Connect with us


BIG STORY

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

Published

on

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

National Assembly Suspends Plenary Till July 22 To Honour Buhari

Published

on

Legislative proceedings in the national assembly have been put on hold to pay respect to Muhammadu Buhari, the former president of Nigeria.

Buhari passed away on Sunday at a London clinic after battling a long-term illness.

The clerk of the national assembly, Kamoru Ogunlana, shared this update through a statement released on Monday.

“I am directed by the president of the senate and the speaker of the house of representatives to inform all members of the national assembly and the general public that all legislative activities are hereby suspended immediately until Tuesday, 22 July, 2025,” the statement reads.

“All members of the national assembly are urged to reschedule their engagements to enable full participation in the burial activities of the late president.”

Leaders of both legislative chambers offered their sympathies to the government and citizens of Nigeria, the administration and residents of Katsina state, as well as the late president’s wives, children, and extended relatives.

“President Muhammadu Buhari will be remembered for his commitment to Nigeria’s unity and his integrity,” the statement notes.

“May Almighty Allah grant his soul eternal rest in Aljannatul Firdaus.”

Continue Reading

BIG STORY

BUHARI: Obasa Mourns, Tasks Nigerians To Celebrate His Life And Legacy

Published

on

Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, has expressed his heartfelt condolences on the passing of former President Muhammadu Buhari, GCFR, describing it as a profound loss for both the Buhari family and the entire nation of Nigeria.

In a statement released by his Chief Press Secretary, Dave Agboola, Speaker Obasa reflected on President Buhari’s lifelong dedication and selfless service to the nation both as a military Head of State and as a two-term elected President of Nigeria.

“President Buhari served our nation with a commitment that will be remembered as a significant part of our history.
“His contributions to the development and unity of Nigeria have left an indelible mark on our country,” said Obasa.

As the nation mourns his passing, Speaker Obasa emphasised the importance of celebrating Buhari’s legacy. “While we grieve his loss, we must also honour his contributions and reflect on the values he championed throughout his time in Office,” he added.

The Speaker urged all Nigerians to take a moment to remember the life and work of President Buhari, as the country continues to strive for the ideals he represented. “Let us come together in this time of sorrow, united in our commitment to building the Nigeria he envisioned,” Obasa stated.

“Our thoughts and prayers are with his family and all who were touched by his leadership. May his soul rest in peace.”

Continue Reading

BIG STORY

VP Shettima, Gbajabiamila Depart Abuja To Accompany Buhari’s Body Back To Nigeria [PHOTOS]

Published

on

Vice President Kashim Shettima, alongside the Chief of Staff to the President, Femi Gbajabiamila, has left Abuja for London to accompany the late former President Muhammadu Buhari’s remains back to Nigeria.

It was earlier reported that Buhari, a two-term President who also once served as a military head of state passed away on Sunday evening.

Reports indicate that the former President died in London, where he had traveled a few weeks ago to receive medical treatment.

Throughout his time in office, Buhari dealt with various health issues, often traveling abroad for extended medical care.

Following his death, President Bola Tinubu instructed Shettima to head to London and bring Buhari’s body back to Nigeria.

Gbajabiamila is also joining Shettima on the trip. Both men were seen boarding the presidential jet on Sunday night in a post shared on X.

Continue Reading



 

Join Us On Facebook

Most Popular