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Forex: Dangote repatriates $687,977m from pan-African operations

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Aliko-Dangote

Nasiru Yusuf Ibrahim

 

Management of Dangote Industries Limited (DIL), have revealed that the company has so far repatriated over USD576,008,672.41 through various banks in Nigeria, in addition to a USD$111,968,109.38 cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus saving the same amount that would have been paid by the Central Bank of Nigeria (CBN).

KANO FOCUS reports that the company revealed this in a statement released to the media, where it accused BUA Group of sponsoring fake and misleading news about its foreign exchange transactions, approved by the CBN, which were meant for its pan-African operations.

Dangote re-affirmed its determination and belief in Nigeria, noting that the present Government, of President Bola Ahmed Tinubu, has shown the will and resolve to get the economy moving again.

“We are not body-shop investors. We believe in Nigeria, and we believe in Africa. We are genuine and authentic about our investments, and we call on all relevant agencies to investigate our FX transactions in the past ten years and make public any infraction noticed or discovered.”

Insisting that all forex purchased in respect of its African Project Expansion were genuine and fully utilised for what they were meant for, Dangote revealed that the projects for which the forex was utilised are visible for everyone to see.

“It is on record that some of these projects were commissioned by Nigerian top-ranking government officials and in attendance were Chief Executives of various banks, Captains of Industries, and the Presidents of the host countries supported by their Senior Government Officials.

“The commissioning events of these projects were well documented and covered by both local and international media. There are also print and electronic copies of the commissioning ceremonies as further testimony to the judicious utilisation of the funds.”

Dangote further explained that its massive investments in Pan Africa will lead to the repatriation of forex in the very near future and boost foreign exchange earnings in Nigeria, as well as stabilise the forex Market.

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Dr Goni Faruk Umar calls on muslims to embrace taqwa in daily life

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Nasiru Yusuf Ibrahim

 

Dr Goni Faruk Umar has urged Muslims to embrace Taqwa in their daily lives, describing it as a foundation of Islam and a key to righteous conduct and success in this world and the hereafter.

 

KANO FOCUS reports that the Islamic scholar made the call while delivering a Juma’a sermon at the New Juma’a Mosque, Rumfa College, Kano.

 

In the sermon, Dr Goni Faruk Umar explained the meaning of Taqwa using classical Islamic scholarship, including an account involving Umar ibn al-Khattab and the companion Ubayy ibn Ka’b to illustrate the concept.

 

According to the account cited in the sermon, Sayyadina Ubayy once asked Khalifa Umar bin Khattab whether he had ever walked along a thorny path. When Khalifa Umar bin Khattab answered in the affirmative, Sayyadina Ubayy asked how he navigated it. Khalifa Umar bin Khattab replied that he gathered his clothes and proceeded cautiously to avoid being pricked.

 

Sayyadina Ubayy then explained that this was the essence of Taqwa: being constantly mindful of one’s actions and carefully avoiding what displeases Allah.

 

Dr Goni Faruk Umar said Taqwa should not be limited to acts of worship but should also guide Muslims’ conduct in contemporary society, particularly in their use of digital platforms and social media, control of the tongue, and relationships within the family.

 

He urged worshippers to exercise restraint in their speech, act responsibly online and uphold their obligations to family members in accordance with Islamic teachings.

 

The cleric also highlighted the spiritual and worldly benefits of Taqwa, including relief from hardship, ease in personal affairs, forgiveness of sins and increased rewards in the hereafter.

 

Quoting verses from the Qur’an, he cited Allah’s promise in Surah At-Talaq, verses 2 and 3, that whoever fears Him will be granted a way out of difficulties and provided for from sources they could not have anticipated.

 

He also referred to Qur’an 65:4–5, which promises ease in affairs, the removal of sins and the multiplication of rewards for those who maintain Taqwa.

 

The scholar reminded Muslims that worldly life is temporary and that the hereafter is their permanent destination. He therefore urged them to regard Taqwa as the best provision for the journey beyond this life.

 

Citing Qur’an 2:197, he emphasised that the best provision for the hereafter is Taqwa, urging believers to remain conscious of their responsibilities to Allah.

