Author: Aminu Imam

Ɗangote Refinery on track for $30bn annual revenue target despite US tariff

Aminu Imam
Ɗangote Refinery

Aliko Ɗangote, Africa’s richest person, said his group is on track to generate total revenue of $30 billion next year, even as companies fret over the potential impact of US President Donald Trump’s tariffs. The Chief Executive Officer of Ɗangote Industries Ltd. said his businesses, which include a giant 650,000 barrels-a-day oil refinery in Lagos, Nigeria’s commercial hub, will add at least $5 billion of revenue in 2026 from $25 billion this year. Trump’s tariffs spared oil and gas exports, allowing Ɗangote Petroleum Refinery to keep selling its products to…

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Tinubu to meet GenCos leadership over ₦4tr debt – Minister

Aminu Imam
IMG 20250504 WA0011

Minister of Power, Adebayo Adelabu, has said that a meeting has been scheduled between President Bola Tinubu and the leadership of the Power Generation Companies (GenCos) over a ₦4-trillion debt. Adelabu said that the meeting was scheduled with a view to finding a common ground to settle the debt owed the GenCos. Special Adviser, Strategic Communications and Media Relations to the minister of power, Bolaji Tunji, who disclosed this in a statement in Abuja yesterday, assured that the Federal Government would immediately pay a significant portion of the debt, while…

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“Cybercrime Act now Tinubu Govt.’s weapon of tyranny” – SERAP, Editors cry out

Aminu Imam
SERAP, Editors

A storm of criticism is sweeping through Nigeria’s media and civil rights landscape as the Socio-Economic Rights and Accountability Project (SERAP) and the Nigerian Guild of Editors (NGE) have launched a scathing attack on the Tinubu administration over the “draconian” use of the Cybercrimes Act to silence dissent. In a powerful joint declaration delivered on World Press Freedom Day, the two bodies accused federal and state authorities of using the controversial law to criminalise journalism, muzzle free speech and terrorise critics, calling for the immediate release of all unlawfully detained…

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Rivers: Tinubu under local, Int’l pressure to reinstate Fubara on Democracy Day

Aminu Imam
Tinubu2027

There are speculations that President Bola Ahmed Tinubu is under intense pressure from prominent Nigerians and abroad over the current emergency rule in Rivers state. President Tinubu may reinstate the suspended governor, Siminalayi Fubara, by May 29.  Former member of the house of representatives, Prince Ogbonna Nwuke, , according to a report, said: “I think as a democrat, the president should use the May 29, which is a big day in our country’s political history, to convince the whole world that he is indeed a true democrat, by reinstating Governor…

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FG Impoverishment Policies: ‘73.3% of Nigerians reject electricity tariff hike, subsidy removal” – Poll

Aminu Imam
Nigerians reject tariff hike

73.3% of Nigerians have rejected the recent Federal Government’s electricity tariff hike, as well as its fuel subsidy removal, according to a recent poll. A recent poll by ‘BusinessDay’s April 2025 TalkExchange’ has revealed that most Nigerians are against the recent increase in electricity tariffs for high-usage consumers and the reduction of Government subsidies on electricity. The electricity tariff hike, with a 300% increase for Band-A customers, has sparked concern, as power remains unreliable.  The data reflects growing concerns over affordability, fairness, and the effectiveness of these reforms. Despite subsidy…

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“Buhari was more interested in being President than governing”, says Baba-Ahmed

Aminu Imam
Baba Ahmed on PMB

A former Special Adviser on political matters to Vice-President Kashim Shettima, Hakeem Baba-Ahmed, has accused former President Muhammadu Buhari of being more interested in the office during his administration than working for the country. Baba-Ahmed, who stated this during a television programme on Friday, classified the former President as Nigeria’s worst president. According to him: “Buhari didn’t represent the North. We saw in Buhari a better option, not because he was a northerner but because, at the time, he was a better option than Goodluck Jonathan. We thought he’d be…

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Insecurity: Tinubu pledges to take back forests, fight terrorists with tech

Aminu Imam
Tinubu pledges

President Bola Tinubu said his administration is committed to reclaiming ungoverned areas, particularly forests, in the North-West region and across Nigeria, deploying advanced surveillance and technology to combat kidnapping, banditry, and terrorism. In an issued statement yesterday by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu made the pledge during a State dinner with Katsina elders and leaders at the Government House on Friday night. He said: “We will invest more in technology and take over the forests”. Responding to concerns raised by former Governor Aminu Bello Masari,…

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4 soldiers killed, as Boko Haram fighters attack Army Brigade in Yobe

Aminu Imam
B' Haram Yobe attack

Boko Haram fighters attacked the Nigerian Army’s 27 Task Force Brigade in Buni-Yadi, Yobe State, early Saturday, killing four soldiers and destroying military equipment. A security source who survived said the gunmen struck around 2 a.m., catching troops off guard with heavy gunfire and explosions. “We lost four men and some of our equipment. It was a tough battle”, he said. The Army confirmed the attack on its official Facebook page, noting that troops of ‘Operation Haɗin Kai’ were engaging the insurgents in Buni Gari. Buni-Yadi, about 65km from Damaturu…

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“No worker in Kaduna earns below ₦70,000” – Gov. Uba Sani

Aminu Imam
Gov. Uba Sani

Governor Uba Sani, of Kaduna State, has said there is no civil servant currently earning less than the ₦70,000 national minimum wage in the State. The governor, who reiterated his antecedents as a human rights activist, further said that the least paid worker earns ₦72,000. He stated this while delivering his address at the 2025 Workers’ Day celebration at Murtala Square, Kaduna. The Governor, however, acknowledged that what has not been resolved is the issue of incremental adjustment of salaries, promising that the issue would be resolved. “I have been…

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Naira depreciates by 0.34% against dollar at official market

Aminu Imam
Naira depreciates

The Naira depreciated on Friday at the official market, trading at ₦1,602.18 to the dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost ₦5.49. This represents a 0.34 percent loss when compared to the ₦1,596.69 per dollar recorded on Wednesday, April 30, before the Workers’ Day holiday on Thursday, May 1. The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it traded at ₦1,599.95, ₦1,599.71, and ₦1,596.69, respectively. The local currency, which closed the…

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