Category: Uncategorized

  • Donald Trump’s Ally Orbán Swept Out Of Office After 16 Years In Hungary Presidential Election

    Donald Trump’s Ally Orbán Swept Out Of Office After 16 Years In Hungary Presidential Election

    Donald Trump’s ally Viktor Orbán’s 16 years in power is over, and the system condemned as an “electoral autocracy” lies in tatters, defeated by a 45-year-old former party insider who convinced a majority of Hungarians to bring it to an end.

    “We did it,” Péter Magyar told a crowd of cheering supporters in a square beside the River Danube, overlooking Budapest’s magnificent parliament on the other side.

    “Together we overthrew the Hungarian regime.”

    Preliminary results, based on more than 98% of votes counted, put his Tisza party on course for an extraordinary 138 seats, with Orbán’s Fidesz on 55 and the far-right Our Homeland on six.

    Péter Magyar is on course for a constitutional majority he needs to reverse Orbán-era reforms

    For two years Magyar took his burgeoning movement around villages, town squares and cities, rallying Hungarians who had had enough of the cronyism and corruption that had become endemic over years.

    “Never before in the history of democratic Hungary have so many people voted – and no single party has ever received such a strong mandate,” he said on Sunday night, after a record 79% of the electorate turned out to vote.

    Orbán’s rule was built up through four successive election victories and sweeping majorities, but it was over in a matter of minutes.

    As pro-Magyar supporters waited expectantly in the square on the Buda side of the Danube, the Tisza leader posted an extraordinary message on Facebook: “Viktor Orbán just called me on the phone and congratulated us on our victory.”

    There was barely time to digest what had just happened and only 30% of the vote had so far been counted.

    But moments later Orbán himself appeared on a stage in a conference centre a mile down-river on the other side of the Danube, surrounded by his glum-looking Fidesz party colleagues.

    “The result of the election is clear and painful,” he told them, thanking the estimated 2.5 million Hungarians who stuck by him. “The days ahead of us are for us to heal our wounds.”

    Word began to spread among Magyar supporters, and at the nearby hotel that had become party HQ, Tisza activists hugged each other.

    Magyar has promised to reverse Orbán-era changes to education and health, tackle corruption, restore the independence of the judiciary and kill off the widely loathed system of patronage known as NER that helped enrich party loyalists and squander state resources.

    To make those changes to the constitution, he needed a two-thirds majority of 133 seats, and although the final results are not yet in, latest results suggest Tisza is on course for 138.

    Another target in Magyar’s sights is pro-Orbán state media. The M1 TV channel has until now slavishly toed the party line, along with what were once independent websites bought up over time by Fidesz allies.

    Apparently uncertain what to do next, M1 rebroadcast a speech that Magyar had given just after the vote had finished. He had been hopeful of victory at the time, but by now the speech was out of date – he had already won.

    Hungary has for some time felt like two different worlds running in tandem. In one, Orbán convinced his supporters and TV viewers they were heading for victory and four more years in power, backed up by opinion polls run by sympathetic pollsters, who continued to forecast a Fidesz victory as late as Sunday evening.

    In the other world was Magyar, attracting big crowds wherever he went, backed up by respected pollsters reporting an increasing lead over his rival.

    On Sunday night, those two worlds collided, and only one was real.

    Magyar moved slowly through the crowds before taking to the stage, flanked by his party colleagues.

    “You performed a miracle today, Hungary made history today,” he told the audience, to chants of “Ria-Ria-Hungaria!”

    He likened their electoral victory to the Hungarian revolution of 1848, and the uprising against Soviet occupation in 1956.

    There was a time when Orbán himself spoke out against Soviet occupation, but he has become a close partner of Russia’s Vladimir Putin, and his justification of cheap Russian oil and petrol has made him a highly unpopular leader in the EU, which has tried to shake off its reliance on Russian imports. Orbán has also reneged on an EU agreement to provide Ukraine with a €90bn (£79bn; $105bn) loan.

    “Russians go home,” Magyar supporters chanted, as the next Hungarian prime minister promised better relations with the European Union.

    Poland’s Prime Minister Donald Tusk was among the first of many European leaders to welcome Magyar’s “glorious victory”, adding in Hungarian “Ruszkik Haza” – Russians go home.

    The Tisza leader pledged that his first trip abroad as prime minister would be to Warsaw – to reinforce Hungary’s 1,000-year friendship with Poland.

