Private oil depots across Nigeria have raised the price of Premium Motor Spirit (PMS), also known as petrol, to ₦900 per litre this weekend.

Naija News reports that the hike is attributed to the rising prices of crude oil and other global market factors, impacting the cost of refining and distribution.

A weekend check by Vanguard revealed that major oil marketers, including Rainoil, Prudent, A.Y.M Shafa, and Mainland, have increased their depot prices to ₦900 per litre.

This price surge is expected to lead to an upward adjustment of pump prices when petrol reaches the filling stations.

The price of crude oil, a key feedstock for refining, has risen from $70 per barrel to $75 per barrel, placing additional financial strain on refineries, including the $650,000-barrel per day Dangote refinery.

The increase in crude oil prices has caused the refinery to face higher operational costs, impacting the country’s overall pricing structure of petrol.

According to Vanguard, the Dangote refinery, a major player in Nigeria’s oil sector, did not load trucks based on the country’s Naira-for-Crude program over the weekend, as it continued to lift crude oil via ships charged at dollar rates.

This pricing strategy is crucial for covering the refinery’s increased operational costs, particularly as a significant portion of the crude oil it processes is sourced from the international market in dollars.

Petroleumpriceng.com noted that the situation has put additional pressure on oil marketers, including MRS and Ardova, who are now sourcing their ship supplies in dollars.

This has resulted in an inevitable increase in pump prices, with independent retail outlets in Lagos and other parts of Nigeria selling petrol between ₦930 and ₦950 per litre.

The site further stated, “The inability of the federal government to resolve all issues that hinder the execution of the Naira-crude policy will keep petrol prices rising.”

In a related development, the Major Energies Association of Nigeria (MEMAN) reported that the landing cost of imported petrol had increased by ₦88 per litre in just one week.

MEMAN’s daily energy bulletin, issued on March 26, 2025, indicated that the cost had risen from ₦797 per litre last week to ₦885 per litre this week.

MEMAN also acknowledged the ongoing instability in the market, stating, “As the market stabilizes, challenges will arise, and resistance from those accustomed to price control is inevitable. But with robust regulation, industry collaboration, and public transparency, Nigeria can fully realize the benefits of this transformation.”

The association expressed confidence that a well-functioning, deregulated market would attract more investment, improve operational efficiency, and create a more competitive landscape benefiting both businesses and consumers.

 
  • Companies
  • Transaction is an all-stock deal
  • Deal's $45 billion price tag includes $12 billion in debt
  • xAI valued at $80 billion, integration could make training Grok easier
March 28 (Reuters) - Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter.
The deal could also help xAI's ability to train its chatbot known as Grok.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

"xAI and X's futures are intertwined," Musk, who also heads automaker Tesla and SpaceX, wrote in a post on X, opens new tab: "Today, we officially take the step to combine the data, models, compute, distribution and talent."
Advertisement · Scroll to continue
 
He said the combination values "xAI at $80 billion and X at $33 billion ($45B less $12B debt)".
Representatives for X and xAI did not immediately respond to requests for comment. Much of the deal's specifics remain unclear, such as how X's leaders would be integrated in the new firm or whether there would be regulatory scrutiny.
Musk, the world's wealthiest man, is also a close ally of U.S. President Donald Trump and heads the Department of Government Efficiency.
Saudi Arabian investor Prince Alwaleed bin Talal, who owns the investment company Kingdom Holding, said he had requested the development.
Advertisement · Scroll to continue
 
He noted his companies are the second-largest investors in X and xAI. "After this deal, the value of our investments is expected to reach between $4-$5 billion... and the meter is running," he said in a post on X.
D.A. Davidson analyst Gil Luria said the price tag for X of $45 billion when debt was included was not a coincidence. "It is $1 billion higher than the take-private transaction for Twitter in 2022."
An investor in xAI who declined to be identified said they were not surprised by the deal, viewing it as Musk consolidating his leadership and management at his own companies.
Musk did not ask investors for approval but told them that the two companies had been collaborating closely and the deal would drive deeper integration with Grok, the investor said.
 
