President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has reacted to the decision of the 2023 Labour Party, LP, presidential candidate, Peter Obi to endorse the August 1 nationwide rally.
Onanuga said Obi should act like Tinubu and former President Muhammadu Buhari by coming out to openly lead the nationwide protest.
He challenged Obi to be at the forefront of the protest and helping to curb the possible excesses.
Posting on X, Onanuga wrote: “Now that Peter Obi has come out to endorse the planned protest by his supporters, he should do what President Tinubu and former President Buhari did in the past, by coming out openly to lead the protesters.
“That is what leadership is about. Not playing the master puppeteer behind the scene. He should be in the forefront of the protest and help in curbing their possible excesses.”
Omoyele Sowore, a popular activist had called for the nationwide protest on August 1 against Tinubu’s administration.
The protest is against the hunger and suffering Nigerians are currently experiencing under Tinubu’s administration.
Despite warnings by the Nigerian Government and some state governors, the organizers of the protest had vowed to ensure that it succeeds.
August 1: Lead protest like Tinubu, Buhari – Presidency dares Peter Obi
August 1: Lead protest like Tinubu, Buhari – Presidency dares Peter Obi
Minister urges students to remain on campus during nationwide protests
The Minister of Education, Prof. Tahir Mamman, on Monday, advised students in Nigerian universities to remain on campus during the planned nationwide protests to avoid risking their lives.
The minister, through the acting Executive Secretary of the National Universities Commission, Chris Maiyaki, made this known in a letter addressed to Vice-Chancellors of universities.
Certain activists have organised a nationwide protest slated for August 1 to 10, 2024. The planned protest has gained traction on social media, trending under the hashtags ‘#EndBadGovernance,’ ‘#TinubuMustGo,’ and ‘#Revolution2024.’
The presidency and police authorities have called on youths to abandon the plan.
“The Honourable Minister of Education has directed that the attention of Vice-Chancellors of all Nigerian Universities be formally drawn to the plan by unknown groups to embark on nationwide protests. The Federal Government is not unaware of the right of any Nigerian to peaceful protest, but is concerned about the safety of staff, students, and university property should there be any protest action.
“Consequently, the Honourable Minister has directed that Vice-Chancellors of all Nigerian Universities should take proactive steps to ensure the security and safety of the university community, including staff and students. In addition, Vice-Chancellors are to please issue specific statements to assure staff and students of their safety. It is also advisable that students remain on campus to focus on their academic pursuits to avoid exposure to any potential danger during the planned protests.
“Please accept the renewed assurances of my highest considerations and best wishes.”
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Edo: Shaibu puts governorship ambition on hold, backs APC candidate
The reinstated Deputy Governor of Edo State, Philip Shaibu, suspended his governorship ambition to support the All Progressives Congress (APC) candidate, Senator Monday Okpebholo, in the September 21 election in the state.
Shaibu stated this at the Afemai World Congress in Detroit, Michigan, the United States on Sunday.
He accused Governor Godwin Obaseki of frustrating his governorship bid.
He expressed confidence that he would try again in the future, citing his youthful age as an advantage.
In a video clip made available by the congress organizers, Shaibu endorsed Okpebholo as a better candidate than Asue Ighodalo of the Peoples Democratic Party (PDP), who is backed by Obaseki.
He described Okpebholo as “a breath of fresh air” who is “not contaminated yet” and praised his ability to “talk less and do more.”
Shaibu also called on the diaspora community to take an active interest in Nigerian politics, sharing his personal experience of being impeached and reinstated as deputy governor.
He attributed his political journey to God’s guidance and expressed hope for a better future for Edo State.
READ ALSO:Edo Deputy Gov Shaibu opens up on real reason for fallout with Obaseki
He said: “Elections are coming and I would like you to be interested. You see that I have moved from the PDP back to the APC. I moved to the PDP because of the governor (Obaseki) and I am back in the APC because of the governor.
“I wanted to become the governor and they said they would destroy me if I continued to nurse that ambition. They have done everything but God has kept me alive.
“I was impeached but I knew I would come to this programme as the deputy governor. I have been reinstated and my impeachment was part of intimidation and harassment, which I have gone through. We must begin to look for ways to salvage our country.
“I am supporting the APC candidate because he is a breath of fresh air and he is not contaminated yet. He doesn’t speak too much English. He talks less and does more and he is the first person to break the jinx in Edo Central by winning the Senate seat on the platform APC.
“The same scenario that made him a senator is playing out now. It is obvious that the grace of God is upon him. I have played my card, we are still young. If God says I will be governor, then I will be. I have left my ambition to God and we will make Afemai and Edo State, the land of our dream.”
By backing Okpebholo, Shaibu has effectively put his governorship ambition on hold, opting to support a candidate he believes has a better chance of winning the election.
