General
Sierra Leone’s President Maada Bio Replaces Tinubu as ECOWAS Chairman
By Modupe Gbadeyanka
The President of Sierra Leone, Mr Maada Bio, has been elected as the new chairman of the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, replacing President Bola Tinubu of Nigeria after his two-term tenure.
Mr Bio took over the leadership of the group at the ECOWAS Authority’s 67th Ordinary Session held in Abuja on Sunday.
In his acceptance speech, he promised to lead a renewed, people-centred, and action-oriented ECOWAS in the face of unprecedented challenges and opportunities for the West African region.
President Bio said his leadership would focus on restoring constitutional order and deepening democracy, revitalising regional security cooperation, unlocking economic integration, and building institutional credibility.
“We must engage transitional governments constructively and support member states in building stronger democratic institutions rooted in the rule of law.
“We must overhaul our collective security architecture—from intelligence sharing to rapid response capabilities—to confront new threats with unity and resolve.
“The ECOWAS Trade Liberalisation Scheme, regional infrastructure, and cross-border value chains must become engines of job creation, trade, and resilience, especially for our women and youth.
“ECOWAS must reform itself to become more transparent, efficient, and responsive to the needs of its people. This is how we will rebuild trust in regional cooperation,” he said.
Mr Bio commended Mr Tinubu for laying a solid foundation of regional dialogue, economic recovery, and peacebuilding, saying, “I am humbled to build upon the strong foundation you have established.”
Acknowledging the complexities of the current moment, the Sierra Leonean leader noted that West Africa stands at a crossroads, grappling with terrorism, illicit arms flow, political instability, and transnational crime, particularly in the Sahel and coastal states.
“The democratic space is under strain in parts of our region. In some countries, the constitutional order has been disrupted. Yet, across West Africa, citizens—especially our youth—are demanding not just elections, but also accountability, transparency, and a fair stake in national life,” the Sierra Leonean leader said.
On his part, President Tinubu described it as a profound honour and privilege to have led the esteemed body, adding that he remained deeply humbled by the trust and support extended to him throughout his two-term tenure.
“As I now hand over the mantle of leadership to my great friend and dear brother, President Bio of Sierra Leone, the new Chairman of the ECOWAS Authority of Heads of State and Government, I do so with a deep sense of fulfilment and optimism for the future of West Africa.
“I remain confident that with the continued cooperation of all its members, ECOWAS will scale greater heights in our collective pursuit of peace, security, stability, and prosperity for our people and our region,” he said.
Reflecting on his tenure, President Tinubu noted the complex political and security challenges the region has faced in recent years while calling on leaders to remain committed to the evolving needs of West African citizens.
“Let us deepen cooperation, uphold diplomatic principles, and foster inclusive growth that leaves no one behind—especially our youth, women, and vulnerable populations, who remain central to the future of our region,” he said.
President Tinubu emphasised the need to preserve democratic values and ensure that political stability is not separated from economic development.
“Our organisation must continue to strike a fine balance between its core regional mandate of economic integration and the complex political, security, and governance challenges, including the preservation of democratic values in our region.”
“Economic integration cannot be superimposed on an untenable political environment. That is why we must remain steadfast in our resolve to rise to these emerging challenges,” the Nigerian leader declared.
He commended the ECOWAS Commission, community institutions, and technical staff for their dedication and professionalism in supporting the Authority’s work and organising a successful summit, reaffirming his commitment to the region’s shared mission and urged continued unity among member states.
“As you return to your respective countries, let us remain resolute in our shared mission to deepen our integration, protect our people, and build a prosperous, secure, and united West Africa,” he said.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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