The Sokoto State Police Command has announced the arrest of 22 suspects in connection with criminal conspiracy, theft, mischief, and the receipt of stolen items. Mr. Ahmed Musa, the Commissioner of Police (CP) in the state, disclosed this while addressing journalists in Sokoto on Thursday. He stated that the arrests align with the police’s commitment to ensuring the safety of lives and property in the state. Musa revealed that two suspects were apprehended following a report from the Manager of SAMAG Engineering Company regarding the alleged theft of aluminium conductor wires in the Goronyo Local Government Area on Friday. “The…
Author: Abdoulaye Kay
Sterling Bank, a leading financial institution committed to empowering small and medium enterprises, has been honored with the prestigious MSME Bank of the Year award at the 2024 MSME Finance Awards. The Sterling Bank, commited to small businesses, was recognized at the annual MSME Finance Awards. The event, organized by Nairametrics and The Economic Forum Series, took place on Saturday 27th September at Civic Centre, Victoria Island, recognizing excellence in supporting Nigeria’s vibrant MSME sector. Mustapha Otaru, Chief Product Officer at Sterling Bank Ltd, expressed his enthusiasm: “This award is a testament to Sterling Bank’s unwavering commitment to empowering MSMEs.…
From November 1, 2024, vehicle owners will be expected to pay N21,000 and N15,000, respectively, to obtain a five-year and three-year driver’s licence, and number plate. The new rates followed a review recently approved by the Joint Tax Board (JTB). Also, a revised price to obtain a five-year and three-year driver’s licence for a motorcycle/tricycle will be N11,000 and N7,000 respectively. However, Olusegun Adesokan, the secretary of JTB, in a circular sighted by BusinessDay, stated that the approval for the increased rates was subject to the ability of the Federal Road Safety Corps to adequately educate and sensitise the public…
Nigerian Electricity Distribution Companies (DisCos) recorded the sum of N431.16 billion as revenues from customers in Q2 2024, reflecting a collection efficiency of 79.31%. This is contained in the quarterly report of the Nigerian Electricity Regulatory Commission (NERC) covering the second quarter of 2024. This performance, derived from a total billing of N543.64 billion, shows a modest increase of 0.20 percentage points compared to the previous quarter’s 79.11% efficiency. The rise in collection efficiency indicates an improvement in DisCos’ ability to recover billed revenues despite ongoing challenges in the power sector. In addition to revenue collections, the report shows that DisCos’ remittance to the upstream market players…
State governments participating in the Special Agro-Industrial Processing Zone (SAPZ) project have pledged their commitment to the speedy and effective implementation of the initiative. The states involved include Cross River, Imo, Kaduna, Kano, Kwara, Ogun, Oyo, and the Federal Capital Territory (FCT). The commitments were made during separate interviews with journalists at the SAPZ Phase 1 High-Level Implementation Acceleration Dialogue and States Steering/Technical Committee Workshop held on Wednesday in Abuja. SAPZ is an inclusive agro-industrialisation programme aimed at creating integrated, agriculturally focused platforms to drive private sector investment in value-added agro-processing. The project seeks to unlock opportunities in food security,…
Nigeria must enhance its crude oil production capacity and effectively manage supply to ensure adequate feedstock for domestic refineries, in order to transition from a net importer to a net exporter of petroleum products, according to Aliko Dangote, Chairman of Dangote Refinery and Petrochemicals Company Limited. Speaking during his keynote address at a summit organized by the Crude Oil Refinery Owners Association of Nigeria (CORAN) in Lagos, Dangote expressed concern over Africa’s dependency on petroleum imports, despite the continent’s abundant crude oil resources. He highlighted that Africa imports around 3 million barrels of petroleum products daily, which cost approximately $17…
Cameroon’s President Paul Biya, aged 91, has not been seen in public for weeks, sparking concerns about his health and the country’s future leadership. Biya, who has ruled Cameroon since 1982, is Africa’s second-longest-serving leader and the world’s longest-serving non-royal head of state. His long tenure has often raised questions about succession, given his advanced age and the increasing fragility of his appearances over recent years. Public speculation over Biya’s health has been fueled by the government’s continued silence regarding his absence. The last time Biya was seen publicly was at the China-Africa Summit in September, and since then, there…
A tragic accident has claimed the life of a Prince of the Zazzau Emirate, Umar Shehu Idris Dan-Isan Zazzau, who died in a road crash along the Abuja-Kaduna Expressway on Tuesday evening. The sad news was confirmed by the spokesperson of the Emirate, Abdullahi Aliyu Kwarbai. Umar Shehu, 41, was a prominent figure in the Zazzau Emirate of Kaduna state, serving as the Assistant Secretary of the Emirate Council. His untimely death has left the community in deep mourning. He is survived by his wife and two young children. The loss is even more profound as it comes just 40…
The President of the Dangote Group, Aliko Dangote stated on Tuesday that the Dangote Refinery was constructed without receiving any incentives from the Nigerian government. This announcement was made during his keynote address at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit in Lagos, themed “Making Nigeria a Net Exporter of Petroleum Products.” Represented by Mr. Ahmed Mansur of the Dangote Group, Dangote emphasized the need for more investor incentives to achieve Nigeria’s vision of becoming a refining hub. He stressed the importance of ensuring a consistent crude oil supply and urged the government to end the practice…
The Federal Government has issued a new flood warning for Nigeria as excess water is being released from Jebba Dam. This development follows the regulated water release by Kainji Dam operators, who had maintained a 53cm buffer to manage inflows until now. In a statement, the Director General of the Nigeria Hydrological Services Agency (NIHSA), Umar Ibrahim Mohammed, explained that the agency is closely coordinating with the operators of both Kainji Dam and Jebba Dam, both in Niger state. “We are working closely with the dam operators to manage the reservoirs effectively,” said Mohammed. NIHSA’s Director of Operational Hydrology, Femi…