ADC convention: INEC lacks power to decide leadership – Legal expert, party stakeholders

A legal practitioner, Nura Ahmad Muhammad, has stated that the Independent National Electoral Commission (INEC) has no constitutional authority to determine the leadership of the African Democratic Congress (ADC), as internal disputes within political parties remain matters for judicial resolution.

Speaking to DAILY POST, Muhammad described the ongoing leadership tussle within the ADC as a common occurrence in political organisations, stressing that such conflicts are typically resolved through party constitutions, although varying interpretations often lead to prolonged legal battles.

“This kind of crisis within political parties is not new. When disputes arise, parties usually rely on their constitution for resolution, but differing interpretations often make this difficult, which is why such matters end up in court for proper clarification,” he said.

He emphasised that since the dispute is already before the court, all factions must maintain the status quo pending a final judgment.

“Now that the case is in court, all parties must maintain the status quo, and no one should lay claim to leadership until a final judgment is delivered. INEC does not have the authority to decide who leads a political party; it can only act in line with the court’s decision,” he added.

Muhammad referenced constitutional provisions, including Section 223(1) and Section 83(1) of the Electoral Act, noting that INEC’s role is limited to oversight rather than intervention in party leadership disputes.

The crisis has seen rival factions aligned with David Mark and Nafiu Bala both laying claim to the party’s leadership, prompting legal action to settle the dispute.

Recall that former Labour Party presidential candidate and ADC chieftain , Peter Obi, had earlier criticised INEC’s handling of the situation, particularly its decision to withdraw recognition from the faction led by Mark.

“Somebody is pushing this,” Obi said during an interview on Arise Tv, suggesting possible external interference in the commission’s actions.

At the grassroots level, discontent continues to grow among party members.

An ADC member in Kano, Comrade Kabir Sani Mai Kwanuka, accused some party leaders of collaborating with the ruling party to weaken the ADC.

“It is only when the wall cracks that the lizard finds a place to enter. We created the opening ourselves. If this continues, the party has no future,” he said.

He further stressed the resilience of Nigeria’s democratic system, citing past political transitions.

“In 2007, former President, Olusegun Obasanjo attempted to extend his tenure but failed. In 2015, Goodluck Jonathan lost an election as an incumbent and accepted the outcome. No one can suppress democracy in Nigeria; it is bigger than any individual,” he added.

Efforts to obtain fresh comments from the Bala-led faction were unsuccessful. However, Bala had earlier maintained in separate media engagements that he remains the legitimate leader of the party.

ADC holds convention amid controversy

The crisis continues as the faction loyal to Mark held its national convention on Tuesday, despite uncertainty surrounding its recognition by INEC.

The party, during the convention criticized the Independent National Electoral Commission (INEC) and the Federal Government over what it described as attempts to stifle opposition politics.

Speaking at the convention, the party’s National Secretary, Rauf Aregbesola, said the legitimacy of the exercise cannot be questioned, rejecting suggestion that the exercise was flawed and illegal.

He said the convention was holding before party leaders who raised no objection.

He went on to say that, “The approval of the various committees proposed by the outgoing NWC to support the Caretaker Committee during the transition period; the swearing-in of the Caretaker Committee; and the new executives of the party were all administered the oath of office by competent authorities at that NEC,” he said.

According to Aregbesola, the resolutions at an earlier NEC meeting, which included the dissolution of the former leadership, were communicated to INEC which the commission acknowledged and accepted.

“The report of that NEC meeting was submitted to INEC by Chief Ralph Okey Nwosu and Alhaji Baba Abdullahi. It was on this basis that INEC recognised the new leadership and uploaded the principal officers on its electronic portal,” he said.

Insisting that the removal of the former National Working Committee (NWC) followed due process and cannot not be faulted, Aregbesola said, “No member, I repeat, no member of the former NWC of the ADC therefore has any right or claim to any office thereafter. A dead horse cannot rise again,” Aregbesola said.

He questioned INEC’s absence at the convention, saying it was an abdication of responsibility and breach of the law.

“INEC’s failure to meet its lawful duty is hereby declared an abdication of responsibility and a breach of the law,.

“The decision of INEC to refuse to attend and monitor our convention amounts to dereliction of duty, bordering on a dangerously partisan outlook aimed at unlawfully delegitimising the otherwise legitimate actions of our party,” he added.

