Author: Newsjaunts

President Bola Tinubu has challenged Africans, including its political and business leaders, to look inwards instead of undue reliance on international donor funds. He made the call at the Tony Elumelu Foundation (TEF) and United Nations Children’s Emergency Fund (UNICEF) Generation Unlimited (GENU) Breakfast Roundtable meeting, a side event at the ongoing 78th United Nations General Assembly (UNGA) in New York, on Tuesday.The event also served as a forum for the launch of the Tony Elumelu Foundation (TEF) Impact Report titled “The Tony Elumelu Foundation EntrepreneurshipProgramme: A Decade of Impact.”The president, who was represented by the Minister for Trade and Industry,…

By OpeOluwani Akintayo The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by the President, Dangote Group, Aliko Dangote.While delivering his speech at the official commissioning of the refinery by former President Muhammadu Buhari in May, he said, “Your excellencies, distinguished guests, our first product will be in the market before the end of July or beginning of August this year.”However, no drop of refined petroleum product from the refinery has hit the market weeks after the promised production deadline, according to findings by The PUNCH.Spokesperson for the Nigerian National Petroleum…

Niger Delta youths, under the aegis of the Coalition of Niger Delta Youth Groups, has backed the pipeline surveillance contract awarded to Tantita Security Services by the Nigerian National Petroleum Corporation Limited (NNPCL) to ensure a brighter future for Nigerians. The Coalition also, unequivocally, expresses its unwavering support and confidence in the leadership of Nigerian National Petroleum Company Limited (NNPCL) under the able stewardship of Mele Kyari.At a press conference in Warri, Delta State on Friday, the Coalition, which is made up of several Niger Delta groups, highlighted some of the gains of the pipeline surveillance and enumerated the giant strides…

In what one would term advanced yahoo yahoo or creative 419, Africa’s former richest man has perfected the art of fooling Nigeria’s political leaders in Africa’s largest economy, and it has successfully allowed him to hold Nigeria’s economy to ransom.The first observation is how every successive president would meet with him in advance of getting sworn into office, as if Nigeria’s future or economic well-being is in the hands of this highly sophisticated yahoo yahoo businessman.His first move after every election is to invite his favorite American friend (pawn) to the presidency, Mr. Bill Gates who gullibly follows him to…

The Joint Northern Action Groups has rejected what they described as fictitious call for the sack of the Group Chief Executive Officer of Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kolo Kyari. They also rejected the call for the suspension of the Executive Vice President (Upstream), Adokye Tombomieye, the Managing Director, Nigerian Petroleum Development Company (NPDC) Ali Muhammed Zahra and Managing Director, and National Petroleum Investment Management Services and Bala Wunti. Speaking at a press conference on Wednesday, the Spokesperson of the groups, Comrade Abdulhameed Enaji, noted that they were challenging “the dubious protest staged in Abuja by some fictitious groups calling…

Aliko Dangote, Africa’s richest man, is facing mounting criticism from Nigerians questioning the fairness of his business empire. With a total of 15,200 tweets at the time of this report, Dangote Group’s leader has come under public scrutiny for the reported disparities in the prices of his cement products across Africa.According to X (formerly Twitter) discussions, there are claims that the billionaire offers cement to other African nations at a more reasonable cost. A user on the X platform, Nefertiti, pointed out that despite Dangote Cement’s production in Nigeria, it fails to offer the product at an affordable rate, prompting contractors to…

The award will be presented to Mr Rabiu alongside other winners of the various award categories.A business mogul and Chair of the BUA Group, Abdulsamad Rabiu, has emerged winner of the 2023 Man of the year Leadership Excellence Awards.In a seven-day Leadership Excellence Awards voting by Nigerians via online platforms, monitored by the News Agency of Nigeria (NAN), Mr Rabiu was voted ahead of three other nominees.The BUA chairperson polled a total of 568,247 votes to defeat other nominees including Allen Onyema, chair of Air Peace; Auwalu Rano, CEO A.A Rano Nigeria Limited and Aloysius Ikegwuonu, founder, Ebubechukwuzo Foundation; who…

As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man.When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available at the cheap official rate, a study by Reuters shows.Reuters examined foreign currency transactions made during an 11-week period in March to May this year. Over that time, Dangote businesses were able to buy at least $161 million in hard currency from the central bank. That…

President Bola Ahmed Tinubu has received a Petition against Billionaire Businessman, Alhaji Aliko Dangote over $3.4 Billion allegedly siphoned through the Central Bank of Nigeria.The petition, seen by POLITICS NIGERIA, filed by Ahmed Fahan, a Social Justice Advocate, alleged that Dangote grossly violated the Forex Guidelines of the CBN for years.The petition was attached to a letter written to the President on August 18th, 2023.The Letter read; “BRAZEN ILLEGALITY: HOW DANGOTE SIPHONED $3.4BILLION DOLLARS THROUGH THE CBN USING FORM A”“I write to you today as an alarmed Nigerian citizen and a tenacious advocate for social justice. I bring to your…

Gbenga Shola Collins, a 38-year-old resident of Abeokuta, has been apprehended by the Eleweran Police Department on Sunday, August 13th, 2023, at the Keem Hotel Ibara housing. The arrest was made after several allegations from different quarters that he is a member of the LGBTQ community. Following his arrest, Gbenga Shola Collins was promptly charged with the offense of being bisexual. Today Thursday, August 17th, 2023, he was brought before the Magistrate Court in Isabo, Abeokuta, Ogun State to face prosecution. The unfolding case has garnered significant attention from the public, shedding light on the ongoing debate surrounding LGBTQ rights…