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Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

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Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals.

The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in a statement signed by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over the recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery.

 Dangote has ensured that the bulk of his business investments are local, contributing significantly to economic development through tax payments, extensive job creation, and consistent returns for shareholders,” she added.

The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies. They cautioned that such actions could deter both local and international investors and undermine government efforts to stabilise fuel prices and ensure availability.

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We must rally around Dangote Refinery,” Mrs. Bakare urged, “to provide crucial support such as crude oil allocation, cooperation from international oil companies, and regulatory agency collaboration.” She stressed the refinery’s potential to save Nigeria over 30% in foreign exchange currently spent on offshore refining, which could significantly alleviate the country’s foreign exchange challenges.

“As shareholders,” Mrs. Bakare affirmed, “we remain steadfast in our support of Alhaji Aliko Dangote’s vision to bolster the nation’s economy and create more opportunities for our citizens.”

PSAN is the latest to join the growing list of Nigerians rallying support for Dangote in the ongoing standoff. Prominent figures and associations such as the President of the African Development Bank Group (AfDB), Akinwumi Adesina; billionaire businessman, Femi Otedola; federal lawmakers; former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar; former Anambra state governor and 2023 Labour Party presidential candidate, Peter Obi; Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); and the Manufacturers Association of Nigeria have all voiced their support for Dangote Refinery.

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Buhari’s Aide: APC Ready to Welcome Kwankwaso Back

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Head Of Kwankwasiyya Movement and former Governor of Kano,Engineer Rabiu Musa Kwankwaso

 

An aide to former President Muhammadu Buhari, Bashir Ahmad, has expressed the readiness of the All Progressives Congress (APC) to welcome Senator Rabiu Musa Kwankwaso back into the party. Ahmad made this statement on his verified Facebook page, sparking discussions within Nigeria’s political circles.

In his post, Ahmad stated, *“We will gladly welcome Sen. Rabi’u Kwankwaso and his people into our great party, the APC.”This declaration comes amidst growing speculation about Kwankwaso’s potential return to the APC, a party he played a significant role in forming ahead of the 2015 general elections during his tenure as Governor of Kano State.

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Kwankwaso, who is currently the national leader of the New Nigeria Peoples Party (NNPP), has remained a prominent figure in Nigerian politics. His possible return to the APC is seen by many as a strategic move that could reshape the political landscape, particularly in Kano State, where he wields considerable influence.

Ahmad’s statement has fueled debates among political analysts and party members, with some viewing Kwankwaso’s return as a boost to the APC’s strength in the region. Others, however, question the implications of such a move for the NNPP and its supporters.

As the political climate heats up, all eyes are on Senator Kwankwaso to see whether he will heed the call and rejoin the party he once helped build.

 

 

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APC Leaders in Kano South Urge Senator Sumaila to Rejoin Party

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Senator Abdurrahman Kawu Sumaila

 

The Chairmen of the All Progressives Congress (APC) and their Secretaries from Kano South Senatorial District have called on Senator Sulaiman Abdulrahman Kawu Sumaila to return to APC.

Speaking on behalf of the 16 APC Chairmen, their secretaries and ward leaders, the APC Chairman of Albasu Local Government, Alhaji Iliya Jibrin Hungu, said the call became necessary considering the value Sen. Sumaila would add to the party if returned.

Hungu added that “if Sen. Sumaila succumbs to our plea and returns to APC, no any other party will shine in Kano south, just as the man will unite the party members in the district.

“We knew the capacity and value of Sen. Sumaila in Kano politics. Though he is not a card carrying member of the APC, yet the man extends his hands of fellowship to all irrespective of their party affiliation.

“This is the kind of politician we need in APC. We are therefore, appealing to our serving and former APC state lawmakers from Kano south, APC caucus, APC National Chairman Dr. Abdullahi Umar Ganduje, Senator Barau Jibrin and the APC state chairman Alhaji Abdullahi Abbas to help us in pacifying Sen. Sumaila to consider our plea.

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“We have confidence that Sen. Sumaila will play a greater role in promoting APC in Kano. We really missed the man when he left the party and we are calling on him to return and join us to promote the party together, Hungu said.

The chairman explained that APC needs committed politicians like Sen. Sumaila who always devote their energy and resources for the well-being of their constituents.

He attested that “Sen. Sumaila has no match in Kano south. We really need the man back into the APC. We will be happy if the Senator accept to return to the party.”

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Federal Government Warns Expatriates Against Visa Overstay

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The Federal Government has warned expatriates against overstaying their visas in Nigeria, announcing a $15 daily fine for defaulters starting August 1, 2025.

Minister of Interior, Mr. Olubunmi Tunji-Ojo, revealed that expatriates who overstay their visas by more than six months will face a five-year entry ban, while those exceeding one year will be banned for 10 years.

This is part of the new Expatriate Administration System, set to launch on May 1, 2025. The system aims to improve immigration compliance and data accuracy on foreign residents. Expatriates will have a three-month grace period to regularize their status before penalties are enforced. Additionally, the new e-visa system will replace the visa-on-arrival process, allowing travelers to get their visas within 48 hours.

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