This move has significant implications for the political landscape in Edo State as the governorship election approaches.
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Telecom companies trying to impede protest by disconnecting subscribers – Adegboruwa
A Senior Advocate of Nigeria (SAN), Ebun-Olu Adegboruwa, has claimed that elecommunications companies in the country could be trying to hinder the upcoming protest against economic hardship.
Adegboruwa in a statement on Sunday, said there were a lot of complaints about network restrictions as the date for the protest approaches.
Scheduled to begin on August 1, the demonstration aims to address issues of hunger, poverty, and dissatisfaction with current economic policies.
He noted, “In recent days, some telecom companies have been disconnecting subscribers for trivial or unexplained reasons.”
Adegboruwa also criticised the timing of these disconnections, suggesting that they are intended to limit the reach of protestors and frustrate the planned demonstration.
The SAN noted that telecom contracts are binding and that subscribers should be given adequate time and information to address any issues.
He urged the Nigerian Communications Commission, NCC. to investigate the matter and ensure that subscribers’ rights are protected.
Telecom companies trying to impede protest by disconnecting subscribers – Adegboruwa
BREAKING: Planned Protest: FG issues circular to VCs over protection of staff, students, infrastructures
In view of the proposed national protest slated for August 1, the Federal Ministry of Education, has issued a circular to all Vice Chancellors of Nigerian Universities to guarantee the protection of staff, students and public infrastructures in their respective domain.
The circular issued through the National Universities Commission NUC, and signed by the Acting Executive Secretary, Dr Chris Maiyaki on Monday, morning acknowledged the right to protest but expressed fears about the potentials for violence.
The circular is titled: “Urgent Arrangements for the Security and Safety of University Staff, Students and Property During the Proposed Nationwide Protests”, emanated from the directive of the Minister of Education, Prof. Tahir Mamman
It reads, “the Minister of Education has directed that the attention of Vice- Chancellors of all Nigerian Universities be formally drawn to the plan by unknown groups to embark on nationwide protests. The Federal Government is not unaware of the right of any Nigerian to peaceful protest, but is concerned about the safety of staff, students and university property should there be any protest action.
“Consequently, the Honourable Minister has directed that Vice-Chancellors of all Nigerian Universities should take pro-active steps to ensure the security and safety of the university community, including staff and students.
“In addition, Vice-Chancellors are to please issue specific statements to assure staff and students of their safety.
“It is also advisable that students remain on campus to focus on their academic pursuits so as to avoid exposure to any potential danger during the planned protests.
“Please accept the renewed assurances of my highest considerations and best wishes”.
BREAKING: Planned Protest: FG issues circular to VCs over protection of staff, students, infrastructures
Dangote did right thing investing in Nigeria – Peter Obi
The Labour Party, LP, 2023 presidential candidate, Peter Obi, on Monday, said the founder of Dangote refinery, Aliko Dangote did the right thing investing in Nigeria.
Obi assured Dangote that he’s strong enough to overcome all the challenges confronting him.
Last week, Dangote had accused the Nigerian National Petroleum Company Limited of attempting to frustrate the functionality of his refinery.
Dangote said some of his friends had laughed at him for opting to site his refinery in Nigeria.
However, Obi informed Dangote that we are all created to serve humanity, adding that service may come with its attendant challenges.
Posting on X, Obi wrote: “Recently, the media was awash with a comment of disappointment credited to Alhaji Aliko Dangote, where he said that one of his wealthy friends who earlier discouraged him from investing in Nigeria, now mocks him, following the many challenges that have continued to contend with his business operations.
“My Dear Elder Brother, Alhaji Dangote, I want you to know that your friend is wrong. You did the right thing by investing in the productivity, growth, development and progress of our beloved nation, through your many business ventures, irrespective of the challenges and obstacles that now stand in your way.
“But God knows that you are strong enough to overcome the challenges and contribute to building a better humanity. I have lost more in my own life ever since I joined public service, which I would not have lost if I remained in the private sector.
“From all my savings from abroad which I brought back home, to the businesses I started in Nigeria which were either run aground or taken over by those entrusted with their management, I endured them all.
“Till today, I still face similar challenges where most times one is either being harassed by the government or the same system meant to protect you.
“But I believe that God kept us for this, and has empowered us to bring positive change and shine the light on the dark areas of
our nation.
“I encourage you to remain resilient in the face of the present challenges, not for material gains, but for the development and progress of the nation and a better humanity.”
Dangote did right thing investing in Nigeria – Peter Obi
Agbese Extends Birthday Felicitation to Elder Statesman, Chief Audu Ogbeh
The Deputy Spokesman of the House of Representatives and esteemed member representing Ado, Ogbadibo, and Okpokwu Federal Constituency, Chief (Dr.) Philip Agbese, has extended his warm birthday felicitations to elder statesman and former Minister of Agriculture, Chief Audu Ogbeh, as he clocks 77.