OPENAI RIVALRY
Musk's xAI startup was launched less than two years ago and recently raised $10 billion in a funding round that valued the company at $75 billion, according to a media report.
It competes with the likes of Microsoft-backed OpenAI as well as with Chinese startup DeepSeek.
In February, Musk, 53, made a $97.4 billion bid with a consortium for OpenAI, which was rejected and he has sued to prevent the ChatGPT maker from converting from a non-profit to a for-profit business. A judge this month denied Musk's request for a preliminary injunction that would prevent the changeover.
As competition in AI intensifies, xAI has been ramping up its data center capacity to train more advanced models, and its supercomputer cluster in Memphis, Tennessee, called "Colossus," is touted as the largest in the world.
 
xAI introduced Grok-3, the latest iteration of its chatbot, in February.
The X platform could serve to further distribute xAI products, while also providing a real-time feed of users' musings, screenshots and other data.
After buying Twitter, Musk gutted the company's workforce, prompting advertisers to flee the platform and a rapid decline in revenue. Recently, brands have been returning to X as Musk's influence in the Trump administration grows.
 
The seven banks that extended $13 billion in loans to Musk to buy X kept the debt on their books for two years until they were able to sell it all at once last month, according to a source familiar with the transactions.
This was made possible after a surge in investor interest for exposure to AI companies along with X's improved operating performance over the previous two quarters, among other factors, according to two people familiar with the matter.
After the merger, investors who bought the debt from the banks will profit, said Espen Robak, founder of Pluris Valuation Advisors, which specializes in illiquid assets. "For sure the debt is worth more now, if not fully paid off."
Separately, a U.S. judge on Friday rejected a bid by Musk to dismiss a lawsuit claiming he had defrauded former Twitter shareholders by waiting too long to disclose his initial investment in the company.
 
[reuters]
 

Former Rivers State Head of Service, George Nwaeke, has denied claims by his wife, Florence, that he was kidnapped.

Nwaeke stated that contrary to her assertion, he is safe in Abuja where he had gone to voluntarily report himself to security agencies over developments in Rivers State.

In a video released in the early hours of Saturday, the former HoS dismissed his wife’s claim as false, suggesting that she had been misled and given a script to read.

“I am in TRANSCORP Abuja. I arrived this morning from Port Harcourt to meet security agencies and report myself, as well as the troubling events happening in Rivers State. I resigned as Head of Service on Monday because of these developments,” he said.

 

Addressing his wife’s claims, he added, “I just saw a video of my wife trending. She was told I had been kidnapped and given a script to read. I want to make it clear — I am not kidnapped. I am in Abuja, working.

“When I was Head of Service, my wife was not involved in my official duties. That script she read is null and void. I am safe and sound. I will report myself to the appropriate security agencies because Abuja houses their headquarters, and I feel safer making my report here.”

Florence Nwaeke
Florence Nwaeke

Florence, in an emotional interview on Friday, expressed deep concern over her husband’s whereabouts following his resignation.

 

She revealed that after his arrival in Abuja, he called to confirm his safe landing.

However, her fears grew after seeing an online interview with him, which she found suspicious.

“I said, ‘That is not my husband. That is not my husband,” she recalled.

She shared her desperate attempts to contact him, saying, “I sent him a message: ‘Are you under duress? Have they kidnapped you? Talk to me now. Why are you not responding?’ But he didn’t reply. His numbers are not going through. Nigerians, help me!”

Rivers. Fubara
Siminalayi Fubara

Florence raised the alarm after Nwaeke publicly accused Governor Siminalayi Fubara of orchestrating the bombing of the Rivers State House of Assembly in 2023 to prevent his impeachment.

Nwaeke alleged that he witnessed a bag of money being handed over to the former Assembly leader, Edison Ehie, now Fubara’s Chief of Staff, to attack the Assembly Complex along Moscow Road, Port Harcourt.

Last modified on Saturday, 29 March 2025 07:59
The Deputy Chief Whip of the Senate, Senator Onyekachi Nwaebonyi, is facing the prospect of a lawsuit following alleged defamatory comments against Emmanuel Uduaghan and his wife, Senator Natasha Akpoti-Uduaghan.

The couple’s legal representatives have issued a formal demand for a public apology, warning that legal action will be pursued if the senator fails to comply.

 

In a letter dated March 27, 2025, with reference WIC/W/AB/W3/25, the solicitors representing Chief Uduaghan, a high chief in Warri Kingdom, and Senator Akpoti-Uduaghan, who represents Kogi Central Senatorial District, accused Nwaebonyi of making damaging statements during a television interview.

The remarks were aired on News Central TV and its affiliate platforms, including DSTV, GOTV, Startimes, and AVO.

During the interview, Nwaebonyi allegedly made derogatory remarks that suggested Senator Akpoti-Uduaghan had a pattern of making false accusations of sexual harassment.

