2027: APC reschedules National Assembly primaries in Zamfara

The ruling All Progressives Congress, APC, has rescheduled its National Assembly primary election dates in Zamfara State.

This is contained in a statement by the party’s national spokesman, Felix Morka, on Saturday.

Morka said the state House of Assembly primary will still hold on Wednesday, May 20, 2026, while the governorship primary will hold on Thursday, May 21, 2026.

According to him, the presidential primary election remains fixed for Monday, May 23, 2026.

The statement also outlined dates for primary election appeals in the state.

According to the timetable, appeals arising from the House of Representatives primary will be heard on Tuesday, May 19, 2026, while Senate primary appeals are scheduled for Wednesday, May 20, 2026.

The statement further revealed that appeals for the House of Assembly primary will hold on Thursday, May 21, 2026, while governorship primary appeals have been fixed for Friday, May 22, 2026.

It, however, did not state the reason for the rescheduling.

The statement read: “The House of Representatives primary election will now hold on Monday, May 18, 2026, while the Senate primary has been fixed for Tuesday, May 19, 2026.”

DAILY POST recalls that  the party’s national leadership had on Thursday postponed its House of Representatives primary elections by one day from Friday, May 15, to Saturday, May 16, 2026, but said the dates for Senate, State Houses of Assembly, governorship and presidential primaries remained unchanged.

2027 may be a replay of 1979 elections – Tambuwal

Former Sokoto State governor, Aminu Tambuwal, has said the 2027 general elections will not follow the same pattern as the 2023 polls.

Tambuwal, who spoke during an appearance on Politics Today on Friday, said the political environment ahead of 2027 is already changing.

“Politics is dynamic, and virtually everything about people is dynamic. 2027 may not necessarily be a replay of the 2023 elections,” he said.

The former Speaker of the House of Representatives noted that new alliances and shifting interests among politicians and voters would shape the next election differently.

He also compared the coming election to the 1979 presidential contest, which featured political heavyweights like Shehu Shagari, Obafemi Awolowo and Nnamdi Azikiwe.

“I see a replay of 1979 in 2027 rather than the 2023 general elections. You wait and see. The dynamics Today are different,” Tambuwal added.

Tambuwal, who recently defected from the Peoples Democratic Party to the African Democratic Congress, also said he would not support any presidential aspirant until after party primaries are concluded.

Lagos govt sanctions 15 money lending firms over operational violations

Lagos State Government has sanctioned at least 15 money lending companies for breaching operational regulations and engaging in activities considered harmful to residents.

The Commissioner for Home Affairs, Ibrahim Layode, disclosed this on Friday during the 2026 Ministerial Press Briefing held in Ikeja, stating that the move was part of ongoing efforts to regulate the money lending sector and shield Lagosians from exploitative and fraudulent financial practices.

According to Layode, the state government remains committed to enforcing strict compliance among operators within the industry.

“The firms were sanctioned to ensure strict adherence to guidelines and to protect Lagosians from sharp practices by financial firms,” the commissioner stated.

He noted that money lending plays an important role in supporting the economy by providing accessible loans to petty traders and small business owners who often face difficulties obtaining credit from conventional banks due to rigid requirements.

“Moneylending business is one of the vital parts of the economy which allows people in the small-scale industry and petty traders to have stress-free access to quick loans to finance their businesses,” he said.

Layode explained that the Ministry of Home Affairs oversees the processing of applications, issuance and renewal of operational licences for money lenders in Lagos State, while also monitoring their activities to ensure compliance with regulatory standards.

He added that the ministry regularly organises stakeholder engagements and training sessions aimed at exposing operators to international best practices and improving professionalism in the sector.

“We also conduct stakeholders’ forums for moneylender operators in order to bring them up to speed on the latest world best practices,” he said.

The commissioner further revealed that the ministry collaborates with federal regulatory bodies, including the Federal Competition and Consumer Protection Commission, FCCPC, and the Special Control Unit Against Money Laundering, SCUML, to strengthen oversight and ensure compliance with financial regulations.

Layode said the government also profiles and monitors licensed money lending firms to protect residents from fraudulent operators and questionable business activities.

“In addition, the Ministry registers, profiles and monitors the viability of such companies with a view to ensuring that while the money lenders are in business, the general public is also protected from being scammed by fraudulent people of questionable characters,” he added.

He maintained that licensed money lenders have continued to support the growth of micro and small-scale businesses in Lagos by offering alternative sources of funding outside traditional banking institutions.

“This partnership has greatly assisted small-scale business owners in Lagos to keep their petty businesses afloat without having to contend with high interest rates and clauses of the big commercial banks,” Layode said.