    As for Orbán, now 62, he has not resigned, and without him it is difficult to imagine what will happen to Fidesz.

    For now he will continue to lead Hungary in a caretaker role, while he and his party lick their wounds 

    Additional Report : BBC

  • The return of custodial inmates to farms

    The return of custodial inmates to farms

    THE recent declaration by the Minister of Interior, Honourable Olubunmi Tunji-Ojo, that inmates of correctional centres will be engaged in farming activities nationwide is a thoughtful plan. The minister gave the indication at a stakeholders’ roundtable on Optimising Correctional Farm Centres and Public-Private Partnership Pathways for Inmate Reformation. Represented on the occasion by the Permanent […]

  • OPay named Nigeria’s Most Trusted Digital Financial Company at 2026 ISO awards

    OPay named Nigeria’s Most Trusted Digital Financial Company at 2026 ISO awards

    OPay, a leading financial institution in Nigeria, has been awarded the Most Trusted Quality Mobile Money and Digital Financial Services Company of the Year at the 2026 ISO World Corporate Brand of the Year Award. This recognition reaffirms OPay’s strong reputation and the trust tens of millions of Nigerians have in its services. The ceremony, […]

  • Banking stocks drive modest gains as NGX extends bullish rate

    Banking stocks drive modest gains as NGX extends bullish rate

    BANKING equities, led by Zenith Bank, Guaranty Trust Holding Company, Jaiz Bank and Access Holdings, helped lift the Nigerian Exchange to a positive close on Friday, sustaining investor optimism in the financial sector. The benchmark All-Share Index (ASI) rose by 0.30 per cent, extending the previous session’s momentum and pushing the year-to-date return to 30.95 […]

  • Speculative rally lifts Trans-Nationwide stocks despite deepening losses

    Speculative rally lifts Trans-Nationwide stocks despite deepening losses

    TRANS-NATIONWIDE Express Plc (Tranex) stole the spotlight on the Nigerian Exchange (NGX) in the week ended April 10, emerging as the top-performing stock in a rally that has left analysts both impressed and cautious. The courier and logistics company saw its share price surge aggressively during the week, riding on heightened investor appetite for low-priced […]

  • Banklink Africa deepens commitment to CMFC with additional capital injection

    Banklink Africa deepens commitment to CMFC with additional capital injection

    THE transformation of DEAP Capital Management & Trust Plc into Critical Minerals Financing Corporation Plc (CMFC Plc) has entered a decisive phase, following an additional N2 billion capital injection by Banklink Africa Private Equities Limited. The latest funding increases total capital injected to N3 billion, with the balance of the N6 billion committed under the […]

  • Experts to discuss real sector growth at 2026 Industry Summit

    Experts to discuss real sector growth at 2026 Industry Summit

    THE nation’s real sector and its growth trajectory will come under scrutiny at this year’s edition of The Industry Summit and Awards, an annual event organised by The Industry newspapers, as part of the publication’s contributions to knowledge. Speaking on the event, slated for this month, in Lagos, the convener and publisher of the publication, […]

  • Women advertisers charged on professional empowerment, holistic wellness

    Women advertisers charged on professional empowerment, holistic wellness

    EXPERTS in the nation’s integrated marketing communications space have charged women advertisers on the need to enhance their professionalism and maintain a healthy lifestyle to enable them to contribute to the nation’s economic development. The experts gave the charge at the Women in Out-of-Home Advertising Network (WOHAN) forum, organised as part of WOHAN’s activities in […]

  • Offshore reputation management, Nigeria’s IMC space: Matters arising

    Offshore reputation management, Nigeria’s IMC space: Matters arising

    AT an induction event held for a new set of fellows of advertising profession, held in the second quarter of last year, the chairman of TROYKA Group, Biodun Sobanjo, had expressed his delight at the evolution the nation’s integrated marketing communication (IMC) had witnessed in the past few decades. The advertising icon had, in his […]

  • NEMSA, FGN Power Company deepen collaboration on safety, standards

    NEMSA, FGN Power Company deepen collaboration on safety, standards

    THE Nigerian Electricity Management Services Agency (NEMSA) has reaffirmed its commitment to deepening collaboration with the FGN Power Company to enhance inspection processes, enforce technical standards and promote safety across the power sector. NEMSA’s MD/CEO NEMSA/Chief Electrical Inspector of the Federation, Engineer Olusegun Adesayo, made the commitment during a visit by the management of FGN […]