Economy
David Mark Emerges Chairman, Rauf Aregbesola Gets National Secretary As Coalition Adopts ADC
David Mark Emerges Chairman, Rauf Aregbesola Gets National Secretary As Coalition Adopts ADC
David Mark emerges chairman, Rauf Aregbesola gets national secretary as coalition adopts ADC. The coalition, which includes Atiku Abubakar, Nasir El-Rufai, Peter Obi, and Kayode Fayemi, is now expected to challenge President Bola Tinubu and the APC at the 2027 elections.
Nigerian opposition bigwigs have adopted the African Democratic Congress, ADC, as the political vehicle for their 2027 campaign, an official said.
The new coalition immediately announced David Mark, a former Senate president, and Rauf Aregbesola, a former governor of Osun, as its national chairman and national secretary, respectively.
Mr Mark’s new role as interim national chairman was announced on Tuesday night by Kola Ologbondiyan, a frontline media adviser for the coalition.
Mr Aregbesola announced his acceptance of the national secretary position in a statement Tuesday night.
The coalition, which includes Atiku Abubakar, Nasir El-Rufai, Peter Obi, and Kayode Fayemi, among others, is now expected to challenge President Bola Tinubu and his ruling All Progressives Congress at the ballot box in 2027.
Read Mr Aregbesola’s full statement below.
NIGERIA UPDATE: ACCEPTANCE SPEECH by: GOV RAUF AREGBESOLA on appointment as THE INTERIM NATIONAL SECRETARY, ADC – The party platform adopted by the National Opposition Coalition Group – Tuesday, 1st July, 2025 – PART 1 of 2
Dear Party Leaders, Distinguished Members, Friends, and Fellow Citizens,
It is with deep humility, a profound sense of duty, and unwavering hope for our people, nation, race and party and that I accept the appointment as The National Secretary of our great party.
I thank the leadership for the trust reposed in me. But more than that, I thank every committed member of this party are those who still believe that politics can be a force for good, people who believe that party forms government and must control it. Those who believe in the supremacy of the party in a democracy and all products of democratic contests.
Those who recognise that parties must stand for and with the people in the promotion of their interests and aspirations.
That parties therefore are not merely machines for winning elections but institutions for mobilizing, organizing, energizing, educating, empowering and encouraging the people towards their emancipation and development.
Let me begin by saying this: a political party is not a platform for opportunism. It is not a mere vehicle to power for the few, nor a tool for personal ambition. A political party, in its truest form, is a living institution built on values, guided by ideals, and accountable to the people it seeks to serve.
Throughout Africa’s history, and particularly in the legacy of the African National Congress (ANC) of South Africa; a 113 year- behemoth of party organization that is impeccable in its credibility as a model of supremacy of party over its creation (government and popularly elected officials) have seen what a party grounded in ideology, principle, and people-centered struggle can achieve.
The ANC is not perfect but it stands for something. It was forged in resistance, sharpened by vision, and led by men and women who believe in justice, dignity, equality, inclusivity of all interests and true freedom. It has character. It has soul. It is therefore a true platform for the expression of their aspirations.
Sadly, in Nigeria today, we cannot say the same about many of our political parties.
Our political landscape is plagued by parties that lack ideological depth. They are empty shells merging and splitting, not over policy or principle, but over power and personality. There is little regard for the people, and even less for the country.
That is not the kind of party we must be. That is not the kind of party I will serve.
As the National Secretary, I will work to build a party that has a clear ideological compass, a party that is absolutely committed to the people, rooted in democratic values, rule of law, social justice, accountability, transparency and national development. A party that listens and works for to the people, not only during elections, but every single day.

David Mark Emerges Chairman
We must become an institution where:
(1) Internal democracy is not just preached but practised.
(2) Intra-party competition is transparent, fair, and just.
(3) All party structures from the ward to the national level and function effectively and efficiently.
(4) Young people, women, and the marginalised have a real voice, not symbolic inclusion.
(5) All special and critical interests(security, educators, farmers, workers, women, youth, professionals, people with special needs, etc., must be recognised and allowed to have autonomous structures within the party.
We will model international best practices in party organisation, administration, and ethics. We will study what works from South Africa to Sweden, from Chile to Kenya, and adapt what fits our local reality. Discipline, order, clarity of purpose, and service to the people must define us.
Economy
NNPC Ltd Strengthen Strategic Partnerships At CERAWeek 2026
NNPC Ltd Strengthen Strategic Partnerships At CERAWeek 2026
NNPC Limited continues to strengthen strategic partnerships at CERAWeek 2026, with high-level engagements focused on advancing Nigeria’s upstream growth and investment outlook.
Speaking after a meeting with senior executives from Chevron Corporation, the Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari, stated: “Our discussions focused on strengthening our long-standing partnership and aligning our strategic priorities to drive production growth, deepen gas development, and expand opportunities in the deepwater sector.”

NNPC
Noting that NNPC Limited is leveraging the enabling investment climate to advance new, high-impact projects and expand its portfolio, the GCEO said the Company is committed to working with partners to ensure Nigeria’s energy sector remains competitive, resilient, and globally relevant.
Economy
CBN Acknowledges High Court Ruling Over Dissolution Of Union Bank Board
CBN Acknowledges High Court Ruling Over Dissolution Of Union Bank Board
Union Bank board. The court ruled that the CBN acted beyond its legal powers and, therefore, overturned that decision.
(CBN), on Thursday, acknowledged the judgement of a Federal High Court, Lagos Division, over its regulatory action on the Union Bank of Nigeria Plc (UBN) in January 2024.
This is contained in a statement by its acting director, Corporate Communications Department, Hakama Sidi-Ali, made available to journalists in Abuja.
Ms Sidi-Ali said that the apex bank was currently obtaining the Certified True Copy of the judgement and would review it carefully. She reaffirmed the CBN’s unwavering commitment to the rule of law.
“As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes.
“The CBN assures the public that UBN’s status is unchanged and that it remains fully capable of meeting its obligations to customers, depositors, and all stakeholders.
“The CBN will continue to provide the necessary regulatory oversight to ensure that the Union Bank operates in a safe, sound, and stable manner, while maintaining public confidence in the financial system,” she said.

CBN
The court ruling of Wednesday relates to an earlier action taken by the CBN in January 2024, which dissolved UBN’s board and management.
The court ruled that the CBN acted beyond its legal powers and therefore overturned that decision.
Economy
Kano Governor Yusuf Sacks Commerce Commissioner
Kano Governor Yusuf Sacks Commerce Commissioner
Kano Governor Yusuf sacks commerce commissioner. Mr Yusuf expressed appreciation for the services rendered by the former commissioner.
Governor Abba Yusuf of Kano State has sacked Shehu Sagagi, commissioner for investment, commerce and industry, with immediate effect.
This is contained in a statement issued on Thursday in Kano by the governor’s spokesperson, Sunusi Dawakin-Tofa.
He said that Mr Sagagi has been directed to hand over the affairs of the ministry to the director of commerce pending further directives.
Mr Yusuf expressed appreciation for the services rendered by the former commissioner during his tenure in office.
He acknowledged Mr Sagagi’s contributions to the development of the state, particularly in politics, religion, and the growth of small and medium-sized enterprises.

Abba Yusuf
The governor wished him success in his future endeavours and reassured the public that his administration remains committed to efficient service delivery and to the ongoing strategic realignment of government structures for sustainable development in Kano State.
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