PDP recalls senators to Abuja - DAILY SUN
Fri, 03 Aug 2018

Worried over alleged plots by the leadership of the ruling All Progressives Congress (APC) to oust the President of the Senate, Bukola Saraki and his deputy, Ike Ekweremadu, senators elected on the platform of the Peoples Democratic Party (PDP) have been summoned to Abuja.

Daily Sun gathered that the PDP senators, who traveled outside Abuja, have been asked by the leadership of the party and its caucus in the Senate to return.
At press time, some senators had already returned to Abuja. The summon, Daily Sun learnt, is to rally round Saraki and Ekweremadu.

The returning senators are expected to hold series of meetings at the weekend to brainstorm on how to checkmate any planned leadership change.

Some senators who spoke in confidence, said they had traveled to the village ahead of senatorial primaries of the party coming up soon. They said their stay outside Abuja was cut short, following recent developments in the polity.
One of them told Daily Sun that senators who traveled outside Nigeria were expected to return before Saturday night, when an elaborate meeting will be held with the leadership of the party.

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Buhari tells Saraki, other defectors: youre bad eggs - THE NATION
Fri, 03 Aug 2018

President Muhammadu Buhari yesterday referred to defectors from the ruling All Progressives Congress (APC) to the Peoples Democratic Party (PDP) as “bad eggs”.

He said as the 2019 elections approach, “God will continue to fish out the bad eggs among us”.

He reiterated his resolve to ensure that nobody is allowed to loot the treasury.

Said Buhari: “What I will never exhibit is to allow selfish politicians loot public treasury and allow the masses be cheated.

“All what we are doing is in the interest of the people and our dear country.

“I pray to God to expose sycophants that are still within our party, who are bent on trying to loot our resources.”

APC National Chairman Adams Oshiomhole said the defectors were afraid of the government’s anti-corruption war, adding that many of the looters of the treasury during the 16 years of the PDP administrations would end up in jail.

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Plot To Remove Saraki Thickens - LEADERSHIP
Fri, 03 Aug 2018

There are strong indications that All Progressives Congress (APC) senators are determined to dethrone Dr Bukola Saraki as Senate president following his defection to the opposition Peoples Democratic Party (PDP) on Tuesday. Senator Abu Ibrahim (APC, Katsina South) gave the hint yesterday in Abuja while speaking to reporters in reaction to Saraki’s defection to the PDP earlier this week. He insisted that APC senators remained the majority in the Senate and that there is no way they will allow a ‘renegade’ to preside over them.

According to him, Saraki must resign his position as Senate president for peace to reign in the upper legislative chamber in the overall interest of the nation and democracy. Senator Ibrahim, who is the chairman, Senate Committee on Police Affairs, further declared that the possibility of the Senate reconvening before the adjourned date cannot ruled out because, according to him, the rules of the upper chamber stipulates that 30 members can resolve to reconvene the Senate at any time.

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Seplat, Zenith, Access top analysts’ large caps buy list - BUSINESSDAY
Fri, 03 Aug 2018

In the wake of the second quarter (Q2) earnings season, equity valuations are being revised and analysts have Seplat, Zenith, Access, Dangote Sugar and First Bank holdings of Nigeria (FBNH), as their most recommended large cap stocks to buy.

BusinessDay considered the recommendations of analysts at 15 separate investment banks, using data obtained from the Bloomberg terminal.
The survey was limited to the 30 most capitalized stocks on the Nigerian Stock Exchange (NSE 30).
The 15 investment firms surveyed include Vetiva, United Capital Plc, CSL Stockbrokers, Renaissance Capital, Cordros Capital, SBG Securities and EVA Dimensions.
Others are African Alliance Research, ARM Securities, FBNQuest, RMBNS, Exotix Limited, Investec, GMP and PanAfrican Capital PLC.
Analysts’ most favoured buy list of stocks give an inkling of the best stocks in the market, which investors can buy at cheap values to make healthy returns a year from now, provided the projections pan out. The five most favoured large caps with the highest buy ratings have an average potential return of 31.9 percent over the next 12 months.
Seplat led the pack, with six buys of the seven recommendations, and a 12-month average target price of N1001.14, which offers a potential upside of 42.2 percent from its current price of N704.

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Defections: Godll continue to fish out bad eggs among us, says Buhari - PUNCH
Fri, 03 Aug 2018
President Muhammadu Buhari on Thursday asked supporters of the ruling All Progressives Congress not to be disturbed by the recent gale of defections in the party.

He said, “God will continue to fish out the bad eggs among us,” as the country approaches the 2019 general elections.

According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke at the commencement of the campaign rally for the Bauchi South Senatorial District bye-election and the formal presentation of the APC candidate, Gumau Yahaya, for the August 11 poll.

He assured party supporters in Bauchi that his administration would continue to work hard to surpass its campaign promises for a better Nigeria.

Buhari told the rally that the APC government had remained faithful in implementing its campaign promises of improving the economy, securing the country, and fighting against corruption.

He said, “The work we are doing is because of God, our country and you. I want to inform you that the knowledge we have garnered over the years, we won’t allow you to be cheated.

‘‘Like we promised, what will determine a good future for the country are security, strong economy and to stop corruption. We campaigned on these things, you voted for us and we will never forget.”

Endorsing Yahaya for the senatorial bye-election, the President who was accompanied by the APC National Chairman, Adams Oshiomhole, governors of Bauchi, Plateau, Kano and Imo states, and other party officials said, “We have confidence in him and we trust him.”


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