*Polaris Bank restates support for SMEs growth in Nigeria with launch of ‘EveryDay supermarket’ Yenegoa branch*


Access Holdings Plc (“the Group” or “the Company”) yesterday announced its half-year audited financial results for the period ended June 30, 2025.
The expelled National Chairman of the Social Democratic Party, SDP, Shehu Gabam, has insisted that he remains the legitimate chairman of the party.
In a statement issued on Friday in Abuja by his Special Assistant (Legal), Abubakar Baba, the embattled SDP leader described his reported expulsion from the party as illegal, null, and void.
He condemned the move as a desperate attempt by impostors to destabilise the party, insisting that the purported action was unconstitutional and of no consequence.
DAILY POST recalls that Gabam, along with the National Youth Leader, Dr Ogbonna Uchechukwu, and several others, was expelled on Thursday following a meeting of the National Working Committee, NWC, in Abuja.
Reacting to the development, Gabam said “the said meeting is illegal, null and void, and of no effect whatsoever.”
Citing Article 13 (iv) of the SDP Constitution, which empowers only the National Chairman to preside over meetings of the National Convention, National Executive Committee, National Working Committee, and National Caucus, he said: “I remain the national chairman of the SDP. Any meeting convened or presided over without the consent of the duly recognised chairman constitutes a gross violation of its constitution and a brazen attempt to usurp legitimate authority.”
Gabam also criticised the National Secretary, Olu Agunloye, for allegedly writing to the Independent National Electoral Commission, INEC, to communicate the purported decisions of the meeting, describing the action as a breach of Part 2 (12) 3 of the INEC Regulations and Guidelines for Political Parties, 2022.
Governor Dauda Lawal of Zamfara State has inaugurated the Accreditation and Special Duties subcommittees of the Peoples Democratic Party, PDP, ahead of its 2025 elective national convention.
The convention is scheduled to hold on November 15 and 16 in Ibadan, Oyo State.
The inauguration of the accreditation subcommittee took place on Friday at the PDP Legacy House in Maitama, Abuja. The committee is responsible for producing the delegates’ list, booklets, and tags for participants and observers, as well as accrediting and ensuring the welfare of delegates.
Lawal also inaugurated the Special Duties Subcommittee at the PDP National Secretariat, Wadata Plaza, Abuja. The committee is tasked with coordinating financial activities, approving budgets, fundraising, and managing disbursements during the convention.
He noted that both subcommittees form part of the National Convention Organising Committee working towards a smooth and credible exercise.
The Lagos State Signage and Advertisement Agency, LASAA, has exonerated one of its staff members, Olukayode John Adetifa, of allegations of fraud that recently circulated on social media, but found him culpable of violating the agency’s “no cash” policy.
In a statement signed by Atinuke Dasilva, Head of Corporate Communications, LASAA stated that an internal investigation revealed that Adetifa, who serves in the agency’s Alimosho office, did not defraud the client, MJ Beauty Salon, as alleged, but mistakenly received payment into his personal account.
DAILY POST had reported that a viral social media post had accused Adetifa of collecting N45,000 via his personal Opay account while issuing a receipt of only N7,100.
However, LASAA clarified that a fact-finding panel discovered that the staff merely assisted the client, who was reportedly unwell, to complete an official online payment for signage registration amounting to N40,000.
According to the agency, the salon owner later corroborated this finding and tendered an apology for the misunderstanding, disowning the viral claim that sparked the controversy.
While noting that the investigation found no evidence of fraudulent intent, LASAA maintained that Adetifa’s conduct breached internal procedures and that he would be subjected to disciplinary action in line with Public Service Rules.
The agency reiterated its commitment to transparency and accountability in service delivery, urging the public to strictly adhere to its “no cash” payment policy and to report any complaints through official communication channels.
The Lagos State Traffic Management Authority, LASTMA, has arrested six suspected members of a notorious “one-chance” robbery syndicate believed to be operating under the Ijora Bridge corridor in Lagos.
According to a statement issued by the Director of Public Affairs and Enlightenment at LASTMA, Adebayo Taofiq, the operation was conducted in collaboration with the Nigeria Police Force, Mobile Police, Lagos State Task Force, Lagos State Environmental Sanitation Corps, and the Nigerian Army.
The arrests, carried out on Thursday, October 23, 2025, were part of a joint enforcement operation aimed at clearing illegal garages, makeshift shanties, and criminal hideouts along Apapa Road, Costain, and Ijora under-bridge.
The Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Sola Giwa, said the coordinated exercise demonstrates the government’s zero-tolerance stance on environmental violations and the unlawful occupation of public spaces.
“This operation is part of the Sanwo-Olu administration’s integrated effort to make Lagos safer, cleaner, and more habitable. Criminal elements and illegal occupants still operating beneath bridges and in unauthorized spaces are hereby warned to vacate immediately,” Giwa stated.
