27 Pro-Wike Rivers Assembly Lawmakers Defect to APC

Image

By Modupe Gbadeyanka

The 27 lawmakers of the Rivers State House of Assembly loyal to the Minister of FCT, Mr Nyesom Wike, have defected to the All Progressives Congress (APC).

The legislators won elections into the state parliament in 2023 through the Peoples Democratic Party (PDP).

However, following a political crisis between Governor Sim Fubara and his predecessor, Mr Wike, the 27 lawmakers attempted to impeach the Governor, which was botched.

President Bola Tinubu had to intervene in the matter and asked Mr Wike and Mr Fubara to maintain peace.

Last week, a video of the Minister singing the popular allegiance song of Mr Tinubu, On your mandate we shall stand, at the office of the Chief of State to the President, Mr Femi Gbajabiamila, surfaced on the internet.

On Monday morning, the Rivers State lawmaker loyal to Mr Wike announced their defection from the PDP to the APC, singing the same allegiance song.

The Rivers State House of Assembly has 32 lawmakers and with 27 members porting to the APC, the Governor only has 5 lawmakers on his side.

Share
Related Stories
Image
02-March-2024

CAA Reaffirms Commitment to Climate Innovation for Sustainable Future

By Modupe Gbadeyanka A leading social enterprise focused on environmental sustainability, Climate Action Africa (CAA), has reaffirmed its commitment to being at the forefront of driving climate innovation for a sustainable future. The organization, which is a key participant at the four-day Omniverse Summit 2024 in Lagos, emphasised the need to integrate environmental sustainability models, technology, and community-driven innovation to address climate change challenges. It promised to foster an inclusive climate action ecosystem through innovation, which it said can be used to identify and scale solutions to address the imminent climate crisis in Nigeria and Africa as a whole, The

Image
22-February-2024

WINBAFRICA Plans Big for 10th Anniversary

By Modupe Gbadeyanka All is now set for the 10th anniversary of WINBAFRICA themed Bridging the Gap: Celebrating a Decade of Nation-building. The organisation is gathering stakeholders together on Monday, February 26, 2024, for the event at the Alliance Francaise in Ikoyi, Lagos. The group was formed in 2014 and has since then promoted girl-child education and empowered women and young girls in critical thinking and leadership skills in secondary schools across Africa. As part of activities lined up for this year’s celebration, WINBAFRICA organised an annual school debate competition and scholarship programme for 20 young girls across the continent.

Image
28-February-2024

Dangote Cement Wins Environmental Sustainability Award

By Aduragbemi Omiyale NatureNews has announced Dangote Cement Plc as the winner of the 2023 NatureNews Environmental Sustainability Award at its 3rd anniversary themed Climate Change and Energy Transition in Nigeria. At the Anniversary Lecture and Presentation of the Hero of Environmental Actions for Development (HEAD) held on Tuesday at the Shehu Musa Yar’Adua Centre, Abuja, the news platform said Dangote Cement was nominated for the category following a thorough screening by eminent professionals. The Publisher and Editor-in-Chief of NatureNews, Mr Aliyu Akoshile, disclosed that during the screening, it was discovered that the cement maker had deployed cutting-edge technology to

Image
27-February-2024

Nigeria Customs Suspends Food Disposal Initiative After Deaths

By Adedapo Adesanya The Nigeria Customs Service (NCS) has suspended its seized food disposal initiative following a stampede that claimed seven lives on February 23. The unfortunate incident occurred during the distribution of 25 kg bags of rice at its Zonal Headquarters, Yaba, Lagos State over the weekend at the rate of N10,000 each. The service announced the suspension in a statement by its National Public Relations Officer, Mr Abdullahi Maiwada. Mr Maiwada said that the suspension was part of the service’s resolve to ensure the safety of Nigerians and to enable it to properly articulate its next line of

More Stories
Image
28-June-2018

Dangote Cement to List N150b Commercial Paper on FMDQ

By Dipo Olowookere Plans are underway by the management of Dangote Cement Plc to issue commercial papers worth N150 billion. The papers would be listed on the trading platform of FMDQ, the cement manufacturer disclosed in a statement. According to the statement, proceeds of the exercise would be deployed towards capital expenditure, working capital and general corporate purposes. Acting Group Chief Executive Officer of Dangote Cement, Mr Joe Makoju, said in the statement he personally signed that the capital raising will either be as a stand-alone transaction or be executed in tranches. Dangote Cement is one of the most capitalised

Image
06-July-2023

Best Shows For The Whole Family On TV This Week

Superhero movies, comedy, animations and more are what you stand to enjoy this week on GOtv. This week, Edward Norton as Bruce Banner unleashes the green giant in The Hulk while Jason Shepherd plots to bring down a top but deceitful Hollywood producer in the comedy Big Fat Liar. Our lineup this week promises to provoke laughter, excitement, and heartwarming moments as we’ve curated an exclusive list of incredible shows that are perfect for the whole family. So, let’s dive into this week’s lineup. Almost Christmas There’s no better way to get that nostalgic Christmas feeling than with this movie.

