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GEJ vs GMB: Winner is… The Cable’s Verdict

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General Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC) and President Goodluck Ebele Jonathan:
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Predicting the outcome of an election has never been this difficult.  The reason, according to The Cable is not too complex though: this is the first time since 1999 that the opposition party has gathered enormous momentum going into an election.

What’s more: there seems to be a blossoming coalition between Muhammadu Buhari and the south.

All you need do is look at the crowds and supporters at his rallies in the south, compared to the years gone by.

However, no one dare rules out an incumbent president in a developing country, so President Goodluck Jonathan should not be considered down and out.

The Cable said that but he has had a lot of negative publicity in his first term — which puts him at a disadvantage, at least with many people.

The election is a referendum on his government, not on Buhari’s regime of three decades ago. There are good reasons for Buhari to be hopeful that he would win.

And there are good reasons for Jonathan to believe that he too would win. We try to highlight each candidate’s hopes.

The Cable taps Buhari to win based on five factors:
Bigger Base

In 2003, 2007 and 2011, Buhari was essentially a northern candidate with little support in the south. But he was clearly the darling of the “core north” and not the middle belt.
Either as candidate of the All Nigeria Peoples Party (ANPP) or the Congress for Progressive Change (CPC), Buhari never had any impact in the south and most of the middle belt.
Today, as candidate of the bigger All Progressives Congress (APC) — which has swallowed ANPP and CPC, in addition to the south-west party, Action Congress of Nigeria (ACN) — Buhari has a bigger and broader base.
He never won 25% in any southern state before; this time, expect him to hit that threshold in all southern states, except perhaps Bayelsa.

Bigger Purse
The formation of APC has not only given Buhari a bigger national platform, his war chest is now heavier.
In the past, his finances were highly limited. He could not afford all the necessary logistics, such as buying enough campaign vehicles and maintaining them. He could not afford expensive media advertising.
His supporters often taxed themselves to make expenses on his behalf. In 2015, the story has changed.
Buhari is all over the newspapers, radio, TV and the Internet. He has a deep pocket courtesy of the support of governors such as Rotimi Amaechi and Aliyu Wamakko as well as wealthy Nigerians like Bola Tinubu and former vice-president, Atiku Abubakar.
Buhari, from struggling to fuel his campaign vehicles long ago, now uses chartered flights.

Bigger Youth Support
Buhari was never the darling of the educated youth population until now. In 2011, Jonathan monopolised the market with his hold on the social media, where the youth are the most active.
Buhari never had a Facebook page or Twitter handle. However, since he won the presidential ticket of his party in December, the story has changed completely. Youths who used to criticise Jonathan regularly on the social media simply moved to Buhari’s camp and, at some stage, drowned out pro-Jonathan voices.
They have also been creative and proactive, criticising every move of Jonathan swiftly and generating a lot of viral messages against the president.

Better Image
Buhari used to be seen as a religious fundamentalist who was bent on Islamising Nigeria. He had also been credited with a couple of statements that seemed to paint him in that light.
Long ago, he reportedly said Muslims should only vote for Muslims — a statement he denied. Last year, he was quoted as blaming Jonathan for the war against Boko Haram, reportedly saying a northerner gave Niger Delta militants but a southerner was instead killing northerners.
All these reports painted him as a northern and Islamic champion. These impressions have since vanished, starting possibly from the moment he was attacked in Kaduna last year by suspected Boko Haram militants.

Critical Issues
For once, the electioneering relegated sectional issues substantially to the background. Gone are the days of “it is our turn” or “Nigeria will be ungovernable if we don’t have it”.
Jonathan, as the sitting president, has been confronted with issues of insecurity and corruption which his opponents have highlighted very well.
Indeed, the message resonates well with many Nigerians who, despite opposing Buhari in the past, are now saying they would rather have him than four more years of Jonathan.
Issues such as the kidnap of Chibok schoolgirls, the alleged $20 billion missing oil money, poor power supply and the menace of Boko Haram are uppermost on their minds. In a sense, the “change” campaign is more of an anti-Jonathan sentiment.

NO, IT’S JONATHAN FOR SURE…
Incumbency Factor
In African politics, or the politics of underdeveloped countries for that matter, incumbents are hard to unseat.
Incumbents have been defeated in some nearby countries — such as Cote d’Ivoire and Senegal — but these deviations are not the rule.
In Nigeria’s history, incumbents have always returned: Tafawa Balewa (1960 and 1964, as prime minister), Shehu Shagari (1979 and 1983) and Olusegun Obasanjo (1999 and 2003).
Their returns were always controversial. So either steal, beg or borrow, Jonathan may use the advantage of incumbency to return to power.
The postponement of the election, for instance, is seen as a demonstration of incumbency power and it is believed that it has allowed Jonathan to re-strategise for victory.