During the operation, enforcement teams recovered 77 mobile phones, two POS machines, several wristwatches, and other personal items believed to have been stolen from unsuspecting commuters and pedestrians. Authorities also confiscated multiple kegs of adulterated diesel and over 150 packs of expired plantain chips and cheese balls.
Giwa revealed that the Ijora under-bridge area had become a hub for criminal activities. “The location had evolved into a storage centre for stolen items and contraband. Today’s cleanup has successfully dismantled those hideouts and restored sanity to the corridor,” he said.
In addition to the arrests, more than 120 illegal shanties were demolished, including structures located around St. Peter’s Catholic Nursery and Primary School on Apapa Road.
“By reclaiming these public spaces, we are reinforcing urban discipline and ensuring that vital infrastructure is not converted into criminal shelters,” Giwa added.
The General Manager of LASTMA, Mr Olalekan Bakare-Oki, lauded the collaboration among security and enforcement agencies, describing it as a model of effective inter-agency synergy.
“LASTMA’s responsibility extends beyond traffic management. It includes ensuring public safety, protecting transport corridors, and preventing criminal encroachments on public infrastructure,” Bakare-Oki stated.
He urged Lagos residents to remain vigilant and promptly report suspicious activities to relevant authorities.
The six suspects; Adetunji Bashiru (28), Sulaiman Kada (35), Abubakar Bala (42), Abubakar Ahmed (28), Rasaq Gbadamosi (21), and Ibrahim Yakub (23), have been handed over to law enforcement agencies for further investigation and prosecution.
The Founder and President of Atiba University, Oyo State, James Ojebode, has condemned the alleged refusal of some federal universities to accept the recently released National Examinations Council results from admission seekers.
In a statement on Friday, Ojebode described the development as, “unjust, discriminatory, and inconsistent with the country’s commitment to inclusive and equitable education.”
He lamented that many candidates who applied for admission using ‘Awaiting Results’ were later denied entry after NECO released their results.
Ojebode also described the situation as “a denial of the fundamental right to education and a reflection of administrative insensitivity.”
The varsity founder urged the Federal Ministry of Education, the Joint Admissions and Matriculation Board, and NECO to take immediate action to address the issue.
The National Assembly has begun discussions on constitutional amendments to create 55 new states and 278 additional local government areas nationwide.
The Deputy Senate President, Barau Jibrin’s Special Adviser on Media and Publicity, Ismail Mudashir, disclosed this in a statement issued in Abuja on Friday.
According to the statement, Barau spoke during the opening of a two-day joint retreat of the Senate and House of Representatives Committees on the Review of the 1999 Constitution in Lagos.
He reaffirmed the legislature’s commitment to delivering “people-centred and timely” amendments to the constitution.
Barau, who also chairs the Senate Committee on Constitution Review, urged lawmakers to work towards fulfilling their promise of transmitting the first set of amendments to the state Houses of Assembly before the end of the year.
“It has been a long journey to bring the Senate and the House of Representatives’ Constitution Amendment proposals that cut across several sections and deal with different subject matters.
“We have been in this process for the past two years, engaging our constituents, critical stakeholders, institutions, civil society organisations, and interest groups in town hall meetings, interactive sessions, and public hearings—harvesting and synthesising views and perspectives, which have ultimately culminated in what we have here today: 69 bills, 55 state creation requests, two boundary adjustments, and 278 local government creation requests,” he added.
Barau noted that the lawmakers were expected to resolve these issues and make recommendations to both chambers, expressing optimism that progress could be achieved within the two-day session.
“It is not going to be a simple task to achieve within two days, but I believe we can do it, especially as we have promised Nigerians that we will deliver the first set of amendments to the State Houses of Assembly before the end of this year,” he added.
While stressing the need for patriotism and unity in the review exercise, Barau urged participants to avoid divisive tendencies.
He said, “We are seated here as one committee. There should be no ‘we’ and ‘them’; we should be guided by the interests of Nigerians. I wish all of us a very fruitful deliberation and hope for recommendations that will meet the approval threshold of the provisions of Section 9 of the Constitution.”
A four-year-old bank, PremiumTrust Bank, has earned an impressive credit rating from Global Credit Ratings, one of Africa’s leading rating agencies.
The bank received an A- (NG) long-term and A2 (NG) short-term rating, a recognition that underscores its strong capitalisation, sound risk management practices, and consistent growth trajectory in Nigeria’s dynamic banking sector.
This was contained in a statement obtained by our correspondent from the bank on Thursday.
According to GCR, the ratings reflect PremiumTrust Bank’s financial resilience, buoyed by a successful equity raise and improved profitability.
