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Buhari Names New NDDC Board …Says FG In Talks With N’Delta Militants

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President Muhammadu Buhari has forwarded the name of Senator Victor Ndoma-Egba to the Senate for confirmation as the Chairman of Niger Delta Development Commission (NDDC).
Buhari, in a letter to Senate President, Bukola Saraki, also nominated erstwhile Deputy Governor of Akwa Ibom State, Mr. Nsima Ekere as the new Managing Director of the commission to take over from Mrs Ibim Semenitari, who is currently acting as Managing Director.
Also nominated is Mr Ogaga Ifowodo, to represent Delta State on the board of the commission.
Sources said that the letter forwarding the nominations of the new board was already with the Senate President and was expected to have been read at yesterday’s Senate plenary.
The constitution of the new board of the NDDC follows last year’s dissolution of the Senator Bassey Ewa-Henshaw-led board.
That board was dissolved amidst infighting among board members leading to a paralysis of the board between then chairman and some executive members, a dispute that subsequently led to a court case between the board members and the Federal Government.
The case is still pending at the National Industrial Court, Abuja.
Senator Ndoma-Egba, the chairman nominee, who has an LL.B degree from the University of Lagos and an LL.M degree from the University of Calabar, was called to the Nigerian Bar in 1978, and was elevated to the rank of Senior Advocate of Nigeria in 2004.
He was Chairman of the Nigerian Bar Association (NBA), Calabar branch, and President of the Calabar Chamber of Commerce.
He became a Commissioner in Cross River State at the age of 27, and subsequently progressed in his legal career before winning election to the Senate in 2003 on the platform of the Peoples Democratic Party (PDP).
He served in the Senate for three terms and had his last term between 2011 and 2015, as the Leader of the Senate.
He, however, defected to the All Progressives Congress (APC), in February, 2016, following a prolonged cold relationship with the state branch of the PDP.
However, Nkere, who has been nominated for the position of Managing Director of the NDDC was a former Deputy Governor of Akwa Ibom State but forced to step down in 2012 amidst intrigues.
President Muhammadu Buhari, yesterday, confirmed that his administration is currently engaging Niger Delta militants in talks in order to end the spate of violence being experienced in the region.
He said the talks are being done through oil companies and law-enforcement agencies and are meant to find a lasting solution to insecurity in the region.
According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke while granting farewell audience to the outgoing Ambassador of Germany to Nigeria, Mr. Michael Zinner, at the Presidential Villa, Abuja.
Buhari also told his guest that the Federal Government is studying the instruments of the Amnesty Programme inherited from the previous administration with a view to carrying out commitments made that were undelivered.
“We understand their feelings. We are studying the instruments. We have to secure the environment, otherwise investment will not come. We will do our best for the country,” the President was quoted as saying.
Buhari thanked the German government for its continuing support to Nigeria in the efforts to tackle insecurity and the ongoing rehabilitation and resettlement of displaced citizens in crisis areas in the North-Eastern parts of the country.
He also thanked Nigeria’s neighbours for their firm and unflinching support in the war against terror.
The outgoing German Ambassador noted that bilateral relations between Nigeria and Germany “had improved very much in the last 12 months of this administration.”
He expressed the readiness of Germany to assist Nigeria in the rehabilitation process in the North East to help displaced persons return to their villages. He also expressed the eagerness of German businesses to invest in the country, now that “conditions for investment have been put in place”.
The German Ambassador reiterated the standing invitation of Chancellor Angela Merkel to Buhari to visit Germany.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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