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Nigeria economy on the rise with investment opportunities- Edun

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s economy is on the rise with great investment opportunities.

Edun said this while receiving a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, in Abuja on Thursday.

The News Agency of Nigeria (NAN) reports that the delegation visited to discuss investment opportunities and strategic partnerships.

The minister enumerated the country’s economic transformation over the past 18 months.

He listed key reforms like market-driven pricing for foreign exchange and petroleum products, increased trade through the African Continental Free Trade (AfCFTA), and stronger revenue from both oil and non-oil sectors.

Edun said that those measures had stabilised the economy, improved Gross Domestic Product (GDP) growth, and strengthened the trade balance.

“The progress we have made in stabilising the economy and driving growth is a testament to our administration’s commitment to economic reforms.

“We are eager to showcase these opportunities to investors and partners like the First Abu Dhabi Bank,” he said.

The Minister said that the government had put in efforts to boost food production and affordability, ensuring long-term economic resilience.

He said that the meeting marked a significant step in the country’s efforts to attract foreign investment and strengthen economic ties with key partners.

“This partnership with First Abu Dhabi Bank is expected to unlock new opportunities for investment, job creation, and economic development,” he said.

Tricaud commended the Minister for the country’s achievement.

He said that the partnership would yield positive result for both Nigeria and United Arab Emirates (UAE). (NAN)

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JUST IN: Court adjourns Natasha’s suit against Senate probe to March 25

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The Federal High Court in Abuja on Monday adjourned the suit filed by the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, to March 25, 2025.

The adjournment followed a submission by the respondents, who informed the court that they had not been served with the necessary documents.

Akpoti-Uduaghan had approached the Federal High Court, seeking an order restraining the Senate Committee on Ethics and Privileges from investigating her.

Treat my wife with respect, Natasha’s husband tells Akpabio
Delivering a ruling on the application on March 5, 2025, the trial judge, Justice Obiora Egwuatu, barred the committee from proceeding with the probe.

Details shortly…

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Police arrest 2 suspected gun runners in Delta, recover arms

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The Delta State Police Command has arrested two suspected gun runners and recovered a cache of firearms and ammunition.

The arrests were made during stop-and-search operations along the Warri/Benin Road and Asaba/Benin Expressway on separate dates.

On 3rd March, operatives intercepted a Toyota Camry driven by one Peter James, 55, from Akwa Ibom State.

Upon searching the vehicle, they discovered three AK-47 rifles, 2,080 rounds of 7.62mm AK-47 ammunition, and 1,040 rounds of 5.1mm ammunition.

State Police Public Relations Officer, SP Bright Edafe, who confirmed this in a statement made available to newsmen in Warri on Monday, said that the suspect was arrested near Western Delta University, Oghara, after operatives intercepted a blue Toyota Camry with registration number PHC 257 NT.

Police arrest 2 suspected gun runners in Delta, recover arms
Police arrest 2 suspected gun runners in Delta, recover arms
“The driver was asked to open the trunk of the vehicle, during which it was observed that the trunk of the said Camry, popularly known as ‘big daddy,’ was unusually small. This aroused the suspicion of the men who were convinced that the vehicle had been modified for malicious purpose.

“The policemen then proceeded and removed the seat of the vehicle, only to discover three (3) AK-47 rifles, Two Thousand and Eighty (2,080) rounds of 7.62 mm AK-47 ammunition, one thousand and forty (1,040) rounds of 51mm ammunition loaded in four boxes.

“The exhibit has been recovered, the suspect is in custody, and investigation is ongoing,” he added.
In a separate operation on 6th March, police arrested Yahuza Magaji, 69, and Abba Sani, 17, from Kaduna State, and recovered seven pump-action guns and 1,600 rounds of live cartridges.

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Edafe said that operatives attached to Dragon Patrol Team 02 arrested the suspects while on stop-and-search duty along the Asaba/Benin Expressway by the National Open University, Onicha-Ugbo.

He said that police had intercepted a navy blue Sharon space bus with registration number DKA 408 LM, driven by one Yahuza Magaji, in the company of one Abba Sani, both of Lere LGA in Kaduna State.

“They disguised as traders transporting palm oil and garri, but the police, who insisted on a thorough search of the vehicle, recovered seven (7) pump action guns, five (5) cartons containing one thousand six hundred (1,600) rounds of live cartridges concealed under the back seat of the vehicle.

“Preliminary investigation revealed that suspects bought the arms from Onitsha and were transporting them to Kaduna State. The suspects are in custody, and investigation is ongoing,” he added.

Commenting on the development, the State Commissioner of Police, CP Olufemi Abaniwonda, expressed delight that the marching orders he gave to all tactical commanders, area commanders, and DPOs to up their game were yielding results.

“We are determined to flush out all criminal elements in the state,” said CP Abaniwonda.

“I commend the effort and determination of our men for going the extra mile to detect the hidden firearms,” he said.

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Politics

Rivers Assembly Issues Arrest Warrant For Electoral Chief

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The Rivers State House of Assembly has issued a warrant for the Chairman of the Rivers State Independent Electoral Commission (RSIEC), Justice Adolphus Enebeli (rtd), to appear before it.

The Martins Amaewhule-led Assembly issued the arrest warrant on Monday during plenary, after the expiration of its 72-hour ultimatum for the electoral chief to appear before the House.

Enebeli had fixed August 9, 2025, to conduct a fresh Local Government (LG) poll in the state following a Supreme Court verdict that annulled the October 5, 2024 local government poll conducted in the state.

The Amaewhule-led Assembly had vowed to probe the conduct of Enebeli regarding the conduct of the annulled LG poll last year.

Over the weekend, Rivers State Governor, Siminalayi Fubara, invited members of the Assembly to a dialogue on the implementation the Supreme Court’s verdict.

The Supreme Court had also barred the Central Bank of Nigeria (CBN), the Accountant General of the Federation and other agencies from releasing funds to the government of Rivers State until it purges itself of what the court described as flagrant disobedience to court orders.

In the judgment delivered by Justice Emmanuel Akomaye, the five-man panel of the court had unanimously dismissed the cross-appeal filed by Fubara challenging the validity of the House of Assembly presided over by Amaewhule as the Speaker.

In dismissing Fubara’s appeal, the court ordered Amaewhule to resume sitting immediately with other elected members of the Rivers State House of Assembly.

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