEPC) has announced that the country’s non-oil exported products in the half-year of 2025 were valued at 3.225 billion dollars.Director-General of the council, Nonye Ayeni, disclosed this to newsmen while presenting a report on the first half of 2025 Non-Oil Export Performance, in Abuja on Sunday.

Ayeni said that the report was aimed at providing a comprehensive overview of the council’s achievements, challenges and prospects.
“I am pleased to inform you that non-oil products exported in the first half of 2025 were valued at 3.225 billion dollars.“This shows an increase of 19.59 per cent as against the sum of 2.696 billion dollars recorded for the first half of the year 2024.
“The volume also increased to 4.04 million metric tonnes, compared to the 3,83 million metric tonnes for the same period of 2024,” she said.The director-general recalled that in April, Nigeria’s non-oil products exported in the first quarter of 2025 recorded a significant value of 1.791 billion dollars.She said that the figure represented a 24.75 per cent increase over the 1.436 billion dollars reported in the first quarter of 2024.Ayeni said that the volume also increased to 2.416 million metric tonnes, representing a 24.3 per cent increase from the 1.937 million metric tonnes recorded in the first quarter of 2024.She further stated that a total of 236 different products were exported in the first half of the year.This, the director-general said, represented an increase of 16.83 per cent compared to the 202 distinct products exported in the first half of 2024.She said that the products exported included agricultural commodities and extractive industries as well as manufactured and semi-processed products.“However, it is pertinent to state that the non-oil export of Nigerian products is gradually diversifying from traditional agriculture exports to semi-manufactured products,” she said.Ayeni noted that based on the data received from Pre-shipment Inspection Agents (PIAs), of the top 20 products exported in the first half of this year, cocoa beans was the highestShe said that the product had 34.88 per cent value in terms of total export compared to 23.18 per cent for the same period in 2024.“Urea/fertiliser came second with 17.65 percent as against 13.78 per cent for the first half of 2024,” she added.The director-general said that African Continental Free Trade Area (AfCFTA) had helped in providing wider market access and tariff relief for Nigerian exporters.She also said that the council had some export intervention programmes, such as capacity-building on quality and standards, packaging and labelling, export documentation and certifications.“During the period under review, the council also facilitated market access and market linkage programmes for our exporting companies, thereby, giving their products more visibility in the global market.“The growth in value-added exports improved earnings, as more exporters are now imbibing the culture of value addition to their products.“The rising demand from emerging economies, such as India, Brazil, Vietnam and Africa have, however, increased Nigeria’s non-oil export volumes and diversity,” she said.Ayeni expressed the council’s commitment to working with the Ministry of Industry, Trade and Investment and other relevant stakeholders to sustain the strong performance by increasing the volume and value of non-oil exports from Nigeria.The efforts, she said, were in alignment with the President Bola Tinubu-led administration’s Renewed Hope Agenda and the policy drive of the ministry. (NAN)

Continue Reading

COVER

FCTA Vows Continuous Illegal Demolition in Abuja

Published

on

Share

By Laide Akinboade, Abuja

The Federal Capital Territory Administration has pledged to sustain the demolition of shanties and parks serving as hideouts for criminals in the Federal Capital Territory.The FCT minister’s Special Assistant on Public Communications and Social Media, Lere Olayinka, in a statement yesterday said the exercise was “a targeted public safety intervention based on credible intelligence and not an act of persecution against anyone.

