General
Nigerians to Elect New President Tomorrow Amid Cash, Fuel Crises
By Adedapo Adesanya
Nigerians will, on Saturday, February 25, vote for a person to replace President Muhammadu Buhari for at least the next four years.
The election has been tagged by analysts and observers as one of the most crucial since the country returned to democratic rule almost 24 years ago.
It will also be the seventh straight election that Africa’s largest economy will be holding following the emergence of Mr Olusegun Obasanjo (1999-2003, 2003-2007), late Mr Umaru Musa Yara’dua (2007-2010), Mr Goodluck Jonathan (2011-2015), and incumbent Mr Buhari (2015-2019, 2019-2023).
As Nigerians head to the polls, they are doing this amid a double whammy of cash crunch and fuel scarcity, which are making Nigeria’s high multidimensional poverty population feel the heat.
The Central Bank of Nigeria (CBN) had last year introduced a new policy that involves the conversion of old higher denomination notes to new ones, which has left the average Nigerian scrambling to find cash to buy food and pay for transport.
Proponents say that the policy is good because it has led to an increase in the use of electronic channels, but Business Post independently verified that the electronic channels had witnessed downtime that has left many stranded.
On the other hand, critics have said the policy was not good since poverty is rife and many Nigerians need cash to do daily transactions.
Regardless of calls from several quarters to reverse the policy, President Buhari says no going back but instead allowed the use of old N200 notes but remained adamant on the N500 and N1,000.
This has seen large swathes of crowds at banks, where banks cap their withdrawal limits. Wema Bank in the Idimu area capped its cash withdrawal at N5,000 while some others put theirs at N10,000 daily.
For Point-of-Sale (POS) operators, there is a biting scarcity with a cap of N2,000 per transaction accompanied by a 10 to 20 per cent charge, and in some areas, this goes as high as 35 per cent of the withdrawn amount.
Also, Premium Motor Spirit (PMS), otherwise known as petrol, is once again in short supply even as the Nigerian National Petroleum Company (NNPC) Limited claims that there are 1.805 billion litres of petrol in stock, enough to last for 30 days.
“For March 2023, a total of 2.3 billion litres of petrol is expected, while about 2.5 billion litres, equivalent to 42 days sufficiency, will be the closing stock for the month,” a spokesperson of the state oil company stated.
However, Nigerians have to brace queues and pay higher for the commodity, which currently sells at around N280 per litre in most filling stations.
These are among issues like insecurity, piling debt, and worsening inflation that the next president will face.
To inherit these could be any of the front runners, which include Mr Peter Obi of the Labour Party, who has led in several opinion polls and garnered support from youths; Mr Bola Ahmed Tinubu of the ruling All Progressives Congress (APC) with a loyal fanbase in the Southwest; serial runner Atiku Abubakar of the main opposition Peoples Democratic Party (PDP); and Mr Rabiu Kwakwanso of the New Nigeria Peoples Party (NNPP), a former Kano state governor where he is highly regarded.
General
Empowering Women Goes Beyond Celebrating IWD, Others—Interswitch HR
By Modupe Gbadeyanka
The Group Chief Human Resource Officer of Interswitch, Mr Franklin Ali, has highlighted the importance of creating deliberate opportunities that support women’s professional growth.
Speaking at a virtual session organised by the company to commemorate International Women’s Day (IWD) 2026 under the theme Give to Gain, he noted that, “At Interswitch, we believe empowering women goes beyond celebrating milestones like International Women’s Day. It requires creating meaningful platforms where women can learn, share experiences, and gain the visibility needed to grow as leaders. Through initiatives like Give to Gain, we encourage our women to recognise the value they bring and confidently amplify their impact within the organisation and beyond.”
At the event, which also featured the Deputy Chief Executive of Stanbic IBTC Bank Limited, Ms Bunmi Dayo-Olagunju, the leading African technology company reaffirmed its commitment to empowering women across its workforce and fostering an inclusive workplace culture.
In her presentation, which focused on Give to Gain – Give Value, Gain Visibility, Ms Dayo-Olagunju emphasised the importance of intentional value creation and visibility in shaping professional growth for women in the workplace.
Drawing from her experience in the financial services sector, she also shared perspectives on how women can intentionally position themselves for greater impact, build influence within their organisations, and translate consistent value delivery into meaningful professional growth.
It was gathered that Interswitch distributed customised care packages to female employees across its offices. The gesture served as a token of appreciation for the resilience, dedication, and excellence demonstrated daily by women across the organisation.
Beyond the session and care packages, Interswitch continues to support women across its workforce through a range of internal policies to promote well-being and work-life balance. These include access to top-notch creche facilities, a robust maternity leave policy, and an exclusive spousal allowance initiative, all of which reinforce the company’s broader commitment to creating a supportive environment where women can thrive both professionally and personally.
This year’s International Women’s Day initiative reflects Interswitch’s recognition of the vital role women play in shaping the company’s continued growth and success. Across technology, operations, product development, finance, and leadership, women within the organisation continue to drive innovation and strengthen service delivery.
General
Eight Die as Terrorists Blow up Niger Bridge
By Modupe Gbadeyanka
A bridge connecting the Luma-Babana-Agwara communities in Niger State was destroyed by terrorists on Monday. The incident claimed the lives of eight people.
The bridge is a vital route used by residents travelling to the Babanna border market, which operates every Monday.
According to reports, the hoodlums used an improvised explosive device (IED) to bring down the facility located along Luma Road in Borgu Local Government Area of Niger State.
The Chairman of Borgu Local Government, Mr Mohammed Nasir Abdullahi, who confirmed the attack, noted that authorities were working to verify the full extent of the damage.
“There was actually an attack by the bandits, and we are trying to verify the magnitude. A bridge was actually damaged. Already, we have sent people to the area to verify things for us,” Vanguard quoted him as saying.
It also quoted a source as saying, “In the early hours today, bandits stormed Borgu local government area of the state and bombed the Lunma-Babana bridge. Apart from bombing the bridge, the bandits also detonated bombs between Rafingiwa and Babana, and another at Woro and Kaiama, forcing residents to flee the area.”
General
Obajana, Apata Inhabitants Complete Fish Farming, Entrepreneurship Training
By Aduragbemi Omiyale
No fewer than 40 residents of Iwaa, Oyo, Obajana and Apata communities in Kogi State have completed a training programme on fish farming and entrepreneurship.
This is an initiative of the Obajana plant of Dangote Cement Plc designed to empower inhabitants of its host communities.
This scheme builds on a series of previous community empowerment programmes, including training in poultry production, solar entrepreneurship, and fashion design, among others.
At the graduation ceremony witnessed by representatives of the federal government, the Kogi State Government, and the Industrial Training Fund (ITF), as well as traditional rulers and other key stakeholders, the Plant Director, Mr Azad Nawabuddin, described the skills acquisition programme as a strategic scheme aimed at promoting job creation and driving overall economic development within the host communities.
“In learning the art and business of fish farming, you have embraced a cycle of life that teaches responsibility. You nurture, you wait, you adapt, and in time, you harvest. This mirrors the journey of community development itself: it is not built in a day, but through consistent effort, shared knowledge, and collective commitment,” he stated.
According to him, fish farming does not stand alone. It creates ripples by providing food for families, income for households, and opportunities for others.
“One fishpond can support a network: feed suppliers, transporters, market women, and processors. In this way, what begins as an individual skill becomes a communal asset,” he added.
Also commenting, the General Manager and Head of the Social Performance Department at Dangote Cement in Obajana, Mr Ademola Adeyemi, said the event was part of the Corporate Social Responsibility (CSR) scheme of the company.
“We don’t Lord ourself on the communities. We jointly agree to carry out this CSR programme. We invest proactively in skills, in people, and in ideas that can uplift communities. Through partnerships like the one we have with the Industrial Training Fund, we ensure that our interventions are not just well-intentioned, but impactful and sustainable,” he disclosed.
A representative of the Technical Adviser on CSR to the Kogi State Governor, Mr Akinola Oluropo Babatunde, commended Aliko Dangote for his support for communities in Kogi State.
He urged beneficiaries to make proper use of the opportunity and have a positive impact on their communities.
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