He also implied that her marriage to Chief Uduaghan was based on coercion rather than mutual affection.

The legal representatives of the couple have condemned Nwaebonyi’s comments as an intentional attempt to damage their clients’ reputations.

The statements, which quickly spread across social media, were described as a deliberate effort to tarnish the public image of both individuals.

The solicitors argued that Nwaebonyi’s remarks falsely portrayed Chief Uduaghan as a victim of blackmail and Senator Akpoti-Uduaghan as a person of questionable moral character.

The letter pointed out that these false allegations have caused significant reputational harm, leading to distrust and embarrassment among their political, social, and business associates.

The letter from the law firm demands a public apology from Senator Nwaebonyi within 14 days, to be broadcast on News Central TV and widely shared across social media platforms.

The solicitors warned that failure to comply with this request would result in legal proceedings being initiated against Nwaebonyi to seek redress.

[NaijaNews]

President Bola Tinubu has appointed the national publicity secretary of the All Progressives Congress (APC), Felix Morka, as board chairman of the Nigerian Television Authority (NTA).

In a statement by his spokesman, Bayo Onanuga, President Tinubu also approved the appointment of Hon. Fatuhu Mohammed Buhari from Katsina State as director-general of the National Agricultural Seed Council.

 
 

The president further appointed the following Nigerians as board chairmen of various federal government institutions:

“Mallam Muhammad Massan, APC State Chairman, Bauchi State – Board Chairman, Nigerian Stored Products Research Institute, Ilorin; Alhaji Abdullahi Abbas, APC State Chairman, Kano State – Board Chairman, Nigerian Agricultural Quarantine Service; Dr. Austian Agada, APC State Chairman, Benue State – Board Chairman, National Agricultural Seed Council; Hon. Macdonald Ebere, APC State Chairman, Imo State – Board Chairman, Federal College of Fisheries and Marine Technology, Lagos.

Others are “Ubong Stephen Ntukekpo, APC State Chairman, Akwa Ibom State – Board Chairman, National Institute for Freshwater Fish, New Bussa; Chief Emma Eneukwu, Deputy Chairman (South) of the APC – Board Chairman, National Automotive Development Council; Aminu Musa Bobi, APC State Chairman, Niger State – Board Chairman, National Library of Nigeria; Pharm. Abass Olayide, APC State Chairman, Oyo State – Board Chairman, Federal Neuropsychiatric Hospital, Kaduna; Alhaji Mohammed Gadaka, APC State Chairman, Yobe State – Board Chairman. Citizenship and Leadership Training Centre; Benjamin Omale, APC State Chairman, Benue State – Board Chairman, National Orthopedic Hospital, Enugu; Rufus Bature, APC State Chairman, Plateau State – Board Chairman, Nigerian Coal Corporation; Alhaji Abubakar Muhammed Kana, APC State Chairman, Kebbi State – Board Chairman, Michael Imoudu National Institute for Labour Studies; Hon. Donatus Nwankpa, APC National Working Committee Member, from Abia State – Board Chairman, Project Development Institute (PRODA); Comrade Mustapha Salihu, APC State Chairman, Adamawa State – Board Chairman, National Agency for the Prohibition of Trafficking in Persons (NAPTIP).

Others are Dr Kingsley Ononogbu, APC State Chairman, Abia State – Board Chairman, National Parks Headquarters; Alhaji Abdulmalik Usman, APC State Chairman, Federal Capital Territory – Board Chairman, Forestry Research Institute of Nigeria, Ibadan; Hon. Ibrahim Tukur El-Sudi, APC State Chairman, Taraba State – Board Chairman, Environmental Health Registration Council of Nigeria; Sola Elesin, APC State Chairman, Ekiti State – Board Chairman, Nigerian Institute of Mining and Geosciences.

Emperor Jarrett Tenebe, APC State Chairman, Edo State – Board Chairman, Federal College of Agriculture, Akure; Alhaji Tukur Umar Danfulani, APC State Chairman, Zamfara State – Board Chairman, Federal Medical Centre, Azare; Hon. Aminu Sani Gumel, APC State Chairman, Jigawa State – Board Chairman, Federal College of Produce Inspection and Stored Products Technology, Kano; Barr. Idris Shuaibu, APC State Chairman, Adamawa State – Board Chairman, Federal College of Animal Health and Production Technology, Ibadan.”