The commissioner also disclosed that between 2025 and 2026, the ministry received 112 fresh applications from money lending firms, while 214 existing licences were renewed.

Sanwo-Olu appoints Kayode Oyekanmi as new Lagos TV General Manager

Lagos State Governor, Babajide Olusola Sanwo-Olu has approved the appointment of Mr Kayode Oyekanmi as the new General Manager of Lagos State Television following the exit of the station’s former General Manager, Mrs Sola Kosoko.

The appointment letter was presented to Oyekanmi by the Lagos State Head of Service, Mr Bode Agoro, during a brief ceremony held at the State Secretariat in Alausa, Ikeja.

Speaking at the event, Agoro said the appointment was based on Oyekanmi’s commitment, professionalism, and years of dedicated service within the Lagos State public service system.

He expressed confidence in the new appointee’s ability to reposition the state-owned television station and wished him a productive and successful tenure.

Before his appointment, Oyekanmi served as Director of the Strategy Centre at the Lagos State Ministry of Information and Strategy, a role he had occupied since 2022.

A seasoned communications professional, Oyekanmi possesses more than 30 years of experience across both the public and private sectors, with a background in advertising, public relations, media communications, and export services.

He began his career in the Lagos State public service on March 1, 2000, as a Public Affairs Practitioner with the Ministry of Information and Strategy.

An indigene of Isale Eko on Lagos Island, Oyekanmi has received several recognitions for his contributions to journalism and public communication.

Academically, he holds a Master’s degree in Public Administration from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.

He is also a member of the Nigeria Union of Journalists, NUJ, and the Nigerian Institute of Public Relations.

Beyond his professional career, Oyekanmi is described as an avid reader and lawn tennis enthusiast.

He currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.

You have continued to violate my father’s rights – El-Rufai tells ICPC

Hon. Mohammed Bello Elrufai, son of the immediate past Governor of Kaduna State, Mallam Nasir Elrufai, has demanded that all the constitutional rights of his father, be accorded him.
El-Rufai, who is the member representing Kaduna North Federal Constituency in the National Assembly, in a press statement pasted on his verified Facebook page, said as a family, they witnessed two distinct yet equally serious attacks on his father’s basic rights.

According to him, their father, Mallam Nasir El-Rufai’s personal Doctor visited the ICPC at about 3pm to discuss the results of medical tests recently conducted, but officials at the agency blocked the doctor from seeing him, claiming that written permission from the ICPC Chairman was required.

According to him, the refusal flouted a clear court order granting his father unrestricted access to his doctors.

“Second, his wife, Aunty Aichatou, brought his evening meal at around 7pm as she normally does. ICPC personnel turned her away, saying they had orders not to permit food deliveries after 6:30pm, ‘ he wrote.

According to him, the arbitrary rules are outright assaults on the rule of law and a clear violation of their father’s constitutional and human rights.

The statement claimed that no lawful detention justifies denying medical access or refusing basic family care based on an arbitrary curfew fixed by the ICPC.

“We demand that all his constitutional rights be fully respected. We will no longer accept this pattern of intimidation dressed up as protocol,” he said.

According to him, the ICPC must abide by the very laws it claims to enforce.

Kwara police command inaugurates violent crime response unit

Kwara State Police Command, on Friday, officially inaugurated the Violent Crime Response Unit (VCRU).

‎The event held at the police officers’ mess in Ilorin marked the grand finale of the two-day capacity-building programme organized for officers of the newly established Unit, in line with the operational mandate of the Inspector-General of Police, Olatunji Disu, to strengthen intelligence-led response to violent crimes and deepen community-oriented policing.

‎The State Police Commissioner, Ojo Adekimi, formally constituted members of the Civilian Oversight Board and officially inaugurated the VCRU operational team, with its base at A Division, Ilorin.

‎In his speech, the Commissioner stated that the unit is mandated to tackle armed robbery, kidnapping, and other violent crimes through intelligence-driven operations, while ensuring protection of lives and property, strict compliance with the law and human rights standards, community trust, and public accountability in all its operations.

‎The programme featured security awareness lectures including “Public Safety and Security of the State” delivered by AIG Ishola Babatunde Baba-Ita (Rtd) and “Trust, Cooperation and Active Participation of Stakeholders in Securing Our Communities” delivered by SP Barrister A.M. Iwalaiye (Rtd).

‎Goodwill messages were delivered by key stakeholders, including the Senior Special Adviser to the Kwara State Governor on Security, Alhaji Aliyu Muyideen, traditional rulers, youth representatives, market leaders, transport union representatives, and special vigilante groups.

‎The interactive session also provided an avenue for questions, complaints, and suggestions geared towards strengthening police-community partnership and enhancing public safety across the state.