“There is no other legitimate ground that INEC can rely on to refuse monitoring our convention, except if INEC, is on a mission to destroy the ADC and pave the way for the APC to coast to victory without any serious challenge.

ADC won’t bow – David Mark

Former Senate President and national chairman of the ADC, David Mark, while speaking at the convention said the party won’t bow to any kind of autocracy.

“In an ever-shrinking democratic space, the ADC will not bow, we will not cower, and we will not retreat,” he said.

Mark said the current problem orchestrated by some persons to bring down the party was part of a bigger struggle to reclaim Nigeria’s democracy, charging politicians across all political parties to come together in order to rescue democracy.

“This generation is asking tough questions of leadership, and we are emerging as a credible alternative because our vision aligns with their aspirations,” he said.

We are heading to disaster – Peter Obi

According to former Labour Party Presidential candidate, Mr Peter Obi, Nigeria is heading to disaster under the current government.

Citing global terrorism index, Obi said Nigeria has continued to occupy almost the bottom position since the current administration assumed office.

According to him, the country has moved from eighth to fourth position in terrorism ranking, an indication of worsening insecurity which he said was alarming.

“If this trajectory continues, in a few years, Nigeria could rank among the worst-affected countries,” he said.

Speaking on national debt and the economy, Obi said the country had borrowed more than ever and heading to disaster.

“We have huge debts, and we have borrowed more, and we are heading to disaster. The reason why I use these short figures is to show you we are drifting,” he said, adding that the figures point to a country in decline.

“We must now sacrifice for the sake of our children. If we don’t do anything, what is happening will take revenge on us and our children,” he said.

Why we lost Anambra, FCT polls – Aregbesola

The National Secretary of the African Democratic Congress (ADC), Rauf Aregbesola has revealed the reason ADC lost in the November 25Anambra State governorship election and the February 26 Federal Capital Territory (FCT) area council elections.

He disclosed this during the ongoing ADC national convention on Tuesday.

Aregbesola admitted that the party also struggled internally with weak funding and an unprepared structure, which contributed to its inability to secure victory in both elections.

“Our party participated in the 2025 Anambra State and the February 26 FCT local government election.

“We were not victorious for various reasons, including the fact that our opponents employed the power of incumbency, monetization of the electoral process and misuse of state power.

“On our side, we suffered from poor funding and the general non-readiness of our structure.

“However, we have learnt from this lessons and are ready for forthcoming Ekiti and Osun states governorship elections,” he said.

Jigawa approves ₦419m to boost primary healthcare

The Jigawa State Government has approved ₦419.47 million to improve primary healthcare services and pay allowances to frontline health workers across the state.

The approval was announced by the Commissioner for Information, Youth, Sports and Culture, Mr. Sagir Musa, after the State Executive Council, SEC, meeting held in Dutse on Tuesday.

According to Musa, ₦362.8 million will be released to 281 accredited Primary Health Care (PHC) centres spread across the 27 Local Government Areas under the Direct Facility Financing programme of the Basic Health Care Provision Fund. The money will cover operations from July to December 2025.

He explained that the intervention is aimed at helping health centres run more effectively, stock essential drugs, and provide better medical services, especially in rural communities where access to healthcare is often limited.

Musa said the funding would also strengthen Jigawa’s healthcare system and move the state closer to achieving universal health coverage for residents.

In addition, the council approved ₦56.67 million for allowances for frontline health workers for the same six-month period.

Those to benefit include 75 midwives, 650 Community Health Influencers, Promoters and Services (CHIPS) agents, and 130 Community Engagement Focal Persons who work closely with communities on maternal and child health, disease prevention, and public health awareness.

The commissioner said the combined approvals is part of the government’s commitment to improving healthcare delivery while encouraging workers who serve at the grassroots level.

Troops raid illegal mining site, arrest three suspects in Kogi

Troops under Operation MESA have raided an illegal mining site in Yagba West Local Government Area of Kogi State, arresting three suspects and recovering arms and other items.

A counter-insurgency and security expert in the Lake Chad region, Zagazola Makama, made this known in a post on X.

Makama said the operation was carried out at about 1:00 p.m. on April 13 at Taki following coordinated efforts between troops of 12 Brigade and local vigilantes.