[Leadership]

Outrage has trailed the mob killing of 16 northern travellers at Uromi in Edo State, while transiting from Port Harcourt in Rivers State to Kano State. Weekend Trust gathered that the victims were hunters who were returning home for the Sallah celebration.

President Bola Ahmed Tinubu condemned the murder of the hunters, directing the security operatives in the state to go after the killers and bring them to justice, saying that a thorough investigation should be conducted and the culprits brought to book. 

The Northern Governors Forum, Amnesty International among others have also condemned the killing of the men.

The attack

The travellers said to be hunters, were on their way to Kano for the Sallah celebration when a mob intercepted and lynched them on suspicion that they were kidnappers.

Weekend Trust learnt that local vigilantes had stopped the vehicle the victims were travelling in and in the course of search, found Dane guns used by the hunters, a development that reportedly led to the gathering of a mob who concluded the travellers were kidnappers and burn them alive.

In a viral video seen by our reporter, the deceased were seen rounded up by some youths who eventually set them ablaze.

The attackers tied the victims to used tyres, poured petrol on them and set them on fire.

Police confirm incident

The Edo State Police Command said 14 suspects had been arrested in connection with the incident.

A statement by the command’s spokesperson, CSP, Moses Yamu, said, ‘‘on March, 27, 2025, a truck with registration number KKF 225 XA, coming from Port Harcourt, conveying 25 travellers from Elele, a suburb of Rivers State, was accosted by some vigilante group members at Uromi.

“Some of the travellers who were found in possession of locally made Dane guns were arrested. 

“While this was ongoing, some vigilante members raised an alarm of them being suspected kidnappers, which led some members and passersby in the community to attack and lynch 16 of the occupants while the truck conveying them was equally burnt”.

He said the police went to the scene where 10 of the travellers were rescued, while two of those who sustained various degrees of injuries were rushed to a hospital and that they are responding treatment.

He added that Police Mobile Force personnel with other command tactical teams had been deployed to the area to forestall breakdown of law and order.

“The Commissioner of Police reiterates the need for peaceful coexistence among various groups, and urges residents to remain calm and cooperate with the police as investigations continue,” he said.

He also cautioned against any form of reprisal attacks or unlawful gatherings that may further escalate tensions.

Survivors recount ordeal

Dayyabu Yahya, a survivor shared how he and four others escaped the attack. He recounted: “Our journey was peaceful from Port Harcourt until we reached Uromi, where trouble began. Vigilantes stopped us. I was seated in the front seat. They ordered our driver to step out of the vehicle, but he refused. In response, they flogged him. They also ordered the other passengers to get down from the vehicle, during which they beat us up before grouping us together.

“They inspected our belongings but found nothing suspicious—only some licensed Dane guns. There were about 27 passengers in the vehicle. I can’t say how many of us are missing, but I know that two passengers were hospitalised.”

Another survivor, Mustafa Ali Kassim, said, “The vigilantes started beating us as we were stepping out of the vehicle. After gathering us in one place, the locals joined in and continued the assault. Eventually, the vigilantes stepped back and allowed the locals to beat us while they stood idle, watching. Realising that we would likely be killed, some of us made a run for our lives—I was one of them. While fleeing, I encountered kind-hearted Hausa people, who gave me some money, which I used to reach the Hausa community leader here.”

Torankawa village of Kano in mourning

Weekend Trust learnt that all the victims hail from Torankawa village in Bunkure Local Government Area of Kano State.

The village, according to our reporter, has been thrown into mourning following the development. According to a source in the village, the identities of three of the victims have been confirmed while several households are apprehensive on whether their relatives are alive or dead.

It was gathered that every year, a group of hunters from the village embark on hunting expeditions to various parts of the country. The source said about 30 of them left the village for the hunting expedition this year. He added that they were told that the victims were on their way back home when the incident happened.

“Our village is in mourning, every family is worried as they do not know whether his or her relative is alive or dead. We received the news of the incident not long ago. We have never heard of something like this before. Reports reaching us revealed the identities of three of the victims,” a source from the village said.

Another native of the village who resides in Rano Malam, Alasan Ubale, lamented the development, saying the practice had been on for long but they had never heard of such incident.

Okpebholo assures of justice

Meanwhile, Edo State Governor Monday Okpebholo, who described the act as barbaric and condemnable, vowed that the perpetrators would be brought to justice.

The governor, who spoke at Uromi, through the Chief Security Officer (CSO), Government House, SP Solomon Osaghale, said he was there to ascertain the level of damage done and to ensure that investigation is carried out to ensure justice and forestall a reoccurrence.

