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“Any fuel station owner found manipulating pump price will be shut down and we will charge the marketer N1million” – Department of Petroleum Resources

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The Department of Petroleum Resources, DPR, has said that any oil marketer found manipulating the pump price of fuel would be fined N1million and the station closed for three months.
The director of Petroleum Resources of the agency, Mordecai Ladan, stated this in an interview with the News Agency of Nigeria, in Abuja on Friday.
“Any fuel station owner found manipulating pump price will be shut down and we will charge the marketer N1million and the station will be closed for a period of three months.
“Those who under-deliver products will be charged N100,000 per pump. So, if you have six pumps, you will be charged N600,000 and the station closed down for three months.
“If you hoard products, as the minister has directed, we will dispense the product free to the public,” he said.
According to him, there was no justification for any marketer to sell above pump price and marketers found contravening the policy would be punished accordingly.
Mr. Ladan said DPR had observed that compliance by marketers was not adequate causing it to convene the meeting of field commanders to ensure full compliance by retail outlets.
He said the meeting was a follow-up to the minister’s directive to DPR to step up its surveillance activity on retail outlets throughout the country.
“We have come together to discuss and deliberate on the strategies to use on marketers to ensure compliance on the stipulated pump price.
“We are taking measures to ensure that marketers that have been allocated products really sell at the stipulated pump price,” he said.
Commenting on the level of compliance to the directive, the Kaduna Zonal Coordinator, Usuman Ndanusa, said there was total compliance in Kaduna metropolis, while efforts were being made to cover rural areas.
“We are still in the process of going round the interiors but within Kaduna metropolis, the compliance is almost 100 per cent.
“But we still have to go to places like Brini Gwari and other places where it takes two to three hours to get to.
“There are still some areas that are not complying, we have provided our mobile numbers to the public to report such cases,” he said.
He added that the agency had suspended 13 filling stations for violating the policy in the last two weeks.
(NAN)

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

 

The Ogun State Government has announced plans to deliver a 900-capacity, Artificial Intelligence-enabled digital learning complex at Remo Secondary School, Sagamu, in a move aimed at strengthening technology-based education across the state.

Governor Dapo Abiodun disclosed activities marking the institution’s 80th anniversary, noting that the proposed facility represents a deliberate investment in modern learning infrastructure designed to prepare students for a rapidly evolving, knowledge-driven global economy.

He explained that the digital classroom project complements ongoing smart-education initiatives within the school, which already features a functional resource centre and a state-of-the-art robotics laboratory established to nurture innovation, problem-solving skills, and digital competence among learners.

Reaffirming his commitment to the school’s growth, the governor announced a financial pledge of ₦100m, stating that ₦50m representing half of the amount would be released immediately to kick-start development efforts. He also assured stakeholders that at least one of the outlined projects would be fully executed before the end of his administration.

Abiodun further disclosed that the state government had upgraded the school’s science laboratories, equipping them with modern facilities and teaching tools to ensure safer and more effective practical learning experiences for students.

He added that renovation works had also been completed on both the male and female hostels to improve accommodation standards, enhance security, and promote the overall well-being of boarding students.

Describing Remo Secondary School as a symbol of enduring heritage, the governor said the anniversary celebration went beyond mere commemoration of years of existence, emphasising the institution’s long-standing role in shaping generations of leaders and professionals.

He praised members of the old students’ association for their unwavering support and contributions to the school’s development, stressing that their collective efforts demonstrate a shared commitment to sustaining its legacy of excellence.

According to him, the projects and improvements carried out at the school reflect a strong belief in education as a foundation for future growth, as well as the power of collaboration between government, alumni, and the wider community.

Abiodun also revealed that the institution had been recognised as one of Ogun State’s model schools, urging students to remain focused on their academic pursuits, uphold strong moral values, and continue the tradition of excellence for which the school is known.

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BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026

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BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026

Cape Town, South Africa

 

Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu CFR CON, has called for a decisive shift in Africa’s development strategy, urging governments, financiers, and the private sector to move the continent from raw material extraction to large scale industrial processing and value addition.

Rabiu made the remarks as Special Guest of Honour at an Africa Finance Corporation forum during Mining Indaba 2026, where African leaders, policymakers, financiers, and industry executives gathered to discuss the future of mining, industrialisation, and real sector development on the continent.

Commending AFC for its role in mobilising long term capital for Africa’s industrial sectors, Rabiu noted that the institution’s leadership and recent S&P Global rating with a positive outlook underscored the importance of strong development finance institutions in shaping Africa’s growth trajectory.

Drawing from BUA Group’s experience, he recounted the company’s decision over sixteen years ago to transition from cement importation to local production in Nigeria, despite the capital intensity and long gestation periods associated with mining and heavy industry.

