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Renovated Tinubu Conference Centre Generates N650m Revenue within Three Weeks – Wike

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By Laide Akinboade, Abuja

The Minister of the Federal Capital Territory (FCT), Nyesom Wike on Thursday revealed that the newly renovated Bola Tinubu International Conference Centre has generated N650 million in three weeks after inauguration.It would be recalled that the centre was renovated by the Wike-led FCT administration at N39 billion.

Speaking at a media parley in Abuja, the minister said before the renovation of the conference centre, the FCT received a revenue of N50 million annually.
He stated: “Let me tell you how this country works. The man they gave the conference centre to was paying N50 million to the FCT every year.“That place was commissioned on June 10, and the revenue made within three weeks was N650 million.
Why? People love good things.“The president hosted the Economic Community of West African States (ECOWAS) heads of state in that international conference centre. Go and see the comments from ambassadors. People are rushing to that place now.“In fact, there’s no space. As I speak, it has been booked up to 2027.”He said the allegation that he allocated lands to his sons in Abuja ‘came from Adamawa State’.He said, “Calculate the land in Maitama and Asokoro where we have 2000 hectares of land, ordinary mathematics just tells you that and then for the value of $3 billion and you want me to listen to you? These are the kinds of things I tell people. The stories you tell are rubbish.”I know where it’s coming from, it’s from Adamawa State, I’m aware. It doesn’t make sense – assuming not conceding that we are planning to allocate land to you because you are a citizen of Nigeria, my children are not citizens and they are Ghanaians?”Assuming though not conceding, it doesn’t make sense, if I look at my file most of you have applied for lands and you want me to allocate to you but if my children apply I should not allocate because I’m the minister? Bring the document, bring empirical evidence.”Wike, who also denied that President Tinubu, directed that he should investigate.”Those who said that the President directed me to be investigated, let them wait for the President to invite me, you think the President has no job to do?“You have to understand that when you are trying to correct certain things, people will also fight you back. We are taking decisions to revoke lands and people will make sure that they fight back”.

NEWS

Fresh Terrorists Attack Kills One, Injures Two in Kogi

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From Joseph Amedu, Lokoja

A yet to be identified gunmen suspected to be armed terrorists have attacked two communities in Kogi state killing one resident and injuring two others.

The affected communities are Edede and Ojapata communities both in Oganenigu, Dekina local government of Kogi state.

The gunmen who stormed the communities at about 3:30pm on Tuesday shot dead one Nasiru Ulayi and also razed several residential houses in Ojapata and Edede, rendering many homeless and forcing them into displaced camps.

In a similar attack, gunmen ambushed two members of the local Vigilante in Onitcha-Igo in Ofu local government of the state.

The vigilante members who were on routine patrol unconsciously walked into the ambush and the gunmen opened fire on both of them.

The vigilante members skillfully escaped the rain of bullets, but were fatally wounded during the attack.

DAILY ASSET learnt that the vigilante men were rushed to the Federal University Teaching Hospital (FUTH) Lokoja for urgent medical attention.

One of the victims is said to be currently undergoing surgery as the medical personnel battle to treat bone fracture.

Eye witness said there are growing activities of kidnappers in the affected communities. “The kidnappers in this local communities are brazen and determined to flourish in their trade not minding the presence of security”

However, the Kogi State Police Command is yet to confirm the incident as efforts to reach the Police Public Relations Officer Afusat Oyiza Saliu failed.

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Foreign News

Boko Haram Militants Kill 23 Soldiers in Chad

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The Chadian armed forces on Tuesday said that 23 soldiers were killed and 26 hurt in an attack by Islamist militant group Boko Haram on a base on the shores of Lake Chad.

Army spokesman Issakha Acheikh Chanane said that the attack late on Monday on the island of Barka Tolorom in Lake Chad was repelled by Chadian forces and that “a significant number of militants were neutralized.

Chadian President Mahamat Idriss Déby Itno called the attack “cowardly” in a post on Facebook.

“In the face of barbarism, Chad stands firm, united, and unyielding,” the president said.

“Obscurantism will never prevail over the Republic. We will continue the fight with renewed determination until this threat is eradicated.”

Boko Haram, which was founded in Nigeria in West Africa, has been carrying out repeated attacks in the neighbouring Central African countries of Chad and Cameroon for years.

The islands in Lake Chad in the common border area of the three countries are now the militia’s main retreat.

The worst attack in Chad occurred in March 2020 on the Bohoma peninsula, where around 100 soldiers were killed. 

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NEWS

Dangote Cement Grows Exports by 71.6 Per Cent, Posts N421bn Profit

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By Tony Obiechina, Abuja

Dangote Cement Plc delivered a strong first-quarter performance in 2026, with cement and clinker exports from Nigeria rising by 71.6 per cent as the company expanded its footprint across Africa.

The cement giant disclosed in its unaudited Q1 2026 financial results that it completed 10 clinker shipments from Nigeria to neighbouring markets during the period, reinforcing its status as Africa’s leading cement exporter.

Group installed production capacity also climbed to 55 million tonnes per annum (MTA) across the continent, while total sales volumes grew by 13.8 per cent year-on-year.

This growth was driven by an 11.

5 per cent increase in Nigerian operations and a 19.5 per cent rise across pan-African markets.

Group Managing Director and Chief Executive Officer, Arvind Pathak, described the performance as an exceptional start to the year.

According to him, revenue rose by 20.4 per cent year-on-year to ₦1.198rn, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 22.8 per cent to N567.1bn.

He said the company’s disciplined cost management and efficient operating model were instrumental in converting sales growth into stronger profitability.

Profit before tax for the quarter stood at N421.1bn, marking a 35 per cent increase from N311.9 billion recorded in Q1 2025. Earnings per share also rose significantly to N19.14 from N12.29.

Pathak highlighted the rapid expansion of the company’s export business, noting that growing clinker shipments from Nigeria further strengthened Dangote Cement’s strategic leadership in regional trade.

He also revealed progress on key expansion projects, including the newly commissioned 3MTA grinding plant in Côte d’Ivoire, alongside ongoing projects in Itori, Ethiopia, and other strategic African markets.

The company aims to increase total production capacity to 80MTA by 2030 as part of its long-term growth strategy.

Dangote Cement currently operates 35.25MT capacity in Nigeria, with major plants located in Obajana, Ibese, Gboko, and Okpella.

Through sustained investment in local manufacturing, the company has successfully transformed Nigeria from a cement-importing nation into a net exporter, supplying clinker and cement to countries across West and Central Africa.

With resilient demand across its markets and ongoing expansion initiatives, Dangote Cement says it remains optimistic about maintaining strong growth and delivering long-term shareholder value throughout 2026.

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