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18Aug By Gami TadanyigbeNo Comments

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BOI CREDITS PRESIDENT TINUBU FOR SUCCESS OF N250 BILLION BOND

STATEHOUSE PRESS STATEMENT BOI CREDITS PRESIDENT TINUBU FOR SUCCESS OF N250 BILLION BOND The Bank of Industry Limited (BOI) has praised President Bola Ahmed Tinubu for his leadership and support after its ₦250 billion Series 1 Fixed Rate Bond was oversubscribed within five days. The bank issued the bond through its BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme. BOI Chief Executive Officer Olasupo Olusi said the bond's oversubscription indicates investors’ confidence in the bank and Nigeria. “The strength of the investor response is a vote of confidence not only in BOI, but also in the capacity of Nigeria’s domestic capital market to mobilise long-term capital for productive investment,” he said. “As a Development Finance Institu...

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18Aug By Gami TadanyigbeNo Comments

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Federation Account : FAAC disburses N3.007tn to FG, states, LGs for July, 2026

18th August, 2026 The Federation Account Allocation Committee, FAAC, has shared N3.007 trillion among the Federal Government, State governments and 774 Local Government Councils, as revenue for the month of July, 2026. The Director, Press and Public Relations Office of the Accountant-General of the Federation, OAGF, Bawa Mokwa, said this in a statement on Tuesday August 18, 2026 in Abuja.

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18Aug By Gami TadanyigbeNo Comments

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Maitama Flood: Wike Orders Demolition of Houses Blocking Water Channels

The Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has ordered the immediate demolition of houses found obstructing designated water channels in Maitama and other flood-prone areas of Abuja. Wike, who issued the directive after inspecting flood-affected areas in Maitama on Tuesday, said the demolition would commence immediately and continue until Saturday, regardless of the ongoing political activities or the status of the owners of the affected properties. The minister said the government would no longer tolerate the obstruction of waterways by property owners, warning that the exercise would affect all structures found to have been built on designated water channels, irrespective of the status of their owners. “We will demolish all those houses found on...

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17Aug By Gami TadanyigbeNo Comments

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TAJBank’s PBT rises by 74%, assets grew to N1.34 trn in 2025

TAJBank Limited, Nigeria’s largest non-interest bank (NIB) by assets has sustained its ethical banking leadership with its Profit Before Tax (PBT) surging year-on-year by 74 per cent to N31.562 billion in FY2025. The figure grew from N18.166 billion recorded in the 2024 FY, the bank’s 2025 audited financial statement says. A statement by the bank’s Managing Director/CEO, Mr Hamid Joda, said in Abuja on Monday, that its total assets also grew to N1.34 trillion from N953 billion in the preceding year. Joda said the bank’s non-interest lender’s total equity grew to N149 billion. According to him, this reflects 144 per cent growth over the N61.250 billion recorded in 2024 among other positive Key Performance Indicators (KPIs) of its operations during the year. Joda describe...

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17Aug By Gami TadanyigbeNo Comments

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Account Restriction: Adeleke Withdraws Suit Against EFCC

Osun State Governor, Ademola Adeleke, has withdrawn the suit against the Economic and Financial Crimes Commission over the freezing of the state government’s account, following President Bola Tinubu’s intervention.Adeleke stated this in an interview with Channels Television on Sunday, after he was declared winner of the Osun State governorship election, adding that he was no longer interested in pursuing the matter against the anti-graft agency. The governor said Tinubu had personally intervened in the matter and that he saw no reason to continue with the legal action. “What else do I want? I’ve instructed my Attorney General to drop it. Mr President has done well; he called me. What more do I want?” Adeleke said. The EFCC had placed a Post No Debit restriction on a state gov...