”According to him, security agencies, including the NDLEA and DSS, had identified several locations and facilities in the city as safe havens for criminal activities, notably the Banana Green Belt from the Central Mosque area towards Wuse Zones 3 and 1 and the Area 10 corridor.
“In these areas, innocent citizens are assaulted by assailants who then seek refuge within the surrounding Banana Green Belt/vegetation cover to escape arrest,” he said.Olayinka disclosed that the demolition of shanties at Jazz and Blues Entertainment, Panorama Recreational Park, Wuse Zone 3, was part of the clean-up, following evidence of sustained criminal activity tied to organised networks operating within the FCT.“The intelligence obtained and verified through several surveillance and undercover investigations of these locations, amongst which was the Jazz and Blues Entertainment at Panorama Recreational Park, Wuse Zone 3, was that a segment of the park containing shanties and batchers had evidence of sustained criminal activity tied to organized networks operating within the FCT,” the statement partly read.Olayinka noted that the FCTA had issued multiple contravention notices between February 2024 and July 2025, which were ignored by the park’s management.“While the FCTA acknowledges and respects the military service of Air Commodore Balogun, it reiterates that national service is not a licence for any individual to harbour criminal elements,” he added.Olayinka stressed that the main facilities at the park, including the football field, gymnasium and viewing platforms, were unaffected.He said the city-wide clean-up, which began on August 6, would be extended to other districts in the coming weeks to build a city where residents will be safe to live, work and recreate.Police Arrest Three over 2024 Murder, Robbery in AbujaOperatives of the Federal Capital Territory (FCT) Police Command have arrested three suspects in connection with the murder of Azubuko Nwakama, a staff member of Liberty Radio, who was attacked and robbed at Panteka Market in Mpape on June 14, 2024.The Command’s spokesperson, Josephine Adeh disclosed in a statement that the arrests followed months of sustained investigation and surveillance by detectives attached to the Mpape Division.“Following the incident in June 2024, detectives from Mpape Division immediately launched a comprehensive investigation,” she said.The suspects reportedly robbed the victim of his mobile phone and other valuables before stabbing him. However, efforts to trace the stolen phone proved difficult for months, as the device remained switched off.According to the police, the breakthrough came on August 2, 2025, when the phone — a Redmi 13C — was switched on and tracked to one Mutari Lawal, 32, of Kano State.“Upon arrest, Mutari confessed to the crime and revealed the identities of his accomplices: Dan’Asabe Ibrahim, 22, from Zamfara State, and Danjuma Ibrahim, 18, both with no fixed address in Mpape,” the statement noted.Lawal reportedly admitted he took the phone to Kano, where he kept it powered off for over a year. He returned to Abuja and switched it on only after attempting to wipe its data and insert a new SIM card.The Commissioner of Police, FCT Command, CP Ajao Adewale, commended the officers for their professionalism and perseverance, stressing that justice has finally caught up with the suspects.He also warned criminal elements in the territory to either “repent or relocate,” as the law will eventually catch up with them.“The long arm of the law is patient, persistent, and resolute,” the CP declared.The FCT Police Command reiterated its commitment to public safety and urged residents to remain vigilant and report suspicious activities via its emergency numbers: 08032003913, 08028940883.

