Nigeria’s main opposition party, Peoples Democratic Party (PDP), says its elected members can vie for the positions of Senate President and Speaker of the House of Representatives ‘if need be.’ The party made this known in reaction to comments by national chairman of the ruling All Progressive Congress (APC), Adams Oshiomhole, that his party would not share power with the opposition in the 9th National Assembly.
Former Senate leader Ali Ndume has condemned the endorsement of Senator Ahmed Lawan for the position of Senate President in the ninth National Assembly. Concise News understands that Lawan was endorsed by the Adams Oshiomhole-led leadership of the party on Monday. Ndume, who addressed journalists in Abuja on Tuesday, said the choice of Lawan was an unpopular decision.
The All Progressives Congress (APC) has rejected the March 28 date set by the Independent National Electoral Commission (INEC) for the supplementary governorship election in Adamawa state. Organising secretary of the party in the state Ahmed Lawal said the electoral body did not consult the party before fixing the new date.
President Muhammadu Buhari says those responsible for professional negligence with regard to building collapse “will feel the full wrath of the law.” The Nigerian leader was speaking against the backdrop of recent incidents of building collapse in the state of Lagos, southwest Nigeria.
Nigeria’s electoral body, Independent National Electoral Commission (INEC), Tuesday suspended the issuance of Certificates of Return to winners of the March 9 governorship and House of Assembly elections in Zamfara. INEC said it suspended the issuance of certificates due to a judgment of the Court of Appeal in Sokoto on Monday. The judgment set aside the ruling of a Zamfara High Court that allowed the APC to field candidates for the March 9 elections in Zamfara.
Socio-Economic Rights and Accountability Project (SERAP) has labelled the police as the most corrupt institution in the country, with the power sector identified as the second most corrupt institution. The group made this known in a public survey launched and released in Lagos on Tuesday, March 26. SERAP added that other public institutions identified as corrupt by 70% of Nigerians surveyed are the judiciary, education and health ministries.
The number of registered companies in Nigeria is 3,098,193, the agency in charge of registration of firms in the country, Corporate Affairs Commission (CAC), said Tuesday. According to the commission, these companies were registered in Part A, B and C categories from the inception of the CAC in 1990 to March 21, 2019.
Plans to increase Nigeria’s national grid by 700 megawatts (MW) may be taking shape as Chairman of Transcorp Nigeria Plc Tony Elumelu has pledged to invest $2.5 billion in power projects across the nation. According to Bloomberg, Elumelu revealed that investments in the power sector would be made through Transcorp Power Ltd, a subsidiary company. Concise News reports that although a time frame was not given, Elumelu said the company was ready to “spend a lot of money” on the 987MW capacity Afam Power Plant which is up for privatisation.
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced the Monetary Policy Rate (MPR) by 50 basis points to 13.50 per cent from 14 per cent. Concise News understands that this is the first time the MPR will be reduced since July 2016.
Paul Onuachu has announced his arrival in the Super Eagles with an early goal, which proved to be the match-winner in Tuesday’s friendly against Egypt in Asaba, Delta State. Concise News reports that Onuachu fired home after just 35 seconds when he latched on to a long, searching ball from the Eagles half before he controlled it and then smashed home.