Tuesday, April 21, 2026
31.8 C
Lagos

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

A customer of Mutual Benefits Assurance Plc, Mr. Abdelhamid...

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

A customer of Mutual Benefits Assurance Plc, Mr. Abdelhamid...

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

APC Plans Mass Re-engineering of Federal System

The emerging APC administration is seriously considering mass re-engineering of the federal system, especially Ministries, Departments and Agencies (MDAs) to ensure the success of its policies and programmes when the party takes office at the federal level on May 29, 2015.

A senior APC chieftain confided in Business Journal in Abuja that considering that most of the heads of the MDAs were brought into office by the Peoples Democratic Party (PDP) or were clandestine card carrying members of the PDP, which had been in power since 1999, the success of APC policies may not be guaranteed under them.

The APC official said five basic criteria were being considered in the re-engineering process thus:
· Membership of PDP
· Level of Closeness to the Jonathan Administration
· Funding of Jonathan’s Presidential Campaign
· Those Tainted by Corruption/Incompetence
· Process of Nomination for Appointment

He said the last factor (nomination) is considered critical because many of the MDA heads were nominated by PDP chieftains, either on the basis of personal friendship or party loyalty and membership of PDP.Buhari

“Accordingly, leaving such MDA heads to operate within the emerging APC government could be considered as having PDP moles in the government,” the official said.

He added that what would make the process easier for the party is that the first tenure of the targeted officials will run out in 2015, which would open the door for an APC-appointed replacement without much rancor.

Responding to the development, an economic analyst in Lagos said:
“Well…it is a normal phenomenon for a new government to replace certain officials it considers too close or loyal to the previous regime, and as such could not be trusted, understand and have the capacity to implement the policies of the new administration. So, naturally, l expect some high-ranking officials to drop off the scene after May 29.”

However, another analyst insisted that performance should be considered as better benchmark in replacing heads of MDAs, being core professionals, rather than party affiliation.

In the final words of the APC chieftain:
“The re-engineering process is basically designed to root out politically incorrect individuals in the federal government system before they undermine the success of our government. The last thing we want are PDP moles in the system, setting up booby traps for the in-coming APC administration to fail.”

Hot this week

The Nigeria Prize for Literature 2026 Receives 223 Entries

Second from left: Abdul Umar, Manager, Government Relations, representing...

Stanbic IBTC Leads High-Level Trade, Finance Engagements at Global Trade Review West Africa 2026

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Beyond Digital: Why Nigerian Banks, Corporates Still Bet Big on Print Media Advertisements 

P + Measurement Services Nigeria’s leading independent media intelligence...

BUA Foods MD Highlights Real Sector Transformation as Key to Nigeria’s Economic Future

BUA Foods Plc has been recognised as the Outstanding...

Bank of Industry Signs Strategic Partnership with RMRDC to Foster Agric Value-Chain Growth

Managing Director and Chief Executive Officer of the Bank...

Topics

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

NCC Targets Completion of First Digital Park in January 2023

Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC),...

Polaris Bank Partners Amtis Skills Place to Empower Young, Next Generation Designers

In its determination to produce the next generation of...

Airlines Financial Monitor—January 2O16

Key Points: · Worldwide airline share prices fell by 10%...

Wema Bank, Standard Chartered Explore Partnership Opportunities

  L-R: MD/CEO, Wema Bank Plc, Mr. Moruf Oseni; Executive...

The 2nd Nigeria ICT Festival 2016 Postponed

The 2nd Nigeria ICT Festival earlier scheduled for Thursday,...

NDIC, CIBN Strengthen Collaboration in Emerging Issues in the Financial Sector

L-R: President/Chairman of Council, Chartered Institute of Bankers of...

Bullish Performance Sustained on Bargain Hunting… ASI Up 53bps

The domestic equities market advanced 0.5% in yesterday’s trading...
Exit mobile version