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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Anxiety Mounts as INEC Chairman’s Tenure Expires Nov 9

                  Thisdaylive | October 19, 2020
                  Anxiety Mounts as INEC Chairman’s Tenure Expires Nov 9
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                  Who becomes the next chairman of the Independent National Electoral Commission (INEC) as the tenure of the incumbent, Prof. Mahmood Yakubu, expires on November 9?
                  This is one of the raging questions being asked by analysts and INEC officials as uncertainty beclouds the succession process.

                  Although Yakubu is eligible for reappointment, THISDAY learnt at the weekend from sources in the commission that his body language showed that he is lukewarm about retaining the job.

                  However, THISDAY gathered that some national commissioners are keen on stepping into the shoes of Yakubu, if not reappointed.

                  The Senate confirmed Yakubu as chairman of INEC on October 21, 2015, but he was sworn in on November 9, 2015.

                   

                  By implication, his tenure is expected to end on November 9, 2020.

                  THISDAY, however, gathered that Yakubu has bright chances of being reappointed and if it gets the president’s nod, he would be the second INEC chairman to have a second term.
                  A national commissioner in INEC confided in THISDAY at the weekend that Yakubu has not indicated any interest towards reappointment.

                  It was gathered that his stewardship could give him a head start in the succession race.

                   

                  Though a historian, he has introduced some technological innovations like the INEC election result website, an almost equivalent of online transmission of results, that has reduced tensions at election collation centres.
                  He has also been credited for conducting credible governorship elections in Edo and Ondo States.

                  However, the commission was criticised by observers for alleged poor outings in the conduct of governorship elections in Osun, Bayelsa, Kogi and Kano States.

                   

                  But despite the allegations, the courts approved most of these elections.
                  Observers are also divided on the conduct of the 2019 presidential election.
                  While some alleged that it was rigged, others described it as fair and transparent.
                  However, analysts have said that his conduct of the last presidential election, which returned President Muhammadu Buhari, increased the chances of Yakubu’s reappointment.

                  It is also not known yet how opposition political parties will react if he is reappointed.
                  THISDAY gathered that the lukewarm attitude of Yakubu towards reappointment is fuelling the ambitions of some national commissioners for the chairmanship of the commission.

                   

                  The commission is being run by the chairman; 12 national commissioners – two from each of the six geopolitical zones and 37 Resident Electoral Commissioners (RECs) who are in charge of the 36 states and the Federal Capital Territory (FCT).

                  The seven national commissioners whose tenure is not lapsing on November 9 are: Air Vice Marshal Ahmed Mu’azu (rtd), Malam Mohammed Haruna, Prof. Okechukwu Ibeanu, Mr. Abubakar Nahuche, Dr. Adekunle Ogunmola, and Mr. Festus Okoye.

                  Investigation revealed that these national commissioners are all qualified for the top job in the commission.
                  So far, Prof. Maurice Iwu is the first national commissioner to be appointed the chairman of the commission.

                   

                  Iwu was a national commissioner during the tenure of the late Ambassador Abel Guobadia.
                  However, the appointments of three national commissioners- designate by Buhari last week has narrowed down the list of contenders as some of the commissioners who could have contested may be on their way out of the commission and would be replaced by the new appointees.

                  Buhari had asked the Senate to confirm the appointment of one of his media aide, Mrs. Lauretta Onochie, and three others as national commissioners.

                   

                  Others are Prof. Mohammed Sani (Katsina), Prof. Kunle Ajayi (Ekiti), and Mr. Seidu Ahmed (Jigawa).
                  The letter was read by the President of the Senate, Dr. Ahmad Lawan, on the floor of the Senate last week.

                  With Onochie coming from Delta State, it is obvious that Mrs. May Agbamuche-Mbu, who is from Delta State, may be out of the race.
                  The appointment of Seidu Ahmad from Jigawa State has also neutralised the chances of Mrs. Amina Zakari, who is also from the state, as she may be on her way out of the commission.

                   

                  Zakari had once acted as INEC chairman after Prof. Attahiru Jega left

                  Prince Solomon Soyebi had also acted after Iwu’s tenure elapsed.

                  The tenure of four national commissioners – Dr. Antonia Okoosi-Simbine (Kogi), North-central; Mr. Shettima Arfo (Borno), North-east; Dr. Mohammed Mustafa Lecky (Edo), South-south; and Soyebi (Ogun), South-west, will also expire on November 9.

                   

                  Edo State has held the office of the national chairman of INEC twice. The Justice Ephraim Akpata died in office and was succeeded by Dr. Abel Guobadia, also from Edo State.

                  THISDAY gathered that there is a clamour that if the presidency will not reappoint Yakubu, there is the need to appoint a new chairman from the national commissioners who have the requisite experience of the workings of the commission.

                   

                  “INEC has gone far in ensuring a technological-driven commission and there is no need appointing a fresh person without experience in information technology or someone, who will be on the job learning.
                  “If Yakubu is not coming back, then a new chairman will certainly come from the south. This is to balance the sequence,” the source said.

                  He added that the appointment will show political balance as the two immediate past chairmen of INEC are from the North.

                  Jega, from Kebbi State in the North-west, was succeeded by Yakubu from Bauchi State in the North-east.

                  “Appointing a southerner is in the spirit of rotating the office of the INEC chairman between North and South and reflecting the geopolitical balancing in the country,” the source said.

                  It was also gathered that some of the outgoing national commissioners of INEC have moved out of their official quarters in Abuja.

                  The quarters were built by Jega when he was the national chairman.

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