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17Aug By Gami TadanyigbeNo Comments

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Osun Elections: APC mulls tribunal challenge

The All Progressives Congress weighs its legal options after losing Saturday’s governorship election. Adeleke was declared winner of the poll by the Independent National Electoral Commission after polling 511,067 votes to defeat the APC candidate, Bola Oyebamiji, who scored 444,815 votes. The governor won 19 of the state’s 30 local government areas, while Oyebamiji won 11. INEC declared Adeleke the winner after he secured victory in 19 of the state’s 30 local government areas, while Oyebamiji won in the remaining 11 council areas. The declaration, made by the State Returning Officer, Prof Joshua Ogunwole, Vice-Chancellor of the Federal University, Oye-Ekiti, came on Sunday, confirming Adeleke’s return for a second term in office. President Bola Tinubu congratulated Adeleke...

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17Aug By Gami TadanyigbeNo Comments

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Rainbow Coalition Reconciliation Committee Meets Fubara, Says No One Will Be Victimised

The Reconciliation Committee of the Rainbow Coalition has announced significant progress in efforts to resolve past political differences among stakeholders in Rivers State, assuring members of the political family that nobody would be victimised or discriminated against as the reconciliation process gathers momentum. The committee gave the assurance on Sunday after meeting with Rivers State Governor, Sir Siminalayi Fubara, at the Government House in Port Harcourt. The meeting was the second between the committee and the governor in about two weeks and formed part of ongoing efforts to restore political unity and cooperation among previously estranged leaders and supporters. Chairman of the committee, Senator Magnus Abe, said the latest engagement was focused on further discu...

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17Aug By Gami TadanyigbeNo Comments

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FG: Diaspora Investment, Strategic Partnerships Key to Nigeria’s Economic Transformation

The Federal Government has called for stronger economic cooperation between Nigeria and its citizens abroad, stressing that the Nigerian diaspora represents a vast pool of human capital, expertise and investment that can accelerate national development. The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, made the call while speaking at the Dinner Night of the Nigerian Diaspora Economic Conference in Toronto, Canada. Rather than viewing Nigerians abroad primarily through the lens of consular services and welfare interventions, Enikanolaiye said the administration of President Bola Ahmed Tinubu, GCFR, considers the diaspora an important strategic resource capable of contributing significantly to Nigeria’s development priorities. “For this government, Nigerians ...

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17Aug By Gami TadanyigbeNo Comments

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Fake Agency: Disagreements Stall Reps Panel Report

The House of Representatives ad hoc committee investigating the operations and circumstances surrounding the purported Presidential Foreign Investment Promotion Council, is divided, NewsSpecng learnt.This according to information the division in the committee is responsible for delay inn the drafting of the panel’s final report. The committee, chaired by Plateau State lawmaker, Yusuf Gagdi, has been sitting for more than a month and is currently putting finishing touches to its report ahead of its presentation to the House when plenary resumes. The committee questioned several senior government officials, including the Head of the Civil Service of the Federation, Didi Walson-Jack; Director of Banking Services at the Central Bank of Nigeria, Hamisu Abdullahi; Director-General of ...

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17Aug By Gami TadanyigbeNo Comments

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Adeleke Wins Second Term as Osun Governor, Defeats APC’s Oyebamiji by 66,252 Votes

Governor Ademola Adeleke of the Accord Party has been declared winner of the 2026 Osun State governorship election. He defeated his closest challenger, the All Progressives Congress (APC) candidate, Bola Oyebamiji to secure a second four-year term.Adeleke polled 511,067 votes, while Oyebamiji garnered 444,815 votes, giving the incumbent a winning margin of 66,252 votes.The Independent National Electoral Commission (INEC) Returning Officer for the election, Prof. Joshua Ogunwole, declared Adeleke winner in the early hours of Sunday after the collation of results from across the state. The governor’s victory came after he secured the highest number of votes in 19 of the state’s 30 local government areas, according to reports on the final results.INEC records showed that a total of 1,0...