He warned that nobody had the right to take another man’s life, stressing that the nature of the killing was a cause of concern to the governor.

“I can assure you that the people involved in this unprovoked attacked will not go scot -free, as His Excellency has directed the Commissioner of Police to launch a full scale investigation into the matter.

 “As I speak now, four persons have been arrested for their involvement in this ugly incidence,” he said.

He called for calm while urging the law abiding residents of Uromi, especially the Hausa community in the area to go about their daily activities, as men of the Nigerian police force and other security agencies have been deployed to restore peace and normalcy to the place.

Tinubu orders probe, manhunt for killers 

President Bola Ahmed Tinubu in his reaction condemned the incident.

The president has also called on security operatives in the state to go after the killers and bring them to justice, saying that a thorough investigation should be conducted. 

Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement said the president, “expressed shock at the dastardly act, directed police and other security agencies to conduct swift and thorough investigations and punish the suspected culprits.” 

President Tinubu commiserated with the families of the affected victims and assured them that criminals would not be allowed to shed the blood of innocent Nigerians.

The president noted that jungle justice has no place in Nigeria, and all Nigerians have the freedom to move freely in any part of the country.

Northern govs condemn killing

The Northern States Governors’ Forum (NSGF) has also condemned the killing.

In a statement issued yesterday, chairman of the Forum and governor of Gombe State, Muhammadu Inuwa Yahaya, described the attack as a gross violation of human rights, stressing that extrajudicial violence was “entirely unacceptable and must be unequivocally condemned with the utmost severity.”

He said the forum expressed its deepest condolences to the families of the victims and all those affected by the incident. 

“We are deeply disturbed by the loss of innocent lives and the horrific manner in which these individuals were attacked.

“This appalling act undermines the rule of law and the very fabric of our society. It is imperative that the relevant authorities conduct a full and thorough investigation into this senseless act. The perpetrators must be identified, arrested, and brought to justice swiftly,” he said.

Governor Yahaya reiterated that all Nigerians, regardless of their region, should be able to travel freely and safely without fear of harassment, violence, or intimidation. 

Atiku, Kwankwaso speak

In the same, former Vice President Atiku Abubakar, while reacting to the development expressed “deep sorrow over the incident” and called for thorough investigation.

“I am deeply saddened by reports of the tragic killing of some hunters in Edo State. My heartfelt condolences go out to their families and loved ones,” Atiku stated on his Facebook account.

He called for a transparent and impartial investigation to ensure justice is served and prevent future occurrences of mob violence.

“The protection of innocent lives must remain paramount, and I urge the authorities to act swiftly and decisively to prevent a recurrence of jungle justice. Justice must not only be done but must be seen to be done to restore public confidence in our security institutions”, he said.

Senator Rabiu Musa Kwankwaso, the presidential candidate of the New Nigerian Peoples Party (NNPP) in the last general elections, also condemned the mob action.

In his Facebook post, he described the incident as barbaric and emphasised the right of all Nigerians to travel freely without fear of harassment or intimidation.

Go after killers, Barau tells security agencies

On his part, Deputy President of the Senate, Senator Barau I Jibrin, urged security agencies to immediately go after the perpetrators.

Describing the killings as barbaric, inhumane, and devilish, the Deputy Senate President appealed to the Edo State Police Command and other security agencies to take decisive action to bring the culprits to justice. 

Senator Barau, in a statement by his Special Adviser on Media and Publicity, Ismail Mudashir, called for calm, assuring that the perpetrators would not go unpunished. 

He disclosed his intention to sponsor a motion in the Senate to ensure that those responsible for the killings are held accountable.

“I have been inundated with calls by my constituents and other Nigerians on the horrific murder of innocent individuals in Edo State.  I condemn in totality the barbaric killing of innocent Nigerians. 

“I, hereby, appeal to our security agencies to quickly swing into action to arrest these evildoers and ensure that they are punished in line with the gravity of their criminal acts.”

Amnesty International too

Also, Amnesty International, in a statement on Friday signed by the Country Director, Isa Sanusi, condemned the incident.

“The Nigerian authorities must go beyond merely condemning the incident and ensure that the suspected attackers are apprehended and brought to justice in a fair trial,” the statement read.

“The consistent failure of the Nigerian government to punish mob violence has created an environment in which violent mobs believe themselves entitled to take the law into their own hands,” Mr Sanusi said.