According to Makama, the suspects claimed to be gold dealers and members of the Miyetti Allah socio-cultural group.

He added that items recovered during the raid include one locally made pistol, four cartridges, two rounds of 7.62mm special ammunition, two motorcycles, three mobile phones, two cutlasses and the sum of N68,100.

“The suspects and recovered exhibits are currently in military custody for further investigation and necessary action,” Makama said.

He further stated that the operation forms part of ongoing efforts to curb illegal mining and related criminal activities in the state.

Lagos plans more fire stations as safety infrastructure expands

The Lagos State Government has indicated plans to expand fire safety infrastructure across the state, following the addition of a new fire station as part of recently commissioned projects aimed at improving public safety and development.

According to a statement by the Lagos State government, the projects were unveiled during a two-day commissioning programme held from April 8 to April 9, 2026, under the administration of Governor Babajide Olusola Sanwo-Olu. The exercise was carried out on behalf of Bola Ahmed Tinubu by Godswill Akpabio.

Among the key projects delivered is the Tolu School Complex located in Olodi Apapa, Ajegunle, in Ajeromi-Ifelodun Local Government Area. The complex comprises 36 schools, a modern fire station, and a stadium with 19 mini football pitches.

The inclusion of a fire station within the facility reflects the government’s efforts to protect lives and property while also supporting community growth.

A multi-agency complex named after President Bola Ahmed Tinubu was also commissioned during the event. The facility is expected to strengthen collaboration among emergency responders and other public service institutions in the state.

Speaking at the event, the Controller-General of the Lagos State Fire and Rescue Service, Margaret Adeseye, commended the government for its continued investment in safety infrastructure, noting that the new fire station will improve emergency response, especially in heavily populated areas.

“The additional fire station will significantly enhance emergency response coverage, particularly within densely populated communities,” Adeseye said.

Adeseye stated that with the addition of the Tolu Fire Station, the number of Lagos State Fire and Rescue Service (LSFRS) locations has increased to 25, making it the 11th fire station delivered by the current administration. He added that three more stations are at different stages of completion, with two already included in this year’s budget.

The development highlights the government’s continued focus on strengthening emergency services and building a safer, more resilient, and inclusive environment for residents across the state.

Police call for stronger community cooperation on Security in Jigawa

The Jigawa State Police Command has urged residents to play a more active role in keeping their communities safe by reporting suspicious activities and sharing useful information with security agencies.

The Commissioner of Police, Haruna Alaba Yahaya, made the appeal on Tuesday during a stakeholders’ meeting held at the Command Headquarters in Dutse.

He assured the public that information provided to the police would be handled confidentially.

He said the fight against crime cannot be left to security agencies alone, noting that community members often see and know things that can help prevent attacks, theft, and other criminal acts before they occur.

According to him, the Command is focusing on proactive policing, intelligence gathering, and respect for human rights as part of efforts to improve safety across the state.

Stakeholders, however, pledged their support for closer cooperation with the police.

The Police Command said it would continue to engage residents and key groups across Jigawa as part of efforts to build trust and strengthen security statewide.

Airtel Africa deploys 1,500 base stations in one year

Airtel logoAfrica’s second biggest telco, Airtel, expanded its telecommunications infrastructure in Nigeria with the addition of more than 1,500 base stations over the past year, strengthening broadband capacity and extending connectivity to underserved areas as demand for data services continues to rise.

The expansion forms part of the company’s broader investment strategy aimed at improving network quality, supporting growing internet adoption and reinforcing Nigeria’s digital economy, the operator, which has 650 million customers,  said in a statement.

Over the past three years, Airtel Nigeria has increased its national site count from just above 13,000 to nearly 17,200 sites, marking one of the fastest infrastructure scaling phases in the operator’s recent history. The latest deployments have deepened capacity in high-demand urban corridors while expanding high-speed coverage into rural and previously underserved communities.

“Data from the Nigerian Communications Commission highlights the significance of Airtel’s infrastructure growth within the wider industry. As of December 2025, Nigeria recorded 145,141 base stations across 2G, 3G, 4G and 5G networks nationwide. Airtel accounts for 46,918 base-station layers, underscoring its substantial contribution to the country’s radio access network as mobile data consumption accelerates,” the company stated.