Image
10-October-2022

NLNG Faults Shortage of Facilitates, Weak Infrastructure for High LPG Cost

By Adedapo Adesanya The Nigeria LNG (NLNG) Limited has said that the shortage of terminal facilities and jetty infrastructure were major reasons behind the high cost of Liquified Petroleum Gas (LPG), otherwise known as cooking gas, in the country. Gas, an abundant resource in the country, remains costly, with Nigerians seeing a jump in the price over the last 12 months. To this end, the gas multinational has called for massive investments in Domestic Liquefied Petroleum Gas, particularly in terminal facilities outside Lagos, which could receive a commercial volume of LPG directly from Bonny. Managing Director of NLNG, Mr Philip

Image
25-June-2023

SERAP Rejects Banks’ Request for Social Media Handles for KYC

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, the acting Governor of the Central Bank of Nigeria (CBN), to remove the request for customers’ social media handles for know your customer (KYC) by banks. SERAP also urged him to “withdraw the Circular number FPR/DIR/PUB/CIR/007/076 of 20 June 2023 mandating banks and other financial institutions to implement and comply with the mandatory unlawful provisions on customers’ social media handles in the CBN Regulations.” According to Section 6(a)(iv) of the CBN Regulations, banks and other financial institutions “shall identify their customer and obtain information on

Image
30-June-2021

Naira Appreciates by 0.11% at I&E Amid FX Demand Surge

By Adedapo Adesanya The Nigerian currency on Tuesday, June 29 further appreciated by 45 kobo or 0.11 per cent against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market to close at N410.83/$1 in contrast to N411.28/$1 it ended at the previous session. This gain in the value of the domestic currency at the specialised window happened amidst an increase in the demand for the greenback at the market. At the close of yesterday’s session, investors exchanged a total of $215.53 million, $115.05 million or 114.5 per cent higher than the previous session’s

Image
06-January-2017

Kwara Pays Compensation to Land Owners

By Dipo Olowookere Kwara State government says it has paid compensation to the customary land owners of the new site at Asa River Bank in Ilorin where fish farmers are to be relocated. The government has also allotted the land at Yidi road currently being used by the fish farmers to Tuyil Pharmaceutical Industry to enable the company expand its factory. Director-General of the State Bureau of Lands, Mr Ibrahim Salman, made this disclosure on Thursday while reacting to claims that the customary land owners of the new site have not been duly compensated by the government. He noted that

Image
27-December-2017

Stock Watch: Qfac Pick of the Day – Fidelity Bank Plc

By Quantitative Financial Analytics Quantitative Financial Analytics (Qfac) pick of the day belongs to fidelity Bank Plc according to our highest YTD return chart. Qfac technical trend indicator is pointing to a Buy signal for Fidelity Bank Fidelity bank offers commercial and retail banking services as well as corporate and consumer loans. It is also into foreign exchange and private banking services. Founded in 1988, the bank operates from 240 business offices, with 774 ATMs and 4,046 POCSes. Technical indicators: Above its 5, 25, 50 and 100 day moving averages 3 new highs in the last week Recently traded at

Image
02-February-2024

Adenike Aboderin Begins Tenure as SAHCO Chief Executive

By Adedapo Adesanya Mrs Adenike Aboderin began her role as Managing Director/Chief Executive Officer of the Skyway Aviation Handling Company (SAHCO) Plc on February 1, 2024. She is taking over from Mr Basil Agboarumi due to the completion of his tenure. She is a seasoned finance professional with many years of Executive Leadership, Financial, and Management experience in both Private and Public Sectors. Her skills include policy/strategy formulation, financial advisory, oil & gas, infrastructural, marine and transport development, business/risk management, and public policy. According to a statement, her appointment reflects SAHCO’s commitment to excellence in aviation ground handling services, including

Ad
Ad
Recent Stories
Image
03-March-2024

Dangote Cement’s African Subsidiaries Contribute 41.2% to FY 2023 Sales

By Dipo Olowookere Dangote Cement Plc has revealed that sales from its factories outside Nigeria, its base, improved in the 2023 fiscal year by 12.7 per cent, contributing about 41.2 per cent to its total volume for the period under review, with its Nigerian operations accounting for the rest. In its audited financial statements for the year ended December 31, 2023, filed to the Nigerian Exchange (NGX) Limited, the cement maker said revenue generated from its pan-African operations increased by a record 123.2 percent to N925.9 billion, while EBITDA surged by over four-fold to N263.7 billion. Business Post reports that

Image
03-March-2024

Nigeria Pays N1trn Monthly Subsidy to Keep Petrol at N650/Litre

By Aduragbemi Omiyale Despite the federal government claiming it has stopped the payment of subsidies on premium motor spirit (PMS), well-known as petrol, more people are countering this. Recall that a few weeks ago, the International Monetary Fund (IMF) said the government had returned fuel subsidies through the backdoor and kept Nigerians in the dark about this. It then advised the government of President Bola Tinubu, which announced an end to it on May 29, 2023, to completely stop the payment as it was increasing his administration’s fiscal deficit. The global lender, in a report released last month, said the

