Author: The Nation

  • Session with Kannywood masquerades: Why reputation, digitalisation now matter

    Session with Kannywood masquerades: Why reputation, digitalisation now matter

    • By Yushau A. Shuaib

    Many movie lovers celebrate actors and actresses whose faces dominate the screen, yet rarely pause to acknowledge the unseen hands that actually give life to a film. Behind every successful production are the masquerades of the industry—the faceless men and women who shape the scripts, mould the characters, secure locations, organise production, manage marketing, and ensure distribution. Without them, even the most talented actors would be shadows without substance.

    I am not a fanatical follower of Nigerian movies—whether Nollywood or Kannywood—but I have watched countless productions over the years, some with admiration, others with disappointment. Still, one truth is undeniable: Nigeria’s film industry has carved a visible space on the global cultural map. Conversations with non-Nigerians often drift toward our films, actors, food, customs, and storytelling traditions. While Nollywood enjoys widespread acclaim in the West, Kannywood—powered by the Hausa language—reigns supreme across much of the Sahel and parts of the Middle East.

    That is why the “Kannywood Roundtable on Reputation Management and Digital Advancement,” hosted in Kano by Image Merchants Promotion Limited (IMPR), the publishers of PRNigeria, in collaboration with the National Information Technology Development Agency (NITDA), felt both timely and symbolic. It was not a parade of red carpets or celebrity poses. Instead, it was a rare convergence of the industry’s true masquerades—the thinkers, writers, directors, producers, and strategists who quietly keep Kannywood alive.

    For the first time, I encountered in one room people whose influence far outweighs their screen time: Zuwairiyyah Adamu Girei, the celebrated Hausa novelist and lead writer of Kwana Casa’in on Arewa 24; Prince Daniel (popularly known as ABOKI), director of Mai Martaba, Nigeria’s official entry for the 2025 Oscars; Hassan Bin Isah, producer of Wata Shida; Nasiru B. Muhammad, President of the Professional Film Directors Association (PROFDA), and Hafizu Bello (an Africa Magic Viewers’ Choice Award recipient).

    There were also Aminu M. Awwal of Battle of the Northern Kitchen; Aliyu Sabo Bakin Zuwo of Abnur Entertainment, producers of Manyan Mata and Kundin Kannywood; Abdullahi Yunusa Yusuf, Documentarian of the Bandits Warlords of Zamfara; Umar Gombe, a renowned actor/producer; Mansur Umar Kurugu, an industry communication expert, and Mikhail Gidigo, a cinematographer, among other veterans. What unfolded was not nostalgia, but honest introspection.

    Associate professor of strategic communication, Dr Sule Yau Sule, chaired the roundtable. Engr Mohammed Kabir Salihu, who represented NITDA Director-General Kashifu Inuwa, delivered the keynote address, which provided a platform for Kannywood stakeholders—actors, producers, directors, regulators, scholars, technology partners, and media professionals—to interrogate where the industry truly stands. Against the backdrop of rapid technological change, audience expectations, regulatory pressures, and reputational challenges, participants spoke about Kannywood’s strengths and weaknesses.

    A recurring concern was the industry’s slow embrace of digital transformation. While global cinema is already experimenting with artificial intelligence, data-driven distribution, and advanced post-production workflows, Kannywood still underutilises these tools. This digital lag limits its competitiveness beyond traditional markets. Closely linked to this is a glaring skills deficit, particularly in animation, sound engineering, and AI-assisted editing. Even storytelling came under scrutiny, with participants admitting that repetitive, romance-heavy narratives often dominate due to a shortage of skilled writers.

    Beyond creativity, structural issues surfaced. Regulatory friction, weak collaboration with government agencies, internal guild fragmentation, and unresolved disputes continue to slow reform. Poor welfare, low remuneration, and rampant piracy discourage investment, while gender imbalance keeps women largely excluded from technical and leadership roles. These are not cosmetic flaws; they strike at the industry’s sustainability.

    Read Also: Fubara: Why we’re moving housing development outside city centre

    Yet the tone was not defeatist. Participants proposed a practical roadmap for renewal. Central to this was a deeper partnership with technology institutions like NITDA to integrate AI and digital workflows, alongside the establishment of specialised film schools and mentorship schemes for writers and post-production professionals. They called for structured engagement with regulators, alignment with national digital economy policies, and stronger marketing and public relations strategies rooted in responsible digital citizenship.

    They further proposed an inter-agency communication framework that brings NEMA, NOA, VON, and key media and civil society actors into a coordinated system for risk communication and national orientation, ensuring clearer messaging, shared narratives, and timely public engagement. They noted that this is another area where the Minister of Information, Mohammed Idris Malagi, and the Minister of Creative Economy, Ms. Hannatu Musawa, could play strategic roles.