‎The state police command urged all residents to continue supporting security agencies through timely and credible information sharing, according to a statement by the spokesperson, SP Adetoun Ejire-Adeyemi.

S&P upgrades Nigeria’s credit rating to ‘B’, cites economic reforms

SP-Global-RatingsS&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the country’s macroeconomic profile, external position, and ongoing economic reforms.

The US-based global ratings agency announced the upgrade on Friday while affirming Nigeria’s short-term ratings at “B” with a stable outlook.

According to S&P, higher oil production and prices, increased domestic refining capacity, and the liberalisation of the foreign exchange market in 2023 have strengthened Nigeria’s economic growth and balance of payments position.

“On May 15, 2026, S&P Global Ratings raised its long-term foreign and local currency sovereign credit ratings on Nigeria to ‘B’ from ‘B-‘ and affirmed our ‘B’ short-term rating

“At the same time, we raised our long- and short-term Nigeria national scale ratings on the sovereign to ‘ngA+/ngA-1’ from ‘ngBBB+/ngA-2’. The outlook is stable.,” the agency stated.

S&P said Nigeria’s improved creditworthiness followed “three years of sustained structural reforms,” particularly the liberalisation of the exchange rate, which it said had improved access to foreign currency and supported investor confidence.

The agency noted that reforms aimed at broadening the tax base and increasing petroleum revenue transfers to the Federal Government had also strengthened fiscal performance.

It projected that Nigeria’s debt-to-revenue ratio would decline to 338 per cent in 2026 from about 500 per cent in 2023.

The ratings agency said the Federal Government’s decision not to reintroduce fuel subsidies had helped prevent wider budget deficits and preserve foreign exchange liquidity.

However, it warned that rising fuel prices linked to global oil market pressures and the Middle East conflict were contributing to inflationary pressures ahead of the 2027 general elections.

S&P projected inflation to average 17.7 per cent in 2026 before declining to below 10 per cent by 2028.

The agency also highlighted the impact of the Dangote Refinery and increased domestic refining capacity on Nigeria’s economy, saying the development would strengthen the country’s current account position and reduce dependence on imported refined petroleum products.

It forecast Nigeria’s current account surplus to rise to 5.8 per cent of GDP in 2026 from 4.8 per cent in 2025.

The agency said the stable outlook reflected a balance between Nigeria’s improved external position and growth prospects and persistent structural challenges such as low tax revenue, inflation, poverty, unemployment, and security concerns.

NCAA fines Xejet Airways over passenger rights violations

NCAAThe Nigeria Civil Aviation Authority has sanctioned a domestic carrier, XEJET Airways, over alleged violations of passenger rights, imposing a fine of N2m on the airline for consumer protection-related infractions.

The sanction, according to the Director of Public Affairs and Consumer Protection of the NCAA, Michael Achimugu, forms part of ongoing efforts to compel airlines to improve service delivery and ensure that passengers are treated fairly within Nigeria’s aviation sector.

Although details of the specific infractions were not disclosed, the NCAA spokesperson said the penalty was connected to breaches of consumer protection regulations designed to safeguard passengers against poor treatment, operational lapses, and service failures by airlines.

Speaking with our correspondent on the development, Achimugu confirmed that the airline had indeed been penalised by the authority. “Yes, it’s true, we are imposing sanctions on XEJET to the tune of N2m over violations of consumer protection,” Achimugu said.

He explained that while the regulatory body remained committed to enforcing standards, it was also conscious of the fragile operating environment facing domestic airlines and therefore tried to ensure that sanctions did not cripple their operations.

“Much as we are trying and ensuring that airlines are not regulated out of operations, we ensure that the sanction is minimal so airlines can continue to fly in Nigeria,” he stated.

Achimugu further stressed that the objective of the penalty was not revenue generation but to compel compliance and improve passengers’ experiences across the aviation industry.

“N2m is manageable. You should already know that sanctions are not to make money for us but to correct wrongdoings and improve the quality of their service, that’s all,” he added.

The development comes amid growing complaints from air travellers over flight delays, cancellations, poor communication, and inadequate customer care by some domestic carriers.

Many passengers have repeatedly called on the NCAA to adopt tougher measures against erring airlines to restore confidence in the sector.

A traveller, Adeniran Jones, who claimed she had suffered delays at airport terminals in Nigeria, viewed the sanction as a good way of restoring passengers’ confidence in the industry’s regulatory framework.

“This is what passengers have been asking for. When airlines know there are consequences for poor treatment, they will sit up and do the right thing.”

When contacted, the spokesperson of the airline, Juliet Atikpekpe, confirmed the development, adding that the sanction was being handled by the authority. “I can’t really speak further now. Let’s continue the conversation tomorrow. That is the only thing I can say for now,” she said.