A statement signed by the Deputy Spokesman of the House described Chief Ogbeh as a national figure who has sacrificed a lot for nation-building and national unity. The statement further elaborated on Chief Ogbeh’s dedication and service to the country, underscoring his pivotal role in various capacities over the decades. Chief Ogbeh’s tenure as the Minister of Agriculture, among other positions, has left an indelible mark on Nigeria’s agricultural policies and practices, contributing to the enhancement of food security and rural development. He is a fountain of knowledge, a reservoir of wisdom, and our library of Congress when it comes to modern politics, as captured in the statement.
Chief Ogbeh is not only recognized for his political acumen but also for his profound influence on the socioeconomic development of Nigeria. His contributions have spanned multiple sectors, demonstrating a commitment to the betterment of the country and its citizens. His efforts in fostering sustainable agricultural practices and advocating for rural development have earned him accolades and respect from various quarters.
Dr. Agbese expressed his gratitude to Chief Ogbeh for the fatherly guidance he has provided over the years. He acknowledged the mentorship and support that Chief Ogbeh has extended to him and many others, helping to shape the next generation of Nigerian leaders. Dr. Agbese emphasized that Chief Ogbeh’s wisdom and experience have been invaluable in navigating the complexities of governance and public service.
In his birthday message, Dr. Agbese continued to pray for divine health and protection over the life of Chief Ogbeh. He wished him many more years of active service and fulfilment, hoping that he would continue to be a source of inspiration and guidance to many. Dr. Agbese reiterated his commitment to uphold the values and principles that Chief Ogbeh embodies, pledging to continue working towards the betterment of their constituency and the nation at large.
We join the Enone Servant, Dr. Agbese, in wishing elder statesman Chief Audu Ogbeh a happy birthday. May his years ahead be filled with good health, joy, and continued success in all his endeavours.
Lawrence Oduh
Special Adviser on Media, Office of the House of Representatives.
28/07/2024
ETI Disowns Statement Against Reps Deputy Spokesperson Agbese, Accuses Ex-Members of Impersonation
**Says sack of NNPCL, NMDPRA leadership long overdue
The Energy Transparency Initiative (ETI) has disowned a statement made by individuals claiming to be its representatives, criticizing Hon. Philip Agbese, the Deputy Spokesperson of the Federal House of Representatives.
The group’s President and Secretary, Francis Nedu and Ismaila Bello in a joint statement, revealed that the persons were expelled long ago due to fraudulent activities and other abuses that contravened the group’s objectives.
“We are shocked and dismayed that these individuals would continue to impersonate ETI and make statements that do not reflect our values and mission,” the statement read.
“Their actions are a clear attempt to blackmail and extort money from innocent parties, and we condemn their behaviour in the strongest terms.
“The leadership of ETI is aware that some government agencies have released as huge as $500,000 to the impostors to blackmail Hon. Philip Agbese and other National Assembly members who want sanity in the oil and gas sector.”
The statement expressed support for Hon. Agbese’s claims of deliberate attempts by the Nigerian Petroleum Company Limited (NNPCL) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to discredit Dangote Refinery company.
The group said Agbese demonstrated exceptional leadership and courage in “exposing the truth” and applauded his efforts to protect Nigerian entrepreneurs and promote indigenous businesses.
“Agbese’s dedication to serving the people and upholding the principles of fairness and transparency is exemplary,” the statement added.
“He has shown that he is a true representative of the people, and his actions have earned him the respect and admiration of many. We are proud to support him and stand by him in this matter.
“NNPCL and NMDPRA have shown a clear bias towards International Oil Companies (IOCs) and have consistently frustrated the efforts of Nigerian entrepreneurs.
“Their actions are a disservice to the nation and undermine the government’s efforts to promote indigenous businesses.”
The ETI, therefore, expressed support for the House of Reps call for the Chief Executive Officer of NMDPRA, Farouk Ahmed to resign.
“Agbese’s reiteration of the House’s earlier call for the NMDPRA boss to be sacked is the position of many Nigerians who mean well for President Bola Ahmed Tinubu,” the statement said.
“We believe that the dismissal of the NNPC Group CEO Mele Kyari is long overdue as well. The ETI calls on President Tinubu to take immediate action to address this issue and ensure that these regulatory agencies serve the interests of the nation, not just a select few.”
ETI, however, said that it had taken legal action against the imposters and already involved law enforcement agencies to ensure that they were brought to justice.
“We will not tolerate any attempts to impersonate our organization or make false statements that damage our reputation,” the statement noted.
“We urge all stakeholders to remain vigilant and uphold the principles of fairness and transparency. We will continue to monitor developments and ensure that all actions and policies are aligned with the national interest, free from undue influence or partisan agendas.”
