Investogist
No Result
View All Result
Saturday, April 4, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Neimeth Shareholders Approves Scheme of Arrangement

    Neimeth Shareholders Approves Scheme of Arrangement

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Transcorp Power Plc Amends 2025 Dividend Timetable and AGM Date

    GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

    GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

    UAC of Nigeria Proposes ₦1.00 Final Dividend

    UAC of Nigeria Proposes ₦1.00 Final Dividend

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Gets SEC Approval for ₦5.8 Billion Rights Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Neimeth Shareholders Approves Scheme of Arrangement

    Neimeth Shareholders Approves Scheme of Arrangement

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Transcorp Power Plc Amends 2025 Dividend Timetable and AGM Date

    GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

    GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

    UAC of Nigeria Proposes ₦1.00 Final Dividend

    UAC of Nigeria Proposes ₦1.00 Final Dividend

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Gets SEC Approval for ₦5.8 Billion Rights Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

The truth about Okada Ban in Anambra State

Saturday, 27 August 2022, 8:41 am
in News, Nigeria
0
The truth about Okada Ban in Anambra State
Share Share Share Share Send as Email

Following the confusion trailing the ban on commercial motorcycles in Anambra State, the Commissioner for Information, Sir Paul Nwosu has moved to make clarifications on the true state of the ban.

Sir Paul Nwosu made the clarifications on Friday, 26th August via a statement on a Facebook page of the state’s Ministry of Information.

Read also; Trapped Funds: CBN releases $265m to Airlines

The statement titled “Clarifications on the Ban of Commercial Motorcycles” reads in full;

In view of the seeming confusion trailing government’s reiteration of the ban on commercial motorcycles (locally called “Okada”), it has become necessary to make the following clarification:

1. The banning of commercial motorcycles operation in Anambra State predates the current administration of Governor Soludo. What this government has simply done is to restate that the ban is still in force. Reasons the previous administration gave for the ban was to curb the increasing crime rates as it was easier for Okada, unlike cars, to meander through traffic go-slows and gridlocks, and escape. And this happens more in our bustling urban centres where unsuspecting shoppers, traders and some members of the public are swiftly dispossessed of their hand bags, wallets, phones, etc.

Secondly, commercial motorcyclists, in their frenzy to deliver the agreed sums of money to their owners, recklessly disregard traffic rules and shun the use of basic protective gear like the crash helmet.

Every government has a responsibility to protect lives and property, and what this administration only did was to remind Ndi Anambra that the ban on commercial motorcycles is still in force in our major cities but not the adjoining rural communities where commuter buses don’t ply.

2. The cities that are specifically affected by the ban are Awka and Onitsha. Nnewi is an exception because of the predominance of private motorcycle owners who personally ride to their offices, shops, schools, markets, etc. However, they should wear crash helmets to protect themselves in the event of an accident. It is important to stress that the wearing of helmet is not only applicable in Nnewi, but also other suburban areas where commercial motorcycles are not banned.

3. Companies whose businesses have to do with courier services, dispatch services, and home deliveries must register with the Ministry of transport and have their riders properly kitted up with helmets.

4. Commercial motorcycles can operate in suburban and rural areas. A plan is underway to enumerate and brand them to determine who is a genuine commercial motorcyclist.

5. There are confirmed reports that some Policemen have indiscriminately been arresting riders and impounding their Okada. Police should concentrate their efforts on the two major urban areas affected by the ban and ensure that others that are not banned wear their helmets.

Signed
SIR PAUL NWOSU
Commissioner for Information

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Okada,
    Lagos govt extends Okada ban to four more LGAs
  • Okada Ban 2
    FG discusses nationwide Okada ban as an approach to…
  • Wike
    Nigerians will soon know the "actual truth" about…
  • Dogara - Wike
    Dogara slams Wike, threatens to spill ‘the truth’
Previous Post

Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

Next Post

For a better Naija, OBIdients defy the rain to March for Peter Obi in Port Harcourt

Next Post
For a better Naija, OBIdients defy the rain to March for Peter Obi in Port Harcourt

For a better Naija, OBIdients defy the rain to March for Peter Obi in Port Harcourt

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Lafarge Africa Plc holds emergency board meeting over Ghana Investment

Lafarge Africa Plc holds emergency board meeting over Ghana Investment

Bitcoin fell below $32,000 on ‘double-spend’ report and possible ‘curtail’ by U.S lawmakers

Bitcoin falls to lowest in over a week amid China pressure and possible US policy change

CBN to refund capital deposits and licensing fees to BDC promoters with pending applications

CBN selects Bitt Inc as technical partner for eNaira

Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

Neimeth Shareholders Approves Scheme of Arrangement

Neimeth Shareholders Approves Scheme of Arrangement

Binance Announces $400 Million Recovery Initiative After Crypto Crash

Transcorp Power Plc Amends 2025 Dividend Timetable and AGM Date

GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

GTCO Announces Final Dividend of ₦11.76, Lifting Total Payout to ₦12.76 for FY 2025

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved