Lagos 2027: GAC Chairman hints at Hamzat as Sanwo-Olu’s possible successor

Ahead of the 2027 governorship election in Lagos State, Chairman of the Governance Advisory Council, GAC, Tajudeen Olusi, has ignited fresh political conversations after making remarks seen as indicative of a possible successor to Governor Babajide Sanwo-Olu.

The development comes amid growing speculation surrounding the Deputy Governor, Obafemi Hamzat, as a potential consensus candidate of the All Progressives Congress ahead of the party’s anticipated primary process.

Olusi, a key ally of President Bola Tinubu, made the remarks on Wednesday during the General Assembly of Indigenous Associations in Lagos State, organised by the IBILE Eko Summit Foundation at the MUSON Centre in Onikan.

While addressing participants at the event themed “Addressing Urbanisation and Urban Challenges of Lagos State,” Olusi repeatedly referred to Hamzat as the “incoming Governor of Lagos,” a statement that drew immediate attention from political stakeholders and observers present.

The comment, delivered in a public forum attended by key figures within Lagos’ political and traditional structure, has since been interpreted as a possible signal of elite preference in the state’s succession dynamics.

Also present at the gathering was former governor Babatunde Fashola, who was seated beside Hamzat during the proceedings, further fuelling speculation over the political undertone of the event.

Observers noted that Olusi’s repeated references to Hamzat suggested continuity within the state’s leadership structure, with the GAC chairman at one point explicitly describing him as “our incoming Governor of Lagos.”

The remarks reportedly drew noticeable reactions from delegates, given their implications for the 2027 race.

Olusi also highlighted Hamzat’s indigenous roots, describing him as a “son of the soil” and referring to him as “a cousin from Egbe,” a comment he said emphasized Hamzat’s deep ties to Lagos’ traditional and political landscape.

The IBILE Eko Summit, which brings together political leaders, traditional rulers, and key stakeholders of Lagos origin, is widely regarded as an influential platform within the state’s political framework, often serving as a space where consensus and direction on governance and succession are subtly shaped.

One-party allegation driven by emotion, not fact – APC

The All Progressives Congress has rejected claims that Nigeria is drifting toward a one-party state, insisting that the country remains a full multi-party democracy.

The party’s National Secretary, Surajudeen Ajibola Basiru, made the statement on Wednesday during a media chat on Arise TV.

“By the last estimates, Nigeria has about 200 million people, and the largest proportion in any political organisation belongs to the APC. So when you talk about Nigerians speaking collectively, you cannot rely on what I call a cacophony of individuals speaking out of emotion without facts. As a government, we must respect democratic institutions, and no one should cast aspersions on democracy or the judiciary without hard evidence.

“One of the key features of democracy is the diversity of ideas and the freedom for people to speak without fear. Today, Nigeria has a vibrant and independent media space. Everyday, there are editorials and talk shows criticising the government. That shows that freedom of speech, association, and organisation are clearly alive in our country.”

He said Nigeria currently has about 19 registered political parties, arguing that this alone disproves allegations of one-party domination.

“As at the last count, we have no less than 19 registered political parties in Nigeria. Those claiming to have problems are not up to four or five. So you cannot say there is a one-party state.”

He stressed that the APC remains focused on strengthening its structures and expanding grassroots support across the country, rather than engaging in what he described as unnecessary political accusations.

“The job of the APC is very clear. We intend to build a pan-Nigerian political party that truly resonates with the grassroots and is able to articulate policies and programmes in line with the Renewed Hope Agenda of the President. We will not be distracted by people whose outcry is driven by sentiments that are not rooted in facts,” he added.

Residents flee Benue community over alleged repeated attacks by suspected herdsmen

Residents of Edikwu Ukpogo in Apa Local Government Area of Benue State have fled the community following a series of attacks reportedly carried out by suspected herdsmen.

The residents left behind farms and other livelihoods, raising fresh concerns about security and humanitarian conditions in the state.

Benue State has continued to face recurring clashes between farming communities and armed groups, often leading to displacement and loss of lives. Apa LGA is among the areas that have experienced repeated security challenges in recent years.

The once active community of Edikwu Ukpogo is now described by locals as deserted.

Families reportedly fled in fear after successive attacks, abandoning properties and farmlands critical to their survival.

The displacement has disrupted agricultural activities, worsening concerns over food security and economic stability in the area.

Reacting to the development, a political leader, Hon. Adole Jose Ehoda, described the situation as a humanitarian crisis, calling for urgent intervention by the government and security agencies.

He urged authorities to restore security, protect lives and property, and provide relief materials for displaced residents.

Residents and observers have also expressed growing frustration, questioning how long communities will remain vulnerable without adequate protection.

As displacement continues, attention is shifting to the response of security agencies.

