By Ayomide Otitoju Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange and the Johannesburg Stock Exchange, has reported a Profit After Tax (PAT) of ₦210 billion for the nine months ended September 30, 2025 — a 164% increase from ₦76 billion in the same period of 2024. The growth was…
By Ayomide Otitoju First Bank of Nigeria Limited (FirstBank) has announced the launch of the Verve Flash Promo, a nationwide campaign offering free Verve debit cards to customers whose ATM cards have expired. The initiative, which began on October 6, 2025, and runs until January 30, 2026, will reward 131 customers daily on a first-come,…
By Ayomide Otitoju Sterling Financial Holdings Company Plc (Sterling HoldCo) has reported a 127% year-on-year increase in profit after tax (PAT) to ₦62.3 billion for the nine-month period ended September 30, 2025, underscoring the Group’s strong earnings capacity, operational efficiency, and disciplined execution. The Group’s gross earnings grew by 44.1% to ₦341.7 billion, up from…
By Ayomide Otitoju The World Health Organization (WHO) has released new guidance to help countries address the immediate and long-term impacts of sudden and severe reductions in external health funding, which are disrupting essential health services across many low- and middle-income countries (LMICs). The document, titled “Responding to the Health Financing Emergency: Immediate Measures and…
US President Donald Trump on Friday rejected any resumption of trade negotiations with Canada, a week after abruptly halting talks over a contentious anti-tariff advertisement. Speaking to journalists aboard Air Force One, Trump said he liked Canadian Prime Minister Mark Carney, but criticized Canada’s actions. “No, discussions will not resume,” Trump said, adding that Carney…
King Charles III’s unprecedented decision to strip his younger brother, Prince Andrew, of his royal titles has drawn widespread approval across Britain but reignited calls for deeper accountability and reform within the monarchy. The King’s move—marking the first time since 1919 that a royal has been formally deprived of a princely title—comes amid renewed controversy…
By Ayomide Otitoju The Federal Government has released approximately ₦2.3 billion to settle salary arrears and backlogs for the Academic Staff Union of Universities (ASUU) and other university-based unions. A statement on Wednesday by Folasade Boriowo, Director of Press and Public Relations at the Ministry of Education, said the funds, representing Batch 8 salary and…
By Ayomide Otitoju London, UK – British oil and gas giant Shell reported a 24 percent increase in net profit for the third quarter, as improved trading margins and higher sales volumes offset declining oil prices. Profit after tax rose to $5.3 billion for the three months ending September, up from $4.3 billion a year…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Limited is seeking technical equity partners to revive three of its idle refineries, which have remained non-operational despite substantial investments. Group Chief Executive Officer, Bayo Ojulari, disclosed the plan in a post on X on Thursday, emphasizing the need to ensure the refineries run efficiently. With…
