Investogist
No Result
View All Result
Saturday, November 8, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Only 23% of Nigerians trust INEC- Report says

    INEC uploads 97.73% of Anambra State Governorship election polling unit results

    Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

    Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Nissan Motors sells Yokohama Headquarters for $630 million

    Nissan Motors sells Yokohama Headquarters for $630 million

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FULL LIST: FG releases 50 tax exemptions, reliefs for businesses and individuals from 2026

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Kanu says entering a defense is pointless, “no valid charges against me”

    Kanu says entering a defense is pointless, “no valid charges against me”

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

    Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

    Cutix Plc founder sells additional 1.8 million shares of the company

    The Initiates Plc’s Board Chairman sells company shares

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    United States scraps visa dropbox service for Nigerian applicants

    Trump to Slash Wegovy/Zepbound Weight-Loss Drugs from $1,300 to $149 on Thursday

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods doubles profit after tax to N405 billion in nine months 2025

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    Access Holdings Reports N3.9 trillion Gross Earnings for Nine Months 2025

    Seplat Energy Plc to pay US$0.025 (N10.38) final dividend for 2021 financial year

    Seplat Energy Plc announces interim and special dividend for Q3 2025

    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria announces interim dividend of ₦5.00 for Q3 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Thomas Wyatt Shares Over Unfiled Financial Statements

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Eight-Year Suspension on Aso Savings & Loans, Stock Price Soars

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Presco Plc Declares ₦10 Interim Dividend for Q3 2025

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Only 23% of Nigerians trust INEC- Report says

    INEC uploads 97.73% of Anambra State Governorship election polling unit results

    Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

    Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Thomas Wyatt Nigeria PLC Delays Filing of 2025 Financial Statements

    Nissan Motors sells Yokohama Headquarters for $630 million

    Nissan Motors sells Yokohama Headquarters for $630 million

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FULL LIST: FG releases 50 tax exemptions, reliefs for businesses and individuals from 2026

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Terrorists Threatens to Bomb National Assembly – Reps Panel

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Police Seal Nestoil HQ in Lagos as First Bank Seizes Assets Over $1B Debt Default

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Paul Biya wins the Eighth Term election. Extending his 43-Year Rule in Cameroon

    Kanu says entering a defense is pointless, “no valid charges against me”

    Kanu says entering a defense is pointless, “no valid charges against me”

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

    Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

    Cutix Plc founder sells additional 1.8 million shares of the company

    The Initiates Plc’s Board Chairman sells company shares

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    United States scraps visa dropbox service for Nigerian applicants

    Trump to Slash Wegovy/Zepbound Weight-Loss Drugs from $1,300 to $149 on Thursday

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods doubles profit after tax to N405 billion in nine months 2025

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    Access Holdings Reports N3.9 trillion Gross Earnings for Nine Months 2025

    Seplat Energy Plc to pay US$0.025 (N10.38) final dividend for 2021 financial year

    Seplat Energy Plc announces interim and special dividend for Q3 2025

    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria announces interim dividend of ₦5.00 for Q3 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Thomas Wyatt Shares Over Unfiled Financial Statements

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Eight-Year Suspension on Aso Savings & Loans, Stock Price Soars

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Presco Plc Declares ₦10 Interim Dividend for Q3 2025

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Presidency reacts to Interim Government allegations

Friday, 17 February 2023, 6:25 pm
in News, Nigeria
0
Presidency reacts to Interim Government allegations
Share Share Share Share Send as Email

Nigeria’s Presidency has reacted to what it called “joke about interim government,” restating that elections will hold. The Presidency in a statement posted on its verified twitter handle stated that President Buhari looks forward to handing over the reins of power to his elected successor.

It maintained that the handover of power will happen on May 29, 2023 as the constitution requires it.  “The days of unelected Nigerian leaders, & those who outstay their welcome by unconstitutionally extending it, have gone,” the Presidency reiterated in it’s twitter post.

Read also; We didn’t authorize banks to collect old N500 and N1,000 banknotes – CBN

According to the calendar of the Independent National Electoral Commission (INEC), the Presidential and National Assembly election will take place on 25th February, while Governorship and State House of Assembly election will take place on 11th March.

Many politicians, most of whom are APC Governors and APC members has been insinuating in part and outright stating on other occasions, that “cabals” or “fifth columnist” in the state house are working towards the institution of an Interim National government.