    Equally important were recommendations to reform business models—transitioning from passion-driven productions to business-oriented frameworks, introducing insurance schemes, strengthening intellectual property protection, reviving cinema culture, and expanding streaming partnerships to boost revenue.

    What struck me most was the shared understanding that Kannywood is more than entertainment. It is a cultural asset, a source of youth employment, a tool of social cohesion, and a soft-power instrument for Nigeria. Its reputation, therefore, is not a private affair; it is a public responsibility.

    The masquerades of Kannywood have spoken. Their message is clear: creativity alone is no longer enough. In an age of algorithms and global platforms, reputation and digitalisation are no longer optional—they are existential. If Kannywood must continue to dominate its space and earn respect beyond it, the industry must look beyond the camera, listen to its unseen architects, and finally embrace the future they are already imagining.

    • Yushau A. Shuaib is the author of “Award-Winning Crisis Communication Strategies” and “Encounter with the Spymaster.”
  • Experts demand strategic economic reforms at 2025 Arewa stars awards

    Experts demand strategic economic reforms at 2025 Arewa stars awards

    Policy experts, government officials and stakeholders have called for deliberate interventions to revive the economy of Northern Nigeria, emphasising that its future depends on amendments in governance, education, and inclusivity.

    They spoke at the 2025 Arewa Stars Awards on December 20 at the Tahir Guest Palace, Kano. Organized by Arewa Agenda—under Image Merchants Promotion Limited (IMPR), PRNigeria and Economic Confidential publishers—ASA recognizes young achievers in northern states.

    Delivering the keynote address, Executive Director, Civil Society Legislative Advocacy Centre, Awwal Musa Rafsanjani, stressed the need for reforms in governance, education, and youth and women empowerment to reposition the region economically.

    He said strengthening justice, prioritising education, and promoting transparency and accountability in leadership were critical to changing negative narratives about Northern Nigeria and achieving sustainable development.

    Highlighting the importance of formulating policies that enable women to thrive, Rafsanjani noted that inclusive development remained central to long-term economic stability across the 19 states.

    Kano Commissioner for Information, Comrade Ibrahim Abdullahi Waiya, commended Arewa Agenda for acknowledging the efforts of young people who are positively impacting society.

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    The official described the initiative as timely and pledged the support of the Kano State Government for future editions, to ensure that the annual awards become more impactful and far-reaching.

    IMPR CEO, Yushau Shuaib, called ASA “a vital tool for inspiration” in a region facing significant development hurdles. He added that the recognition was not only about celebrating success but also encouraging youths to contribute meaningfully to the North’s progress.

    Arewa Stars Awards convener, Dahiru Mohammed Lawal, said the platform was built on the values of service, innovation, and leadership. Hundreds of nominations are received annually, while winners are selected by a competent jury to maintain credibility.

    The 2025 edition honored Rukayya Khalid (Innovator of the Year) for pioneering electric tricycle manufacturing; Abdulhaleem Ringim (Governance and Public Policy) for contributions to economic policy initiatives; and Nafisa Abdullahi Aminu (Teen Star) for academic performance in London.

    Maimuna Musa Agaka for Academic Excellence; Tijjani Gandu for Politics; Hidaya Mahmud for Poetry; Aisha Buhari for Catering; Nana Sule for Publication; Yahuza Bawage for Journalism; Ameer Lukman Haruna for Tourism; and Bayero Yayandy for Advocacy.

    Others: Fareed Ibrahim for Humanitarian Service; Najib Shehu for Sports; Nasiba Babale for Arts and Culture; Ishaq Alhassan Qauran Mata Jnr for Activism; Yusuf Hassan for Health; and Ibrahim El-Caleel for Social Media Influence.

    Honorary awards were presented to Governor Uba Sani (Kaduna), Governor Abba Kabir Yusuf (Kano), Jibrin Baba Ndace (DG, Voice of Nigeria), and Zubaida Umar Abubakar (DG, National Emergency Management Agency).

  • 43 First-Class students bag foreign scholarships as MAAUN graduates first set

    43 First-Class students bag foreign scholarships as MAAUN graduates first set

    Maryam Abacha American University of Nigeria (MAAUN) has awarded foreign scholarships to 43 students who graduated with first-class honours during its maiden convocation ceremony on Saturday.

    The scholarships were announced by the Founder of the university, Prof. Adamu Abubakar Gwarzo, at the ceremony on Saturday at the university’s main campus in Kano. 

    He stated that the scholarships would fully sponsor the beneficiaries to pursue Master’s degrees in any country of their choice across the world.

    Gwarzo congratulated the graduating students on their achievements and urged them to serve as worthy ambassadors of MAAUN wherever they go.

    President of the university, Prof. (Dr.) Mohammed Israr, disclosed that MAAUN commenced academic activities in 2022 with 15 programmes across four schools and has since expanded to 22 academic programmes across eight schools.