Amnesty International described the lynching as part of a growing trend of vigilante groups unlawfully blocking highways and engaging in violent acts with impunity.

“The horrific mob violence that happened at Uromi is part of the rising trend of vigilante groups of towns and villages along highways blocking roads and carrying out unlawful activities with impunity.

“The fact that these killings have been happening for a long time, with few cases investigated and prosecuted, highlights the authorities’ shocking failure to uphold and fulfill their obligation to protect people from harm and violence”, Mr Sanusi said.

AYCF reacts

Also, the Arewa Youth Consultative Forum (AYCF) in a press statement signed by Yerima Shetima, its President General, said ,“The subsequent actions of an irate mob, incited by unfounded claims of kidnapping, led to a grotesque act of barbarism that is both regrettable and unacceptable. The mob’s actions resulted in the loss of 16 precious lives, with some bodies tragically trapped inside the vehicle that was set ablaze.

“Eyewitness accounts reveal the horrifying scene where some victims were allegedly removed on wheelbarrows and thrown into the flames, a chilling testament to the sickening reality of mob justice that has taken root in most Southern Nigerian communities’’, he said.

He expressed concern over the act of mob violence and called for immediate and thorough investigations into the tragedy.

Arewa in South South condemn killings, demand justice 

The South South Coordinator of the Arewa Consultative Forum, Alhaji Musa Saidu, has also condemned the killing.

Alhaji Musa Saidu, who spoke with our reporter in Port Harcourt, said

the victims were innocent people who were working hard to eke out a living.

He said, “We the Arewa people and the entire Hausa community in Rivers State and the entire South South condemn the killing and

call on the Inspector-General of Police, the AIG zone 5, the DSS, the governor of Edo State and the federal government to investigate the circumstances surrounding the killing of these innocent people.  We want this incident thoroughly investigated and all those found culpable punished”. 

[Daily Trust]

Canada on Friday confirmed its resolution to impose retaliatory tariffs on goods from the United States starting next week.

A statement by the Prime Minsiter’s office said Mark Carney informed President Donald Trump of the decision during their phone conversation.

“The Prime Minister informed the President that his government will implement retaliatory tariffs to protect Canadian workers and our economy, following the announcement of additional U.S. trade actions on April 2, 2025,” it reads.

PM Carney and President Trump communicated on Friday ahead of the U.S. implementation of new tariffs going into effect next week.

Trump has been calling April 2 America’s “Liberation Day” with mounting fears over an increase in prices of goods in Canada and America.

Canada’s announcement of retaliatory tariffs did not include the timing and the scope but the statement hinted that the leaders’ talks touched on the April 28 election.

“The leaders agreed to begin comprehensive negotiations about a new economic and security relationship immediately following the election,” it said.

Carney’s office described the chat as a “very constructive conversation,” while Trump, in a social media post, called it “extremely productive.”

[DailyPost]

Adeniyi Omotayo

Age: 34 years

Company: Betensured

Industry: Gaming

Adeniyi Omotayo is the sole founder, Managing Director and Chief Executive Officer of  Betensured Group, a sports prediction service. Omotayo, as a 29-year-old, established Betensured in 2015 as a free betting tips blog but later grew into a sports prediction and gaming service. Under Omotayo, Betensured has expanded operations to East Africa with physical offices in Nigeria, Kenya and Uganda. It has over one million registered users and at least 35,000 yearly subscribers.

 

Damilola Olokesusi

Age: 35 years

Company: Shuttlers

Industry: E-Transport

Damilola Olokesusi is the dynamic Chief Executive Officer of Shuttlers, Nigeria’s 1st & leading tech bus-sharing service. Olokesusi, who is also a co-founder of the company, created Shuttlers in 2015 as a tech and transport company aimed at enabling professionals and organisations to share rides to and from work in corporate buses. In her role as the CEO, Shuttlers has continued to witness tremendous growth.  The company raised a $1.6m seed funding in 2021 and announced plans to expand into more African metropolitan cities. Passionate about the empowerment of females, Olokesusi launched an initiative called She Moves Shuttles, an all-female shuttle service. The project, supported by the Ford Motors Company in partnership with Global Water Challenge (GWC), has already impacted more than 600 female professionals by making their commuting easier.

