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Buhari Decries Gas Supply Insecurity In Nigeria’s Power Sector

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President Muhammadu Buhari, has decried the gas supply insecurity to the power sector in the country, despite the fact that Nigeria has one of the largest gas reserves in the world.

Buhari stated this yesterday while inaugurating the Afam 3 Fast Power Station, owned by the Transafam Power Limited, at Okoloma-Afam community in Oyigbo local government area of Rivers State.

The president, who was represented by the Vice President, Professor Yemi Osibanjo, said the insecurity in gas supply was hampering reforms in the power sector.

He said: “Despite having one of the largest gas reserves in the world, gas supply security for the power sector has been inconsistent and it is hampering reforms.

“In 2022, a gas supply stabilization fund of N40 billion was established by the Nigerian Electricity Regulatory Commission (NERC) to provide advanced payment security for all gas supply and electricity supply industries.

“Consistently, gas supply in the power sector had claimed payment certainty was greatest challenge for supply. Unfortunately, payment decided has not led to improved supply security.”

In his address, Chairman of Transcorp Group, Tony Elumelu, said the Afam 3 Fast Power Station is made up of eight trailer-mounted gas turbines, and has capacity to generate 240 mega watts of electricity.

Elumelu called on the federal government to resolve the gas supply challenge facing power supply companies operating in the Niger Delta region.

Earlier in his remarks, Rivers State Governor, Nyesom Ezenwo Wike, described the Afam 3 Fast Power Station as one of the federal government’s presence in the state.

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Wike, who was represented by the Head of Service, Rufus Godwins, said apart from being the hub of oil and gas sector, Rivers State contributes 40 percent to the national grid.

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Appea Court Lack Jurisdiction To Declare Abure As The National Chairman Of LP – Supreme Court

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The Supreme Court has overturned the Court of Appeal’s decision that recognised Julius Abure as the National Chairman of the Labour Party (LP). In a decisive ruling, a five-member panel declared that the Court of Appeal lacked the legal authority to determine the party’s leadership matters.

In a unanimous verdict, the highest court in the land stated that the Court of Appeal had no jurisdiction over the matter. The panel observed that since the case revolved around the internal leadership structure of the Labour Party, it fell outside the jurisdiction of the courts.

The ruling reinforced the long-standing principle that leadership disputes within political parties should be resolved internally, rather than through judicial intervention.

The Supreme Court stressed that leadership struggles within political parties are purely internal matters. According to legal principles, courts should not interfere in such issues, as they fall under the party’s constitution and governance framework. By upholding this legal doctrine, the apex court reaffirmed that political parties must settle their leadership crises independently.

The Supreme Court upheld the appeal lodged by Senator Nenadi Usman and a fellow appellant, ruling that their claims were valid. Their appeal challenged the earlier judgment, arguing that it was flawed due to jurisdictional overreach. After thorough legal scrutiny, the Supreme Court found merit in their argument and ruled in their favour.

The legal battle also involved a cross-appeal filed by supporters of Julius Abure, who sought to challenge the decision against their leader. However, the Supreme Court dismissed this cross-appeal, declaring it unsubstantiated and lacking merit. The ruling effectively ended the legal contest over the Labour Party’s chairmanship, cementing the judiciary’s stance on non-interference in party leadership disputes.

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Bitcoin Drops to $82,000 After Trump’s Tariff Announcement

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Bitcoin experienced sharp fluctuations following President Donald Trump’s April 2 tariff announcement, initially surging to $88,000 before dropping to $82,000.

By April 3, it stabilized around $83,000, with the broader crypto market down over 4%. Major altcoins like Ethereum and Solana also declined over 6%, hitting multi-month lows.

Analysts see the tariff news as reducing market uncertainty, potentially attracting institutional investors.

Despite higher-than-expected rates, experts believe the clarity could help Bitcoin regain momentum toward $90,000. Bitcoin ETFs, led by BlackRock, recorded $218 million in inflows on April 2, reversing prior outflows.

Kraken’s Thomas Perfumo challenged the idea that institutional interest stabilizes crypto, emphasizing that volatility signals demand for a scarce asset.

Some analysts viewed the sell-off as an overreaction to trade policy concerns, highlighting Bitcoin’s resilience as a store of value.

With ETFs showing strong demand, Bitcoin’s price may stabilize and rise, though market participants remain cautious, monitoring trade policies and economic conditions.

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Clashes In South Sudan: 30 People Kill

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Violent clashes between pastoralist groups and settled farming communities have long been a challenge in South Sudan.

However, the recent outbreak of violence in the northern Ruweng Administrative Area has further heightened concerns over the nation’s fragile peace. At least 30 people lost their lives after an armed youth group launched a brutal attack on a northern South Sudanese town, according to local officials.

The incident, linked to an escalating cattle raid, saw the town briefly fall under the control of the attackers before security forces regained control.

The violence began when a group of armed youth stole lambs earlier in the week. Security forces quickly intervened, forcing the raiders to retreat. However, instead of dispersing, the group reorganised and launched a more aggressive attack on Abiemnom the following day.

Local Minister of Information, Simon Chol Mialith, confirmed that despite resistance from local youth and security personnel, the town was overrun by the Mayom armed youth. The attack led to significant casualties and destruction before security forces were able to reclaim the town.

On Wednesday, the South Sudan People’s Defence Force (SSPDF) successfully pushed the attackers out, restoring a semblance of calm. However, the scale of the destruction was already severe, with over 40 individuals injured in addition to the fatalities.

Although reports suggest that some of the deceased were members of the armed groups, official confirmation remains pending.

The attack comes at a time of growing instability in South Sudan, with tensions between forces loyal to President Salva Kiir and First Vice President Riek Machar intensifying. This political rivalry threatens to unravel the delicate 2018 peace agreement that ended the nation’s five-year civil war.

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Since gaining independence in 2011, South Sudan has struggled with continuous unrest. Despite its vast oil resources, the country remains impoverished, with conflicts like these exacerbating economic and social difficulties.

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