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2023: Full List Of 29 Registered Political Parties In Nigeria

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Full List of Registered Political parties in Nigeria : In Nigeria, 18 registered political parties have been approved by INEC for the 2023 general election, compared to 91 in 2019.
The Independent National Electoral Commission (INEC) was founded under the Federal Republic of Nigeria’s 1999 Constitution to, among other things, organize elections for various political posts in the country. INEC’s responsibilities are outlined in Section 15, Part 1 of the Third Schedule to the 1999 Constitution (As Amended), and Section 2 of the Electoral Act 2010. (As Amended).

List of 18 Registered Political parties in Nigeria for  2023 Election.

S/N Party Name Party Acronym
1. Accord A
2. Action Alliance AA
3. Action Democratic Party ADP
4. Action Peoples Party APP
5. African Action Congress AAC
6. African Democratic Congress ADC
7. All Progressives Congress APC
8. All Progressives Grand Alliance APGA
9. Allied Peoples Movement APM
10. Boot Party BP
11. Labour Party LP
12. National Rescue Movement NRM
13. New Nigeria Peoples Party NNPP
14. Peoples Democratic Party PDP
15. Peoples Redemption Party PRP
16. Social Democratic Party SDP
17. Young Progressive Party YPP
18. Zenith Labour Party ZLP

Accord A, Action Alliance AA, Action Democratic Party (ADP), Action Peoples Party (APP), African Action Congress (AAC), African Democratic Congress (ADC), All Progressives Congress (APC), All Progressives Grand Alliance (APGA), Allied Peoples Movement (APM), Boot Party (BP), Labour Party (LP), National Rescue Movement (NRM), New Nigeria Peoples Party (NNPP), Peoples Democratic Party (PDP), Peoples Redemption  Party (PRP), Peoples Revolt Party (PR (ZLP)

Below is the full list of registered political parties in Nigeria as at 2022

  1. A – Accord
  2. AA – Action Alliance
  3. ACD – Advanced Congress of Democrats
  4. ACPN – Alliance Congress Party of Nigeria
  5. AD – Alliance for Democracy
  6. ADC – African Democratic Congress
  7. APA – African Peoples Alliance
  8. APC – All Progressives Congress
  9. APGA – All Progressives Grand Alliance
  10. CPP – Citizens Popular Party
  11. DPC – Democratic Peoples Congress
  12. DPP – Democratic Peoples Party
  13. FRESH – Fresh Democratic Party
  14. HDP – Hope Democratic Party
  15. ID – Independent Democrats
  16. KP – Kowa Party
  17. LP – Labour Party
  18. MPPP – Mega Progressive Peoples Party
  19. NCP – National Conscience Party
  20. NNPP – New Nigeria Peoples Party
  21. PDC – People For Democratic Change
  22. PDM – Peoples Democratic Movement
  23. PDP – Peoples Democratic Party
  24. PPA – Progressive Peoples Alliance
  25. PPN – Peoples Party of Nigeria
  26. SDP – Social Democratic Party
  27. UDP – United Democratic Party
  28. UPN – Unity Party of Nigeria
  29. UPP – United Progressive Party

BIG STORY

Nigeria’s FX Reserves To Hit $41bn As Naira Seen Sustaining Gains

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Nigeria’s foreign exchange reserves are projected to reach $41 billion by the end of the year, slightly higher than the 2024 figure, as the naira continues to strengthen, according to CardinalStone’s mid-year outlook.

The expected increase in reserves is linked to the federal government’s plan to raise $3.2 billion in the second half of the year to address certain fiscal needs. Potential inflows from portfolio investors are also anticipated to support this outlook.

“These proposed external borrowings, alongside other anticipated inflows, will likely boost the FX reserves to $41.00 billion by year-end, compared to $37.27 billion as of H1’25,” the Lagos-based research and investment firm stated in its report.

A stronger external reserve position is seen as a positive for the naira, with the firm projecting the local currency to stay within the N1,550.00 — N1,635.00 per dollar range through the end of 2025.

So far this year, Nigeria’s FX reserves have dropped by over $3.5 billion as the central bank settled around $2 billion in external obligations and continued to inject dollars into the market to sustain liquidity and stabilize the naira amid global challenges.

CardinalStone Research analysts noted that external pressures—including instability in the Middle East and new tariffs introduced by US President Donald Trump—have driven $22.83 billion in FX outflows, as investors pivot to US Treasuries and Gold.

This situation has prompted the central bank to implement a “discretionary FX framework”, resulting in the sale of $4.72 billion to counteract market distortions.

The report highlighted that the CBN’s average monthly FX intervention stood at $786.58 million, significantly below the pre-COVID average of $2.30 billion and the post-COVID level of $1.38 billion, both of which were previously used to support the naira despite broader macroeconomic weaknesses.