    He noted that the university’s ranking as the second-best private university in Nigeria by the AD Scientific Index reflects its strong commitment to academic excellence and quality education.

    According to Prof. Israr, a total of 492 students graduated from 12 academic programmes. Of this number, 43 graduated with First Class honours, 220 earned Second Class Upper degrees, while 229 graduated with Second Class Lower degrees. 

    Earlier, the Chancellor of the university, who is the Director of the European Centre for Leadership and Entrepreneurship Education (ECLEE)in France,  Prof. Mahamouda Salouhou, congratulated the graduates and encouraged them to uphold the values of the institution wherever they found themselves.

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    The Kano State Governor, Abba Kabir Yusuf, represented by the Chief of Staff, Dr. Wali Sulaiman Sani, assured that the state government would continue to support the education sector and strengthen collaboration with relevant stakeholders.

    In a goodwill message, Prof. Hakeem Ibukunle Tijani of Morgan State University, Baltimore, Maryland, USA, commended Prof. Gwarzo for his resilience and vision, particularly for fostering academic collaboration between MAAUN and Morgan State University, one of the oldest universities in the United State of America.

    Also speaking, former NUC Executive Secretary, Prof. Abubakar Adamu Rasheed, who was represented by Dr. Ibrahim Usman Yakasai, described the maiden convocation as a defining moment for the university.

    He said MAAUN has grown rapidly and has become the most popular private university in the North-West.

    The best graduating student, Khadija Ibrahim Manzo of the Department of Human Resource Management, received ₦5 million from the Founder, Prof. Gwarzo.

    The convocation was attended by representatives of state governors,  vice-chancellors of various universities, traditional rulers, senators, commissioners and other top government officials from across the country.

  • MAAUN honours late Abacha, Baré Maïnassara

    MAAUN honours late Abacha, Baré Maïnassara

    Maryam Abacha American University of Nigeria (MAAUN) has conferred posthumous Honorary Doctorate Degrees in Leadership on former Head of State, Late General Sani Abacha and the late President of the Republic of Niger, Ibrahim Baré Mainassara.

    The awards were presented at the maiden convocation ceremony of the university held at its main campus in Kano on Saturday.

    Alhaji Mohammad Abacha received the award on behalf of his late father, while Dr. AbdulRasheed Amadu collected the award on behalf of Late President Ibrahim Baré Mainassara.

    Founder of MAAUN, Prof. Adamu Abubakar Gwarzo, said the honour was in recognition of the contributions of the two leaders to humanity and national development in their respective countries.

    According to Gwarzo, the university honoured Late General Sani Abacha in recognition of his remarkable leadership journey, distinguished military career, and contributions to national development and statecraft in Nigeria.

    He noted that as military Head of State, General Abacha demonstrated decisive leadership with a strong emphasis on national stability.

    Prof. Gwarzo highlighted that his administration initiated major infrastructural and developmental interventions, particularly through the Petroleum (Special) Trust Fund (PTF).

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    He explained that the PTF remains one of the most visible legacies of the Abacha era, delivering projects across Nigeria in road construction, healthcare, education, water supply, and public transportation, especially in rural communities.

    Baré Maïnassara, a former military ruler, led the Niger Republic until 1996 when he was killed in a coup in April 1999.

    Bare maintained Niger’s role in regional cooperation and security discussions in West Africa during a volatile period.

    Responding on behalf of the Abacha family, Alhaji Mohammad Sani Abacha expressed gratitude to the university for the honour.

    He said the recognition not only acknowledges the late General’s enduring contributions but also immortalizes his commitment to education, progress, and values that align with the mission of MAAUN, named after Hajia (Dr.) Maryam Sani Abacha, whom he described as a beacon of compassion and empowerment.

  • 130 Niger pupils, teachers rescued

    130 Niger pupils, teachers rescued

    • No one left in captivity, says Idris
    • Abductees to be received by Bago

    The remaining 130 kidnapped pupils and teachers of St. Mary’s Catholic Primary and Secondary Schools, Papiri, in Agwara Local Government Area of Niger State, have regained freedom.

    They were rescued unhurt after a month in captivity.

    Official figures showed that 280 pupils and teachers were abducted on November 21.

    Of the number, 50 escaped, while the Federal Government, through non-kinetic means, secured the release of 100 on December 7.

    Security sources said the latest release took place on Saturday in a forest between Kwara and Niger states.

    Armoured Personnel Carriers (APCs) and vehicles from the Office of the National Security Adviser (ONSA) were seen conveying the abductees, comprising 115 pupils and 15 teachers, to Minna, the Niger State capital.

    Residents said some of the children were evacuated from the National Park, a forest reportedly used by terrorists.

    New Bussa residents also confirmed sighting white buses moving towards the Babana area on Saturday.