The Nicodemus Factor
Although Buhari is dominating the airwaves, it could well be that those who are working for Jonathan are afraid of being “mobbed” and have decided to support him Nicodemusly (that means “secretly”, in case you are not familiar with the Bible story).
In some parts of the country, those known to be supporting Jonathan have been attacked in the past.
People lost their lives and property in 2011 for supporting Jonathan. There are various reports, mostly unconfirmed, that the northern elite are not well disposed to Buhari because of fear of vengeance.
Some traditional rulers are also thought to be apprehensive about a scarcity of goodies under an anti-corruption icon like Buhari.

Southern/Middle Belt emotion
Although Buhari now has a larger and broader base, there are those who will not vote for him simply because they think the north has a “born to rule” mentality.
No matter their misgivings with a Jonathan government, they will be happy not to have another northerner as president “so soon”.
Some southerners still refer to the past when the north ruled Nigeria from 1960 to 1999, minus the four combined years of Obasanjo and Ernest Shonekan.
This sentiment is still strong in some areas in the south, where some socio-cultural groups and elders are still talking about the “northern oligarchy”. The minorities in the north, meanwhile, seem to identify with the south in this aspect.

Stomach Infrastructure
There is a language that is often spoken among Nigerians voters: stomach infrastructure. A bag of rice, a bottle of vegetable oil, a bundle of clothing or a few wads of naira could win their votes.
It is a common factor in places where they do not have any serious interest in the candidates. When it comes to stomach infrastructure, then, Jonathan has a bigger storehouse than Buhari.
Although Buhari has a deeper pocket this time around, his funders also have other battles they are waging.
For instance, Tinubu and Amaechi are battling to install their governorship candidates, making the presidential election a bit of a distraction.
More so, the postponement of the election appears to have depleted opposition’s resources, while PDP’s pocket seems bottomless.

South-west? Which south-west?
Buhari’s hope of unseating Jonathan seems to rest so much on the belief that the APC is in control of the south-west.
Having scored 10 million votes less than Jonathan in 2011, the Buhari camp seemed to have finally accepted the fact that he needs southern votes to become president.
Since 2003. he had consistently won 12 million votes in the north without much presence in the south.
Nevertheless, the south-west may not be there for the taking in 2015. Out of the six states, Ondo and Ekiti are controlled by PDP governors.
Then Oyo and Ogun are very shaky for APC, with the ascendancy of pro-Jonathan politicians in those states and the fracturing of the opposition’s structure.
Meanwhile, Lagos and Osun should be seriously contested from all indications.


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Payaza Secures Dual Credit Rating Upgrades, Expands Footprints in Africa

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Payaza Africa, a payments infrastructure company in Africa, has strengthened its market position with two major rating milestones.

While rating firm, DataPro upgraded Payaza from A to AA-, Intelligent Africa upgraded the fintech firm to an A- investment-grade credit rating.

A statement by the company said the recognition, which marks its fourth credit rating, further validates Payaza’s financial strength, operational discipline, governance standards, and long-term strategic direction.

“The latest ratings build on Payaza’s growing track record of institutional credibility, reinforcing confidence in its business model, performance, and resilience. Together, they position the company as a stable, future-ready player within Africa’s financial services ecosystem and a brand with increasing relevance in the global fintech space,” the firm said.

Commenting on the feat, Seyi Ebenezer, chief executive officer of Payaza Africa, said: “This milestone is a strong affirmation of the work we have done to build Payaza on a foundation of discipline, trust, and long-term value creation. Receiving our latest rating sends a clear message that Payaza is not only growing, but growing with strength, structure, and sustainability.

“For us, this is bigger than recognition. It reflects our commitment to building a world-class institution that can compete globally while continuing to serve businesses and consumers across the continent with excellence.

“Over time, our ratings journey has reflected more than strong financial performance. It speaks to a business built on disciplined execution, prudent management, and the ability to scale responsibly in a dynamic market. This has helped us stand out not only as an innovator in digital payments but as a maturing financial institution with the operational depth to compete globally.