Nearly 99 per cent of Airtel Nigeria’s sites are now 4G-enabled, positioning the operator among providers with near-ubiquitous high-speed broadband coverage. Thousands of sites have also undergone capacity upgrades within the past year, improving speeds and enhancing network stability during peak usage periods.

The infrastructure expansion coincides with rising internet adoption across the country. According to the latest regulatory figures, Nigeria’s internet penetration has climbed above 50 per cent, with Airtel recording one of the largest monthly increases in new internet subscribers, supported by network upgrades across multiple states and rural corridors.

Beyond terrestrial network expansion, Airtel is also investing in international connectivity resilience to address Nigeria’s reliance on limited internet gateway routes.

The company is advancing plans for a second submarine cable internet breakout point at Kwa Ibo in Akwa Ibom State as part of the rollout of the 2Africa cable system. The additional landing point is expected to improve redundancy, increase speeds and enhance national network reliability for businesses and consumers.

Across the country, Airtel operates approximately 4,000 exclusive retail outlets, providing customer support, device access and digital services in urban centres, small towns and community markets. The extensive distribution network continues to serve as a key differentiator in improving service accessibility and customer engagement.

Fuel imports surge 97% despite improved local supply

The importation of Premium Motor Spirit, also known as petrol, by oil marketers increased sharply in March 2026, surging by about 96.7 per cent compared to February, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

Latest data from the regulator’s March 2026 fact sheet obtained by our correspondent on Tuesday showed that petrol import volumes climbed from 3.0 million litres per day in February to 5.9 million litres per day in March, reflecting renewed reliance on foreign supply amid shifting domestic dynamics.

The report read, “Petrol import volumes rose significantly in March from 3.0 million litres per day in February to 5.9 million litres per day in March.”

At the same time, the NMDPRA said local supply is gradually improving. This growth is being driven by domestic refiners, including the Dangote Petroleum Refinery, which is quickly becoming a major player in the market.

It said domestic petrol supply rose significantly from 30.5 million litres per day to 34.2 million litres per day, underscoring growing contributions from local refining capacity.

Overall, total daily petrol supply increased marginally from 39.5 million litres to 40.1 million litres during the period under review.

An analysis of the figures indicates that while imports nearly doubled within the month, domestic supply still accounted for the bulk of the market, reinforcing the increasing role of local refiners, particularly the Dangote refinery, as a stabilising force in Nigeria’s downstream sector.

The refinery operated at an average capacity utilisation of 93.62 per cent in March 2026.

Data on the refinery’s performance showed that it produced 48.2 million litres per day of Premium Motor Spirit (petrol) during the period, out of which 34.2 million litres per day was supplied to the domestic market.

This indicates that Dangote alone accounted for about 72.3 per cent of Nigeria’s total petrol consumption, estimated at 47.3 million litres per day in March, reinforcing its position as the single largest supplier of fuel in the country.

In the diesel segment, the refinery produced 16.5 million litres per day of Automotive Gas Oil, with 2.2 million litres per day distributed locally, while the rest was either exported or held for other uses.

The data also revealed a notable decline in petrol consumption, which dropped from 56.9 million litres per day in February to 47.3 million litres per day in March, suggesting weaker demand due to the high pricing of petroleum products during the period.

Recall that the Dangote refinery increased its petrol price at least five times to N1,275 per litre in March.

Similarly, petrol stock sufficiency fell sharply from 30.7 days to 21.2 days, indicating tighter inventory levels despite increased imports.

The report also indicates growing concerns that the current days of petrol sufficiency may decline due to the limited number of import licences issued to marketers, raising fears of potential supply constraints.

Stakeholders warn that Nigeria could face fuel shortages if stock levels are not improved and supply buffers are not strengthened in the coming weeks.

This combination of rising imports, increasing domestic supply, and falling stock cover highlights ongoing adjustments in Nigeria’s fuel supply chain.

The development comes against the backdrop of policy shifts by the NMDPRA regarding petrol import licences.

Earlier, the regulator had restricted the issuance of new import licences in a bid to prioritise locally refined products and support investments in domestic refining, particularly following the commencement of operations at the Dangote refinery.

However, the authority later reinstated the issuance of import licences to oil marketers, citing the need to prevent supply disruptions and ensure energy security during the transition phase.

Further breakdown of the fact sheet showed that diesel (AGO) supply declined significantly from 24.4 million litres per day in February to 10.3 million litres per day in March, while LPG supply remained stable at 4.7 kilotonnes per day, with domestic contribution increasing.

