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BIG STORY

Buhari Hints At Possible Changes In Military

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President Muhammadu Buhari, on Wednesday, hinted at possible changes in the nation’s security architecture with a view to reinvigorating and re-energizing it in the ongoing fight against terrorism and violent crimes in the country.

President Buhari gave the hint when he received traditional rulers from the South-West zone of the country, led by the Ooni of Ife, Oba Adeyeye Ogunwusi, at the Presidential Villa, Abuja.

Buhari told the rulers that already he had recently directed a reshuffle in the army where Lt.-Gen. Lamidi Adeosun was promoted and deployed as the army’s Chief of Policy and Plans.

According to him, the government will continue to effect more changes in the army, where necessary, so as to boost the morale of the nation’s troops engaged in various security assignments across the country.

“I believe you are aware that there is a reshuffle in the Army, including the promotion and deployment of Lt.-Gen. Lamidi Adeosun as the Nigerian Army’s Chief of Policy and Plans.

“This is done in order to reinvigorate and re-energize our troops to do more.

“There will be further reviews where necessary for maximum performance,” he said.

The president said, as the traditional authorities in their communities, government and the security agencies would be relying on them to monitor the several different communities and people coming in and out of their areas.

“Let me be very clear about our firm resolve to change the security architecture of Nigeria.

“It is one of the top priorities for this government but we won’t be able to achieve this goal without the support and input of you, our royal fathers.

“We hope that, for instance, traditional rulers will be able to observe new entrants into the community by requesting leaders of such ethnic groups to notify the traditional authorities of new intakes, thereby creating the opportunities for the gathering of actionable intelligence which tracks such movements in and out of communities thereby offering early warning signals,” he said.

The president also assured the traditional rulers and the entire nation that his administration would enforce the law, prosecute lawbreakers and secure an atmosphere of tranquility for all Nigerians where ever they choose to live and also protect communities from all forms of crimes.

“This is both in our interests as an administration and the interests of the people who voted us into office,” he said.

Buhari maintained that the government needed security to deliver on its many programmes to the people, saying, “there can be no prosperity if there is no security.

“This is not only a message of hope but a call to action to all of us as we seek ways to secure our country.”

He warned that the Federal Government, on its part, would deal decisively with anyone caught fomenting acts of criminal activities by every means necessary.

“We intend to deal severely with those evil Nigerians inciting violence for political ends,’’ he said.

The president also outlined some of his administration’s interventions to check the activities of terrorist groups, banditry and kidnappings in the country.

He said these interventions include an “expedited commencement of community policing, a robust revamping of police intelligence gathering capacity and the significant boosting of the numbers of security personnel in our local communities.

“This in specific terms will include recruiting a lot more police officers and doing so right from their local government areas, where they will train and station them in the best practice of community policing.”

According to him, the government will equally continue to bring in the military when needed to complement the work of the police including possible deployment of troops on certain highways on a temporary basis.

He stated that the government would also encourage the use of the Air Force assets to bomb hideouts where criminals are located.

While admitting that these measures were inter-related and have to be well-coordinated, he stressed that “the speedy implementation of community policing will facilitate a more effective collection of intelligence.

“This is especially in the area of a more useful and effective intelligence-gathering process that traditional rulers will play some of the most critical roles,” he said.

Earlier, the Ooni of Ife, as well as other traditional rulers with him, had individually appraised the president with security challenges they were facing in their domains and called on him to support their efforts in addressing the issues.

(NAN)

BIG STORY

FACT CHECK: Kemi Badenoch’s Claim That Her Children Can’t Get Nigerian Citizenship Is False — Report

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Kemi Badenoch, the head of the United Kingdom’s Conservative Party, has stated that she is unable to pass on her Nigerian citizenship to her children because she is a woman.

Speaking on Sunday during an interview with CNN’s Fareed Zakaria, Badenoch attempted to highlight differences between the immigration systems of Nigeria and the United Kingdom.

She argued that Nigerians have an easier path to acquiring British citizenship compared to the difficulty foreigners face in becoming Nigerian citizens.

She said, “It’s virtually impossible, for example, to get Nigerian citizenship. I have that citizenship by virtue of my parents, I can’t give it to my children because I’m a woman.”

She added, “Yet loads of Nigerians come to the UK and stay for a relatively free period of time, acquire British citizenship. We need to stop being naive.”