Don’t destroy new roads with burning of tyres – FERMA begs Abia residents

The Federal Road Maintenance Agency, FERMA has appealed to Abia residents and other road users on Aba-Azumini highway to avoid any act that may destroy the newly completed work on the road.

FERMA, which spoke through Suleiman Mohammed Omonowo, South-East 2 Zonal Director, warned that burning of tyres during festivities would destroy the road.

Speaking on the highway during the inspection of the road, Omonowo said that harmful practices by youths and other community members on new roads contribute to the failure of some roads across the country.

“Our advice to the road users, especially the indigenes is to protect the road from destruction. Let nobody come and destroy it or be burning tyres in the name of celebration.

“This portion of the highway was in critical and terrible condition, a death trap to commuters and villagers before FERMA intervened”, he said.

Omonowo expressed satisfaction with the quality of job done by the contractor that handled the work, saying that the Catch Pit constructed in the project would prevent overflow of water.

He said that the road which connects Aba and some other communities in Abia up to Cross River State, carries heavy traffic of vehicles, hence FERMA’s intervention.

The South-East 2 Zonal Director, who said that his office is in charge of Ebonyi, Abia and Cross River States, urged Nigerian construction companies to do more in quality delivery, to be able to effectively challenge foreign construction companies.

Also speaking, the Federal roads maintenance engineer, Abia State, Festus Okafor said FERMA workers are not suffering harassment or other forms of violence from youths and other villagers in Abia State during their operations.

2026 JAMB: Police deploys officers to 72 Ogun CBT centers, rolls out protective security measures

As part of effort to strengthen security arrangements for the 2026 Unified Tertiary Matriculation Examination (UTME) organized by the Joint Admissions and Matriculation Board (JAMB), operatives of the Ogun state police alongside operational assets have been deployed across the 72 accredited Computer-Based Test (CBT) centres in the state.

DAILY POST reports that the exam is scheduled to hold from 16th to 25th April, 2026.

The Police Public Relations Officer, DSP Oluseyi Babaseyi, said the deployment followed the command’s adoption of proactive, firm, and intelligence-led security measures aimed at ensuring a safe, orderly, and credible examination exercise across all CBT centres in Ogun State.

Babaseyi stated that the operational plan is designed to guarantee visible police presence, early threat detection, and swift response to any security concern before, during, and after the examination period.

He said, “In line with the directive of the Commissioner of Police, Ogun State Command, CP Bode Ojajuni, psc, FCSS, MNIPR, all Area Commanders within jurisdictions hosting CBT centres have been placed on heightened operational alert and directed to take full charge of security management within their areas.

“They are to ensure strict supervision of deployed personnel, sustained patrols around examination environments, and close coordination with Divisional Police Officers, tactical teams, and JAMB officials to ensure seamless conduct of the exercise.”

He warned that any attempt to engage in examination malpractice, impersonation, or any form of disorderly conduct will be met with swift and decisive action, including arrest and prosecution.

The Commissioner of Police, CP Bode Ojajuni, assured residents of robust, proactive, and firm security coverage throughout the examination period and urged candidates to strictly comply with all examination guidelines and conduct themselves responsibly at all centres.

ASUU-AFUSTA chapter threatens strike in Kebbi

The Academic Staff Union of Abdullahi Fodio University of Science and Technology, Aliero (ASUU-AFUSTA), has issued a fresh set of demands to the Kebbi State Government, warning of a possible strike action if urgent steps are not taken to address their longstanding grievances.

The union’s chairman, Dr. Musa Isah Fakai, made the position known in a statement. He expressed the union’s growing frustration over what he described as persistent neglect of staff welfare and unresolved labour issues at the institution.

Fakai said the demands were part of ongoing efforts by the union to draw attention to what he termed “labour-unfriendly” conditions at the university, noting that similar concerns had been raised repeatedly through press briefings, official statements and other engagements without meaningful response from relevant authorities.

According to him, despite continuous advocacy, key stakeholders including the Ministry for Higher Education, the university management and the Governing Council have failed to adequately address the challenges confronting academic staff.

“The problems remain numerous, and the situation remains critically unaddressed by the relevant stakeholders,” he said, adding that the union had expected better responsiveness from the state government.

Among the demands listed by the union are the non-implementation of the approved remuneration package for university lecturers, non-payment of Earned Academic Allowances (EAA) dating back to 2014, and the backlog of unpaid promotion arrears. The union also decried the failure to implement annual salary increments for its members.

Fakai warned that failure by the government to meet these demands could lead to industrial action, stressing that the union would not hesitate to take necessary steps to protect the welfare of its members.

AXA Mansard grows by revenue 22% to N160.56bn

AXA Mansard HealthAXA Mansard Insurance Plc has reported a robust 22 per cent increase in insurance revenues, reaching N160.56bn for the financial year ended 31 December 2025. The results, released in Lagos, underscore the insurer’s resilience in a macroeconomic environment characterised by heightened inflationary pressures and foreign exchange volatility.

