Africa’s richest man, Aliko Dangote, has responded to accusations that his business activities were creating a monopoly, saying that he would remain focused on his objectives rather than be distracted by his critics. Dangote, who stated this during an interview with Al Jazeera, used football star Lionel Messi as an example, explaining that a player must concentrate on the ball rather than the audience while playing. “Well, you know, if I’m going to listen to that, have you ever seen a footballer looking at the audience? He has to continue looking at the ball. If I’m Messi, for example, I’m…
Author: Abimbola Ogunaike
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As parts of measures to address the electricity crisis in Nigeria and drive industrialization, Africa’s richest man, Aliko Dangote, has said his conglomerate plans to invest over $10 billion in the power sector. Dangote stated this during an interview with Al Jazeera, where he identified inconsistent government policies and inadequate electricity supply as major challenges discouraging Africans from investing in the continent. He disclosed that the group is considering redirecting funds from certain businesses, including steel, towards electricity generation and other power-related investments. “And I’m telling you in the next three to four years, there will be a major transformation…
This is indeed good news for Nigerian economy as the latest Central Bank OF Nigeria (CBN’s) 2025 Statistical Bulletin revealed that the country’s foreign exchange supply rose by 20.5 per cent to $8.94bn in 2025 from $7.43 billion in 2024, reports thegazellenews.com According to the apex bank, the increase means Nigeria supplied about $1.51 billion more in foreign exchange in 2025 than it did the previous year. The bank added that monthly data showed that FX supply was low at the start of the year before rising sharply in March and April, just as it also added that supply stood…
The Ogun State governorship candidate of the All Progressives Congress, Senator Solomon Adeola, popularly known as Yayi, on Monday, 2I September, 2026 unveiled his nine-pillar manifesto, tagged “ITESIWAJU for Ogun State”, calling for continuity in governance and development policies in the state. Adeola, who is also the Chairman of the Senate Committee on Appropriation and represents Ogun West Senatorial District, cited Lagos State as an example of how successive administrations could build on the achievements of their predecessors to accelerate economic and infrastructural development. The Senator, who disclosed this in Abeokuta, the state capital during a meeting with members of…
The Nigeria Democratic Congress(NDC) on Tuesday, 22 September, 2026 ordered its state and local government area chairmen to begin compiling and harmonising party agents for the forthcoming 2027 general elections, giving them two weeks to submit final lists for approval by the party leadership, reports thegazellenews.com.. The NDC, which made this disclosure through a statement signed by its National Publicity Secretary, Osa Director, directed all state and LGA chairmen to immediately convene meetings with candidates and other relevant stakeholders to collate and harmonise the list of agents. Director explained that the directive was issued in line with the provisions of…
The Federal Government, through the Nigerian Air Force, has taken a major step towards the acquisition of 12 AH-1Z Viper attack helicopters following a beam signing ceremony with Bell Textron in Amarillo, Texas, United States. The Chief of the Air Staff, Air Marshal Sunday Aneke, led a NAF delegation to the ceremony, which marked a significant milestone in the implementation of the Nigeria-United States Government defence cooperation programme. This was contained a statement on Monday, 21 September, 2026 by the Director of Public Relations and Information, NAF Headquarters, Air Commodore Ehimen Ejodame, the acquisition is part of ongoing efforts by…
The Anambra State Government on Tuesday, 22 September, 2026, challenged former Governor of the state, Peter Obi to withdraw from 2027 presidential race, accusing him of breaking key campaign promises on debt and timely payment of workers’ salaries. The state government, through a statement posted on its official X account on Tuesday, 22 September, 2026, the state’s New Media Office asked, “When will Peter Obi quit presidential campaign?” The government, which recalled that Obi had vowed to quit the presidential race if it was proven that he left Anambra in debt, also recalled that Obi had pledged, while governor, to…
A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Tuesday, 22 September, 2026 welcomed Nigeria’s victory in the Mambilla Hydroelectric Power Project arbitration while rejecting allegations that he entered into a corrupt arrangement with Sunrise Power promoter, Leno Adesanya. Malami stated this through a statement issued by his Special Assistant on Media, Mohammed Doka following the International Chamber of Commerce arbitration tribunal’s rejection of claims brought by Sunrise Power and Transmission Company Limited against Nigeria. The ICC tribunal, in its 616-page final award delivered in Paris on September 16, 2026, rejected Sunrise’s claims connected with…
President Bola Tinubu on Monday, 21 September, 2026 at the third Africa Minerals Strategy Group High-level Roundtable on Critical Minerals Development in Africa, called for a fresh continental push to end the exploitation of Africa’s critical mineral resources. Tinubu, represented by Vice President Kashim Shettima, made the call on Monday at the round table meeting on the sidelines of the ongoing 81st Session of the United Nations General Assembly. It was convened and chaired by President Tinubu, alongside AMSG Chairman and Nigeria’s Minister of Solid Minerals, Dr Dele Alake, under the theme “From Resources to Wealth: Continental Cooperation for Mineral…
The Wole Soyinka Centre for Investigative Journalism (WSCIJ) has commended PRNigeria for sustaining its Young Communication Fellowship (YCF) for three consecutive years despite the expiration of the grant support that helped launch the initiative. Executive Director of WSCIJ, Motunrayo Alaka, gave the commendation while delivering the keynote address at the closing ceremony of the 2026 PRNigeria Young Communication Fellowship for the Ilorin cohort. Alaka recalled that WSCIJ supported the fellowship at its inception through the Collaborative Media Project (CMEDIA), with grant from MacArthur Foundation expressing delight that PRNigeria continued the programme after the funding cycle ended in 2024. “We were…