SOVRENINS, Julius Berger , Oando UACN, others top list of stocks to watch this week
As July inches closer to an end, investors endured a torrid time last week in the equities market.
The Nigerian equities market lost in four of the five trading sessions as the benchmark All-Share Index (ASI) dipped by fell -2.33% to close at 98,201.49 from 100,539.40 points the previous week.
Similarly, investors lost N1.32 trillion as market capitalisation fell to N55.61 trillion from N56.93 trillion the previous week.
However, amidst the poor performance of the bourse, stocks like SOVRENINS, Julius Berger, Oando and UACN still performed well, making them stocks to watch in the new week.
Kindly note that TVN Stocks To Watch is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
SOVRENINS • 0.56 ▴ 0.01 (1.82%)
The current share price of Sovereign Trust Insurance (SOVRENINS) is NGN 0.56. SOVRENINS closed its last trading day (Friday, July 26, 2024) at 0.56 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.8% gain over its previous closing price of 0.55 NGN. Sovereign Trust began the year with a share price of 0.42 NGN and has since gained 33.3% on that price valuation, ranking it 25th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SOVRENINS knowing the stock has accrued 24% over the past four-week period alone—sixth best on NGX.
Sovereign Trust Insurance is the 48th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). SOVRENINS has traded a total volume of 83.6 million shares—in 1,163 deals—valued at NGN 37.8 million over the period, with an average of 1.33 million traded shares per session. A volume high of 7.57 million was achieved on June 11th, and a low of 17,113 on May 27th, for the same period.
READ ALSO:Airtel Africa, WAPCO, Dangote Sugar top list of stocks to watch this week
JBERGER • 97.00 ▴ 4.50 (4.86%)
The current share price of Julius Berger Nigeria Plc (JBERGER) is NGN 97.00. JBERGER closed its last trading day (Friday, July 26, 2024) at 97.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.9% gain over its previous closing price of 92.50 NGN. Julius Berger began the year with a share price of 43.00 NGN and has since gained 126% on that price valuation, ranking it fourth on the NGX in terms of year-to-date performance.
Julius Berger Nigeria is the 60th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). JBERGER has traded a total volume of 48.5 million shares—in 4,537 deals—valued at NGN 4.06 billion over the period, with an average of 769,251 traded shares per session. A volume high of 17.6 million was achieved on May 23rd, and a low of 12,252 on July 11th, for the same period.
OANDO • 20.35 ▴ 1.85 (10%)
The current share price of Oando Plc (OANDO) is NGN 20.35. OANDO closed its last trading day (Friday, July 26, 2024) at 20.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 18.50 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 93.8% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OANDO knowing the stock has accrued 36% over the past four-week period alone—second best on NGX.
Oando is the 15th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). OANDO has traded a total volume of 747 million shares—in 17,180 deals—valued at NGN 11.3 billion over the period, with an average of 11.9 million traded shares per session. A volume high of 73 million was achieved on July 26th, and a low of 1.43 million on May 24th, for the same period.
UACN • 15.80 ▾ 0.15 (0.94%)
The current share price of UAC of Nigeria (UACN) is NGN 15.80. UACN closed its last trading day (Friday, July 26, 2024) at 15.80 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.9% drop from its previous closing price of 15.95 NGN. UAC began the year with a share price of 12.85 NGN and has since gained 23% on that price valuation, ranking it 35th on the NGX in terms of year-to-date performance.
UAC of Nigeria is the 27th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). UACN has traded a total volume of 167 million shares—in 3,418 deals—valued at NGN 2.45 billion over the period, with an average of 2.65 million traded shares per session. A volume high of 46.4 million was achieved on June 27th, and a low of 34,930 on May 31st, for the same period.
By: Babajide Okeowo
The post SOVRENINS, Julius Berger , Oando UACN, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from TVN.
Presidency affirms Nigerians’ right to peaceful protest
The presidency has reiterated that citizens have the right to peaceful protests.
The Special Adviser on Media and Publicity to the President, Ajuri Ngelale, made the clarification during a TVC programme, Politics on Sunday with Femi Akande.
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He said President Bola Tinubu‘s administration is committed to serving the people, not dominating them.
He was reacting to concerns about the government’s stance on planned protests slated for August 1-10.
READ ALSO:Lawyer urges NCC to probe telcos for restricting internet access, frustrating protest
Ngelale said: “Let me be clear: we are not in office to dominate our people; we are here to serve them.” He emphasized that no organ of the administration has the authority to prevent Nigerians from exercising their right to peaceful protest.
The presidential aide acknowledged fears of potential hijack of the protests, similar to the #EndSARS movement in 2020, but reassured citizens that the administration is committed to protecting their rights.
Ngelale also highlighted President Tinubu’s dedication to putting Nigeria on a sound economic footing despite inheriting liabilities from the previous administration.
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