Badenoch’s statement sparked widespread responses from Nigerians, many of whom questioned the accuracy of her comments.

Born in the UK to Yoruba Nigerian parents, Olukemi Adegoke was raised in Nigeria for much of her early years before returning to the UK at the age of 16.

Before relocating to the UK, she attended a private school in Lagos for her primary education, without needing a student visa due to her Nigerian citizenship.

A student visa (R7A) is typically issued to foreign nationals studying in Nigeria. Nigerian citizens are exempt from this requirement.

She later married Hamish Badenoch, a banker from Scotland, and took his surname, becoming known as Kemi Badenoch.

The couple has three children.

Verification

CableCheck reviewed Badenoch’s claims based on the provisions of the Nigerian Constitution.

Under section 25(1)(c) of the 1999 Constitution, a child born outside Nigeria qualifies as a Nigerian citizen if either parent holds Nigerian citizenship.

This indicates that having one Nigerian parent is enough for a child to be considered a Nigerian citizen by birth. Therefore, Badenoch’s children automatically qualify.

Being a citizen by birth in Nigeria means that a person is granted citizenship from birth, based on their parents’ or grandparents’ Nigerian citizenship, not just their place of birth.

Such citizenship confers all rights under the law, including free entry into Nigeria and protection under the Constitution.

Nigerian law also permits dual citizenship, with specific guidelines.

According to Section 28(1), a person born as a Nigerian citizen may hold citizenship of another country without losing Nigerian citizenship.

However, someone who becomes Nigerian by registration or naturalisation loses Nigerian citizenship if they also acquire or retain another nationality.

Importantly, the Constitution does not make any distinction based on gender when it comes to citizenship by birth.

Gender plays a role only in cases involving foreign spouses.

Section 26(2)(a) of the Constitution provides that “any woman who is or has been married to a citizen of Nigeria” can be granted Nigerian citizenship.

Men who marry Nigerian women are not automatically eligible for citizenship by registration and must instead apply through naturalisation, which has stricter requirements.

This would make it harder for Badenoch’s husband, who is Scottish, to gain Nigerian citizenship automatically. However, this limitation does not apply to their children, who have Nigerian ancestry through their mother and grandparents.

Ashleigh Plumptre: A Case Of Mixed Heritage And Citizenship

Ashleigh Plumptre, 27, is a British-Nigerian professional footballer.

She plays as a central defender for Al-Ittihad in the Saudi Premier League and for Nigeria’s women’s national team, the Super Falcons.

Her father, Tim Plumptre, is of Nigerian heritage and hails from Lagos, while her mother is English.

Prior to the 2022 Women’s Africa Cup of Nations (WAFCON), Plumptre chose to represent Nigeria, acknowledging her Nigerian roots over continuing her football career with England.

In a recent interview, Tim Plumptre said he made sure to instill cultural awareness in his daughter by encouraging her to connect with her Nigerian family, including her grandfather Harry Dotun Plumptre.

Ashleigh Plumptre is one of the 24 players representing Nigeria in the ongoing 2025 WAFCON.

Verdict

The claim by Badenoch that she is unable to pass her Nigerian citizenship to her children is incorrect. This would only be true if she had renounced her Nigerian citizenship.

 

Credit: The Cable

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BIG STORY

Muhammed Babangida Accepts BOA Chairmanship, Thanks President Tinubu

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Muhammed Babangida has officially accepted his appointment as Chairman of the Bank of Agriculture (BOA), expressing deep gratitude to President Bola Ahmed Tinubu for the trust reposed in him.

In a press statement released Monday, Babangida dismissed as false and malicious the reports circulating online suggesting he had rejected the appointment. He described such claims as a deliberate attempt to mislead the public and tarnish the image of the Tinubu administration.

“We wish to clarify that Muhammed gratefully accepts the appointment as Chairman of the Bank of Agriculture, as announced by the federal government, and extends his sincere appreciation to President Tinubu for the trust and confidence bestowed upon him,” the statement read in part.

It further assured the public that those behind the fake reports would be identified and held accountable.

“We also want to assure the public that those spreading these falsehoods will be thoroughly investigated and brought to justice. We remain committed to transparency, accountability, and fostering unity within our nation,” it added.

The statement concluded with a call for Nigerians to remain discerning and to verify information from credible sources.

