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Dollar Scarcity Threatens Kano Industries

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MAN Chairman

 

Abbas Yushau Yusuf

An investigation by the NIGERIAN TRACKER has shown that manufacturers in Kano are finding it difficult to get enough foreign exchange to buy raw materials for manufacturing of goods in Kano industries.

 

The chairman Kano Jigawa sector of manufacturers association of Nigeria Sani Husseini said one of the things that are giving them a sleepless night to buy raw materials is the foreign exchange.

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He said dollar is now very scarce and it’s the citadel of buying raw materials and no one gets the dollar and it is very expensive in the black market

Meet Dayyabu Lawan, Kano Councillor Who Sells Tea

The MAN chairman in Kano added that when a manufacturer wants gets let’s say 100 thousand dollars to buy foreign exchange he now hardly gets 3 thousand dollars.

 

He added that another biggest problem threatening the remaining Kano industries is lack of power, he said they are paying much for  tariffs but the electricity is not enough to cater for their production and operate in full capacity.

 

 

According to Sani Hussein there are those paying KEDC five to ten million per month as electricity bills and they are not getting any profit hence the huge loss they incurred because KEDCO cannot provide the required power.

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BREAKING: Supreme Court Nullifies Status Quo Ante Bellum Order, Restores David Mark-Led ADC Executive

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By Yusuf Danjuma Yunusa

The Supreme Court has set aside the status quo ante bellum order previously granted by the Court of Appeal in Abuja in the ongoing leadership dispute within the African Democratic Congress (ADC).

The ruling effectively restores the executive committee led by Senator David Mark, reversing its delisting by the Independent National Electoral Commission (INEC).

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Delivering a unanimous judgment on Thursday, a five-member panel chaired by Justice Mohammed Lawal Garba held that the Court of Appeal’s order was unwarranted. The apex court also found that the appeal challenging jurisdiction had been improperly filed—it was based on an ex parte order inviting parties to show cause, without first obtaining the requisite leave of the appellate court.

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Supreme Court Nullifies Turaki-Led PDP Ibadan Convention

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By Yusuf Danjuma Yunusa

The Supreme Court has nullified the national convention held by the Turaki-Led faction of the Peoples Democratic Party in Ibadan, Oyo State, on November 15 and 16, 2025.

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In a split judgment delivered on Thursday, three of the five justices of the apex court ruled that the appeal brought before it by the faction led by Tanimu Turaki lacked merit.

Delivering the lead majority judgment, Justice Stephen Adah held that the appellants acted in violation of a subsisting order of the Federal High Court which restrained them from proceeding with the planned convention.

The court consequently invalidated the convention conducted in Ibadan.

Details later.

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Tinubu Removes NMDPRA Boss, Nominates Rabiu Umar as Replacement

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By Yusuf Danjuma Yunusa

President Bola Tinubu has approved the removal of the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Mr Saidu Mohammed.

He has also nominated Mr Rabiu Abdullahi Umar as the new Chief Executive of the agency, subject to confirmation by the Senate.

The announcement was contained in a State House press release issued on Wednesay by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

“President Bola Ahmed Tinubu, GCFR, has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in the public interest,” Onanuga said.

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According to the statement, the decision was taken in line with the provisions of the Petroleum Industry Act 2021 and is aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector, in line with the Renewed Hope Agenda.

Umar is a seasoned executive with over 25 years of experience across the energy, manufacturing and infrastructure sectors. He holds a degree in Accounting from Bayero University and is also an alumnus of Harvard Business School.

Pending Senate confirmation of the nominee, the most senior official in the NMDPRA will oversee the affairs of the authority in an acting capacity.

The Presidency thanked the outgoing chief executive for his service and wished him success in his future endeavours, while reiterating its commitment to appointing competent leadership in key regulatory institutions.

“The President remains committed to ensuring capable leadership in key regulatory institutions to advance energy security, sector reform, and sustainable economic growth,” the statement added.

The change in leadership at the NMDPRA followed the exit of its pioneer Chief Executive, Farouk Ahmed, who stepped aside in December 2025.

He was subsequently replaced by Saidu Mohammed, who assumed office as Authority Chief Executive of the NMDPRA.

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