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FG to Commission multi-billion Naira projects in Ondo, Bayelsa

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FG to Commission multi-billion Naira projects in Ondo, Bayelsa

By: Michael Mike

Two major projects worth over N32 billion are to be commissioned in the oil rich Niger Delta region, the Ministry of Niger Delta Development has disclosed.

The commissioning which will be carried out by the Minister of Niger Delta Development, Abubakar Momoh are located in Bayelsa and Ondo States.

According to a statement by the Special Assistant on Media and Communications to the Minister, Mr. John Mayaki, the projects include the 25.753 kilometres Ogbia-Nembe Road and Bridges, worth N24.4 billion and represents a lifeline for the long-isolated oil-producing communities, traversing swampy terrains.

The project, according to minister was constructed in collaboration with Shell Petroleum Development Company Nigeria Ltd (SPDC).

The statement quoted the minister as saying that the “infrastructure not only establishes a vital connection between Nembe and the nation. It also promises to ignite economic prosperity across the region.

“This project cost the sum of N24,421,857,276.16 (Twenty – Four Billion, Four Hundred and Twenty – One Million, Eight Hundred and Fifty – Seven Thousand, Two Hundred and Seventy-Six Naira, Sixteen kobo), and the scope is 25.753 km asphalt pavement single carriage way; 9.15 km of pre-fabricated vertical drains on the swamp, and Seven bridges.

“There’s no denying that the completion of this road will revolutionize transportation, significantly reducing travel time and stimulating development across 14 communities.”

The second project, the Okitipupa Electricity Project in Ondo State, the minister said holds immense promise in brightening the lives of thousands across five local government areas.

He said, “We are elated by this significant achievement, as reliable electricity access will serve as a catalyst for economic growth, elevate living standards, and pave the way for a more promising future.”

The cost of the project is N8, 152,952,040.57 (Eight Billion, One Hundred and Fifty – Two Million, Nine Hundred and Fifty – Two Thousand, Forty Naira, Fifty – Seven Kobo) while the scope of the project include the construction of 45km 132 KV feeder line from Omotosho to Okitipupa; the construction of 2 nos 30/40 MVA 132/33KV Injection substations with breakers gantry and substation automation; the construction of 3 Bedroom semi-detached bungalow as service quarters; the provision of 2 x 60 MVA, 132/33KV transformer at Okitipupa Injection Substation; the rehabilitation of 33 km 33/11 KV transmission from Okitipupa – Igbokoda – Ubgbonla and environs; and the construction of 1km rigid pavement with drains.

FG to Commission multi-billion Naira projects in Ondo, Bayelsa

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

By: Michael Mike

The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.

In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.

The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.

NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.

According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.

The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.

NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.

The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.

The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.

The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.

They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.

“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.

“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.

According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.

“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.

“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”

The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.

They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.

They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.

They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.

“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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Troops neutralise bandit, recover arms in Plateau raid

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Troops neutralise bandit, recover arms in Plateau raid

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.

Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.

“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.

The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.

The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.

Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.

Troops neutralise bandit, recover arms in Plateau raid

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