General
Economic Confidential Wins ‘Magazine of the Year’ Award

By Dipo Olowookere
The Economic Confidential Magazine and its 247 online edition published by Image Merchants Promotion Limited (IMPR) has, in Abuja, emerged ‘Nigeria’s Magazine of the Year 2016’ for its incisive, in-depth and effective reportage of Nigeria’s economy spanning a decade.
The awards, instituted by the Abuja Newspaper Distributors Association (ANDA), is intended to recognize media houses who have within the year impacted on the lives of newspaper distributors and vendors.
Speaking at the award ceremony, President of the Abuja Newspaper Distributors Association, Comrade Joshua Orogun, said that “the Economic Confidential Magazine has carved a niche for itself and its selling-point of being the only magazine in the country that provides continuous and unbroken reportage of the monthly disbursements of funds from the Federation Accounts Allocation Committee (FAAC) in the last ten years and still counting.”
Comrade Orogun further said that apart from the incisive, in-depth and effective reportage of the nation’s economy, Economic Confidential has continued to set agenda for the government as part of efforts to get the economy out of the woods.
Mr Orogun commended the unique marketing styles of Economic Confidential in delivery to special subscribers and clienteles and the generous discounts and occasional free distributions to vendors despite the prevailing economic downturn in the country.
Receiving the award, the highly-elated Managing Director of IMPR, Hajia Sikrat Yushau Shuaib, thanked the organizers for deeming Economic Confidential fit for the awards, stressing that the development would spur the media outfit to do more, especially contributing its quota to the rejuvenation of the nation’s economy.
Other winners at the award Ceremony included Daily Trust as ‘the Newspaper of the Year,’ Leadership for Best Friendly Newspaper and Authority as Promising/Future Newspaper.
Image Merchants Promotion Limited, the publisher of the Economic Confidential had recently won the Golden World Award on Crisis Management from the International Public Relations Association (IPRA) through its PRNigeria services. It publishes the Emergency Manager’s Digest and Youth’s Digest magazines.
General
Dangote Activates Olokola Deep Seaport Plan
By Aduragbemi Omiyale
Dangote Industries Limited has commenced the initial process towards the execution of the multi‑billion-dollar maritime and industrial infrastructure project in Ogun State.
The company wants to make the Olokola Deep Seaport plan a reality. It will be on over 10,000 hectares in the Olokola Free Trade Zone, spanning the Ogun Waterside Local Government Area of Ogun State, extending eastward to the borders of the Ilaje Local Government in Ondo State along the Atlantic coastline (Gulf of Guinea).
It was gathered that the organisation has received the buy-in of host communities,
who are eager to see the project come to fruition in record time.
The project is a calculated business plan to expand into logistics, maritime infrastructure, and export-led industrialization as the Group inches toward becoming a $100 billion annual revenue business; rank among the top 100 companies globally and evolve from a regional giant into a globally recognized manufacturing and business leader transforming Africa’s industrial landscape within the next five years.
Leading a team of the management of the company to the area, the Managing Director for Infrastructure and Logistics at Dangote Industries Limited, Mr Jamil Abubakar, told the excited community leaders that the project, when completed, would transform the area and place the communities on a global pedestal.
According to him, the deep-sea port is a logistics gateway for an integrated industrial ecosystem that will strengthen Africa’s maritime trade capacity and enhance Africa’s regional commerce and logistics across the continent, with a corresponding positive impact on the whole of Africa’s development process.
It would be used to facilitate export of fertilisers, petrochemicals, and refined petroleum products; support future Liquefied Natural Gas exports and enable import of heavy equipment and industrial inputs.
“The Olokola Port project is a major step in opening up Nigeria’s economic potential, strengthening trade, reducing pressure on existing ports and supporting industrial growth.
“It will create real opportunities for host communities through jobs, business activities and long-term developments across both Ogun and Ondo states. With its strategic location, Olokola would serve as a key gateway for exports and imports, boosting Nigeria’s competitiveness in regional and global trade.
“This project reflects our commitment to building infrastructure that benefits both the people and the economy at large,” he stated.
General
Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community
By Adedapo Adesanya
The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.
The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.
The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.
Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.
She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.
According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.
Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.
She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.
To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.
Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.
However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.
General
EFCC Arrests Convicted Ex-Power Minister Saleh Mamman
By Modupe Gbadeyanka
The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).
Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.
Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.
Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.
“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.
“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.
“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.
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