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17Aug By Gami TadanyigbeNo Comments

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RECOVERY DOES NOT END AT THE TREATMENT CENTRE

Why reintegration, family support, education and employment are critical to sustainable recovery By Gami Tadanyigbe For years, much of the public conversation around addiction, substance use disorders and rehabilitation has centred on a fundamental question: How do we get this person into treatment?But there is another question that is equally important: What happens after treatment?According to Dr. Mohammed Audu, Founder and Executive Director of the DMA Foundation, Nigeria must pay greater attention to what happens after a person completes treatment. “Treatment cannot end at the point of stabilisation or discharge,” Audu says.For Audu, rehabilitation is not simply about removing a person from a harmful environment for a period of time. It is about equipping individuals with the...

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17Aug By Gami TadanyigbeNo Comments

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NSDC targets sugar self-sufficiency with $1bn investment, N10bn fund

By Lucy Ogalue The National Sugar Development Council (NSDC) is targeting sugar self-sufficiency through a one billion dollars investment partnership and N10 billion acceleration fund. The Executive Secretary of NSDC, Mr Kamar Bakrin, said this in a statement on Sunday in Abuja. Bakrin spoke recently when he received the Abuja Chapter of the Chartered Institute of Directors (CIoD) on a courtesy visit. He said the Council was repositioning Nigeria’s sugar industry as a major investment opportunity under the Nigeria Sugar Master Plan (NSMP) 2.0. He said Nigeria consumed about 1.8 million tonnes of sugar annually, with about one billion dollars spent on imports. According to him, NSMP 2.0 targets production of about two million tonnes of sugar locally. “We do not lack po...

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16Aug By Gami TadanyigbeNo Comments

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Kuje Vice Chairperson Calls for Collective Action Against Early Child Marriage

By Gami Tadanyigbe The Vice Chairperson of Kuje Area Council, Hon. Hajiya Asebe Zainab Boyi, has called for concerted efforts by parents, religious leaders, traditional rulers, teachers, government institutions and other stakeholders to end the practice of early child marriage and safeguard the rights, health and future of the girl-child. Hon. Hajiya Asebe made the call while delivering her remarks at a programme focused on raising awareness about the dangers and far-reaching consequences of early child marriage in Kuje Area Council.She expressed deep concern over the continued practice, stressing that marrying off girls before the age of 18 deprives them of critical opportunities to develop, pursue education and achieve their aspirations. “As a Vice Chairperson and as a mother ...

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15Aug By Gami TadanyigbeNo Comments

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50 young footballers set for ABT Academy scouting programme in Kaduna

By Tobias Lengnan Abuja, Aug. 14, 2026 - No fewer than 50 young footballers will showcase their talents at the ABT Football Academy scouting programme scheduled for Aug. 17 to Aug. 23 in Kwoi, Kaduna. The week-long programme will provide players aged 16 to 20 an opportunity to attract professional attention and pursue pathways to clubs in Nigeria and abroad. Alhamdu Bala Gyet, President of ABT Football Academy, told newsmen on Friday that the programme was designed to discover promising grassroots football talents. He said the academy would provide talented youngsters with opportunities to pursue professional careers and compete in top football leagues worldwide. Bala said the programme was strictly for players aged 16 to 20, describing the age bracket as crucial for ea...

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15Aug By Gami TadanyigbeNo Comments

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50 young footballers to vie for ABT Academy scouting slots in Kaduna

By Shekwogami Tadanyigbe No fewer than 50 young footballers will battle for opportunities at the ABT Football Academy Scouting Programme in Kaduna. The week-long programme is scheduled for Aug. 17 to Aug. 23 at ABT Football Academy, Kwoi, Kaduna. Alhamdu Bala Gyet, President of ABT Football Academy, told newsmen on Friday that the programme was designed to discover promising grassroots football talents. He said the academy would provide talented youngsters opportunities to pursue professional careers and compete in top football leagues worldwide. Bala said the programme was strictly for players aged 16 to 20, describing the age bracket as crucial for early talent identification. According to him, participants would receive professional assessment, guidance, and poss...

