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Otedola Hails Tinubu For Resolving UAE Visa Ban, Says “It’ll Transform Stock Exchange”

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Femi Otedola, Nigerian billionaire business magnet, has applauded President Bola Tinubu for resolving the United Arab Emirates (UAE) visa ban on Nigerians.

Recall that Ajuri Ngelale, the presidential spokesperson, on Monday, announced that Etihad Airlines and Emirates Airlines would resume flight schedules into and out of Nigeria “without any further delay”.

Ngelale made the announcement after Tinubu met with Mohamed bin Zayed Al Nahyan, UAE president, in Abu Dhabi.

Since 2021, UAE and Nigeria have been engaging in a diplomatic row over issues involving flight allocations and travel bans.

While commenting on the efforts by Tinubu to resolve the impasse between Nigeria and UAE, Otedola said the resolution of the dispute proved the president’s strong leadership qualities.

“We must all commend Mr President for his shrewd diplomacy to finally resolve this matter,”  Otedola said in a statement.

“Only a leader who understands the importance of business would appreciate the enormous opportunities to be derived from restoring business relations between both countries.”

The chairperson of Geregu Power Plc said Nigeria had failed to attract investments owing to the diplomatic strains, adding that the visa ban reversal will improve Nigeria’s stock exchange.

“One of the understated benefits of this announcement is its potential ability to transform the stock exchange,” the statement reads.

“Middle Eastern investors remain one of the most liquid across the globe and it has been a shame that outside of a few investments in Dangote Cement and Ecobank Transnational Incorporated, Nigeria has not been able to attract capital from those regions.”

“Indeed, Asiwaju has demonstrated leadership and the difference in style is like night and day. Tinubu is leading from the front and his economic diplomacy which we pray he sustains, is going to drastically change the image of the country, unlock foreign investments into the country and improve Nigeria’s perception internationally.

“We must all join hands to support this administration and we must all start seeing things beyond our differences. Nigeria badly needs foreign exchange and this move by the President will help improve forex inflows into the country. It is worthy of commendation.”

Otedola also applauded the president’s recent economic decisions.

He said the hardship that Nigerians are facing at the moment is temporary, assuring that the policies of Tinubu’s administration will soon yield results.

“It must be pointed out that his bold policies since assuming office, are the hallmark of a true leader who is not afraid or shy to take actions as long as such actions are in the national interest,” Otedola said.

“Without a doubt, the current hardship will ease once these policies begin to bear fruits. I firmly believe the right measures are being taken and we are headed in the right direction.

“Asiwaju Tinubu is working, Nigeria will work. I advise my fellow countrymen and women to be patient.

“With Asiwaju’s policies, Nigeria will fully recover in a few years. We are witnessing the storm before the calm.

“Now, the storm is blowing away. I am certain, very soon, we’ll begin to experience the inevitable calm and the progress that will naturally follow in a very short while.”

BIG STORY

JUST IN: Rivers Assembly Resumes Sitting After Six-Month Suspension

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The Rivers State House of Assembly has reconvened after the expiration of a six-month emergency rule declared in the state by President Bola Tinubu.

Tinubu lifted the emergency rule on September 17, directing Governor Siminalayi Fubara, his deputy Ngozi Odu, and members of the assembly to resume their official duties on September 18.

Thursday’s plenary session was presided over by Speaker Martins Amaewhule and held at the conference hall within the assembly quarters in Port Harcourt, the state capital.

Since the assembly chamber at the Moscow Road complex was razed and later demolished by the state government, lawmakers have been using the conference hall as their temporary chamber.

The reconstruction of the assembly complex, which was overseen by the outgone sole administrator, Ibok-Ete Ibas, could not be completed before his exit.

On March 18, Tinubu had declared emergency rule in Rivers State following a protracted political crisis triggered by the rift between Governor Fubara and the Minister of the Federal Capital Territory, Nyesom Wike.

More to come…

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BIG STORY

BREAKING: Six More Deaths Confirmed In Afriland Towers Fire

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At least six more people have been confirmed dead following the fire outbreak at Afriland Towers, a six-storey commercial complex located on Broad Street, Lagos Island.

The latest victims were employees of United Capital, an investment and financial services company that occupied the third and fourth floors of the building.

The confirmation comes only hours after the Federal Inland Revenue Service (FIRS) announced the deaths of four of its staff members in the same incident on Wednesday evening.

The fire, which reportedly broke out in the inverter room at the basement around 1:30 p.m. on Tuesday, generated thick smoke and caused widespread panic among occupants. Witnesses said some individuals attempted to escape through windows as emergency teams fought to contain the blaze.

Operatives of the Federal Fire Service, Lagos State Fire and Rescue Service, and other first responders evacuated at least nine people from the tower. Five of them were resuscitated, while four remained unconscious at the time.

“A total of nine victims have been rescued. Five individuals have been resuscitated. Several others escaped unhurt, while efforts are ongoing to revive the remaining four,” the Lagos State Fire and Rescue Service said in an earlier update, raising fears of possible casualties.

In an official statement released on Thursday morning, United Capital confirmed that six of its staff had died in the incident. The new figure brings the total number of confirmed deaths from the Afriland Towers fire to 10.

“It is with profound grief that the Management and Staff of United Capital Plc announce the passing of six of our dear colleagues, following the tragic fire at Afriland Towers on Tuesday, September 16, 2025.

“Our departed colleagues were an integral part of our company and family. Their painful loss leaves an immeasurable void. We extend our deepest and heartfelt condolences to their families, friends, and loved ones, and we continue to hold them in our thoughts and prayers, as well as provide all the support we can to them during this most difficult time.

“We are making preparations for an appropriate memorial service to honour their lives and mark their passing with dignity and solemnity. We thank the emergency services and all those who responded for their valiant assistance at the time of the incident.

“In this moment of untold grief, we stand together in solidarity, drawing strength from one another as we navigate this period. May the souls of the departed rest in peace,” the company stated.

Authorities earlier confirmed that several occupants were rescued from the inferno, which was suspected to have been triggered by an inverter explosion. However, no official casualty figure has yet been issued.

Efforts to obtain confirmation from the Lagos State Fire and Rescue Service, the National Emergency Management Agency (NEMA), and the Lagos State Emergency Management Agency (LASEMA) were unsuccessful as of press time.

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NAF Airstrikes Kill Scores Of Terrorists, Destroy Hideout In Borno

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The Nigerian Air Force (NAF) says recent air interdictions carried out by the Air Component of Operation Hadin Kai have killed several terrorists and destroyed their hideout in Borno State.

This was disclosed in a statement issued on Thursday in Abuja by the Director of Public Relations and Information, NAF, Air Commodore Ehimen Ejodame.

Ejodame explained that the airstrikes took place on Wednesday at about 10:50 a.m. in the Bula Madibale and Gezuwa general areas of the state.

He said intelligence and surveillance had earlier confirmed unusual activity at the location, where about 45 terrorists were seen gathering, with some arriving on motorcycles and bicycles from different directions.

According to him, reconnaissance also showed two terrorist flags raised at the site, indicating it was being used as a stronghold and rallying point for insurgents.

“Acting on this credible intelligence, the Air Component launched precision strikes, eliminating several terrorists, while the flagged structure and other hostile assets were destroyed,” he said.

Ejodame added that the operation disrupted the insurgents’ ability to regroup, reinforce, or launch fresh attacks on communities in the North-East.

He reaffirmed that the Armed Forces remain committed to restoring peace and stability in the region.

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