Muhammed Babangida’s appointment was among several strategic appointments approved by President Tinubu to strengthen leadership across key government institutions.

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BIG STORY

TINUBUNOMICS: Nigerian Stocks Are Experiencing Their Best Run Under Any President Since 1999 — Report

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Nigerian stocks have seen an exceptional surge under President Bola Ahmed Tinubu, marking the strongest performance by the market during any civilian administration since 1999.

Based on Nairametrics analysis, the All-Share Index (ASI) has increased by 136% since Tinubu took office in May 2023.

From 55,769.28 points on May 29, 2023, the ASI has risen to approximately 131,000 points, setting a new benchmark in the history of the Nigerian capital market.

This represents the largest market growth recorded at a comparable point in any presidency since the country’s return to democracy.

For context:

During the Buhari presidency at this point in 2016, the market was up by 4.47%.

Under Goodluck Jonathan, the gain was 47% as of June 2013.

During the Yar’Adua tenure, the market had dropped by 49% during Nigeria’s most severe market crash.

The Obasanjo government had seen a 115% increase by July 2001.

Looking at market capitalization, the Nigerian Exchange (NGX) grew from around N30 trillion in May 2023 to beyond N75 trillion, adding N45 trillion in value.

Even though this growth may appear smaller when exchange rate depreciation is factored in, it still stands out against the backdrop of broader economic difficulties.

What’s driving the rally?

President Tinubu’s reform-oriented economic policies have significantly contributed to the stock market’s rise.

The government’s decisions such as removing fuel subsidies and unifying the foreign exchange rate have been critical in improving investor confidence and strengthening public finances.

Despite causing inflation and putting pressure on household incomes, these reforms have earned recognition from global financial bodies and investors for being market-friendly and essential for future growth.

Several additional factors have also boosted market performance:

The Central Bank’s bank recapitalization program has elevated bank stock values and drawn new capital into the exchange, with over N5 trillion expected to be raised by 2026.

Increased FAAC allocations after the subsidy removal have injected more liquidity into the economy.

Fewer opportunities for currency speculation have led investors to seek better yields from equities and other financial instruments.

The money supply has expanded significantly, helped by funds left over from previous administration’s Ways and Means borrowing.

High interest rates, currently at 27.5%, have also prompted more investment in stocks and bonds.

Many listed firms have posted profit increases, even as consumers face rising prices and reduced purchasing power.

Local investors in the driver’s seat
Nairametrics noted that local retail and institutional investors have been the main force behind the ongoing market rally, even though foreign investor participation has risen slightly in early 2025.

Between January and March 2025, local trades amounted to N1.418 trillion, making up 63.63% of the total N2.23 trillion market activity.

During the first two years of Tinubu’s presidency (May 2023 – May 2025), figures from NGX’s Domestic and Foreign Portfolio Report show that Nigerian investors accounted for N9.375 trillion of the N11.535 trillion total transactions, while foreign investors contributed N2.159 trillion.

This change shows growing trust among Nigerians in the stock market, especially with fewer investment alternatives available.

Sectors such as banking, agriculture, manufacturing, and oil and gas have seen significant gains, with numerous leading stocks reaching record highs.

For instance, banks added more than N7 trillion in value between 2023 and 2025, with GTCO alone rising by N2 trillion and Zenith Bank by N1.7 trillion.

In telecoms, MTN Nigeria’s market capitalization grew by over N3 trillion, while Airtel Africa gained about N1.8 trillion.

Recent listings and upcoming public offerings have also improved investor sentiment. Aradel Holdings, which joined the exchange last year, added over N2 trillion in value. Future listings like Dangote Fertilizer and a potential NNPC IPO could continue this momentum.

What next

By mid-July 2025, Nigerian equities had risen by 27.84% for the year, and analysts predict that the market could end the month with double-digit returns. If this positive trend continues throughout the year, Tinubu may be remembered as the president with the strongest stock market legacy.

However, many Nigerians still feel disconnected from the market’s gains, as they struggle with rising costs, limited job opportunities, and access to basic services.

Ultimately, public opinion may be shaped not by stock charts but by how well the average citizen fares economically.

That said, for analysts and investors, the performance data tells its own story. The Nigerian stock market is in an unprecedented bull run—and it is unfolding under the leadership of President Tinubu.

 

Credit: Nairametrics

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