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14Aug By Gami TadanyigbeNo Comments

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ITUC-Africa demands action against incitement to violence ahead of Osun poll

By Joan Nwagwu The African Regional Organisation of the International Trade Union Confederation (ITUC-Africa) has demanded firm action against incitement to violence ahead of Saturday’s Osun governorship election. Mr Joel Odigie, General Secretary of ITUC-Africa, made the call in a statement issued on Friday in Abuja, expressing concern over recent inflammatory statements. Odigie said political and religious leaders must exercise responsibility in their public utterances, particularly when such statements could threaten electoral peace and religious coexistence. He said the organisation was concerned by alleged statements attributed to Sen. Francis Fadahunsi, representing Osun East Senatorial District, concerning Accord Party supporters. Odigie said Fadahunsi was reportedly...

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14Aug By Gami TadanyigbeNo Comments

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HomeLife’s challenges should never cost girl her education – First Lady

By Joan Nwagwu The First Lady, Sen. Oluremi Tinubu, says no girl or woman should lose the opportunity to pursue education because of life’s challenges. The first lady made the remarks on Friday, at the inauguration of the rehabilitated Alternative High School for Girls in Agboju, Lagos. Represented by the Wife of the Vice-President, Hajiya Nana Shettima, the first lady explained that the school was established in 2007 during her husband’s tenure as governor of Lagos state. She said the school was designed to enable girls, whose education had been interrupted by early pregnancy, socioeconomic challenges and other circumstances to complete secondary education. “I believed then, as I still believe today, that no girl or woman should be denied the chance to reach her full p...

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14Aug By Gami TadanyigbeNo Comments

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1.9m PVCs Collected In Osun Ahead Of Saturday’s Election

No fewer than 1,906,390 Permanent Voter Cards PVCs, representing 81.50 per cent of registered voters, have been collected across Osun State, NewsSpecng learnt.National Commissioner and Chairman, Information and Voter Education Committee at INEC, Mohammed Kudu Haruna, disclosed this in a statement announcing the final figures of PVC collection in the state. According to the statement, out of the 2,339,233 registered voters in Osun State, the remaining 426,842 PVCs, representing 18.50 per cent, have not been collected and have been safely deposited with the Central Bank of Nigeria CBN, in line with the Commission’s established practice. The statement also disclosed that some voters whose PVCs were damaged, defaced, or lost applied for replacement cards, with 6,101 of those applica...

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14Aug By Gami TadanyigbeNo Comments

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Osun Poll: INEC Begins Distribution Of Sensitive Materials

The Independent National Electoral Commission on Thursday night commenced the distribution of sensitive materials ahead of Saturday’s governorship election in Osun State.The materials were distributed under the supervision of the Osun Resident Electoral Commissioner, Mrs Oluwatoyin Babalola. The distribution which is across the 30 Local Government Areas of the state had earlier been delayed following a Federal High Court judgment directing INEC to include the Social Democratic Party on the ballot. The SDP was subsequently added to the list of the 14 political parties for which ballot papers had earlier been printed. As of 11:30 p.m., buses deployed for the exercise were leaving the Central Bank of Nigeria premises in Osogbo for their assigned local government areas. Addres...

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14Aug By Gami TadanyigbeNo Comments

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Refineries will work again Tinubu assures Nigerians

President Bola Ahmed Tinubu, on Thursday in Abuja, assured Nigerians that the government owned refineries will work again.Tinubu said his administration will not allow them to wroth away.He said in-depth research, restructuring, and leadership will reposition them to deliver value and profit. President Tinubu stated this when he received the National Executive of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), led by its National President, Comrade Salimon Akanni Oladiti, at the State House. The President, while responding to a request by NUPENG to revive the nation’s oil refineries, explained that the challenges confronting the refineries would be addressed through a systematic, evidence-based approach rather than short-term interventions. According to him,...

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