The agency commended the Bank’s robust liquidity position and prudent governance framework, both of which continue to support its credit profile amid expansion across Nigeria’s competitive financial landscape.
GCR further noted that the bank’s ratings are anchored by its solid capitalisation metrics, strengthened by an equity injection that enhanced its balance sheet.
The agency also assessed PremiumTrust Bank’s funding and liquidity position positively, highlighting a stable funding structure and a strong liquidity buffer.
Current and savings account deposits accounted for 92.1 per cent of total deposits, resulting in a low cost of funds of 3.8 per cent, while the deposit base remained well-diversified.
The A- (NG) Long-Term Rating indicates low risk, very good financial strength, and excellent operating performance, whereas the A2 (NG) Short-Term Rating denotes fair credit quality and adequate capacity for timely payment of financial commitments.
These assessments showed PremiumTrust Bank’s ability to meet its obligations efficiently while sustaining growth momentum.
In addition to the GCR rating, PremiumTrust Bank also secured A- (NG) Long-Term and A2 (NG) Short-Term ratings from another reputable credit rating agency, DataPro.
The agency’s evaluation took into account the Bank’s earnings profile, liquidity strength, corporate governance, regulatory compliance, and sustainability of its healthy financial outlook over the medium to long term. DataPro described the Long-Term Rating as indicative of low risk and very good financial strength, while the short-term rating reflects Fair Credit Quality and adequate capacity for timely payments.
The statement partly reads, “The ratings highlight PremiumTrust Bank’s financial resilience, following a successful equity raise and enhanced profitability. GCR commended the Bank’s robust liquidity and prudent governance framework, which continue to underpin its credit profile even as it expands across Nigeria’s competitive banking landscape.
“According to GCR, the Bank’s ratings are anchored by its robust capitalisation metrics, strengthened by a successful equity injection. The agency also assessed PremiumTrust Bank’s funding and liquidity position positively, citing a stable funding structure and a sufficiently liquid balance sheet. Current and savings account deposits represented a significant 92.1% of total deposits, translating to a low cost of funds of 3.8%. The deposit base remains well-diversified.

The World Bank plans to deploy as much as $14 bn to boost global agribusiness by 2030 through a new programme dubbed AgriConnect, part of a broader effort to create jobs and drive inclusive growth in developing economies.
The initiative, announced during the World Bank Group–International Monetary Fund Annual Meetings under the theme “From Sectors to Systems: Building Job-Rich Economies at Scale”, is designed to help shift smallholder farming from subsistence to profit-driven enterprise. The lender says AgriConnect could generate millions of jobs while strengthening food systems and rural economies in low- and middle-income countries.
World Bank President Ajay Banga said the programme marks a major shift in the institution’s approach from financing isolated projects to building entire economic ecosystems that can deliver sustainable job creation.
“We’ve set a target to double our agribusiness commitments to $9bn annually by 2030, aiming to mobilise an additional $5bn,” Banga said at the launch event, AgriConnect: Farms, Firms, and Finance for Jobs.
“This is grounded in what we’ve tested in the field and in lessons borrowed from others. Steal shamelessly and share seamlessly; that is how we succeed together.”
According to the World Bank, family farms, including more than 500 million smallholders, produce about 80 per cent of the world’s food, yet many remain trapped in poverty without access to markets, finance, or modern technology.
The AgriConnect campaign calls on governments, private investors, and donor partners to pool resources to close these gaps and make agriculture a major engine of employment and growth.
The initiative will prioritise investments in infrastructure, digital technology, and policy reforms that help farmers increase productivity, integrate into value chains, and access financing. By doing so, the Bank hopes to strengthen food systems and reduce the risks of unemployment and hunger in rural areas.
Banga emphasised that the jobs agenda remains central to the World Bank’s mission of ending poverty on a liveable planet. With more than one billion young people expected to enter the global workforce over the next decade, he said, the world cannot afford to ignore sectors like agriculture that offer large-scale employment potential.
Beyond AgriConnect, the Annual Meetings featured broad discussions on how to build job-rich economies at scale, bringing together leaders from governments, civil society, and the private sector. The World Bank’s Development Committee, representing all 189 member countries, reaffirmed support for a faster and more effective institution capable of delivering impact with efficiency.
At the sidelines, the Leaders’ Speaker Series featured global voices, including Dr. Mona Mourshed, CEO of Generation, and Dr. Rania Al-Mashat, Egypt’s Minister of Planning and International Cooperation, who shared insights on aligning education, innovation, and policy with job creation goals.
The AgriConnect launch capped a week of engagement that underscored partnership, trust, and collaboration as the bedrock of sustainable development.
“Jobs remain the most reliable route out of poverty,” Banga added. “They provide dignity, stability, and hope. Through AgriConnect, we are connecting the dots between farms, firms, and finance to deliver those opportunities at scale.”