    Their release came as a surprise Christmas relief to anxious parents and school staff who had begun to lose hope.

    A senior security official, who spoke in confidence, said: “The freed abductees are on their way to Minna under heavy security, where they will be handed over to Governor Mohammed Umar Bago.

    “Everyone is relieved that the nightmare is over. The government has kept its promise to ensure the safe return of these innocent victims.

    Read Also: Niger pupils’ abduction: Bandits hike ransom to N200m

    “The National Security Adviser, Mallam Nuhu Ribadu, coordinated all agencies, leading to this success.”

    It’s a fitting end  of the year, says  information minister

    Minister of Information and National Orientation, Mohammed Idris, in a statement, said the rescue of the remaining 130 children and staff marks a fitting end to the year.

    “As it is, the Federal Government can confirm that all the abducted pupils of the Catholic School, Papiri, numbering 230, have been freed. Not a single pupil is left in captivity.

    “The just-released 130 pupils are being handed over to the Niger state government, after which they will be reunited with their families.

    “This courageous effort by our security forces reaffirms our nation’s resolve to protect its people.

    “The Federal Government empathises with the parents and guardians of the pupils for the agony the abduction has caused them, wishes them a pleasant family reunion, a good healing process, compliments of the season, and a Merry Christmas,” he said.

    Presidential Spokesman Sunday Dare on his verified X account, wrote: “Another 130 abducted Niger State pupils released, none left in captivity.”

    The post was accompanied by a photograph of smiling children and a woman.

    The Bishop of Kontagora Diocese and proprietor of the school, Most Rev. Bulus Dauwa Yohanna, also confirmed the release.

    He said Governor Umaru Bago called to inform him of the development.

    The bishop said the pupils and teachers were expected in Minna today.

    Niger State Police Public Relations Officer, Wasiu Abiodun, confirmed the release of 130 pupils and teachers, adding that further details would be communicated.

    Sources said intensive negotiations preceded the release, noting that talks began on Thursday night.

    Chief Press Secretary to Governor Bago, Bologi Ibrahim, said relevant information would be made public.

    Ogun State Governor Dapo Abiodun said the development showed that evil would not prevail over Nigeria.

    He described the release as heartwarming, noting that the victims would now celebrate the Yuletide with their families after a traumatic ordeal.

    Abiodun said the rescue fulfilled President Bola Ahmed Tinubu’s pledge to ensure their safe return and urged security agencies to prosecute those responsible.

    He commended the President for security measures nationwide, saying the sustained release of abductees was restoring public confidence.

    Abiodun cited the rescue of 24 abductees in Kebbi State, 100 students from a Catholic school in Niger State, and Christian worshippers abducted in Eruku, Kwara State, as evidence of the administration’s resolve to tackle insecurity.

    A report by The New Humanitarian said: “Since January 2023, at least 816 pupils have been taken in 22 school attacks, part of a broader multi-million-dollar kidnapping industry terrorising Nigeria.”

  • Dangote Refinery, MRS launch nationwide PMS sales at N739 per litre

    Dangote Refinery, MRS launch nationwide PMS sales at N739 per litre

    • Refinery warns against artificial scarcity
    • ‘Report MRS stations selling above N739’
    • Marketers flock to refinery over lower prices
    • Reduced minimum purchase volume drives demand

    Dangote Petroleum Refinery has b begun a nationwide sales of Premium Motor Spirit (PMS) at a pump price of N739 per litre.

    The sales will be available at all MRS Oil Nigeria Plc filling stations across the country.

    The move represents a significant milestone in the refinery’s mission to deliver affordable fuel to Nigerians and stabilise the downstream petroleum market.

    With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.

    In a statement by its management, the refinery praised marketers that have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.

    “We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.

    Due to the scarcity of products during festive periods, the Dangote Refinery has delivered a decisive market intervention by crashing pump prices at a time Nigerians typically brace for hardship.

    This initiative, backed by a guaranteed daily supply of 50 million litres, fundamentally alters the supply dynamics during the holiday period.

    Besides, industry watchers believe that by refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses and transport operators nationwide.

    The refinery has also warned against attempts by those it called unscrupulous operators to create artificial scarcity in response to the price reduction.

    It urged government agencies to act decisively.

    “Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.

    The refinery urged consumers to resist the temptation of buying fuel at inflated prices when cheaper, high-quality alternatives are readily available.

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    “We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 08001235264.

    “We also call on other petrol station operators to patronise our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” the refinery added.

    Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security.

    Its management emphasised that its operations are anchored on long-term national interest rather than short-term market pressures.

    “Our objective remains clear: to ensure a consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery added.

    Also, Dangote Refinery has become the hub of fuel distribution in Nigeria.

    This followed bold strategic adjustments aimed at making energy more affordable and accessible to consumers.

    The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) or petrol to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2 million litres to 250,000 litres.

    To further help marketers, the refinery has introduced a 10-day bank guarantee system, ensuring uninterrupted supply and strengthening confidence in its operations.

    These measures, industry sources said, underscore Dangote Refinery’s commitment to stabilising supply, fostering inclusivity and supporting national economic growth.

    Since the announcement, the response from fuel marketers has been overwhelming. The refinery now records over 1,000 trucks loading PMS daily from its gantry.

    Speaking on the development, the President of Dangote Group, Aliko Dangote, said: “Our goal has always been to make energy affordable and accessible for every Nigerian. By reducing prices and lowering the minimum purchase volume, we are empowering both large and small marketers to participate in the market, ensuring fuel reaches every corner of the country.”

    The inclusive approach opens the market to smaller operators, thereby strengthening distribution networks and improving fuel availability nationwide.

    By lowering barriers to entry, Dangote Refinery is believed to be driving competition and ensuring Nigerians benefit from a more stable and affordable fuel supply chain.

    Addressing reporters last week, Dangote reaffirmed his commitment to ensuring that Nigerians enjoy the benefits of domestic refining. The industrialist emphasised that the company was working tirelessly to ensure recent reductions at the gantry are reflected at retail outlets.

    He noted that the refinery project was driven by legacy rather than profit, revealing that he could have invested $20 billion elsewhere if financial gains were his sole objective.

    Last week, the Independent Petroleum Marketers Association of Nigeria (IPMAN) urged all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products.

    The association said the refinery already offered the best affordable price for all marketers, even as free delivery is set to begin next month.

    It also expressed delight over a recent agreement by the Dangote Petroleum Refinery to begin the supply of Premium Motor Spirit (PMS) – also known as petroleum products – directly to registered IPMAN members, in a statement by the IPMAN National President, Alhaji Abubakar Maigandi.

    Maigandi said: “The association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the PMS retail market. We, therefore, declare that there will be no gap or scarcity in PMS supply to Nigerians.”  

  • Sanwo-Olu promises memorable Eyo festival

    Sanwo-Olu promises memorable Eyo festival

    Lagos State Governor Babajide Sanwo-Olu has reassured Lagosians and tourists of a safe and memorable Eyo festival.

    He confirmed that the grand finale of the event will hold on Saturday at Tafawa Balewa Square, Lagos. It was last held on May 20, 2017.

    The historic cultural event is being organised in honour of four personalities in Lagos State, namely the first Military Governor of Lagos State, Brig. Mobolaji Johnson, Sir Michael Otedola, Alhaji Lateef  Jakande and Alhaja Abibatu Mogaji.

    Sanwo-Olu described the festival as day of pride and joy, as it would be a ceremony that would not only be colourful, but also show the deepness of Lagos’ rich cultural heritage.

    The governor, who spoke while hosting representatives of the four families being honoured at ‘Ijade Opa Eyo’, held yesterday at the Government House, Marina, said through ‘Ijade Opa Eyo’, Lagos had reaffirmed its cultural lineage.

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    The ceremonial procession, he said, reflected order, blessing and the collective memory of the people-honouring tradition, while moving forward with purpose.

    ‘Ijade Opa Eyo’ is a ceremonial procession that embodies the heritage and continuity of Lagos. At its centre is the ‘Opambata’, a symbol of authority, guidance and blessing, carried in measured procession through the city.

    The occasion featured prayer session led by the Spiritual Head of Eyo (Olori Eyo), Chief Adebola Dosumu, the Akinsiku of Lagos, for a successful Eyo festival.

    A statement by the presidential spokesman, Mr. Bayo Onanuga, said President Bola Ahmed Tinubu is expected to be the guest of honour.

    Among guests present at the hosting included Abimbola Jakande, Chief Adebola Dosumu (Akinsiku of Lagos), Senator  Musiliu Obanikoro, Deji Jakande, Ayo Otedola, Mutiu Are, Chief Lateef Ajose, Chief Makanjuola and some Lagos white cap chiefs.

    After  the pre-festival event at the Marina, the governor led the Olori Eyo and others to visit the President at his home in Ikoyi.

    First Lady Oluremi Tinubu was on hand with the President to receive the delegation.

    The governor briefed the President on the Saturday event, where the President is expected to be the guest of honour at the Tafawa Balewa Square (TBS) venue.

    President Tinubu reaffirmed his administration’s resolve to defeat banditry and terrorism.

    He assured Nigerians that the country would overcome its security challenges while receiving organisers of the Eyo Festival at his Lagos residence.

    The President prayed for Lagos and the nation and charged participants in the cultural procession to celebrate peacefully, warning against alcohol consumption and any conduct capable of endangering lives.

    “I am happy for this great cultural remembrance, a rekindle of our culture. It is a great honour to come back home to meet our people, ready, happy, healthy, for the celebration of Eyo Carnival in peace, harmony, love, brotherhood and sisterhood,” Tinubu said.

    He urged the revelers to conduct themselves responsibly throughout the festivities.

    “You should stay in peace, rejoice in peace, dance in peace, no alcohol, no danger to anybody’s life. Everybody is a member of this great family,” the President admonished.

    Tinubu noted that the progress being witnessed in Lagos and across the country was worth celebrating, expressing confidence in a peaceful festive season.

    “Eko is making progress. Nigeria is making progress… God will bless Lagos, bless the Federal Republic of Nigeria. And I assure you, we will defeat banditry and terrorism,” he added.

    Sanwo-Olu expressed gratitude to the Oba of Lagos, Rilwan Akiolu, for granting approval for the Adimu Orisha Eyo to take place, describing the festival as a powerful showcase of Lagos’ rich cultural heritage.

    “For me personally, this is historic. In almost seven years as governor, this is the first Eyo Festival I will witness,” Sanwo-Olu said, adding that the event offered an opportunity to present Lagos’ deep cultural roots to both local and international visitors.

    The governor explained that the visit to the President marked the formal ushering in of the Adimu, the most prominent of the Eyo masquerades, and the commencement of activities for a week-long celebration culminating on December 27.

    He further revealed plans to explore making the Eyo Festival an annual, calendarised event, noting that the celebration would bring families together in unity, peace and brotherhood, in line with the President’s call for a safe and harmonious festival.

  • Foreign investors raise Nigerian stocks’ turnover to N10.54tr

    Foreign investors raise Nigerian stocks’ turnover to N10.54tr

    Turnover at the Nigerian stock market rode on the back of increased foreign inflows to a new record of N10.54 trillion as foreign portfolio investors (FPIs) showed improved tendency for long-term investments in Nigerian assets.

    Trading data at the Nigerian stock market reviewed yesterday showed that total transactions have more than doubled to N10.54 trillion over the past 11 months, driven by increased participation by foreign investors.

    The rate of participation by FPIs has increased by some 479 basis points with retained funds or surpluses from foreign transactions so far this year nearly half of their total transactions in the previous year.

    As against the previous trend where outflows were more than inflows, there has been a considerable increase in inflows compared to outflows under the new bullish sentiment.

    Nigerian equities closed weekend with average year-to-date return of 47.73 per cent after investors tickled a new rally that saw the market gaining N1.67 trillion last week.

    The capital gain of 47.73 per cent ranks among the five highest gains globally and represents net inflation-adjusted gain of 33.28 per cent. Nigeria’s inflation rate stands at 14.45 per cent. 

    With the traditional year-end rally expected to deepen this week, there are indications that total market value of Nigerian equities market would hit N100 trillion mark by the year-end. Aggregate market value of Nigerian equities rose from N95.26 trillion to N96.94 trillion last week.

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    The All Share Index (ASI)- the value-based common index that doubles as Nigeria’s sovereign equity index, closed weekend at 152,057.38 points, underlining the fact that an average investor in the Nigerian market has so far recorded capital gain of 47.73 per cent. It had opened the year at 102,926.40 points.

    A breakdown of the 11-month trading data showed that total turnover at the Nigerian Exchange (NGX) increased from N4.91 trillion by November 2024 to N10.54 trillion by November 2025.

    Total transactions by FPIs jumped by 178.8 per cent from N785.28 billion to N2.189 trillion. Foreign inflows had grown by 218.9 per cent from N370.15 billion to N1.18 trillion, while outflows were slower at 142.89 per cent from N415.13 billion to N1.001 trillion.

    The proportion of foreign to domestic participation shifted from the previous 15.98 per cent-84.02 per cent to 20.77 per cent—79.23 per cent, underscoring the stronger influence of FPIs.

    Nigerians across the broad spectrum continued to stake high on the overall economic outlook with total domestic transactions rising from N4.12 trillion to N8.35 trillion. Domestic retail investors’ turnover rose from N2.11 trillion to N3.22 trillion while domestic institutional investors traded N5.13 trillion in 2025 as against N2.02 trillion in 2024.

    Experts said foreign investors “were encouraged to stay longer” by the country’s improving macroeconomic outlook.

    Nigeria’s inflation rate has dropped consecutively for the past eight months to stand at 14.45 per cent. Gross Domestic Product (GDP) recorded its highest growth this year in the third quarter as sustained improvements in non-oil sector supported the economy to a 3.46 per cent growth. The naira closed weekend at N1,443.00 per dollar, sustaining a steadiness that has been the basis at the foreign exchange (forex) market. Gross forex reserves closed weekend at $45.21 billion.

    Citing increased inflows from FPIs, analysts at Cordros Capital said the “naira is anticipated to remain broadly stable” despite increased demand for forex.

    Group Managing Director, Nigerian Exchange Group (NGX Group) Plc, Mr. Temi Popoola said the market’s resilience could be traced to coordinated reforms by the government, which have rebuilt confidence in the country’s investment environment.

    According to him, government’s reforms have redefined Nigeria’s economic outlook and restored a degree of macroeconomic stability.

    Managing Director, GTI Capital Group, Mr Kehinde Hassan, said investors were responding to both fiscal and monetary outlooks and the corporate earnings of quoted companies.

    According to him, the bullish pricing trend is reflective of the collective assumption of investors on the prospects of the Nigerian economy.

    He said the government must sustain its reforms and provide greater clarity and momentum around fiscal policies to retain positive global sentiment. 

    Managing Director, AIICO Capital, Dr Femi Ademola, said Nigerian equities have become very attractive to both foreign and domestic investors.

    Managing Director, Arthur Steven Asset Management, Mr Olatunde Amolegbe, said the ongoing banking recapitalisation and the reforms in the oil sector have driven more investors to the market.

    Managing Director, HighCap Securities, Mr David Adonri, said the banking sector has contributed substantially to the growing turnover at the stock market.

    “The recapitalisation of banks is orchestrating demand for their shares even in the secondary market. Highly capitalised stocks in the petroleum sector have also been upbeat. Finally, investors have also reacted positively to the big interim dividends declared by banks,” Adonri said.

  • I won’t sign Central Gaming Bill, says President

    I won’t sign Central Gaming Bill, says President

    President Bola Ahmed Tinubu has assured state governments that he will not assent to the Central Gaming Bill just passed by the National Assembly.

    He insisted that lottery and gaming do not fall within the Constitutional responsibility of the federal government.

    The President spoke in Abuja during the All Progressives Congress (APC) National Executive Committee (NEC) meeting on Friday.

    He stressed that, as a “constitutional democrat,” he understood the limits of his executive and legislative authority.

    “I know where my constitutional powers start and where they end,” Tinubu told party leaders, including governors and federal lawmakers.

    The National Assembly on December 2, passed the Central Gaming Bill, which seeks to grant the Federal Government powers to regulate lottery and gaming activities across the states and the Federal Capital Territory (FCT).

    The move, however, has drawn sharp criticism, particularly from the Lagos State Government.

    Through its Attorney-General, and represented by legal luminary, Chief Wole Olanipekun (SAN), Lagos wrote to the Attorney-General of the Federation (AGF), Prince Lateef Fagbemi (SAN), warning against presidential assent to the bill.

    Read Also: Rumpus over introduction of Lottery Bill in House of Reps after S’Court judgment

    The letter cautioned that signing the bill into law would amount to a disregard of a subsisting judgment of the Supreme Court, which last year nullified the National Lottery Act on the grounds that it fell outside the legislative powers of the National Assembly.

    In the December 12 letter, Olanipekun specifically urged the AGF to advise President Tinubu to withhold assent, arguing that the new bill was illegal and unconstitutional in light of the apex court’s decision that lottery is a residual matter reserved for state governments.

    Speaking at the APC NEC meeting, President Tinubu appeared to align with that position, despite the fact that the executive arm and the majority of lawmakers belong to the same political party.

    He said: “What I want you to forget is centralised lotto. Go and read the Constitution again. It is a residual matter.

    “Residual matters belong to the legislative authority of the states.”

    He warned proponents of the bill to desist from further action, making it clear that he would not sign the legislation it transmitted to him.

    “Don’t tread near it. There’s no need for us to argue. I am a constitutional democrat. Lottery, lotto law, centralised lotto, gaming, whatever it is, I have read it. I know it is coming, and I won’t sign it,” President Tinubu said.

    Olanipekun, in his letter to the AGF, reminded the Federal Government of its duty to uphold and defend the judgments of the Supreme Court, particularly in Suit No. SC.1/2008 between the Attorney-General of Lagos State and others versus the Attorney-General of the Federation and others.

    He recalled that the apex court, in a unanimous judgment delivered on November 22, 2024, nullified the National Lottery Act, holding that the National Assembly lacked the constitutional vires to legislate on lottery and gaming.

    The senior advocate expressed concern that, despite the judgment, the National Assembly went ahead on December 2,  to pass another legislation on the same subject, styled as the Central Gaming Bill.

    Olanipekun wrote: “We are further informed that the said legislation purports to repeal the National Lottery Act, as if it were an existing law that had not already been nullified by the Supreme Court.

    “For emphasis, and as rightly acknowledged by your good self at the commencement of the Supreme Court legal year, the National Lottery Act ceased to exist as law on November 22, 2024, when the Supreme Court delivered its judgment in SC.1/2008. The National Assembly cannot subsequently purport to repeal what is no longer in existence.”