The growth was broad-based across the Group’s core segments, with Gross Written Premiums rising 23 per cent to N170.87bn. The performance was particularly bolstered by a 40 per cent surge in the health insurance segment, alongside steady gains in Property & Casualty and Life & Savings operations.

Commenting on the financial performance, the Chief Financial Officer of AXA Mansard, Ngozi Ola-Israel, said, “Our performance reflects strong execution and resilience across our diversified portfolio.

While Profit Before Tax declined to N6.12bn, this was largely due to the absence of the significant foreign exchange gains recorded in 2024. Adjusting for this non-recurring impact, our underlying profit would have grown by 50 per cent year-on-year.

Despite the impressive topline growth, the insurer faced significant bottom-line pressure. Profit After Tax dropped to N0.62bn, impacted by a N1bn FX loss compared to a N27bn gain in the previous year, as well as an increase in capital gains tax from 10 per cent to 30 per cent.

Addressing the strategic direction of the company amid these headwinds, the leadership emphasised that the firm’s focus remains on long-term stability and capital preservation.

Similarly, the Chief Executive Officer of AXA Mansard, Kunle Ahmed, said, “We delivered strong topline growth and stable underlying earnings despite cost pressures and global economic uncertainties. Our current financial position comfortably exceeds the new minimum capital requirements of N15bn for non-life and N10bn for life operations. To further strengthen these buffers, the board has decided not to propose dividend payments for the 2025 financial year.”

The company’s asset base grew 18 per cent to N227.94bn, while shareholders’ funds rose to N52.3bn, reinforcing its capital strength ahead of the industry-wide recapitalisation exercise. The CEO expressed optimism that the company is well-positioned to navigate the evolving regulatory landscape.

“With a strong balance sheet, disciplined execution, and clear strategic priorities, we are well positioned to improve profitability and deliver long-term value to shareholders as macroeconomic conditions stabilise and FX volatility eases,” Ahmed added.

Market analysts noted that AXA Mansard’s decision to retain earnings aligns with a broader trend of Nigerian insurers repositioning to meet stricter capital thresholds. The results also highlight the rapid expansion of the health insurance sector, which has become a critical revenue driver as corporate demand for employee coverage continues to rise across the country.

Seplat shares hits N10,000 as Heirs Energies investment drives rally

Seplat Energy PlcSeplat Energy Plc has become the first company in the 65-year history of the Nigerian Exchange to close above N10,000 per share, following a rally linked to a strategic investment by Tony Elumelu’s Heirs Energies.

Seplat closed trading on April 14, 2026, at N10,450 per share, representing an 80 per cent gain since January and adding approximately N2.9tn in market capitalisation within four months, according to a statement on Wednesday.

The rally traces to a transaction in December 2025, when Heirs Energies acquired a 20.07 per cent stake in Seplat Energy for about $500m, becoming the company’s largest shareholder. Elumelu subsequently joined Seplat’s Board as a Non-Executive Director in January 2026.

The $500m investment is now valued at over $800m, representing a $300m paper gain in under 120 days. Market analysts have described the surge as the “Elumelu effect,” citing the investor’s track record in transforming companies such as United Bank for Africa and Transcorp.

Since Heirs Energies became the largest shareholder, Seplat’s share price has gained more than N4,600, making it the most valuable indigenous energy stock on the continent.

The rally has also been supported by Nigeria’s recent reclassification by FTSE Russell from “Unclassified” to Frontier Market status, effective September 2026. Analysts project the upgrade could drive between $840m and over $1bn in foreign portfolio inflows into Nigerian equities, with Seplat positioned as a major beneficiary.

The company’s strong 2025 financial performance has further underpinned the share price growth. Revenue rose by 144 per cent to $2.73bn, while profit before tax increased by 86.7 per cent to $497.8m. Adjusted EBITDA climbed 137 per cent to $1.28bn, and total dividend increased by 52 per cent to 25.0 cents per share.

Seplat’s production averaged 131,506 barrels of oil equivalent per day in 2025, up 148 per cent, reflecting the first full-year consolidation of offshore assets following its acquisition of Mobil Producing Nigeria Unlimited.

The company has issued a 2026 production guidance of 135–155 kboepd and plans to drill 17 new wells.

Following the record close, the NGX All-Share Index rose to an all-time high of 205,831.38 points, while the Oil & Gas Index gained 4.36 per cent, led by Seplat.

CardinalStone Research described Seplat as “the undisputed heavyweight driver of the session,” while Meristem Securities reinstated a Buy rating on the stock.

FCMB leverages culture to deepen markets, support SMEs

FCMBFirst City Monument Bank is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets.