Sterling Financial Holdings sustains growth momentum as assets cross ₦4 Trn mark in Q1, 2026

…Group profit rises 89% in FY2025, 53% in Q1 2026
Sterling Financial Holdings Company Plc (“Sterling Financial” or “the
Group”) has announced its audited financial results for the year ended December 31,
2025, alongside its unaudited results for the first quarter ended March 31, 2026,
delivering strong earnings growth, balance sheet expansion, and improved capital
strength across the Group.
According to statement by Group CFO, Sterling Financial Holdings Company PLC, Adebimpe Olambiwonnu, Gross Earnings for FY2025 increased by 44.4% to ₦486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax rose by 89.2% to ₦86.8 billion, while Profit After Tax increased by 74.8% to ₦76.3 billion.
The Group’s balance sheet also strengthened significantly during the year. Total Assets reached ₦3.91 trillion, Customer Deposits grew to ₦2.98 trillion, and Loans and Advances closed at ₦1.41 trillion while Shareholders’ Funds expanded by 40.5% to ₦428.7 billion.
Sterling Financial sustained this momentum into the first quarter of 2026, with Total
Assets crossing the ₦4 trillion threshold for the first time, reaching ₦4.07 trillion.
Gross Earnings for Q1 2026 rose by 41.6% year-on-year to ₦134.8 billion, supported by
a 36.8% increase in Net Interest Income to ₦64.9 billion.
Operating income reached ₦93.4 billion during the quarter, while Profit Before Tax
increased by 52.8% to ₦27.9 billion and Profit After Tax rose to ₦23.4 billion.
Shareholders’ Funds strengthened further to ₦542.5 billion following the successful
completion of the Group’s recapitalisation programme.
Commenting on the Group’s performance, Yemi Odubiyi, Group Managing Director
of Sterling Financial Holdings Company Plc, said: “Our FY2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.
The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”
This period represents an important phase in Sterling Financial’s evolution, as the
continued growth of Sterling Bank and The Alternative Bank, alongside the expansion
of SterlingFI Wealth Management, positioned the Group to compete across multiple segments under a unified Group structure and shared strategic agenda.
The Group enters the rest of 2026 with stronger capital, expanded operating capacity and continued momentum across its banking and wealth-management businesses.
Sterling Financial Holdings Company PLC (Sterling Financial) is a leading Nigerian financial services group committed to enriching lives through innovation and impact. It’s diversified portfolio includes Sterling Bank Limited, The Alternative Bank Limited and SterlingFI WealthManagement among other businesses.
As a holding company, Sterling provides strategic direction, governance, and shared
capabilities across its subsidiaries, enabling each to focus on its core mandate while benefiting from group-wide expertise, technology, and oversight.
With a heritage of trust built over six decades, Sterling Financial is committed to financial innovation, advancing inclusion, and shaping sustainable growth in Nigeria’s economy. The group continues to champion customer-focused solutions and socially responsible initiatives while creating long-term value for shareholders, employees and the communities it serves.
PenCom begins free healthcare scheme for low-income pensioners

National Pension Commission PENCOMThe National Pension Commission has commenced the pilot phase of a free healthcare initiative for low-income pensioners under the Contributory Pension Scheme, with registration now open for 30,000 retirees nationwide.

The commission, in a notice issued on Friday, said the initiative, known as PenCare, is designed for retirees aged 60 years and above who earn monthly pensions of not more than N70,000 from Pension Fund Administrators.

PenCom stated that the programme would operate on a first-come, first-served basis and urged eligible retirees to register through its website or the websites of Pension Fund Administrators. “The National Pension Commission invites retirees under the CPS to enrol in the free healthcare initiative, PenCare,” the commission stated.

It added, “If you are at least 60 years old and receive a monthly pension not more than N70,000 from a Pension Fund Administrator, you qualify for this pilot phase.

The commission disclosed that registration had commenced for up to 30,000 eligible retirees, directing applicants to visit the PenCom website or PFA platforms for enrolment. According to the notice, the programme is being introduced as a Corporate Social Responsibility initiative to ease healthcare costs for pensioners.

“PenCare is a CSR project dedicated to preserving your dignity and well-being by reducing the burden of medical expenses,” PenCom stated.

The development comes amid growing concerns about the welfare of retirees in Nigeria, particularly pensioners facing rising medical bills and inflation that has eroded purchasing power.

The PUNCH earlier reported that the National Pension Commission inaugurated the Board of Trustees for PenCare, the Pension Industry Healthcare Initiative, with the pioneer Director-General of the Commission, Muhammed Ahmad, named chairman.

According to PenCom, PenCare is a healthcare programme created to ensure retirees under the Contributory Pension Scheme have access to quality healthcare.