News

‘2027 election will be decided by Nigerians, not Obasanjo’s views’ – ADC

Published

43 minutes ago

August 3, 2026

Preport

The African Democratic Congress (ADC) has said the outcome of the 2027 presidential election will be decided by Nigerians, not by the personal opinion of former President Olusegun Obasanjo.

In a statement issued on Monday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused the ruling All Progressives Congress (APC) of focusing on comments made by Obasanjo about the party’s presidential candidate, Atiku Abubakar, instead of responding to growing concerns over the country’s economic situation.

The party said the election would be determined by the daily experiences of Nigerians under the current administration, particularly on issues such as the economy, insecurity and the rising cost of living.

According to the party, the APC turned attention to Obasanjo’s remarks after Catholic Bishops criticised the state of the nation during their recent meeting with President Bola Tinubu.

“The APC has become obsessed with our presidential candidate, Alhaji Atiku Abubakar. Instead of defending its record after the Catholic Bishops spoke about the state of the nation, it has chosen to use former President Olusegun Obasanjo’s comments to divert attention from its performance over the last three years,” Abdullahi said.

The ADC also accused the ruling party of attacking critics rather than addressing the issues they raise.

“Whenever respected Nigerians speak about worsening poverty, insecurity, the rising cost of living or the loss of public confidence, the APC does not answer for its record. Instead, it looks for someone to attack. Yesterday it was the Catholic Bishops, today it is Atiku Abubakar, tomorrow it will be someone else,” the statement said.

On Obasanjo’s remarks, the opposition party said the former president was entitled to his personal views but argued that such opinions could not erase Atiku’s record in government.

“During the administration in which Atiku Abubakar served as Vice President and Chairman of the National Economic Council, Nigeria experienced stronger economic growth, greater investor confidence and a more affordable cost of living than it does under the current administration,” the party said.

The party also challenged the Federal Government to explain why food prices continue to rise despite claims of economic growth, why more Nigerians have fallen into poverty, why unemployment remains high, why government borrowing has increased and why insecurity continues in many parts of the country.

The ADC insisted that these issues, rather than the views of any individual, would shape the choice Nigerians make in the next presidential election.

“The 2027 presidential election will not be determined by the opinion of any individual but by the daily realities of over 200 million Nigerians who, today, are poorer, face greater insecurity and are more uncertain about their future than they were before the Tinubu administration came into office,” the party said.

News

Glasgow 2026 Fall-out: Our Contingent Competed With Courage, Honour, Determination – Bukola Olopade

Published

1 hour ago

August 3, 2026

Preport

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As reactions continue trailing Nigeria’s seventh-place finish at the 2026 Commonwealth Games in Glasgow, Scotland, Director-General of the National Sports Commission (NSC), Honourable Bukola Olopade, has opined that the contingent ‘competed with courage, honour and determination.’

Sports247 reports that, while many critics expressed disappointment that the country could not get victory in blue ribbon events like men’s 100m, women’s 100m hurdles and both 4x100m relays, Olopade insisted it was a successful outing, as Nigeria placed first among all African countries present.

Olopade went on to shower accolades on the entire contingent, praising them all for what he referred to as their impressive performances in Glasgow, with a verdict that they brought another level of national pride to Nigeria with their haul of 10 gold, seven silver and seven bronze medals

He took to social media to formally commend the athletes, coaches and officials for their efforts and commitment, while also asserting that the medals represent more than sporting success.

He reasoned further that, beyond the glory in sports that the 24 medals represent, they also serve as another memorable milestone in the transformation of Nigerian sports under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Olopade posted on X, “I am immensely proud of every athlete, coach and official who represented Nigeria. You competed with courage, honour and determination; proving once again that the Nigerian spirit can never be broken. Beyond the medals, you inspired millions of Nigerians.

“(You have) restored confidence in our sporting future and showed the world that Nigerian sports are on a steady path of renewal and excellence. Our 24 medals are not just a reflection of talent, but also of discipline, resilience and commitment to fly our nation’s flag with pride.”

Business

HBM Nigeria, United Capital, Wema Bank top stock pick this week

Published

2 hours ago

August 3, 2026

Preport

Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.

This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.

This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

HBM Nigeria

HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.

United Capital

United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.

Wema Bank

Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.