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Stop Purchasing Petrol-powered Vehicles, Tricycles, Generators – FEC to MDAs

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The Federal Executive Council has directed that all new vehicles, generators or tricycles procured by government and its agencies must be powered by Compressed Natural Gas (CNG), solar or electric.

This is in line with the administration’s commitment to ensure energy security, drive utility and cut high fuel cost in the country.

The council, chaired by President Bola Tinubu, at the State House on Monday, reiterated that there was no turning back in the energy reforms initiated by the administration.

It also ordered all government ministries, departments and agencies to henceforth procure only compressed-natural-gas-powered vehicles.

“The President’s directive is also in furtherance of Nigeria’s effort to transit to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions, even as they present a more affordable alternative for Nigerian energy consumers.

“This nation will not progress if we continue to dance on the same spot. We have the will to drive the implementation of CNG adoption across the country, and we must set the example as public officials in leading the way to that prosperous future that we are working to achieve for our people.

“It starts with us, and in seeing that we are serious, Nigerians will follow our lead,” presidential spokesman Ajuri Ngelale had said in a statement.

He said this was line with the President’s commitment to effectively harnessing the nation’s gas potential, alleviating the burden of high transportation costs on the masses while enhancing the standard of living of all Nigerians.

Affected by the order, according to sources, are new requests by Nigeria Customs Service and the Shipper’s Council, an agency of the Ministry of Marine and Blue Economy which had sought approval to buy several hundreds of operational vehicles to be powered by petrol.

The council approved the requests but said they must be CNG vehicles.

The Tinubu administration, which launched the Presidential Compressed Natural Gas Initiative (PCNGi) in October 2023, plans to roll out about 800 CNG buses, 4,000 CNG tricycles and 100 electric buses in the first phase in the next few weeks.

“Government believes its policy will unlock new investments in renewable energy, solar panels and lithium batteries.

“It also believes that the policy will be climate friendly and reduce inflation as it will slash costs by about 60 per cent,” the source said.(NAN)

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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