“These new ratings are expected to further strengthen Payaza’s standing with investors, regulators, partners, enterprise clients, and the wider financial community. In a sector where trust, resilience, and compliance are increasingly central to long-term success, independent ratings remain a powerful endorsement of a company’s ability to manage risk, meet obligations, and sustain growth,” he said.

Beyond the ratings, Payaza is also expanding its innovation footprint with the introduction of “Chat and Pay by Payaza,” a new payment feature that enables merchants accept payments and generate receipts for their customers directly from WhatsApp.

The company is also rolling out a new storefront solution for business owners, called Shopaza. The platform enables business owners and merchants to sell products and collect payments with greater ease. These additions reflect Payaza’s continued focus on building practical, accessible tools that simplify commerce for businesses and consumers alike.

With its latest ratings and new customer-focused solutions, Payaza is reinforcing its role as one of the brands helping shape the next chapter of trusted financial infrastructure in Africa and beyond.

Payaza is a leading payment infrastructure company providing seamless solutions for collections, payout, and embedded financial services. The company is focused on building reliable, scalable, and trusted payment systems that support businesses and drive financial access globally.


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EFCC Declares Tejuosho, City Boys Movement’s Women Leader Wanted over “419”

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Economic and Financial Crimes Commission (EFCC,) has declared Halimat Adenike Tejuosho, a women leader of the City Boys Movement, wanted.

EFCC Declares Tejuosho, City Boys Movement’s Women Leader Wanted over "419"

Halimat Adenike Tejuosho,

A notice issued by the EFCC on Monday via X said Tejuosho has been declared wanted over an alleged case of obtaining money by false pretence.

The notice was signed by Dele Oyewale, head of Media and Publicity for the EFCC.

The anti-graft agency called on members of the public with useful information about her whereabouts to contact any of its offices nationwide.

The Commission also urged the members of the public to reach out via its official phone lines or email, or report to the nearest police station or other security agencies.

Recall that the City Boy Movement recently appointed Tejuosho as the South-West Zonal Women Leader.

According to a statement signed by the Movement, Tejuosho is to provide strategic leadership and coordination for women-focused activities in the zone, driving political mobilization, civic engagement, and advocacy.

 


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Afreximbank to Fund 3 New Refineries in Nigeria

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African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum products and strengthen local refining capacity.

 Afreximbank to Fund 3 New Refineries in Nigeria

Denys Denya, senior executive vice president of the bank, made the disclosure on Monday during a virtual media briefing focused on the institution’s 2025 financial performance, crisis response initiatives, and long-term industrialisation strategy.

“We are also financing refining on the continent, which will alleviate the importation of refined products. We are not only supporting Dangote; we’re supporting three other refineries in Nigeria,” Denya said.

The briefing, which focused on the bank’s 2025 financial performance, crisis response initiatives, and industrialisation strategy, also featured a question-and-answer session with journalists across Africa.

Denya explained that the push into refining is driven by recent disruptions in global supply chains, particularly linked to tensions in the Middle East, which have raised the cost and complexity of fuel imports for African economies.

According to him, Afreximbank has adopted a dual approach of supporting immediate trade finance needs while investing in long-term productive capacity to reduce structural import dependence.

He said, “For import-dependent economies, the cost of import is very high… so we have taken a proactive approach of engaging with financial institutions on the continent to increase their facilities so they can issue high-value letters of credit.”

The bank’s intervention is backed by a $10bn Gulf Crisis Response Programme, designed to stabilise access to essential imports such as fuel, food, fertilisers, and pharmaceuticals, while also supporting sectors exposed to global shocks.

Denya noted that the facility is already seeing uptake from countries including Kenya, Ethiopia, and Tanzania, warning that demand could accelerate if geopolitical tensions persist.

Beyond short-term interventions, the Afreximbank executive stressed that financing refining projects across Nigeria and other African countries remains central to the bank’s long-term strategy of industrialisation and export development.

He said the bank’s support for large-scale industrial projects, including the Dangote Group refinery, reflects its commitment to reducing Africa’s reliance on imported refined products and strengthening regional value chains.

“Our support for industrialists who are making a difference on the continent is testimony to this approach. We will continue to champion projects that reduce Africa’s reliance on imported refined products,” he added.

Denya further disclosed that the bank is financing similar refining projects in Angola as part of a continent-wide push to achieve self-sufficiency in petroleum products.

The shift towards local refining, he explained, is also expected to improve macroeconomic stability by reducing foreign exchange pressures associated with fuel imports.

 


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