Image
02-March-2024

JUST IN: Nollywood Star Mr Ibu Dies

By Modupe Gbadeyanka Information just reaching Business Post indicates that popular Nigerian actor, Mr John Okafor, otherwise known as Mr Ibu, is dead. It was gathered that the Nollywood star breathed his last on Saturday in a hospital in Lagos. His demise comes a day after the Nigeria film industry lost an actor, Mr Tolani Quadri Oyebamiji, well-known as Sisi Quadri. Mr Ibu underwent a surgery, which led to the amputation of one of his legs. He was later discharged from the hospital, but was reportedly taken back. Until his death, he acted in several movies. He was well known

Image
02-March-2024

African Bishops Seek Overhaul of Financial System as Debt Burden Worsens

African Catholic Bishops called for an overhaul of the financial system to address health, climate, food and other challenges the region faces. Ahead of a gathering of African Finance Ministers in Victoria Falls, Zimbabwe, the Justice, Peace and Development Commission of the Catholic Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) outlined reforms for debt relief, development resources and governance. “In Sub-Saharan Africa the number of people facing food insecurity stress or crisis has more than doubled since 2019, reaching 420 million people last year,” noted the bishops in a statement. A delegation representing the African Bishops and religious

Image
02-March-2024

MTF Class of 2023 to Premiere Her Dark Past, Grown

By Modupe Gbadeyanka Two feature films will be premiered this weekend exclusively on the Africa Magic Showcase channel 151 and Africa Magic Urban channel 153 by the students of the MultiChoice Talent Factory (MTF). The two pieces of art titled Grown and Her Dark Past are the final projects of the MTF Class of 2023 students, a statement from the organisation said. The MTF is a leading film school in West Africa for young, talented and passionate filmmakers. It was established by the media platform to grow the region’s creative industry. Grown premieres on Africa Magic Showcase at 8.30 pm

Image
02-March-2024

Mandela’s Heirs Lose Power in South Africa

By Alexander Braterskiy South African authorities warn that if the opposition wins the parliamentary elections, the country may change course and leave the informal BRICS economic bloc, which includes Russia. The position of the African National Congress party, which has been in power since the collapse of apartheid, is indeed not the best, as shown by the municipal elections held earlier in the country. The opposition accuses the president of corruption and abuse of power, as well as an inability to cope with the country’s energy crisis. The ANC crisis occurred on the 30th anniversary of the first free elections

Image
02-March-2024

CAA Reaffirms Commitment to Climate Innovation for Sustainable Future

By Modupe Gbadeyanka A leading social enterprise focused on environmental sustainability, Climate Action Africa (CAA), has reaffirmed its commitment to being at the forefront of driving climate innovation for a sustainable future. The organization, which is a key participant at the four-day Omniverse Summit 2024 in Lagos, emphasised the need to integrate environmental sustainability models, technology, and community-driven innovation to address climate change challenges. It promised to foster an inclusive climate action ecosystem through innovation, which it said can be used to identify and scale solutions to address the imminent climate crisis in Nigeria and Africa as a whole, The

Image
02-March-2024

Endosurvivors Foundation Set For Another Endometriosis Awareness

By Adedapo Adesanya EndoSurvivors International Foundation (ESIF), an NGO championing endometriosis awareness in Nigeria, has announced its upcoming events in commemoration of the Global Endometriosis Advocacy Month in March, fondly tagged March4Endo by advocates all over the world.  Endometriosis is a chronic and inflammatory condition that affects approximately 1 in 10 girls and women in Nigeria and on a global scale. This sums up to about 190 million affected girls/women around the world, about the population of Nigeria in 2018.  The World Health Organisation (WHO) recognizes that endometriosis has significant social, public health, and economic implications leading to a decrease

Image
02-March-2024

CSCS, FrieslandCampina Lift NASD OTC Bourse by 0.31%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive territory after it gained 0.31 per cent on Friday, March 1, thanks to the duo of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc. CSCS Plc added 81 Kobo to its value to sell for N19.46 per unit compared with the preceding day’s N18.65 per unit, and FrieslandCampina improved by N1.15 to settle at N71.4o per share, in contrast to Thursday’s closing price of N70.25 per share. However, Aradel Holdings Plc continued its price depreciation yesterday as it shed N6.75 to sell at N2,395.00

Image
02-March-2024

Naira Now N1,548.25 at Official Market, N1,560/$1 at Black Market

By Adedapo Adesanya The Naira sustained its gradual recovery against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 1, appreciating by 2.94 per cent or N46.86 to sell at N1,548.25/$1, in contrast to the N1,595.11/$1 it was traded on Thursday. Also, in the spot market, the Nigerian currency improved its value against the Pound Sterling during the trading day by N90.13 to close at N1,956.06/£1 versus the previous day’s N2,046.19/£1 and against the Euro, it gained N76.39 to trade at N1,675.25/€1, in contrast to the N1,751.64/€1 it closed a day earlier. The supply of