By Ayomide Otitoju First HoldCo Plc has reported a strong financial performance for the first quarter of 2026, with gross earnings rising by 26.8 per cent year-on-year to ₦942 billion and profit before tax increasing by 72.2 per cent to ₦321.1 billion. The group’s unaudited results for the period ended March 31, 2026, showed that…
By Ayomide Otitoju The Minister-Designate for Power, Joseph Olasunkanmi Tegbe, has said there are no quick fixes to Nigeria’s power sector challenges, pledging instead to pursue transparent, measurable, and disciplined reforms aimed at restoring stability and efficiency in the industry. Tegbe made this known during his Senate screening on Wednesday, May 6, 2026, where he…
By Ayomide Otitoju Fidelity Bank Plc has provided financial support to JKS Special Needs Academy through its Fidelity Helping Hands Programme (FHHP), aimed at sustaining care and shelter for vulnerable children in the Federal Capital Territory. The intervention was driven by newly recruited staff under the bank’s “Team Valorem” initiative as part of their induction…
By Dr. Isah Abu and Ayomide Otitoju Fresh efforts to link former Chief Investment Officer of the NNPC Upstream Investment Management Services (NUIMS), Dr. Bala Wunti, to the ongoing “₦210 trillion Senate probe” controversy have sparked renewed debate over the spread of misinformation in Nigeria’s political space. The allegations, circulating across some media and political…
By Ayomide Otitoju JMG Limited has strengthened its position in Nigeria’s industrial, retail, and logistics sectors through a series of major engineering and infrastructure projects delivered in the first quarter of 2026. The integrated electromechanical solutions company said the projects, spanning manufacturing, retail operations, and nationwide distribution, reflect its strategy of developing interconnected systems designed…
By Ayomide Otitoju NNPC Retail Limited’s widely anticipated Oleum Scratch & Win Promotion has officially ended, with Port Harcourt resident Uroko Chidera Samson emerging as the grand prize winner of a brand-new GAC Gas Sport Utility Vehicle. The campaign, launched on December 20, 2025, drew to a close on April 22, 2026, after captivating more…
By Ayomide Otitoju A groundbreaking ceremony has been held for the future Mbanza Congo Centrality in Angola’s Zaire Province, marking a new phase in the country’s push for integrated urban development and improved housing delivery. The project, located in the historic city of Mbanza Congo—a UNESCO World Heritage Site and a key symbol of national…
By Ayomide Otitoju Zenith Bank Plc has announced the appointment of Mustafa Bello as Chairman of its Board of Directors, following approval by the Central Bank of Nigeria and ratification by shareholders at the bank’s Annual General Meeting held on May 5, 2026. The appointment takes immediate effect and is expected to strengthen board continuity,…
By Ayomide Otitoju Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as its new Chairman, following the retirement of Founder and outgoing Group Chairman, Jim Ovia. The bank disclosed this in a corporate notice issued in Lagos on May 5, 2026, noting that Ovia’s exit followed the completion of his 12-year tenure…
