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Sheriff Walks Out Of PDP Stakeholders Meeting …As Jonathan Heads Fresh Reconciliation C’ttee
The Chairman of the Peoples Democratic Party, PDP, yesterday walked out of the party’s stakeholders meeting organised by former President Goodluck Jonathan.
Mr. Sheriff, who got to the venue of the meeting a few minutes after Mr. Jonathan had delivered his remarks, walked out with members of his National Working Committee at about 4.15 p.m.
Some of the executive members with him were the Deputy National Chairman, Cairo Ojougboh; and the Publicity Secretary, Mikko Bernard.
Mr. Sheriff, addressing journalists before leaving, expressed displeasure for not being allowed to make the opening remarks.
“We are here for PDP stakeholders meeting and the PDP has only one national chairman, which is Ali Modu Sheriff.
“There is no PDP meeting that will take place under whatever arrangement that I will not open the session as national chairman. Today, I’m the most senior member of this party.”
Mr. Sheriff also said that he would not be party to anything outside the reconciliation report submitted to him by Governor Seriake Dickson of Bayelsa.
Asked about the way forward for the party, Mr. Sheriff said: “As the National Chairman of PDP, I will move on with the programmes initiated by Gov. Dickson.
The meeting, however, continued after Mr. Sheriff’s walk-out.
Dr. Jonathan, speaking on the outcome of the meeting, regretted what happened during the meeting.
According to him, the issues will be addressed once a committee set up comes out with its own recommendations.
Jonathan said the committee was set up to find a political solution to the party’s leadership crisis.
He said the constitution of the committee was a major outcome of a stakeholders meeting of the party’s members held on Thursday.
Mr. Jonathan, who convened the meeting, said that the committee would be chaired by him and had two weeks to submit recommendations for consideration by the stakeholders.
He said that in his absence, the committee would be chaired by former vice president, Namadi Sambo or former Senate President, David Mark.
Mr. Jonathan said that PDP leaders believed that various matters of the party before the courts would be resolved in the next few months but that the party would not surrender its powers entirely to the court.
“We will take some steps to make sure that we will keep our people together and work with all the interested parties to see how we can resolve this difference.’’
He listed members of the committee as six from the Board of Trustees – one per geo-political zone as well as six each from the two groups within the party.
Others members, according to him, are all PDP governors, Deputy President of the Senate, Senate Minority Leader, House of Representatives Minority Leader and Minority Whip.
“We will consult with both groups and take two former governors – one from the North and one from the South; two former ministers, two women, two youths – all will be one from the north and one from the South,’’ he added.
Mr. Jonathan expressed optimism that when the committee met, minor issues experienced during the stakeholders meeting would be resolved.
Earlier at the opening of the meeting, Mr. Jonathan had urged PDP leaders to make personal and general sacrifices to ensure quick resolution of the party’s problems.
He described PDP as a symbol of democracy and said that there was no sacrifice too big for anybody who believed in the party to make.
He reminded the members that the prolongation of the party’s crisis had cost them so much in election fortunes, in recent times.
“The loss of Edo and Ondo gubernatorial elections is still fresh in our memory.
“It goes without saying that we cannot afford to have a repeat of that in the forthcoming elections in Anambra, Ekiti and Osun states.’’
He, therefore, said that it was high time the members buried their hatchet, suppressed their ego and prepared to make sacrifices in the interest of PDP and the country.
The Chairman of the Board of Trustees, Walid Jubrin, urged the party leaders to embrace strategies that would regain the party’s lost glory.
A member of the party, who pleaded anonymity, said that Mr. Sheriff was not allowed to address the meeting because he insisted that the factional chairman of the caretaker committee, Ahmed Makarfi, should not be allowed to address the meeting.
Both Messrs. Sheriff and Makarfi were scheduled, in the agenda of the meeting, to deliver goodwill messages.
PDP members present include Tom Ikimi, Prince Uche Secondus, Sen. Ahmed Makarfi, Olisa Metuh, Saminu Turaki, David Jang and Adolphus Wabara.
Also present were some PDP governors, former ministers, and the BoT members.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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