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Senate Drops Bombshell: Only Returning Lawmakers Eligible To Contest Presidency.

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The Senate has amended its internal rules, introducing new eligibility requirements that restrict who can contest for the position of Senate President and other top leadership offices.....KINDLY READ THE FULL STORY HERE▶

The decision was reached after an extended closed-door session on Tuesday, during which lawmakers adopted fresh guidelines aimed at promoting order, continuity, and legislative experience within the chamber.

Under the revised rules, only senators who have served two terms will now qualify to contest for principal leadership positions.

The amendment further specifies that one of those two terms must include the current legislative session before a senator can be nominated, significantly narrowing the pool of eligible contenders.

According to the updated Order 4, nominations for presiding officers will now strictly follow a ranking hierarchy among senators.

At the top of the ranking are former Senate Presidents, followed by former Deputy Senate Presidents, then former principal officers of the Senate.

They are followed by senators who have completed at least one full term, former members of the House of Representatives, and finally first-time senators if no higher-ranking category is available.

With the new framework, only senators currently serving in the 10th National Assembly who secure re-election into the 11th Senate will be eligible to contest for Senate President and other principal offices.

The Senate said the amendment is designed to ensure that leadership positions are occupied by lawmakers with sufficient parliamentary experience while preserving institutional stability within the legislative chamber.

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Fresh Strategy: ADC Adjusts Presidential Primaries, Reduces Nomination Price.

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The African Democratic Congress (ADC) has announced a revised timetable for its 2026 primary elections while also slashing the cost of nomination forms for aspirants across various positions.....KINDLY READ THE FULL STORY HERE▶

The party disclosed this in a statement issued by its National Publicity Secretary, Bolaji Abdullahi, after consultations with party leaders, aspirants, and key stakeholders.

According to the updated schedule, the sale and submission of nomination forms will run from May 6 to May 13, while screening of aspirants is scheduled for May 14. The results of the screening exercise will be released on May 17.

The party said appeals arising from the screening process will be entertained between May 18 and May 19, with the final list of successful aspirants to be published on May 20.

Primaries for State Houses of Assembly, House of Representatives, and Senate positions are slated for May 21, while governorship primaries will hold on May 22.

The presidential primary has been fixed for May 23, followed by a National Executive Committee meeting on May 25 and a Special National Convention on May 26.

In addition to the new timetable, the ADC also reviewed downward the prices of its nomination forms.

Under the new pricing structure, the presidential nomination form now costs ₦90 million, while the governorship form is pegged at ₦30 million. Senate aspirants will pay ₦10 million, House of Representatives aspirants ₦5 million, and State Assembly aspirants ₦2 million.

The revised fees represent a reduction from the previous rates, where presidential forms sold for ₦100 million, governorship forms for ₦50 million, Senate forms for ₦20 million, and House of Representatives forms for ₦10 million.

The party also retained its concession policy, offering a 50 percent discount to youth aspirants aged 18 to 35, as well as a 25 percent discount for women and persons living with disabilities.

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Dollar To Naira Exchange Rate Today, May 6th, 2026.

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The Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX), remained a key point of interest for currency traders on Tuesday, May 5, 2026.....KINDLY READ THE FULL STORY HERE▶

According to sources from Bureau De Change (BDC) operators in Lagos, the black market exchange rate saw the US dollar selling at ₦1,400 and buying at ₦1,385.

For those looking to exchange dollars for naira through the parallel market, these were the prevailing rates:

Dollar to Naira Black Market (USD/NGN) – May 5, 2026

  • Selling Rate: ₦1,400
  • Buying Rate: ₦1,385

Meanwhile, the Central Bank of Nigeria (CBN) does not officially recognize the black market and has consistently advised individuals seeking foreign exchange transactions to use authorized banking channels.

At the official market, the CBN rate for the dollar ranged as follows:

Dollar to Naira CBN Rate – May 5, 2026

  • Highest Rate: ₦1,370
  • Lowest Rate: ₦1,362

It is important to note that forex rates may differ depending on location, dealer, and market conditions, meaning the actual rates at which individuals buy or sell could vary from these figures.

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Political Storm Brews As INEC Declares Stand Against ADC Deregistration Move.

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A new development has emerged in the ongoing legal dispute over the status of the African Democratic Congress (ADC), as the Independent National Electoral Commission (INEC) has moved to oppose attempts seeking the party’s deregistration.....KINDLY READ THE FULL STORY HERE▶

Court filings obtained by Punch indicate that INEC rejected the application before the court, arguing that it does not satisfy the constitutional and legal conditions required for deregistering a political party.

The electoral body maintained that the authority to deregister political parties is strictly defined by law and cannot be applied arbitrarily or influenced by political considerations.

According to INEC, none of the constitutionally approved grounds for deregistration—such as failure to meet electoral performance benchmarks or violation of registration rules—had been established against the ADC.

The commission stated, “The power to deregister political parties is neither discretionary nor subject to political pressure, but strictly governed by extant laws and constitutional provisions.”

The filing has been viewed in some political and legal circles as a form of institutional resistance to what is perceived as attempts to manipulate the judiciary for partisan interests.

The suit in question seeks the deregistration of the ADC, Accord Party, Action People’s Party, Action Alliance, and Zenith Labour Party.

The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), is backing the case, arguing that inactive political parties overcrowd the electoral system and waste public resources, while urging enforcement of Section 225A of the 1999 Constitution.

Reacting, the Senior Special Assistant on Public Communication to former Vice President Atiku Abubakar, Phrank Shaibu, described the move as politically driven.

Shaibu said, “What we are witnessing is the unravelling of a poorly scripted political ambush designed to cripple opposition voices.”

He added that INEC’s stance confirms suspicions that the case lacks genuine legal grounding.

“The fact that INEC itself has come forward to puncture the legal vacuum of this application speaks volumes. It confirms what Nigerians already suspect, that this was never about law, but about intimidation,” he said.

Shaibu further cautioned against efforts to weaken political competition, stressing that democratic systems thrive on inclusion, not exclusion.

He said, “No democracy survives where the ruling party seeks to eliminate competition through the back door. Nigeria is bigger than any administration, and its democratic space cannot be shrunk to accommodate political insecurity.”

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