Somto Ifezue

Age: 35 years

Company: PiggyVest

Industry: FinTech

Somto Ifezue is the Chief Executive Officer and co-founder of PiggyVest. Ifezue’s mission is to revolutionise how funds and finances are managed using innovative digital tools and PiggyVest was born. Ifezue and partners’ aim was to provide accessible and user-friendly financial solutions, particularly for the unbanked and underbanked. Under his leadership, the platform introduced features like automated savings and investment options, fostering financial literacy and inclusion. Ifezue who is known to be hands-on, has a vision for PiggyVest, which extends beyond traditional fintech services, while aiming to create a comprehensive financial ecosystem that supports users at every stage of their financial journey.

Shola Akinlade

Age: 39 years

Company: Paystack

Industry: FinTech

Shola-Akinlade is the Chief Executive Officer and co-founder of Paystack. Akinlade sits atop one of Nigeria’s leading fintech companies that has revolutionised payment processing for businesses across Africa. Under Akinlade’s leadership, Paystack grew popular amongst the youths and broke even when it was acquired by Stripe for $200 million, marking a significant milestone for African startups.

Chijioke Dozie

Age: 38 years

Company: Carbon

Industry: FinTech

Chijioke Dozie is the Chief Executive Officer of Carbon. Chijioke, who also sits as the company’s co-founder, has led the transformation of the company from a simple lending platform known as PayLater into a full-fledged financial services ecosystem, now known as Carbon. Under Chijioke’s leadership, Carbon has expanded its services to include digital payments, investments and personal finance management, driven by his mission to bridge gaps in Africa’s financial services sector.

Noah Ibrahim

Age: 33 years

Company: Novarick Homes

Industry: Real Estate

Noah Ibrahim is the Managing Director and Chief Executive Officer of Novarick Homes. The innovative entrepreneur has pitched his tent as an established realtor with a pie of the Nigerian Real Estate sector. He started off with footwear design and production as an entrepreneur before going on to found Sellerrand Realty Limited and later Novarick Homes, where he’s championing the emergence for the development of a smarter and greener community by leveraging renewable energy as an alternative source of power.

Abubakar Falalu

Age: 35 years

Company: FalGates

Industry: Agriculture

Abubakar Falalu, the Chief Executive Officer of  FalGates, comfortably occupies a position on the list. Falalu runs a rice production and milling farm in Kaduna called FalGates which grows, processes, packs and sells parboiled rice across Nigeria. Falalu’s brilliance was first noticed in 2021 when FaLGates reported an annual turnover of $3.4 million. The company has since expanded with other productions while sharing business ideas and models with upcoming entrepreneurs.

Babs Ogundeyi

Age: 37 years

Company: Kuda

Industry: FinTech

Just a few years away from 40, Babs Ogundeyi, the Chief Executive Officer and  co-founder of Kuda, has written his name in gold with footprints on the sands of Nigeria’s fintech sector. Under his wing, Kuda transformed from a startup into a leading digital bank, renowned for its innovative approach to banking. Just as many of his contemporaries, Ogundeyi tapped into the millions of Nigerian youths to get his first customers. Ogundeyi’s vision of creating a bank that prioritises accessibility, efficiency and customer satisfaction has driven the digital bank to an enviable height.

Femi Aluko

Age: 35 years

Company: Chowdeck

Industry: FoodTech

Femi Aluko is the Chief Executive Officer as well as the co-founder of Chowdeck. Aluko’s brilliance was brought to test when he co-founded Chowdeck, an on-demand food delivery service and marketplace where people can purchase their favourite meals from a wide range of restaurants and delivered to their doorstep. Unknown to many, Aluko had proved his mettle at Paystack before co-founding Chowdeck with a mission to ensure restaurants in Africa deliver meals to customers anywhere and anytime.

Ayobami Akindipe

Age: 28 years

Company: Aces Real Estate

Industry: Real Estate

With over a decade from turning 40, Ayobami Akindipe has positioned himself as one of the young and established Chief Executive Officers in Nigeria. The brain and founder behind Aces Real Estate, Akindipe’s foray into Nigeria’s real estate industry is marked by a unique blend of vision and determination. He started out at the young age of 13 as a bricklayer before working through the ladder to transition into a real estate agent at 21. At 29, he sits atop a fast rising real estate firm, Ace Real Estate Development LTD. Ayobami is one of the many inspiring stories of young African CEOs, who continue to shatter the ceilings of barriers to make a name for themselves in their chosen fields.

[TheNation]

Florence Nwaeke, wife of a former Head of Service in Rivers State, George Nwaeke, has called for help over the whereabouts of her husband following his resignation.