    He added that the Central Gaming Bill also seeks to regulate online gaming and lottery, as well as gaming activities across state boundaries.

    It proposes that revenues generated be distributed by the federal government rather than paid into the Consolidated Revenue Fund, contrary to constitutional provisions on revenue allocation.

    Olanipekun noted that the Supreme Court had “flatly rejected” the argument of the AGF and the National Assembly that lottery and gaming qualify as economic activities carried out online or across state boundaries, which would justify federal regulation.

  • Monguno: how cabal sidelined ONSA, endangered presidency

    Monguno: how cabal sidelined ONSA, endangered presidency

    Office of the National Security Adviser (ONSA) was sidelined, underfunded and stripped of institutional authority during the administration of the former President, the late Muhammadu Buhari former National Security Adviser, Maj.-Gen. Babagana Monguno, has said.

    The development, he noted, had grave implications for national security and safety of the late president.

    The revelations are contained in the first-hand accounts by Maj.-Gen. Monguno in Dr. Charles Omole’s book titled: “From Soldier to Statesman: The Legacy of Muhammadu Buhari”.

    According to Monguno’s account, a powerful inner caucus within the Buhari presidency, described as a “cabal” and represented chiefly by the late former Chief of Staff, Abba Kyari, and a few others who with unfettered access to the President, routinely undermined protocol, disrupted command structures and weakened the country’s security architecture.

    One of the most troubling episodes detailed in the book involved the Presidential Air Fleet, which constitutionally reports to the NSA.

    Monguno recalled that the fleet’s commander raised concerns over a fuel supplier that was under investigation, warning that continued engagement posed unacceptable risks.

    Acting on standard security doctrine, Monguno forwarded the recommendation to the President, who approved a change of supplier.

    However, the decision triggered outrage from Kyari, who confronted the NSA for acting without deference to “other interests.”

    “What should have remained a routine risk-mitigation measure quickly became a source of hostility, signaling”, according to Monguno, “that even core security decisions were subject to informal power brokers”.

    Read Also: Sen Monguno empowers 11 Science graduates with fully funded scholarships

    The rift widened when Mamman Daura reportedly intervened, describing the action as an “injustice” to the fuel supplier.

    From that point, Monguno said, his office became persona non grata within the inner circle.

    The book revealed that the consequences were severe: despite presidential approvals, funds meant for national security operations were allegedly withheld, with the Minister of Finance drawn into the dispute.

    The biography describes this sustained deprivation of funds as a deliberate emasculation of the NSA’s office.

    Critical subscriptions lapsed, technical systems linked to foreign partners went offline, and intelligence infrastructure around the Presidential Villa deteriorated.

    Monguno said he wrote more than 30 reminders and made repeated personal appeals, only for approvals to stall after being routed through the Chief of Staff’s office.

    The erstwhile NSA said that institutional damage extended beyond finances, noting that the Special Services Office, the statutory secretariat of the intelligence community, was excluded from about 20 National Security Council meetings.

    In its place, ad hoc note-taking by staffers from the Chief of Staff’s office replaced formal record-keeping, eroding institutional memory and accountability.

    The book further revealed that it took the appointment of Boss Mustapha as Secretary to the Government of the Federation for the NSA to draw a firm line, refusing to proceed with a council meeting until his secretariat was admitted.

    Although Kyari eventually relented, Monguno said the episode underscored how order and protocol had broken down at the highest levels.

    The former NSA also disclosed that for 20 months, his office operated without a permanent secretary, despite presidential approval for an appointment.

    A counter-note from a “gatekeeper,” he said, effectively nullified the directive, an example of how repeated acts of petty sabotage could cripple a system without overt conspiracy.

    The consequences of these structural failures came into sharp focus after the attack on Kuje Correctional Facility.

    Amid public accusations of intelligence failure, Monguno said he returned from an official trip to find a National Security Council meeting already convened.

    He presented extensive documentation of prior warnings and threat assessments to the President.

    At the end of the briefing, Buhari reportedly told him: “NSA, you’ve absolved yourself,” a moment Monguno interpreted as quiet vindication, and a stark reminder of how easily individuals were scapegoated for systemic dysfunction.

    The book further recounts how security funding for elections, once routinely coordinated by the NSA’s office, was later struck out at the last minute, apparently due to factional suspicions.

    Even misunderstandings within the First Family, Monguno said, were fuelled by the false assumption that the NSA was hoarding funds, when in reality the office was financially crippled.

    In Omole’s account, both the late Buhari and the Nigerian state emerge as casualties of an informal power structure that prioritised access and influence over institutions and protocol, a dynamic that, according to Monguno, endangered not only governance but the life of the President himself.

    Kyari died of complications from COVID-19 attack on April17, 2020 less than one year into the Late President Buhari’s second term.