NEWS
Popoola elected ASEA executive committee member
The Nigerian Exchange Limited (NGX) has announced that its Chief Executive Officer, Temi Popoola, has been elected to the Executive Committee of the African Securities Exchanges Association (ASEA).
This was contained in a statement electronically transmitted to Biztellers on Thursday, in which it averred that Popoola’s election was at ASEA’s Annual General Meeting and Conference in Abidjan, Cote D’Ivoire on December 7, 2022.
Part of the statement read: “ASEA, the continent’s prime association of securities exchanges was established in 1993 with the mandate to develop its members’ markets, promote the capital market business and provide a platform for networking.
“At the association’s Annual General Meeting and Conference in Abidjan, Cote D’ Ivoire on 7 December 2022, Popoola was elected into the executive committee in a process that saw the Chief Executive Officer of the Botswana Stock Exchange, Thapelo Tsheole and the Chief Executive Officer of the Rwanda Stock Exchange, Pierre Celestine Rwabukumba also elected as President and Vice President of ASEA respectively.
“Popoola appreciated the representatives of the member exchanges for their confidence in selecting the committee members and thanked the immediate past president, Dr Edoh Kossi Amenounve for his service to the association.”
The statement quoted Popoola thus: “I also appreciate the Group Chief Executive Officer of Nigerian Exchange Group Plc, Mr Oscar N. Onyema OON for his support during my election to the committee and his efforts on ASEA’s initiatives during his time as leader of the association.
“As the president of ASEA between 2014 and 2018, he championed the initiation and development of the African Exchanges Linkage project which is now being officially launched and will aid the pooling of liquidity across exchanges on the continent.
Popoola added, “ASEA as the premier association of securities exchanges in Africa is tasked with the duties of promoting the capital markets of its members at the global level and foster capital inflows into Africa capital markets. At NGX, we will continue to collaborate with other ASEA members on the development of our markets, intelligence and data sharing, and join in advocacy efforts.
“I am confident that the committee will continue to advance the pan-African agenda, enhance sustainability and capital mobilisation efforts and drive continent-wide financial inclusion for the development of our continent.”
NEWS
JUST IN: Wike Renders PDP Homeless In Abuja

In what political watchers perceive as part of efforts to discomfit and scatter the Peoples Democratic Party (PDP) on the feeling that its National Working Committee (NWC) antagonises him, the Minister of Federal Capital Territory, Nyesom Wike, has revoked the rights to occupy the land on which the party’s national secretariat, Abuja is sited.
Biztelers reports that Wike’s revocation notice was conveyed in a letter released in Abuja on Tuesday, dated March 13, 2025.
The letter was titled, “Notice of right of occupancy with file no: MISC 81346 in respect of plot no: 243 within central area district, Abuja.”
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The letter was signed by the Director, Land Administration (FTC), Chijioke Nwankwoeze.
Wike, it was gathered predicated his action on the PDP’s failure to pay the annual ground rents due on the property for twenty (20) years, from January 1, 2006, to January 1, 2025.
The negligence on the part of the opposition party, the letter claimed was despite many publications in several national dailies and electronic media to pay up every outstanding bill and ground rent on its property.
The letter read, “I have been directed to refer to the above Right of Occupancy granted to PEOPLES DEMOCRATIC PARTY (PDP), NATIONAL SECRETARIAT and inform you that the Minister of Federal Capital Territory has in the exercise of powers conferred on him under the Land Use Act No. 6 of 1978, Cap. L5, Laws of the Federation of Nigeria 2004, revoked your rights, interests and privileges over Plot No. 243 within Central Area, Cadastral Zone A00, Abuja.
“The revocation is in view of your continued contravention of the terms and conditions of grant of the Right of Occupancy by failing to pay the annual ground rents due on the property for twenty (20) years, from Ist of January 2006 to 1st of January 2025. This is despite the many publications made by the FCT Administration since 2023 in several national dailies and on electronic media requesting all allottees of plots in the Federal Capital Territory to pay up every outstanding bill and ground rent on their property.
“You would please note that the said breaches by PEOPLES DEMOCRATIC PARTY (PDP), NATIONAL SECRETARIAT (MISC 81346) run contrary to the provisions of Section 28, Subsection 5 (a) and (b) of the Land Use Act.”
There are palpable fears that the PDP’s national secretariat might be demolished or vandalised, sooner than later because Wike added that the FCTA administration would take immediate possession of the party secretariat until all bills are settled.
NEWS
Explosion Hits Trans-Niger Oil Pipeline In Rivers

A massive explosion has rocked the Trans-Niger Pipeline at Bodo, Gokana Local Government Area of Rivers State, sending plumes of fire and smoke into the sky.
The incident, which occurred on Monday night, has left a section of the major crude oil transport pipeline in flames, though the exact cause of the explosion remains unknown.
READ ALSO: Niger Delta Youths Threaten Oil Shutdown Over Rivers Crisis
Authorities have yet to determine whether the explosion was due to sabotage, equipment failure, or other factors.
However, concerns have been raised over possible human interference, particularly in light of recent threats by militant groups to attack oil infrastructure.
The threats were issued as a response to the Federal Government’s decision to withhold Rivers State’s allocation amid the ongoing political crisis in the region.
More to follow………
NEWS
Osun Issues Guidelines For Tractor Operations

With the commencement of the rainy season, the Osun State Government has issued modalities for the operations of tractors across farmlands in Osun State.
The state’s Commissioner for Agriculture, Hon Tola Faseru, according to a government house statement on Monday in Osogbo, confirmed the development.
Faseru said interested farmers should reach out to the Permanent Secretary of the Ministry or the General Manager of Osun State Agricultural Development Corporation (OSSADEC) through virtual or physical applications.
He noted that the government was subsidizing the operational rate per acre to lower the cost of farm operations, explaining further that the tractors will be domiciled at the OSSADEC farm centre located across the state.
ALSO READ: Edo Considers Arresting Sponsors Of Armed PDP Thugs
Faseru pointed out that some of the tractors were already in operation in some farmlands, and noted that the ministry was working to set up technical centres at designated locations for maintenance of the tractors.
He narrated further that tractor drivers are being assembled, trained and retrained for seamless operation even as he explained that the administration adopted a public private partnership approach for the management of the tractors.
“We are happy to inform the public that the tractors are out for the rainy season. We are conscious of the question of sustainability, hence the careful approach to inject private sector practices.
“In 14 or so years, this is the first time Osun is having new fleet of tractors. We have learnt from what caused the failure of the past efforts. We won’t repeat the same mistakes.
“We know we are not there yet. But Governor Adeleke has blazed the trail by procuring the first set of tractors. We innovated also because of ongoing issues at the local government level.
“We don’t want it to be managed in unsustainable manner. Hence, Mr Governor insisted the tractors be managed like a business although with public subsidy”, the Commissioner posited.
He stated that the ministry is reaching out to stakeholders among the farming community to ensure accelerated access for users within the state.