The Governor of Kano State, Abdullahi Ganduje had on Wednesday alleged that the naira redesign policy of the president, Major General Muhammadu Buhari (retd), is a deliberate attempt to truncate Nigeria’s democracy and destroy the party that elected him.

Full statement of The State House Press release:

Stop The Joke About Interim Government, Elections Will Hold

Joseph Goebbels, the propaganda Chief of Adolf Hitler said ‘‘Repeat a lie often enough and it becomes the truth’’. This was in the 1930s, before the internet was birthed.

Let us clearly, specifically and emphatically state that there is absolutely no truth to the claim that President Muhammadu Buhari is working towards an interim government or even worse, the truncation of democracy- democracy that he has helped to keep alive not only here at home, in West Africa but throughout the continent.

The talk of interim government and truncation of democracy is way off the mark. Those who peddle it stand to gain nothing- nothing at all -but the creation of panic and the incitement of the public against the federal government.

It is another dangerous dimension by people who are afraid that they may lose their elections.

Everybody is aware that there is a lot of pressure on everyone-all of us- the party, its elected officials, its candidates and law enforcement agencies following the way the currency swap has gone but the way to go is not to panic.

There is indeed a problem and nobody will pretend that it doesn’t exist.

It is precisely because the President is concerned with this problem that he opened several avenues for consultation with leaders and groups across the country, culminating in his broadcast to the nation on Thursday morning.

In line with the speech, his clear and unequivocal directive is that the problem of cash supply must be addressed without delay.

While this is being done, there is no need to panic. We need to work together as leaders; as a people and as one nation. When panic hits, people go into overdrive. Shouting helps no one because no one can listen.

The solution to the problem is not in sending Nigerians into confusion.

Elections, just a week ahead, will hold and Nigerians will vote for the All Progressives Congress, APC, (and any others if they so wish) on the basis of their choice.

Our people want progress, good governance, law and order and will not be swayed by the negative energy that is being expended against a well-meaning currency change.

Finally, to state that: the President clearly has a favoured successor in Asiwaju Bola Tinubu, is not in doubt.

The fact that Tinubu has been opposed to the speed and timing of the Naira swap timetable does not mean he is against the idea of Nigeria becoming a cashless society. Of course, Tinubu does support a cashless society: for he is a man of the future.

What should be made crystal clear to the doubters and the speculators and the untruth-tellers is that in no way was the naira swap “engineered” to keep the President in office beyond May 29. Nothing could be further from the truth.

The President looks forward to handing over the reins of power to his elected successor. This will happen on May 29, 2023 as the Constitution requires it.

The days of unelected Nigerian leaders, and those who outstay their welcome by unconstitutionally extending it, have gone.

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Garba Shehu
    Secession: Presidency slams Northern Elders Forum,…
  • D’Banj
    D’Banj arrested and detained over N-Power fraud allegations
  • Kodak 1
    Kodak Stock Crashes as $765M loan was put on hold…
  • 20240924_225746
    EFCC Invites Bobrisky, VeryDarkMan over bribery…
Previous Post

We didn’t authorize banks to collect old N500 and N1,000 banknotes – CBN

Next Post

AXA Mansard Board of Directors approve dividend for 2022 Financial year

Next Post
AXA Mansard Board of Directors approve dividend for 2022 Financial year

AXA Mansard Board of Directors approve dividend for 2022 Financial year

Please login to join discussion
  • Trending
  • Comments
  • Latest
Cutix Plc founder sells additional 1.8 million shares of the company

The Initiates Plc’s Board Chairman sells company shares

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Only 23% of Nigerians trust INEC- Report says

INEC uploads 97.73% of Anambra State Governorship election polling unit results

FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

FULL LIST: FG releases 50 tax exemptions, reliefs for businesses and individuals from 2026

Only 23% of Nigerians trust INEC- Report says

INEC uploads 97.73% of Anambra State Governorship election polling unit results

Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

Pfizer Wins $10B Metsera Deal After FTC Blocks Novo Nordisk Bid

Cutix Plc founder sells additional 1.8 million shares of the company

The Initiates Plc’s Board Chairman sells company shares

Nnamdi Kanu’s trial: Justice Binta Nyako to recuse herself

Mazi Nnamdi Kanu’s trial – Court fixes date for judgement

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved