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Presidential Election 2023: INEC Declares Bola Tinubu Winner

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Presidential Election 2023: INEC Declares Bola Tinubu Winner

The Independent National Electoral Commission in the early hours of Wednesday, March 1, 2023, declared Senator Bola Tinubu, candidate of the All Progressives Congress, as the winner of Saturday, February 25, Presidential Election. 

The INEC Chairman, Mahmood Yakubu, announced the final result at exactly 4.10 a.m. saying he was satisfied, that after days of collation of results from across the nation’s 36 states, and the Federal Capital Territory, the winner and president-elect polled a total of 8,794, 726 votes.

He highlighted that former Vice President, Atiku Abubakar of the Peoples Democratic Party, polled 6, 984, 520 votes; when the Labour Party flagbearer, Peter Obi obtained 6, 101, 533 votes,

The flag bearer of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso secured 1,496,687 votes.

The INEC Chairman, Prof. Mahmood Yakubu said that Tinubu is declared returned and elected haven satisfied the requirements.

“That Tinubu Bola Ahmed of the APC has satisfied the requirements of the law and scoring the highest votes is hereby declared winner and elected,” Yakubu said. 

Yakubu also listed the votes scored by other political parties and their Presidential Candidates as follows: Accord (A), Prof. Christopher Imumulen- 61,014

Action Alliance (AA) Almustapha Hamza-14,542

African Action Congress (AAC) Omoyele Sowore-14,608

African Democratic Congress (ADC) Dumebi Kachikwu-81,919

Action Democratic Party (ADP) Sani Yabagi -43,924

All Progressives Congress (APC) Sen. Bola Tinubu-8,794,726

All Progressives Grand Alliance (APGA), Prof. Peter Umeadi -61,966

Allied Peoples Movement (APM), Princess ChiChi Ojei-25,961

Action Peoples Party (APP) Nnadi Charles Osita-12,839

Boot Party (BP), Adenuga Oluwafemi-16,156

National Rescue Movement (NRM) Osakwe Felix Johnson -24,869

Peoples Democratic Party (PDP) , Atiku Abubakar-6,984,520

Peoples Redemption Party ( PRP), Kola Abiola-72,144

Social Democratic Party (SDP) Prince Adewole Adebayo-80,2067

Young Progressive Party (YPP) Prince Abdulmalik Ado-Ibrahim-60,600

Zenith Labour Party (ZLP) Nwanyanwu Daberechukwu-77,665

He gave the total number of registered voters in the country as 93,469,008, accredited voters as 25,286,616, valid votes as 24,025,940 and rejected votes as 939,278.

The election result sheets were however not signed by PDP, LP, NNPP, and other parties which had earlier on Monday staged a walkout of the national collation centre, alleging the process of the election had been compromised, demanding the election should be cancelled and a fresh poll be conducted.

They also demanded that INEC Chairman should step aside and allow another person to conduct the election.

According to Yakubu, Certificate of Return for the president-elect and vice president-elect would be issued on Wednesday at 3 pm, while the commission would on Thursday issue a statement on when the Certificate of Return for the senators-elect and House of Representatives members-elect would be issued.

TINUBU’s ACCEPTANCE SPEECH:  Era Of Renewed Hope Begins

My fellow Nigerians, 

I am profoundly humbled that you have elected me to serve as the 16th President of our beloved Republic. This is a shining moment in the life of any man and affirmation of our democratic existence. From my heart, I say thank you.

Whether you are Batified, Atikulated, Obidient, Kwankwasiyya, or have any other political affiliation, you voted for a better, more hopeful nation and I thank you for your participation and dedication to our democracy.

You decided to place your trust in the democratic vision of a Nigeria founded on shared prosperity and one nurtured by the ideals of unity, justice, peace and tolerance. Renewed hope has dawned in Nigeria.

We commend INEC for running a free and fair election. The lapses that did occur were relatively few in number and were immaterial to the final outcome.  With each cycle of elections, we steadily perfect this process so vital to our democratic life.

Today, Nigeria stands tall as the giant of Africa. It shines even brighter as the continent’s biggest democracy.

I thank all who supported my campaign. From President Buhari who adeptly led my campaign as its chairman, to my Vice Presidential Candidate, Senator Kashim Shettima. 

To the progressive governors of our party and this nation, to the party leadership, to our loyal party members. I owe you a debt of gratitude. To the entire campaign organization, I thank you sincerely. 

I thank my loving wife and dear family whose support was ceaseless and inspiring. Without you, this victory would not be possible.

I am grateful to Almighty God. By His mercy, I was born a son of Nigeria and through His sublime purpose I find myself the victor of this election. May He grant me the wisdom and courage to lead the nation to the greatness He alone has destined for it.

Finally, I thank the Nigerian people for their abiding belief in our democracy. I shall be a fair leader to all Nigerians. I will be in tune with your aspirations, charge up your energies and harness your talents to deliver a nation that we can be proud of.

To my fellow candidates, former VP Atiku, former governor Kwankwaso, former governor Obi and all others, I extend the hand of friendship. This was a competitive, high-spirited campaign.  

You have my utmost respect. 

Political competition must now give way to political conciliation and inclusive governance. 

During the election, you may have been my opponent but you were never my enemy.  In my heart, you are my brothers.

Still, I know some candidates will be hard put to accept the election results. It is your right to seek legal recourse. What is neither right nor defensible is for anybody to resort to violence. Any challenge to the electoral outcome should be made in a court of law, and not in the streets.

I also ask my supporters to let peace reign and tensions fade. We ran a principled, peaceful and progressive campaign. The aftermath of our campaign must be as benign.

Yes, there are divisions amongst us that should not exist. Many people are uncertain, angry and hurt; I reach out to every one of you. Let the better aspects of our humanity step forward at this fateful moment. Let us begin to heal and bring calm to our nation.

Now, to you, the young people of this country, I hear you loud and clear. I understand your pains, your yearnings for good governance, a functional economy and a safe nation that protects you and your future.

I am aware that for many of you Nigeria has become a place of abiding challenges limiting your ability to see a bright future for yourselves. 

Remodeling our precious national home requires the harmonious efforts of all of us, especially the youth. Working together, we shall move this nation as never before. 

My running mate, Vice President-elect Shettima, and I understand the challenges ahead. More importantly, we also understand and deeply value the talent and innate goodness of you, the Nigerian people. We pledge to listen and to do the difficult things, the big deeds, that put us on the path of irreversible progress. Hold us firmly to account, but please give us a chance first.  

Together, we shall build a brighter and more productive society for today, tomorrow and for years to come.

Today, you have given me the greatest honor you can bestow on one man.

In return, I will give you my utmost as your next president and commander-in-chief. Peace, unity and prosperity shall be the cornerstones of the society we intend to build. When you gaze upon what we shall accomplish in the coming years, you shall speak with pride at being a Nigerian.

I thank you all.

God bless you all.

God bless the Federal Republic of Nigeria.

Asiwaju Bola Ahmed Tinubu

President-Elect, Federal Republic of Nigeria:

March 1, 2023

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Super Eagles beat hosts Guinea Bissau, to reclaim Group ‘A’ leadership

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Super Eagles beat hosts Guinea Bissau, to reclaim Group 'A' leadership

The Super Eagles on Monday in Bissau beat hosts Guinea Bissau 1-0 to reclaim leadership of Group A in the 2023 Africa Cup of Nations (AFCON) qualifiers.

Moses Simon’s penalty kick after 29 minutes gave the Nigerian senior men’s football team the needed win to move to nine points after four matches.

They have now upstaged from the apex position Guinea Bissau who toppled them on Friday in Abuja with a 1-0 win.

Guinea Bissau is with seven points from four matches and in second place, ahead of Sierra Leone who has five points from four matches.

Nigeria is expected to now face the Leone Stars of Sierra Leone in a Match Day 5 fixture.

 Details later  

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Banking & Finance

NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart

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NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart

The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities.

Accordingly, investors lost N622 billion in value as market capitalisation declined to  N29.281 trillion from N29.903 trillion recorded at the previous session.

The All-Share Index (ASI) fell by 1,141.76 points, representing a decline of 2.08 percent, to close at 53,750.77 points as against the 54,892.53 posted on Friday.

Consequently, the ASI’s year-to-date (YTD) return fell to 4.88 percent.

The downturn was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Airtel Africa, Seplat Energy, MTN Nigeria Communications (MTNN), Nigerian Breweries and Lafarge Africa.

“We expect risk-on sentiments to be sustained in the equities markets even as the depressed interest rate environment will continue to favour the local bourse in line with our expectations for Q1, 2023.

“Taking positions in stocks with solid valuations and dividend yields ahead of the dividend-paying season remains the choice strategy.

“However, we see room for extended profit-taking activities,” Analysts at United Capital Plc said.

The market breadth was negative as 21 stocks lost relative to five gainers.

Courteville Business Solutions recorded the highest price gain of 6.67 percent to close at 48k per share.

NPF Microfinance Bank followed with a gain of 2.7 percent to close at N1.90 and AIICO Insurance up by 1.75 percent to close at 58k per share.

FBN Holdings (FBNH) rose by 0.92 percent to close at N11, while Zenith Bank gained 0. 2 percent to close at N25 per share.

Conversely, NCR Nigeria led the losers’ chart by 9.79 percent to close at N2.12, per share.

Unity Bank followed with a decline of 9.43 percent to close at 48k, while Prestige Assurance declined by 8.89 percent to close at 41k, per share.

SUNU Assurance declined 8.33 percent to close at 44k, while Multiverse Mining and Exploration and Airtel Africa shed 8.31 percent each to close at N2.98 and N1,420 respectively per share.

Also, the total volume traded decreased by 26.66 percent to 100.883 million units, valued at N4.342 billion and exchanged in 3,279 deals.

Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the activity chart with 12.836 million shares valued at N318.513 million.

Zenith Bank followed with 11.920 million shares worth N297.982 million, while United Bank for Africa (UBA) traded 10.038 million shares valued at N80.242 million.

MTNN traded 8.264 million shares valued at N1.927 billion, while FBNH transacted 7.719 million shares worth N84.577.

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Latest News

MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

…Jamoh reiterates  commitment to Ease of Doing Business 

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Communications Commission (NCC) have agreed to work closely with relevant stakeholders as the Agency inches closer to developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. 

Officials of both organs of Government in Lagos reached this agreement at a pre Audit meeting on submarine cable regulation.

The Director General of NIMASA Dr. Bashir Jamoh, OFR, who chaired the meeting, which also had the Director General of Bureau of Public Service Reforms (BPSR) Mr. Dasuki Arabi in attendance, noted that the Agency is committed to the Ease of doing Business while implementing International Conventions which Nigeria has ratified and domesticated. 

He noted that with Nigeria now a destination for global communication players, the time has come to prevent unregulated underwater cable laying, which might become hazardous to shipping.

According to him, “It is worthy to note that marine cable laying has been ongoing for over two decades in Nigerian waters. Our focus is to ensure safety of navigation of shipping in Nigerian waters with all these underwater cables being laid.

NIMASA is actually developing the guidelines to regulate submarine cable operators in line with the provisions of the United Nations Convention on the Law of the Sea, UNCLOS; which we have ratified and NIMASA is the Agency of Government in Nigeria responsible for its implementation. We do not just implement laws; we consult. Where the responsibility of an Agency stops, that is where the responsibilities of another Agency start. Collaboration is a key component of ease of doing business in the best interest of the country and we will work closely with the NCC to achieve this”.

On his part, the Executive Vice Chairman of the NCC, Professor Umar Garba Danbatta who was represented by the Director, Compliance Monitoring and Enforcement, Efosa Idehen noted that the stakeholders’ dialogue strategy adopted by NIMASA in developing the guidelines would ensure a win-win situation urging NIMASA management to include the Ministry of Justice, a request NIMASA DG immediately granted.

Also speaking at the meeting was the Director General of the Bureau of Public Service Reforms Mr. Dasuki Arabi, who commended NIMASA and NCC for adopting effective Inter-Agency collaboration to avert a potential challenge for the country in the future.

NIMASA had notified submarine and cable operators in Nigeria of a soon-to-be-implemented regulatory guideline for submarine cables and pipelines in Nigeria, in line with the provisions of UNCLOS. NIMASA and the NCC agreed to identify and resolve areas of likely regulatory overlaps, ensuring a regulatory framework based on consultation to engender the attainment of Nigeria’s digital economy transformation.

Officials of the Federal Ministry of Environment and representatives of Submarine Cable operators in Nigeria were also at the meeting.

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