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NNPC to sack 500 staff

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NNPC to sack 500 staff

NNPC to sack 500 staff

Following the new status of the commercialized Nigeria National Petroleum Company (NNPC) Limited, about 500 staff have been earmarked to go.

The affected staff have been given the first week of August to take a pay-out of the package and leave before the proper disengagement or continue to be employed with NNPC and risk getting the sack at any time.

The message is said to have been passed to the affected staff who are ordinarily billed to retire by 2022, 2023 and 2024 through their emails.

This decision is not favoured by some of the management staff members who have kicked against it, especially those in the cadre of general managers and group general managers.

The group managing director and chief executive of the company, Mele Kyari was alleged to have said at a staff town meeting recently that “you may accept the package or reject it, but you are advised to take it.”

The general managers and group general managers that are against retirement allegedly wanted to complete their official tenures, and retire when they attain 60 years of age.

Business Standard reports that Sources said no one will be forced out of the system if they fail to take the advantage of the severance package but they may have themselves to blame afterwards.

A portal is said to have been opened online with points to click, one for acceptance of the severance exercise and the other for the rejection of the letter, whichever way any of the affected officials choose, by the first week of August, the portal would be closed.

Aside from the juicy package for those affected, they would also be entitled to 50 per cent of their salaries until the time they are naturally expected to serve out their tenure in the company.

Some agreed that the action of the company is not punitive and wishes they are part of the exercise which also has seen the company offering to also write off advances to any of the affected staff.

The Nigerian National Petroleum Corporation (NNPC) transitioned to a commercial venture, NNPC Limited, on Tuesday, 19 July 2022. It is hoped the transition would bring with it a whole new set of operational efficiency and competency to NNPC.

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Zulum Approves ₦1 Billion for New Agric University’s Take Off

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Zulum Approves ₦1 Billion for New Agric University’s Take Off

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has approved ₦1 billion for the immediate commencement of the Federal University of Agriculture and Entrepreneurship in Bama.

Governor Zulum announced the donation on Monday while receiving an inter-ministerial delegation on an assessment visit to the Government House.

The team included officials from the Federal Ministry of Education, the National Universities Commission, the Budget Office, and the Office of the Head of Service.

The institution was established after a bill sponsored by Senator Kaka Shehu Lawan was signed into law by the President on May 22, 2025.

Governor Zulum had previously handed over the existing Umar Ibn Ibrahim Elkanemi College of Education, Science and Technology in Bama to the federal government to facilitate a quick start of academic activities.

“I want to announce the donation of ₦1 billion for the take off of the University,” Zulum stated. “I hereby direct the Commissioner for Education to facilitate the process and identify the immediate priority areas and gaps to channel the resources.”

He explained the state’s proactive role, saying, “The federal government announced the establishment of the university, but the state has to provide the enabling environment for the immediate take off of the institution.”

“Although the institution belongs to the federal government, the services that would be rendered is for the good people of Borno State,” he added. “For me, every federal institution, especially the tertiary institutions belong to Borno State government.”

The governor also promised to construct staff quarters and provide additional support.

He commended President Bola Tinubu, Vice President Kashim Shettima, sponsor of the bill, Senator Kaka Shehu Lawan, minister of education for ensuring that the university becomes a reality.

Leader of the federal delegation, who is also the Director of University Education at the Federal Ministry of Education, Hajiya Rakiya Gambo Iliyasu, reported that the team was impressed after inspecting the Bama facility.

“Your Excellency, the team went round the institution this morning and what we saw was quite encouraging,” Rakiya said. “We can tell His Excellency that the institution has everything it needs to take off.”

She confirmed that the institution is ready to begin operations and that the team would proceed with staff verification.

The event was attended by the Deputy Governor, Hon. Umar Usman Kadafur; Senator representing Borno Central, Senator Kaka Shehu Lawan, SAN; Member representing Monguno, Marte and Nganzai federal constituency, Hon. Bukar Talba; Acting Chief of Staff, Dr Babagana Malumbe; other members of the State Executive Council as well as Special Advisers.

Zulum Approves ₦1 Billion for New Agric University’s Take Off

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45 kidnapped victims regain freedom under peace accord in Katsina

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45 kidnapped victims regain freedom under peace accord in Katsina

By: Zagazola Makama

Forty-five kidnapped persons have been released from captivity in Bakori Local Government Area of Katsina State following engagements under the Operation Safe Corridor peace accord.

The victims, comprising men and women abducted from Guga in Doguwar Dorawa Fulani settlement camp and Gidan Danmayaki villages, were freed on Monday through a negotiation channel linked to a bandit leader identified as Isiya Kwashen Garwa.

Zagazola Makama report that the victims regained freedom at about 1400hrs and were immediately received by the member representing Bakori Constituency in the Katsina State House of Assembly.

The lawmaker transferred the victims to the Comprehensive Health Centre, Bakori, where medical personnel conducted evaluations to ascertain their physical condition after prolonged captivity.

Authorities said the freed hostages have since been reunited with their families.

Security personnel and community leaders are maintaining close monitoring as part of efforts to consolidate the peace process and prevent further attacks.

45 kidnapped victims regain freedom under peace accord in Katsina

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Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector

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Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector

The UK Government, through its climate-smart agriculture programme, Propcom+ in collaboration with Welcome2Africa International, is spearheading a Strategic Agribusiness Deal Room designed to mobilise private capital into Nigeria’s agricultural value chains while supporting inclusive, market-led economic transformation.

This initiative underscores the UK’s commitment to strengthening agribusiness value chains, fostering sustainable partnerships, and driving inclusive economic growth across Nigeria.

Positioned as a high-impact investment marketplace, the Deal Room, which will be held from November 18 to 19, 2025, in Lagos, is expected to unlock over £5 million in potential investment and trade commitments, featuring more than 20 pre-vetted, investment-ready agribusinesses.

These enterprises operate across priority sectors, including grains, cassava and starch derivatives, livestock, bioethanol, food processing, mechanisation, agri-tech, and renewable energy, all demonstrating clear growth pathways, commercial traction, and scalability.

“The Deal Room represents a strategic opportunity to accelerate private investment into Nigeria’s agrifood sector and deepen the pipeline of climate-smart, inclusive enterprises,” Olumide Ojo, Propcom+’s Strategy Director, noted.

“By connecting high-potential SMEs with investors, we aim to drive capital mobilisation that strengthens market systems, improves resilience, and expands economic opportunities for farmers, women, and rural communities.”

Echoing the investment rationale, Welcome2Africa International CEO, Bamidele Seun Owoola, reinforced the platform’s role in facilitating cross-border capital flows.

“At Welcome2Africa International, our focus is to catalyse sustainable investment into Africa’s agrifood sector. Co-hosting the Deal Room with Propcom+ presents a unique opportunity to position Nigeria’s most promising agribusinesses before global investors. This platform is fundamentally about unlocking capital and forging long-term investment partnerships that deliver shared prosperity.”

The Deal Room forms part of Propcom+’s broader mandate to strengthen Nigeria’s agricultural markets, empower SMEs, and drive low-carbon, climate-smart growth. Following the event, Propcom+ will continue to support participating enterprises through technical assistance, investor engagement, due diligence, and transaction facilitation, advancing businesses toward investment closure.

Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector

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