Napoli Seals €80 Million Deal for Osimhen’s Transfer to Al Ahli

Osimhen Nominated for 2023 Best FIFA Men’s Player Award After Ballon d’Or Nomination

Italian Serie A giants Napoli have reached a decisive agreement with Saudi Arabian club Al Ahli for the transfer of Victor Osimhen.

According to football transfer expert Fabrizio Romano, the deal between the clubs is confirmed, with a total package valued at €75/80 million.

Naija News reports that the Super Eagles star striker is set to sign a lucrative four-year contract with Al Ahli, valued at around £33.6 million (€40 million) annually. This contract translates to a weekly, tax-free salary of £646,154.

Osimhen’s deal with the Saudi club also includes a release clause, and Al Ahli has already scheduled a medical examination for the player, who appears to be opting out of a potential move to Chelsea.

Romano announced on X: “BREAKING: Napoli reach total agreement with Al Ahli for Victor Osimhen! Club to club deal done for €75/80m total package, Al Ahli have already booked a medical. Four year contract worth €25/30m per season net to Osimhen + RELEASE clause. Final green light up to Victor.”

BUA Cement’s Price Reduction Plan Thwarted by Dealers, Says Chairman Abdul SamadRabiu


AbdulSamad Rabiu, the Chairman of BUA Cement, has disclosed that the company’s efforts to reduce cement prices to ₦3,500 per bag last year were frustrated by cement dealers. Speaking at BUA Cement’s 8th Annual General Meeting in Abuja, Rabiu expressed his disappointment over the failure to pass on the intended savings to consumers.

Rabiu revealed that BUA Cement had sold over a million tons of cement to dealers at the reduced price, with the expectation that they would sell it to end-users at the same rate. However, the dealers instead sold the cement at prices between ₦7,000 and ₦8,000 per bag, taking advantage of the pricing policy and making substantial profits.

The company eventually had to abandon the initiative, as external factors like the devaluation of the naira and the removal of fuel subsidies made it unsustainable. Rabiu emphasized that BUA Cement’s goal was to make cement more affordable for Nigerians, but the company could not control market prices once the product left its control.

Despite the challenges, Rabiu assured that BUA Cement remains committed to finding ways to keep cement prices manageable, even as energy costs, denominated in dollars, continue to rise.


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Dollar-Naira Exchange Rates and Rising Domestic Airfares in Nigeria: A 30th August 2024 Update


As of 30th August 2024, the exchange rate for the U.S. dollar to the Nigerian naira on the black market (parallel market) in Lagos is as follows:

  • Buying Rate: ₦1615 per dollar
  • Selling Rate: ₦1630 per dollar

Please note that these rates can vary depending on the location and the dealer. Additionally, the Central Bank of Nigeria (CBN) does not recognize the black market rates and advises individuals to conduct foreign exchange transactions through official channels like banks.

The official CBN rate for the dollar to naira is slightly lower:

  • Buying Rate: ₦1602 per dollar
  • Selling Rate: ₦1603 per dollar

Keep in mind that rates can fluctuate throughout the day.


Pharmacists Warn FG: Proposed Healthcare Reforms Could Be Counterproductive

The Association of Community Pharmacists of Nigeria (ACPN) has raised concerns about the Federal Government’s plan to introduce new regulations for healthcare facilities. The ACPN argues that these proposed reforms are unnecessary and might prove counterproductive.

In a statement from ACPN Chairman Ambrose Eze and Secretary Omokhafe Ashore, the association emphasized that the existing National Health Act of 2014, if fully implemented, could effectively address the issues of unregulated and substandard healthcare facilities. The pharmacists urged the government to focus on enforcing current laws rather than creating new regulatory bodies.

The ACPN also criticized the government’s proposal to establish a new National Health Regulatory facility, describing it as wasteful and inefficient, especially given the existing underfunding of healthcare regulatory agencies. They called on the government to reconsider its approach, highlighting the contradiction of cutting funding for existing regulatory bodies while proposing to create new ones.

NLC President Joe Ajaero Departs Police Headquarters After Statement

The National President of the Nigeria Labour Congress (NLC), Joe Ajaero, has left the headquarters of the Police Intelligence Response Team (IRT) in Abuja after completing his statement.

Ajaero arrived at the IRT headquarters, located at Old Abattoir by Guzape Junction, around 10:17 AM and exited at 11:15 AM. Though he did not speak to the media during his visit, he indicated that he would address journalists later at the NLC headquarters.

The police had summoned Ajaero to respond to allegations related to terrorism financing, cybercrime, subversion, criminal conspiracy, and treasonable felony. Although he was initially summoned on August 20, Ajaero was unable to attend and instead assured authorities of his compliance today.

Ajaero was accompanied by prominent figures including Femi Falana, SAN, Marshal Abubakar, Deji Adeyanju, and several senior NLC officials as he responded to the police invitation.

Federal Government Introduces 50% Electricity Subsidy for Public Hospitals

The Federal Government has announced a 50% subsidy on electricity for public hospitals across Nigeria, a move aimed at reducing operational costs and alleviating the financial burden on patients.

This initiative was confirmed by the Minister of State for Health and Social Welfare, Dr. Tunji Alausa, in a statement issued on Thursday. The subsidy is expected to significantly lower the energy expenses of healthcare facilities nationwide.

While speaking at the National Neo-Psychiatric Hospital in Barnawa, Kaduna, Dr. Alausa also inaugurated the Electronic Health Records system and Alternative Power Supply at the Lawal Jafaru Isah Emergency Complex. In addition, he launched a solarization project at the hospital’s dialysis unit, which includes a solar-powered borehole and a 10.2 KVA inverter with a lithium battery at the Abdulkareem Jika Yusuf COVID-19 Intervention Centre.

As part of broader healthcare reforms, Dr. Alausa announced plans to rename Federal Hospitals as Specialist Hospitals. This rebranding aims to expand the scope of care and reduce the stigma associated with certain medical facilities, allowing for a broader range of services while maintaining their core functions.

Dr. Alausa praised the work of Dr. Aishatu Yusha’u Armiyau, the Chief Medical Director of the hospital, citing the institution’s achievements as evidence of President Bola Ahmed Tinubu’s commitment to healthcare, as promised during his electoral campaign.

During his visit to the National Eye Care Centre, Dr. Alausa inaugurated the Dr. G.O Adejor Optical Showroom and the Dr. M.B Alhassan Diagnostic and Laser Unit. He also addressed the ongoing strike by Resident Doctors, which he noted was complicating efforts to secure the release of Dr. Ganiyat Popoola, a physician kidnapped from the hospital’s staff quarters. He called for patience and assured that efforts are underway to ensure her safe return.

Dr. Alausa also outlined plans to engage with Nigerian medical professionals abroad to address the ongoing migration of healthcare workers to other countries. Despite the structural challenges inherited by the current administration, he emphasized that President Tinubu is working closely with state governments to enhance Health Science Universities, aiming to increase annual health sciences enrollment from 24,000 to 100,000.

Earlier, Dr. Aminatu Abdulrahman, Acting Chief Medical Director of the National Eye Centre, highlighted the center’s longstanding commitment to providing specialized eye care, training, and research opportunities since its establishment in 1979.

Speaker Abbas Calls for Urgent Relief Efforts for Kaduna Flood Victims

Speaker of the House of Representatives, Tajudeen Abbas, has expressed his deep concern following the recent flooding in Sabon Gari Local Government Area, Kaduna State, labeling the event as a tragic disaster.

The flooding, which occurred on Monday in the Kogin Mata and Tudun Muntsira, Chikaji areas, was caused by heavy rainfall, resulting in widespread property damage and displacement of numerous residents.

In a statement issued by his media aide, Musa Krishi, on Tuesday, Abbas extended his sympathies to the affected victims, lamenting the occurrence of such a devastating event at a time when people are striving to maintain their livelihoods.

Abbas urged for immediate intervention to provide relief to those affected and called on residents to remain calm as the government undertakes efforts to ease their suffering. He specifically appealed to the National Emergency Management Agency (NEMA) and the State Emergency Management Agency (SEMA) to quickly assist the flood victims during this critical period.

Furthermore, Speaker Abbas advised residents in the affected and surrounding areas to take precautionary measures and adhere to guidance from relevant authorities regarding flood risks. He also emphasized the need for coordinated efforts to address the broader issue of flooding across the country.

NLC President Joe Ajaero Visits Police Facility Accompanied by Femi Falana


The President of the Nigeria Labour Congress (NLC), Joe Ajaero, on Thursday, 29th August, responded to a police invitation concerning allegations of terrorism financing, treason, and other charges.

Naija News reports that Ajaero arrived at the Police Intelligence Response Team (IRT) office at Old Abattoir by Guzape Junction, Abuja, accompanied by prominent human rights lawyer, Femi Falana (SAN).

They reached the Police facility around 10:20 am.

Details later…

Ohanaeze Ndigbo Demands Arrest of Woman Threatening Yoruba, Benin Communities

Ohanaeze Ndigbo, the apex Igbo socio-cultural organization, has strongly condemned a video featuring Amaka Patience Sunnberger, a Canada-based woman, who threatened to kill individuals of Yoruba and Benin descent.

In the video, Sunnberger, speaking in Pidgin English, stated, “Record me very well; it’s time to start poisoning the Yoruba and the Benin. Put poison in all your food at work. Put poison in your water, so that you all die one by one.”

In response, Ohanaeze Ndigbo called on authorities to locate and hold the woman accountable under the law. The organization, through its National Publicity Secretary, Alex Ogbonnia, expressed concern over the video, emphasizing that there is no evidence to confirm that the woman is Igbo.

Ogbonnia pointed out that the behavior exhibited in the video does not align with Igbo values, which emphasize thoughtfulness, discretion, and community harmony. He reiterated that the Igbo people have historically maintained strong cultural ties with the Yoruba and Benin communities, emphasizing their shared heritage and long-standing intermarriages.

“It becomes imperative for Ohanaeze to respond, especially since Mr. Jare Ajayi, the National Publicity Secretary of Afenifere, forwarded the clip and requested prompt action,” Ogbonnia said.

He added, “Firstly, there is no sufficient evidence that the lady in question is Igbo. Her behavior does not reflect the Igbo traits of thoughtfulness, discretion, self-censure, and equanimity. No Igbo person would contemplate throwing stones in a crowded market for fear of who might be affected.”

Ohanaeze also used this opportunity to remind the younger generations of the shared cultural and historical bonds between the Igbo, Yoruba, and Edo people, urging for unity and understanding among these communities.

NNPC Uncovers 72 Illegal Refineries in One Week

The Nigerian National Petroleum Company (NNPC) has revealed the discovery of 72 illegal crude oil refining sites over the past week. These refineries were located and dismantled in Rivers, Delta, and Abia states, according to a recent video report by the company.

Additionally, on August 18, a vessel carrying stolen Shell Petroleum Development Company flow lines was intercepted in Southern Ijaw, Bayelsa State, leading to the arrest of 12 suspects. The NNPC reported that these individuals are now under investigation.

The NNPC also recorded 46 vessel automatic identification system infractions at sea and apprehended 24 wooden boats transporting stolen crude in Rivers and Bayelsa States. On land, vehicles loaded with stolen crude were seized in Delta, Rivers, and Bayelsa.

In the week from August 17 to 23, 33 illegal oil connections were discovered, and there were eight oil spills resulting from vandalism. Twelve sites used for storing stolen and illegally refined crude were uncovered. The report noted a total of 204 oil theft incidents, with 47 in deep blue water, 10 in the western region, 100 in the central region, and 47 in the eastern region. A total of 42 suspects have been arrested in connection with these incidents.