…Nab Herder with Ammunition, Six Suspected Robbers in NasarawaThe Nasarawa State Police Command has arrested a herder in possession of an AK-47 magazine loaded with six live rounds of ammunition, along with six individuals suspected of involvement in robbery and kidnapping across parts of the state.The Police Public Relations Officer (PPRO), Ramhan Nansel disclosed this in a statement issued yesterday in Lafia.According to him, the arrests followed credible intelligence from a concerned citizen, leading operatives of the Doma Division, led by the Divisional Police Officer, to raid a known criminal hideout in Yelwa Ediya, Doma Local Government Area.The suspects arrested include Dardau Shehu, Yunusa Malami Hashimu, Musa Abubakar, Ibrahim Musa, and Mohammed Musa, all residents of Yelwa Ediya Village.During preliminary interrogation, the suspects reportedly confessed to their involvement in the abduction of a local councillor (name withheld) on May 26, during which two mobile phones, an Infinix Note 30 (valued at N250,000) and a Tecno phone (valued at N20,000) were taken.They also allegedly admitted to staging a roadblock along the Doma–Yelwa road on July 19, 2025, around 9:00 a.m., during which they dispossessed one Ibrahim Haruna of a Bajaj motorcycle valued at N970,000. The motorcycle was later sold, with one of the suspects reportedly involved in arranging the sale.“Officers recovered N100,000, identified as proceeds from the sale, which had been concealed in the bush. A Bajaj motorcycle was also recovered during the operation,” the PPRO stated.In a separate incident, officers from the Keana Division arrested a herder accused of discharging a firearm during a dispute with local farmers at Gidan Zaki Hassan, Kuduku, in Keana LGA.The suspect, identified as 20-year-old Suleman Mohammadu, was arrested with support from community members. An AK-47 magazine containing six live rounds was recovered from him.The Commissioner of Police, Shettima Jauro Mohammed, has directed that all suspects be transferred to the State Criminal Investigation Department (SCID) for further investigation and possible prosecution.CP Mohammed reaffirmed the Command’s commitment to ensuring public safety across the state and called on residents to remain law-abiding and cooperate with law enforcement by providing timely and credible information.CAS Vows to Crush Emerging Security ThreatsThe Chief of Air Staff (CAS), Air Marshal Hasan Bala Abubakar yesterday reaffirmed that protecting the lives and property of Nigerians remained a non-negotiable priority for the Nigerian Air Force and vowed that the security forces would crush the emerging security threats in the North-West and the country in general.This was contained in a statement in Abuja by the Director of Public Relations and Information, Headquarters, Nigerian Air Force, Air Commodore Ehimen Ejodame.According to the statement, the Air Chief made the declaration on Sunday during his operational assessment visit to Kebbi.This includes high-level engagements with senior military commanders, heads of other security agencies, and an inspection of key military infrastructure, underscoring the Nigerian Air Force’s readiness to respond swiftly and decisively to emerging threats in the North-West.“Our commitment is clear: we will locate and root out all criminal elements threatening the peace and safety of law-abiding citizens. Nigeria must be secure for development to thrive,” the CAS declared.The CAS, who also held a meeting with the State Governor Mohammed Nasir Idris and members of the Kebbi State Executive Council, emphasised the strategic importance of Kebbi in Nigeria’s security architecture.According to him, “Kebbi shares international borders with the Republics of Benin and Niger and has vast rural terrains that demand heightened security vigilance, what affects Kebbi affects the entire North-West, and by extension, the peace and stability of our nation.”The CAS further praised the readiness of troops and effectiveness of security infrastructure in the state, saying, “I am highly impressed with what I saw on the ground”.“Our platforms are well-positioned and capable of reaching every part of the state swiftly. Intelligence, surveillance, and reconnaissance operations will be intensified.”The CAS also commended the inter-agency synergy among security outfits operating in Kebbi, saying, “I commend the dedication of our colleagues in the Nigerian Army, the Nigerian Police, Department of State Services, Nigerian Security and Civil Defence Corps, and others”.According to him, “Their tireless efforts are making a difference, and we will continue to support them with air power and strategic coordination.”The statement added that Governor Mohammed Nasir Idris, expressed profound appreciation to the Nigerian Air Force and other security agencies for their tireless commitment to safeguarding lives and property across the state and pointed out that despite emerging threats and the complex security environment in the North-West, Kebbi had remained largely peaceful, an achievement he attributed to the vigilance and sacrifices of the nation’s security forces.Governor Idris reaffirmed his administration’s unwavering support for the Nigerian Air Force and all sister agencies, stating, “We are fully committed to working hand in hand with our security institutions to ensure Kebbi remains a bastion of peace and stability.”It stated that the operational visit reaffirmed NAF’s strategic commitment to national defence through the employment of air power, intelligence, and partnerships with stakeholders at all levels to ensure the protection of lives and properties of Nigerians.

Continue Reading

COVER

Atiku, Falana Condemn NYSC Over Withheld Corps Member Certificate

Published

on

Share

By David Torough, Abuja

The National Youth Service Corps (NYSC) has come under heavy criticism from former Vice President Atiku Abubakar and human rights lawyer Femi Falana, SAN, over the alleged withholding of a discharge certificate from Lagos-based corps member, Ushie Rita Uguamaye, popularly known as “Raye.