 

The sermon also featured prayers and salutations upon Prophet Muhammad (peace be upon him), his family and companions, in accordance with the Qur’anic instruction in Surah Al-Ahzab, verse 56.

 

Dr Goni Faruk Umar concluded by encouraging Muslims to remain steadfast in faith, follow the guidance of the Prophet and make righteousness a guiding principle in their daily lives.

 

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Dabo’s resignation triggers wave of defections from APC in Kano

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Nasiru Yusuf Ibrahim

 

Political allies and loyalists of former Managing Director of the Nigerian Ports Authority (NPA), Arc Aminu Dabo, have begun resigning from the All Progressives Congress (APC) in Kano State following his withdrawal from the ruling party.

 

KANO FOCUS reports that the supporters, operating under the political group Dabo Alheri Ne, reportedly include members across Kano State’s 44 local government areas.

 

Barely two days after Dabo announced his resignation from the APC, a prominent stakeholder of the group, Garba Zakiru Dambatta, said members had welcomed the decision and were showing solidarity by submitting their resignation letters to their respective ward party chairmen.

 

Dambatta, a former APC chairman in Dambatta Local Government Area, said the group’s members were disappointed with what they described as the prolonged marginalisation of Mr Dabo and his supporters within the party.

 

According to him, despite Mr Dabo’s contributions to the APC and efforts to strengthen the party and manage disagreements among its members, some key stakeholders had continued to sideline him and his loyalists in party activities.

 

Dambatta reaffirmed the group’s commitment to standing by Mr Dabo’s political decisions and supporting his future political journey.

 

He also urged the former NPA managing director not to succumb to political pressure or reverse his decision to leave the party.

 

“This step you have taken, we have the conviction that it is the beginning of a new chapter of goodness in your life,” Dambatta said.

 

Among the prominent members of the group identified as supporting Mr Dabo’s decision are Abba Rabee’u, a former Senior Special Assistant on Political Awareness; Almustapha Jilani Danmalam, a former Senior Special Assistant on Education; Jamilu Abdullahi Zangon-Mata, a former Senior Special Assistant on Entrepreneurship; and Fahd A. Dabo, a former Special Assistant on Youth Mobilisation.

 

The individuals reportedly served during the second term of former Kano State Governor Abdullahi Umar Ganduje.

 

The group also said several other party loyalists and supporters were backing Dabo following his resignation.

 

However, the statement did not provide the number of members who had formally resigned from the APC or indicate whether the party leadership had responded to the development.

 

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Five Kano Pillars Amputee Players Invited to Special Eagles Camp Ahead of World Cup

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Nasiru Yusuf Ibrahim

 

Five players of Kano Pillars Amputee Football Club have been invited to the national camp of Nigeria’s Special Super Eagles ahead of the 2026 Amputee Football World Cup in Mexico.

KANO FOCUS reports that invited players are Isah Yusuf, Abba Musa, Habu Friday, Emanuel Betel and Usman Ahmed. They are currently in Abuja with the national team as preparations intensify for the global tournament.

 

The Team Manager of Kano Pillars Amputee Football Team, Jamilu Uba Adamu, disclosed this in an interview with Ashiru Rabiu Gidan Tudu, Information Officer of the Kano State Sports Commission.

 

Adamu described the invitation as recognition of the players’ dedication, discipline and outstanding performances.

 

He expressed confidence that the players would represent Kano State and Nigeria with honour at the championship.

 

According to him, the call-up also demonstrates Kano Pillars’ commitment to nurturing talented amputee footballers and contributing to the development of the sport in Nigeria.

 

The 2026 Amputee Football World Cup is scheduled to take place from November 13 to 22 in San Juan de los Lagos, Mexico. A total of 24 countries, including seven African nations, are expected to participate.

 

The Executive Chairman of the Kano State Sports Commission, Muhammad Tukur Babangida, congratulated the five players on their invitation, describing it as well deserved.

 

Babangida expressed confidence that they would justify the confidence reposed in them by the national team selectors.

 

He assured the players of the commission’s continued support and urged them to remain focused, disciplined and committed to making Kano State and Nigeria proud on the international stage.

 

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