General
Abiru Beats Gbadamosi to Clinch Lagos East Senatorial Seat
By Adedapo Adesanya
The candidate of the All Progressives Congress (APC), Mr Tokunbo Abiru, has emerged winner in the Lagos East Senatorial bye-election which held on Saturday.
The Independent National Electoral Commission (INEC) announced that Mr Abiru polled a total of 89,204 votes to defeat his closest opponent, Mr Babatunde Gbadamosi of the Peoples Democratic Party (PDP) who managed to garner 11,257 votes, leaving a margin of 77,947 votes.
The exercise was marred by low voters’ apathy. This is because the Lagos East Senatorial District had 1,261,673 registered voters but for the Saturday’s election, the total accredited voters were 104,894, while the total number of votes cast was 104,405. The electoral body said the total valid votes stood at 102,336, while the rejected votes were 2,069.
This indicated that only about 8.3 per cent of all accredited voters in the five local governments came out to exercise their franchise.
The INEC Returning Officer for the by-election, Mr Ademola Oremosu of the University of Lagos, declared the result at the Somolu collation centre on Sunday.
He said that Mr Abiru defeated his opponent by a wide margin in all the five local government areas of Epe, Ibeju-Lekki, Kosofe, Shomolu and Ikorodu in Lagos East senatorial district.
The senatorial seat became vacant following the death of the former occupant, Mr Bayo Osinowo, earlier this year from the coronavirus.
Candidates from 12 political parties contested in the Lagos East Senatorial bye-elections while eight candidates contested the Kosofe Constituency II, Lagos State House of Assembly by-elections.
Below are the results of the APC and PDP candidates in the senatorial election across the five LGAs:
Shomolu
APC: 17,728
PDP: 2,067
Epe
APC: 22,213
PDP: 1,826
Ibeju Lekki
APC: 16,336
PDP: 937
Ikorodu
APC: 19,204
PDP: 3,766.
Kosofe
APC: 13,723
PDP: 2,661.
Meanwhile, the bye-election conducted in Bakura constituency, Zamfara State was declared inconclusive by the electoral body.
The Returning Officer, Mr Ibrahim Magawata, said that the election results of five polling units in Bakura ward have been cancelled.
The affected units according to Mr Magawata had a total number of 11,429 votes.
He announced that the PDP candidate, Mr Ibrahim Tudu, scored a total number of 18,645 votes, while the APC candidate, Mr Bello Dankande Gamji polled 16,464.
New date for the conclusion of the election in the affected polling units would be announced later.
Meanwhile, two ad-hoc staff of the commission have been declared missing and their whereabouts still unknown at the time of filing in this report.
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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