James Faleke, a member of the House of Representatives and founder of the Tinubu Support Group (TSG), has officially picked up the All Progressives Congress (APC) presidential nomination forms for President Bola Tinubu’s 2027 re-election bid.

The forms, which include the Expression of Interest and Nomination forms, were obtained on April 28, 2026, following a payment of ₦100 million. This move effectively kicks off the President’s campaign for a second term.

The APC National Organising Secretary, Suleiman Argungu, on Tuesday in Abuja, declared the process open and presented the Expression of Interest and Nomination forms to Faleke, who also serves as the founder of the Tinubu Support Groups.

The Independent National Electoral Commission has scheduled the Presidential and National Assembly elections for Saturday, January 16, 2027, while governorship and State Houses of Assembly elections will hold on Saturday, February 6, 2027.

The commission also announced that party primaries, including the resolution of related disputes, will run from April 23, 2026, to May 30, 2026.

INEC further stated that campaigns for the presidential and National Assembly elections will begin on August 19, 2026, while those for governorship and state assembly elections will commence on September 9, 2026.

More details later…

The Nigerian Naira maintained a steady yet cautious position against the US Dollar as the market opened for trading today, Tuesday, April 28, 2026.

Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market segments.

Official Market (NFEM) Activity

In the early trading hours of the official window, the Naira showed resilience, trading at approximately 1,360.19 NGN per 1 USD. This follows a trend of minor adjustments as the FMDQ Securities Exchange records ongoing transactions from institutional buyers and sellers. The rate has seen slight volatility since the market opened, moving from an initial 1,359.23 NGN to its current level as demand and supply forces seek a daily equilibrium.

The Central Bank of Nigeria continues to monitor the official window closely, ensuring that the transparency of the “willing buyer, willing seller” model supports price discovery while mitigating drastic shocks to the local currency.

Parallel Market Trends

The informal parallel market continues to operate at a premium, reflecting the immediate retail demand for the greenback. In major cities such as Lagos, Kano, and Port Harcourt, currency dealers are quoting the Dollar between 1,480 NGN and 1,495 NGN.

The gap between the NFEM and the parallel market remains a focal point for economic observers, as it often indicates the level of unmet demand in the official sectors. Traders in the parallel market suggest that small-scale importers and individual travelers are the primary drivers of the current activity in the informal sector this morning.

Factors Affecting Today’s Rate

Today’s market performance is being influenced by several key macroeconomic factors. Global oil prices remain a significant driver, providing the necessary foreign exchange reserves to support the Naira. Additionally, internal market liquidity is being shaped by the clearance of corporate foreign exchange backlogs and seasonal demand for international payments.

As the day progresses, participants expect the market to remain within the current range unless there is a significant intervention or a shift in global market sentiment. Stakeholders are advised to keep track of the closing rates later today to gauge the definitive performance of the Naira for the midweek trading period.

Lagos State Governor Babajide Sanwo-Olu has officially endorsed his deputy, Dr. Obafemi Hamzat, as his preferred successor for the 2027 governorship election.

The announcement was made on Monday, April 27, 2026, during a meeting at the Lagos House, Marina, where Hamzat formally declared his intention to run.

In the past few weeks, Hamzat has received widespread endorsement from political and community leaders across the state during his various consultative visits.

Recall that the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, had expressed support for Hamzat’s governorship bid.

Also, the Chief of Staff to the President, Femi Gbajabiamila; Senator representing Lagos East, Tokunbo Abiru; and former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and other stakeholders have endorsed Hamzat’s gubernatorial bid.

Details shortly…