“At the time, Nigeria was importing cement despite being richly endowed with limestone,” Rabiu said. “We were spending more time chasing foreign exchange than selling cement. The real question was not whether the resources existed, but whether there was enough conviction to stop importing and start producing locally.”

Today, he noted, BUA mines and processes about forty thousand tonnes of limestone daily, producing roughly one million tonnes of cement every month. That shift has helped Nigeria move from being a cement importer to a net exporter, saving the country billions of dollars in foreign exchange annually.

Rabiu stressed that such transformation would not have been possible without patient, long term financing from DFIs, particularly the Africa Finance Corporation, which has supported BUA’s cement and industrial operations with over four hundred million dollars in financing.

He added that a significant portion of those facilities has already been repaid, demonstrating that well structured African industrial projects are not only developmental but also commercially viable and recyclable.

Turning to the broader continental picture, Rabiu highlighted what he described as a structural paradox: Africa remains one of the world’s most resource rich regions, yet exports the bulk of its minerals and agricultural produce in raw or minimally processed form.

 

He cited examples across gold, cobalt, copper, iron ore, diamonds, and cocoa, noting that while Africa supplies much of the world’s raw inputs, it captures only a fraction of the value created downstream.

“Africa does not lack resources,” he said. “What it lacks is processing capacity, industrial scale, and disciplined execution.”

He argued that the same challenge extends beyond mining into agriculture, where Africa holds a majority of the world’s arable land yet continues to import billions of dollars’ worth of food annually.

Rabiu called for coordinated action among governments, DFIs, and the private sector, urging DFIs to scale long term financing targeted at beneficiation and industrial value chains, while governments adopt deliberate policies that incentivise local processing and invest in power, transport, and industrial infrastructure.

“Industrialisation does not happen by accident,” he said. “Countries that industrialised did so by design, not by chance. Africa must do the same.”

He concluded by stressing that Africa’s opportunity lies in aligning private enterprise, patient capital, and supportive policy to move the continent from extraction to transformation, and from potential to shared prosperity.

 

BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026
Cape Town, South Africa

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Adron Homes Celebrates 14 Years of Excellence, Reaffirms Commitment to Affordable Housing and Sustainable Communities

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Adron Homes Celebrates 14 Years of Excellence, Reaffirms Commitment to Affordable Housing and Sustainable Communities

 

 

Adron Homes and Properties Limited, a leading player in Nigeria’s real estate industry, proudly celebrates its 14th Anniversary, marking over a decade of transformative impact in affordable housing delivery, sustainable community development, and structured urban growth across the country.

 

Over the last fourteen years, Adron Homes has evolved into a nationally recognised real estate powerhouse, delivering over 60 livable estates and communities across Nigeria and enabling more than 100,000 Nigerians to achieve their property ownership dreams. With strategic developments spanning Ibeju Lekki, Lekki-Epe, Badagry, Shimawa, Papalanto, Sagamu, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, Niger State, and other emerging urban corridors, the company continues to reshape access to land and housing through affordability, innovation, and long-term planning.

 

Speaking on the milestone, the Chairman/CEO of Adron Group, Aare Adetola Emmanuelking, described the anniversary as a celebration of vision, resilience, and unwavering commitment to empowering Nigerians through property ownership.

 

“Fourteen years ago, we set out with a clear vision to make property ownership accessible and achievable for every hardworking Nigerian. Today, we celebrate not only the growth of Adron Homes but the countless families whose dreams have become reality through our communities. Our journey has always been about impact, empowerment, and building environments where people can truly thrive.”

 

Highlighting the company’s philosophy of developing structured environments rather than just selling land, the Chairman emphasised Adron Homes’ focus on sustainable urban planning and community building.

 

“At Adron Homes, we build cities, not just estates. Each development reflects thoughtful planning, infrastructure, accessibility, and a long-term vision for modern living. As Nigeria continues to urbanise rapidly, our mission is to ensure that growth is inclusive, structured, and sustainable.”

 

Aare Adetola Emmanuelking also acknowledged the role of customers, staff, stakeholders, and media partners in the company’s sustained growth and national relevance.

 

“This milestone is a testament to the trust of our customers, the dedication of our workforce, and the unwavering support of our partners and stakeholders. Together, we have demonstrated that affordable housing can be delivered with quality, innovation, and integrity.”

 

Looking ahead, Adron Homes reaffirmed its commitment to expanding mass housing solutions, embracing technology-driven real estate innovations, and strengthening partnerships that contribute to Nigeria’s economic development and housing accessibility.

 

“The future of Adron Homes is defined by innovation, expansion, and deeper community impact. We remain committed to democratizing property ownership, building sustainable communities, and shaping the future of real estate in Nigeria for generations to come.”

 

As Adron Homes marks 14 years of excellence and national impact, the company continues to position itself as a catalyst for structured urban development and a trusted partner in the realization of property dreams across Nigeria.

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