Domestic gas supply also rose slightly from 4.771 billion standard cubic feet per day to 4.888 bscf/d, reflecting steady growth in the gas segment.

Commenting, oil marketers have called for liberalisation of the downstream sector, where other players with licences will be allowed to import more PMS, or petrol, into the country. National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, made his stance known while appearing as a guest on Channels Television’s The Morning Brief on Tuesday.

According to him, healthy competition in the downstream sector will further protect the country from petrol price shocks following the ongoing crisis in the Middle East, which has affected the importation of petrol into the country.

The crisis in the Middle East has seen petrol rise above N1,200 per litre locally. He argued that market liberalisation will create healthy competition among players and eventually lead to product affordability.

He said, “We do not want to recommend a total dependence on getting petroleum products from foreign countries. Importation should not be a permanent thing.

“Our position is that since we have a local refinery, such as the Dangote Refinery, which has helped advance the economy, there is still clearly a need to bring in additional product sources. This will help liberalise the market and ensure that it is competitive.

“The fact that we are depending on the Dangote Refinery today is a great pointer to where we can go. While we think that refining will increase in the country, temporarily, we should also allow imports to come in because that will help us to be able to compete favourably”.

Gillis-Harry faulted the recent position of the World Bank, which advised Nigeria to further deepen fuel importation.

In its April 2026 Nigeria Development Update, the World Bank dished out a clear set of policy actions centred on removing supply-side constraints, warning that without decisive intervention, inflationary pressures could intensify despite recent moderation.

The report identified restricted competition in the downstream petroleum sector and trade barriers on critical imports as key drivers of cost escalation across the economy. It recommended reinstating petrol import licences to reintroduce competition in the PMS market, where pricing pressures have intensified following the suspension of import permits earlier in the year.

According to the report, the absence of competitive supply has contributed to a situation where domestic petrol prices have risen above import parity levels.

As of March 2026, PMS prices stood at about N1,275 per litre locally, compared to an estimated import parity price of around N1,122 per litre, implying a cost differential of roughly 12 per cent.

“I do not accept everything that the World Bank advises. We have enough intellectuals in this country. We have very great financial minds and economists who can give Nigeria the direction we can drive. Not that we are an island, but most of these advices are tinted, in my own opinion,” the PETROAN Chair said.

Gillis-Harry faulted popular claims that the country risks falling prey to substandard imported products.

“This is not correct, although I won’t say that imported is better than locally refined products.

“Rather, I will say that imported products will go through the necessary check processes of the regulator to ensure that the quality is better. So, there will be no time that substandard products will be allowed into the system.

“Yes, there were times we suffered those kinds of challenges, but they are not permanent. I believe that NMDPRA has always risen to the occasion to make sure that those products are taken out of circulation or repaired immediately to meet up to the standard.

“PETROAN members do import. We also have receptacles for that huge quantity of refined products. For us, buying from Dangote is good, but having some alternatives is also helpful.

“Our members cut across all the stakeholders, whether major depot marketers or others. So, we import when the opportunity comes for those who have been given licences. And they won’t import substandard products. They must import what will be acceptable,” he noted.

He emphasised the importance of a liberalised downstream sector, adding that product affordability is key.

“We don’t want to depend on importation. We also want to support the local refinery, which is the Dangote Refinery. But while we are doing that, to ensure we don’t have difficulty in supplies, liberalisation will do a lot of good for us.

“If you have five suppliers, there will be competition and products will be affordable. Affordability is a good thing for Nigerians. Importation should not stop us from mounting pressure on NNPC to make our local refineries roar back to life. And we should also encourage more refiners like BUA and Azika so we can have multiple sources of products.

“We celebrate Dangote Refinery. We are so proud of Dangote Refinery. We are comfortable with him, but while we are comfortable with him, we should also think about the future. Liberalisation will be the focus to guarantee affordability,” he said.

Meanwhile, the regulator highlighted progress in refining projects, noting that the Waltersmith Refinery’s second train has commenced the introduction of hydrocarbons, signalling incremental expansion of Nigeria’s refining capacity.

The combined impact of the Dangote refinery’s operations and modular refinery expansions could significantly reduce Nigeria’s long-term dependence on imported fuel.

The March data reinforces the complexity of Nigeria’s downstream transition, where increased domestic refining capacity is beginning to reshape supply patterns, even as imports remain a critical buffer to ensure nationwide fuel availability.

Ecobank Group posts 29% rise in operating profit

Ecobank Transnational IncorporatedEcobank Transnational Incorporated, the parent company of the Ecobank Group, has released its audited financial results for the full year ended 31 December 2025, showing a remarkably strong performance across all key balance sheet and income metrics.

In a regulatory filing signed on Tuesday by the Group Chief Executive Officer, Jeremy Awori, and the Group Executive Director/CFO, Ayo Adepoju, the pan-African lender reported that its operating profit before impairment charges jumped by 29 per cent to reach $1.265bn. In local currency terms, this reflected a 31 per cent increase to N1.927tn.

The Group’s top-line growth remained robust throughout the period, with gross earnings by 14 per cent to $3.207bn (N4.883 tn). Revenue followed a similar upward trajectory, growing 17 per cent to $2.449bn, supported by the bank’s diversified pan-African footprint and digital expansion strategies.

Bottom-line performance was equally impressive. The Group’s profit before tax rose 21 per cent to $800.9m (N1.220tn), while profit after tax grew 20 per cent to settle at $594.1m (N904.7bn)

Ecobank’s balance sheet witnessed significant scaling during the 2025 financial year. Total assets expanded 23 per cent to hit $34.5bn, a figure that translates to N49.659tn in Naira terms. This growth was underpinned by a surge in customer confidence, as deposits from customers grew 24 per cent to $25.3bn. The bank also increased its support to the real sector, with loans and advances to customers rising 19 per cent to reach $11.8bn.

One of the most notable highlights of the report was the massive leap in shareholder wealth. Total equity surged 60 per cent to reach $2.9bn (N4.123tn), reflecting a significantly strengthened capital position and retained earnings.

The results underscore the bank’s resilience in a complex macroeconomic environment. By maintaining a sharp focus on operating efficiency, the management team, led by Awori and Adepoju, has successfully translated revenue growth into higher operating margins.

The 2025 audited report indicates that the Group is successfully navigating currency fluctuations and inflationary pressures across its various markets while maintaining a solid trajectory for sustainable growth and value creation for its shareholders.

Seplat, Stanbic, Lafarge fuel N883bn market rally

The Nigerian Exchange maintained its upward trajectory as the overall market capitalisation crossed the N132tn threshold, bolstered by significant gains in 40 listed stocks. At the close of the trading session on Tuesday, the market capitalisation rose by N883bn to settle at N132.492tn, while the All-Share Index advanced by 1,372.52 points, or 0.67 per cent, to end at 205,831.38 points.

This bullish performance was primarily driven by price appreciation in large and medium capitalised stocks, most notably Seplat Energy, Nigerian Exchange Group, Stanbic IBTC Holdings, Lafarge Africa, and MeCure Industries.

Investor sentiment remained firmly positive as market breadth finished with 40 gainers against 21 decliners. Ecobank Transnational Incorporated and Stanbic IBTC Holdings emerged as the primary drivers of the rally, with both stocks gaining 10 per cent to close at N4.60 and N161.70, respectively.

The Nigerian Exchange Group followed closely with a 9.97 per cent appreciation to close at N168.75 per share, while Cornerstone Insurance and MeCure Industries saw their share prices rise 9.94 per cent and 9.92 per cent, respectively.

Conversely, the losers’ chart was led by Fortis Global Insurance, which shed 8.20 per cent to close at N1.12, followed by McNichols Consolidated and Academy Press, which declined 8.17 per cent and 6.96 per cent.

Liquidity in the market saw a significant boost as the total volume traded appreciated by 21.13 per cent to 569.309 million units, valued at N32.250bn across 45,777 deals. Access Holdings dominated activity by volume with 67.530 million shares worth N1.746bn, while Zenith Bank led in terms of value with 39.741 million shares exchanged for N4.50bn.

Other highly traded equities included VFD Group, Guaranty Trust Holding Company, and Lasaco Assurance. Regarding the market outlook, analysts at Futureview Group indicated that the market is expected to sustain its positive bias in the near term as investors continue to position themselves in fundamentally sound stocks, though they cautioned that intermittent profit-taking could potentially temper the upside.