Connect with us

Business

PDP Wins Delta Senatorial Bye-Election …As Mixed Reactions Trail Poll

Published

on

Executive committee members of Traders' Rights Protection Initiative, at the 2013 annual business award ceremony in Lagos last Saturday. Photo: NAN

Executive committee members of Traders’ Rights Protection Initiative, at the 2013 annual business award ceremony in Lagos last Saturday. Photo: NAN

The Independent National Electoral Commission (INEC) has declared Mr Emmanuel Aguariavwodo of the Peoples Democratic Party (PDP), winner of the October 12, Delta Central Senatorial District bye-election.
The Returning Officer, Prof. John Arubayi, announced yesterday in Ughelli, Delta State, that Aguariavwodo polled 263,024 votes to defeat eight other candidates.
Arubayi said Mr Otega Emerhor of the All Progressives Congress (APC) scored 29,075 votes to emerge second, while Mr Ede Dafinone of the Democratic Peoples’ Party (DPP) followed with 29,055 votes.
According to the declared result, PDP won in all the eight local government areas in the senatorial district, though the opposition parties claimed there were malpractices.
But the INEC official described the conduct of the by-election as free and transparent and urged all the political parties that took part in the exercise to accept the result in good faith.
He commended the political parties and their agents for the peaceful conduct of the election.
Voting started late in many of the voting centres, following the late arrival of electoral and voting materials at the polling units and the voting period was extended for hours as a result.
Earlier, the Resident Electoral Commissioner in Delta State, Mrs Gesila Khan, had described the election as peaceful in spite of some initial challenges.
She said “normally, voting ought to have started at 12.30 p.m., but because of the initial hiccups, it was not so. However, it ended peacefully at the end of the day.’’
The resident electoral commissioner said the initial challenges encountered were a normal occurrence.
“There can never be 100 per cent perfection in any election conduct anywhere in the world,’’ she added.
The Commissioner of Police in Delta State, Mr Ikechukwu Aduba, said the bye-election was peaceful because his men were at all the voting centres to maintain law and order.
Aduba had earlier warned against violence during the poll, threatening to deal with any person found disrupting the election.
He had also warned policemen in the state to steer clear politicians and government officials during the exercise, saying that any violation of the order would be severely punished.
The bye-election followed the death of Sen. Pius Eweridoh of DPP on June 30, 2013.
Meanwhile, the Democratic Peoples’ Party (DPP) has reacted to the October 12 Delta Central Senatorial District bye-election won by the PDP, alleging that it was rigged.
In a statement issued by the DPP Chairman in Delta State, Chief Tony Ezeagwu, the party alleged that the election was a sham and disassociated itself from the election.
It also alleged that “the scale of impunity and violence by PDP thugs, cultists and security agents is just unimaginable.
“There was no election and we know the conflagration that could follow if we do not stop our people early enough from going to collation centres to witness the results collation.’’
The party, however, urged its members and supporters to remain peaceful.
In his reaction, the PDP Publicity Secretary in Delta State, Mr Macaulay Deighan, said the party’s victory was well-deserved and the alleged rigging was false.
Deighan said that the electorate voted for the party’s candidate, Emmanuel Aguariavwodo, because they believed in him, adding that the party worked hard to secure the victory.
He described the election as peaceful, saying security agencies were on ground to maintain peace and order.
He added that “it is not a surprise that we won the election because we campaigned seriously to regain the seat.
“The allegation about rigging is baseless because it was a one-man-one-vote affair, which everybody witnessed. PDP is the majority party in the state.’’
On his part, the All Progressives Grand Alliance (APGA) Chairman in the Delta State, Mr Ogueshi Eboka, said PDP won the election and the exercise was peaceful.
“We participated and we tried our best but could not win. Definitely, I knew that PDP would win,” he said.
However, the All Progressives Congress (APC) alleged that the bye-election was marred by electoral malpractice “and widespread violence perpetrated by security agents and thugs.’’
The party made the allegation in a statement issued in Lagos on Sunday by its Interim National Publicity Secretary, Alhaji Lai Mohammed.
The APC alleged that there was no voting at all in most of the eight local government areas and the 85 wards in the district.
It also alleged that “the PDP used armed security agents to chase away voters in opposition strongholds.’’

Continue Reading

Business

NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

Published

on

NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
Continue Reading

Business

Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

Published

on

Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
Continue Reading

Business

Wema Bank Admits 10 Startups into Hackaholics 2026

Published

on

Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
Continue Reading

Trending