Speaking to journalists late Friday, she expressed fears for his safety, stating that she had been unable to reach him.

“When he got to Abuja, he called that he had landed. I said, ‘Thank God, ’” she said.

George Nwaeke
George Nwaeke

However, she said she later saw an online interview granted by her husband, which she found suspicious.

 

“I said, ‘That is not my husband. That is not my husband.’

“So I sent him a message. I said, ‘Are you under duress?’ I sent him a message. I said, ‘Have they kidnapped you? Talk to me now. Why are you not talking to me?’ This is the message I sent to him when I saw his interview online,” she said.

She added, “Oh, Jesus, help me. Nigerians, help me. My husband is in trouble. My husband is in trouble. My husband is in trouble. My husband is in trouble. Look at the message I sent to him. See the message I sent to him. I said, ‘Daddy, why? Were you in hostage?’ I said, ‘Why didn’t you talk to me?’ These are the messages I sent to him, but he didn’t reply to me. His numbers are not going through. Nigerians, help me! Nigerians, help me!”

 

Earlier, Nwaeke had accused suspended Governor Siminalayi Fubara of planning to back Bauchi State Governor, Bala Mohammed, for the 2027 presidency and of encouraging militants to attack oil facilities.

He also accused Fubara of ordering the bombing of the State House of Assembly in 2023 to prevent his impeachment.

Beyond raising the alarm in an interview with Channels TV, she also made a call to Fubara, pleading with him to help her husband.

“Governor, help me. My husband is in trouble.  He is in trouble,” the woman said, claiming the husband resigned under duress.

However, Fubara dismissed the allegations, saying Nwaeke had been compromised.

“The truth is that Dr. Nwaeke has been compromised, and whatever he is saying is only aimed at fulfilling his promise to those who may have paid or coerced him to lie against me,” Fubara said in a statement he issued late Friday.

The governor also shared screenshots of alleged chats between Nwaeke and his Chief of Staff, Edison Ehie, in which Nwaeke reportedly sought financial support.

[Punch]

Minister of the Federal Capital Territory (FCT) Nyesom Wike has faulted the Nigeria Bar Association’s (NBA) stand that the declaration of state of emergency in Rivers by President Bola Tinubu was unconstitutional and illegal.

Wike alleged that the NBA discredited Tinubu’s decision because the Rivers Government had promised to host their annual general conference.

The minister stated this when officials of the Body of Benchers, led by its Chairman, Chief Adegboyega Awomolo (SAN), visited him in Abuja on Friday.

He added that the association did not support the declaration of the state of emergency because there would be no money to give to the NBA for the conference.

“What kind of hypocrisy is this?” he queried.

The minister called on the Body of Benchers to call the NBA to order over the association’s unnecessary criticism of the judiciary.

He said that the body should not sit and watch, while the NBA and its members destroy the legal profession.

He said that some of the members of NBA, often, without reading a judgement, go on national television to condemn the judgment and criticise the judges.

He said that such actions have continued with no sanction.

“If you don’t discipline somebody, nobody will learn any lesson.

“We shall no longer allow our profession to be pulled down. I cannot believe, as a lawyer, that you make a contribution to help the legal profession, and you will be criticised by your fellow lawyers.

“Sir, time has come that we need to say look, enough is enough. We cannot continue to discourage our judges and justices. It is not done anywhere.

“I have never seen where members of a profession are the ones that are bent on bringing the profession down,” he said.

The minister also accused the NBA of describing any support rendered by the executive arm of government to the judicial arm, as a bribe.

Wike recalled that, when NBA was building its National Secretariat, the leadership wrote to the executive for support, adding that nobody saw that as a bribe.

“I was the only one who contributed to the NBA to build the National Secretariat. The NBA didn’t see it as a bribe.

“When you contribute to the Body of Benchers, it is a bribe, but when you contribute to NBA it is not a bribe, they will take it.

“The same NBA will rely on state governments to sponsor their activities, but when the state government supports the judiciary it is bribery,” he added.

Wike said that the constant taunting of judges and justices had made them to avoid attending social gatherings or going to church or mosque for fear of molestation.

He added that judges could no longer shake people’s hands freely because lawyers would accuse them of collecting bribes.

“It has gotten to the stage that our Judges are so scared of going to a mosque or church or even  greeting somebody they know because of fear of bribery.

“They run away from shaking people’s hands because they will start accusing them of collecting bride. This must stop,” he said

[Vanguard]