To control inflation, attract foreign investment, and boost the naira’s value, monetary authorities have maintained key interest rates for two consecutive sessions after increasing lending rates by a total of 875 basis points to 27.5 percent.

The analysts foresee an additional 50 to 100 basis point adjustment before the year concludes, potentially easing the burden on businesses affected by high borrowing costs.

The combination of tighter monetary policy, improved FX reserves, and more effective FX management is gradually restoring investor confidence, which had declined during previous episodes of currency instability.

Nonetheless, the forecast remains vulnerable to shifts in global oil prices, the level of portfolio investments, and how quickly fiscal consolidation efforts advance. Disruptions in these areas could negatively affect both reserves and currency stability.

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“JAPA”: Canada Increases Minimum Proof Of Funds To N17m For Immigrants

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Foreign nationals aiming to migrate to Canada through the Express Entry system will now need to meet a higher minimum financial requirement, following a recent update from Immigration, Refugees and Citizenship Canada (IRCC).

Based on the new guidelines effective from July 7, 2025, a single applicant is now required to show access to at least CAD $15,263 (about N17 million), an increase from the previous CAD $14,690. For a family of two, the new minimum required amount rises to CAD $19,001 (N21.2m).

This update in the financial threshold is part of IRCC’s annual review of settlement fund requirements, calculated at 50% of the low-income cut-off figures determined by Statistics Canada.

These funds are meant to prove that applicants can financially support themselves and their families after arriving in Canada.

Applicants must provide official letters from their financial institutions, printed on the bank’s letterhead. For those applying with a spouse, funds in joint accounts may be combined.

To stay eligible in the Express Entry pool, candidates must update their proof of funds in their profile no later than July 28, 2025. This update will not affect the original submission date and time of the profile, meaning it will not impact tie-breaker situations.

Proof of funds remains a mandatory requirement under both the Federal Skilled Worker Program and the Federal Skilled Trades Program. However, it is not required for applicants under the Canadian Experience Class or for those already authorized to work in Canada with a valid job offer, even under other Express Entry categories.

Submitting an Express Entry profile is only the initial step and does not guarantee permanent residency. IRCC continues to invite the highest-ranking candidates from the pool approximately every two weeks, using the Comprehensive Ranking System (CRS) to assess and rank applications.

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UK Introduces eVisas For Nigerian Study, Work Visa Applicants

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The British High Commission in Abuja announced on Wednesday a new change in the United Kingdom’s immigration process for Nigerians applying for study and work visas.

Effective from 15 July 2025, most applicants in these categories will start receiving digital eVisas instead of the traditional visa stickers in their passports, according to a statement from the BHC.

The new policy applies only to applications submitted on or after 15 July 2025. Those who apply before that date will still follow the current process, which involves submitting a passport at a Visa Application Centre and receiving a vignette.

The statement reads, “From 15 July 2025, most individuals applying to enter the UK on study or work-related visas will no longer receive a physical visa sticker (vignette) in their passport. Instead, successful applicants will be issued an eVisa, a secure, online record of their immigration status. This change marks a major step in the UK Government’s transition to a modern, digital immigration system. This change applies only to study or work visa applications submitted on or after 15 July 2025. Applicants who apply before 15 July will continue with the current process, including leaving their passport at the Visa Application Centre and receiving a vignette. Visit visa applications will continue to receive the visa vignette sticker for the time being.”

Applicants are still required to visit a Visa Application Centre to provide biometric data.

Once approved, applicants will receive an email from UK Visas and Immigration with the decision and instructions for creating a UKVI account to access their eVisa.

The statement continues, “Despite the removal of the vignette for study or work visas, all applicants must still attend a Visa Application Centre to provide their biometric information as part of the visa processing procedure. Once a decision is made on their visa application, applicants will receive an email from UK Visas and Immigration with the outcome and instructions to create a UKVI account, to access their eVisa.”

Chargé d’Affaires at the British High Commission in Abuja, Gill Obe, stated, “We’re making it easier and faster for Nigerians to travel to the UK. From 15 July 2025, most people applying for study or work visas will get a digital eVisa instead of a visa sticker in their passport. This is a further big step to a fully digital UK immigration system, making the process more secure, more efficient, and more convenient for students, professionals, and families.”

She explained that not all applicants would be affected immediately.

“However, if you’re applying as a dependant, like a spouse or child, of someone who is studying or working in the UK or if you are applying for a visitor visa, you’ll still receive a visa vignette sticker in your passport for the time being,” she said.

The High Commission clarified that eVisas have already replaced Biometric Residence Permits for individuals granted leave for more than six months. Those with a UKVI account can use the “View and Prove” service to share their immigration status with third parties, such as employers or landlords in England.

To obtain an eVisa, applicants must apply online via the official UK government website (gov.uk), attend a Visa Application Centre to provide biometrics, take their passport home the same day if no vignette is required, and follow instructions in the decision letter, including creating and linking a UKVI account if needed.

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