As a lead partner in the festival organised by the Central Council of Ibadan Indigenes, the bank said in a statement on Wednesday that cultural gatherings are fast becoming viable commercial ecosystems, bringing together thousands of vendors, creatives, and service providers to drive economic activity.

Speaking at a press conference in Ibadan, FCMB’s Divisional Head of Corporate Affairs, Diran Olojo, said the bank’s approach is to enable participation, support business growth, and capture transaction flows within these ecosystems.

“We see culture as a functioning marketplace. Events like this concentrate demand, talent, and enterprise in one place.

Our role is to help businesses plug into that, through access to finance, visibility, and the systems that support transactions and growth,” he said.

He noted that the festival stimulates activity across hospitality, retail, transport, and the creative sector, while also attracting diaspora engagement that strengthens remittance flows and local investment.

The Ibadan Cultural Festival, also known as Okebadan, attracts residents, indigenes and visitors, driving a surge in commercial activity across the city.

President-General of the CCII, Ajeniyi Ajewole, said the festival has become both a cultural and economic platform.

“It drives tourism, supports local businesses, and creates an opportunity for Ibadan indigenes in the diaspora to return, reconnect, and contribute to the city’s growth,” he said. He added that FCMB’s involvement reflects growing private sector interest in culture-led development.

Chairman of the Planning Committee, Gbolagade Akere, said the 2026 edition is structured to strengthen Ibadan’s profile as a tourism and investment destination, with activities that combine cultural expression and economic engagement.

Dangote, Trump named in TIME 100 Most Influential People

Aliko DangoteGlobal business and political influence took centre stage as Nigerian industrialist Aliko Dangote and United States President Donald Trump have been named among TIME’s 100 Most Influential People for 2026, underscoring their continued impact on global markets, policy, and leadership discourse.

The list, released on April 15, recognises individuals shaping global discourse across business, politics, technology, and culture. Dangote and Trump were alongside prominent figures such as Xi Jinping, Benjamin Netanyahu, Mark Carney, and Pope Leo XIV, as well as business and technology leaders, including Sundar Pichai and Neal Mohan.

US President Donald Trump… (Photo by Brendan SMIALOWSKI / AFP)

Dangote, who featured in the Titans category, is the only Nigerian on the 2026 list, though not the only African. Other Africans recognised include Netumbo Nandi-Ndaitwah, Precious Matsoso, Anok Yai, Mamadou Amadou Ly, and Zabib Musa Loro, reflecting broader African representation across leadership, health, culture, education, and peacebuilding.

This marks Dangote’s second appearance on the TIME100 list, having first been honoured in 2014 for his impact on business and philanthropy. His return more than a decade later shows the consistency and scale of his global influence.

As founder of Africa’s largest indigenous industrial conglomerate, Dangote has driven investments across cement manufacturing, sugar refining, fertiliser production, agriculture, and infrastructure, with a recent expansion into energy. These investments have significantly reduced reliance on imports while creating jobs and strengthening local production capacity across the continent.

In its citation, TIME highlighted Dangote’s long-term vision of building globally competitive industries using African resources, pointing to his large-scale investments in manufacturing and energy infrastructure as central to Africa’s economic transformation.

Other notable figures in the Titans category include Reid Wiseman, Commander of the Artemis II mission; Sundar Pichai; Neal Mohan; Michael and Susan Dell, founders of the Michael & Susan Dell Foundation; and Ralph Lauren, founder of the Ralph Lauren Corporation.

In the Pioneer category, individuals recognised for breakthroughs in science and social advocacy include Kiran Musunuru and Rebecca Ahrens-Nicklas for advances in genetic therapy, as well as Aaron Williams for contributions to heart transplant readiness.

The list also features influential figures in global entertainment and culture, such as Ranbir Kapoor, Dakota Johnson, and Kate Hudson, recognised for their impact in film and broader cultural influence.

Beyond his business achievements, Dangote is widely regarded for his philanthropic leadership through the Aliko Dangote Foundation, one of Africa’s largest private foundations, which supports initiatives in healthcare, nutrition, education, disaster relief, and economic empowerment.

The 2026 recognition also comes as the Dangote Group advances its long-term growth strategy, Vision 2030, aimed at transforming the conglomerate from a $30bn regional player into a $100bn global enterprise. The roadmap is structured in phases, with the first phase spanning 2025 to 2028, focused on scaling existing businesses in cement, fertiliser, and energy, while optimising assets for global competitiveness.

The second phase, covering 2028 to 2030, is expected to drive expansion into new sectors and international markets, including planned investments in steel manufacturing, power generation, and deep-sea ports to address critical industrial gaps across Africa.

The latest TIME recognition reflects growing global acknowledgement of African leadership and enterprise, with Dangote standing out for industrial scale, while other African honourees highlight influence across governance, public health, education, culture, and peacebuilding.