”Raye, who completed her one-year service in Lagos, claimed she was denied her certificate after officials accused her of missing April clearance.
She insisted she was present for the exercise but was repeatedly told to wait by her Local Government Inspector (LGI), who eventually seized her file and refused to clear her.Atiku, in a statement on X, described the situation as “Unacceptable” and warned that punishing citizens for criticising government policies would erode public trust in national institutions.
He urged the NYSC to act swiftly, questioning whether the action was politically motivated given Raye’s previous viral criticism of economic hardship under President Bola Tinubu’s administration.Falana also condemned the decision, calling it an “Illegal act” not sanctioned by any court, and likened it to past abuses under military rule. Citing Section 39 of the 1999 Constitution, he reminded the NYSC of the President’s Democracy Day speech encouraging constructive criticism and urged the immediate release of Raye’s certificate.However, NYSC has denied any political motive. Spokesperson Caroline Embu said Raye was one of 131 corps members sanctioned for failing April biometric clearance, leading to a standard two-month service extension in line with NYSC by-laws. The scheme maintained the measure was procedural and not targeted at silencing dissent.The standoff has sparked fresh debate about the NYSC’s disciplinary process, freedom of expression, and whether the system is vulnerable to political interference.

Continue Reading

Advertisement

Read Our ePaper

Top Stories

CRIME21 minutes ago

Police Arrest Three over 2024 Murder, Robbery in Abuja

ShareOperatives of the Federal Capital Territory (FCT) Police Command have arrested three suspects in connection with the murder of Azubuko...

BUSINESS30 minutes ago

Nigeria Customs Set to Review License Rates of Agents

ShareBy Tony Obiechina Abuja The Nigeria Customs Service (NCS) said it has commenced consultations with stakeholders on planned review of...

BUSINESS35 minutes ago

Nigeria Exports 663m Metric Tonnes of Products within ECOWAS in Six Months

ShareThe Nigeria Export Promotion Council (NEPC), said Nigeria exported products worth 663 million metric tonnes to 11 ECOWAS countries in...

NEWS46 minutes ago

President Tinubu, the North and Distortions of Politics

ShareBy Tunde Rahman Two years in the saddle, has President Bola Tinubu undercut the North in running the country’s affairs...

NEWS2 hours ago

Delta Police Arrest Two Suspected Armed Robbers, Recover Firearms, Stolen Items

ShareFrom Francis Sadhere, Delta Two suspected armed robbers have been arrested in Ogwashi-Ukwu, Delta State, after a swift police operation...

NEWS2 hours ago

ITF Secures City and Guilds London Approval as International people Examination Centre

ShareFrom Jude Dangwam, Jos The Industrial Training Fund (ITF) has recorded a significant boost in its efforts to train and...

NEWS2 hours ago

OAU Management Raises the Alarm as Student Goes Missing

ShareFrom Ayinde Akintade, Osogbo The authorities of Obafemi Awolowo University, Ile-Ife, have involved the Osun State Command of the Nigerian...

NEWS2 hours ago

FG Pays Second Tranche of N35,000 Wage Award Arrears to Workers

ShareBy Tony Obiechina Abuja The Federal Government has paid the second tranche of the outstanding N35,000 wage award arrears to...

NEWS5 hours ago

Nigeria’s Slump-and-Die Epidemic: Doctors in Diaspora Write NASS, Tinubu over Increased Deaths, Seeks Emergency Intervention, Funding

ShareFrom Mike Tayese, Yenagoa Nigerian Doctors in diaspora have called on the leadership of the National Assembly and President Bola...

OPINION6 hours ago

Strategic Thoughts on the 2027 Presidential Election

ShareBy Ahmed Aminu-Ramatu Yusuf Nigeria’s forthcoming 2027 general elections are some twenty months away. The major political parties: the All...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc