By Ayomide Otitoju Guaranty Trust Holding Company Plc has reported a marginal 0.88 per cent year-on-year increase in profit before tax to N302.89 billion for the first quarter ended March 31, 2026, compared to N300 billion recorded in the corresponding period of 2025.However, profit after tax declined by 15.42 per cent to N218.13 billion, largely…
By Ayomide Ottoju MTN Nigeria Communications Plc has announced plans to divest its ownership in Y’ello Digital Financial Services and sell a 60 per cent stake in MoMo Payment Service Bank to MTN Group in a transaction valued at N152.06 billion. The proposed deal, disclosed in a shareholders’ FAQ ahead of the company’s Annual General…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has been inducted as an Associate Member of the Chartered Institute of Stockbrokers (CIS), in recognition of his engagement with Nigeria’s capital market and investment ecosystem. The induction ceremony took place on Tuesday at Lagos House, Marina, and was attended by members of CIS, top government officials,…
By Ayomide Otitoju The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has pegged the retail price of Aviation Turbine Kerosene (ATK) in Nigeria at between ₦1,960 and ₦2,800 per litre amid rising fuel costs affecting airline operations. In a statement, NMDPRA Director of Public Affairs George Ene-Ita said the prices were based on nationwide…
By Ayomide Otitoju The World Health Organization (WHO) has warned that global progress in eliminating hepatitis remains too slow, despite the availability of effective tools to combat a disease that kills more than one million people annually.In its Global Hepatitis Report 2026, the agency said hepatitis B and C, which account for about 95 per…
By Ayomide Otitoju The Governance Advisory Council (GAC), the highest decision-making body of the All Progressives Congress in Lagos State, has adopted Deputy Governor Obafemi Hamzat as its consensus governorship candidate ahead of the 2027 election. GAC Chairman Tajudeen Olusi announced the decision on Tuesday after a meeting of party leaders at Lagos House, Marina,…
By Ayomide Otitoju Nigeria’s crude oil production has risen to its highest level in five years, reaching 1.71 million barrels per day between April 2025 and April 2026, according to the Nigerian National Petroleum Company Limited (NNPC). The figures were contained in the NNPC One-Year Mandate Report Summary shared on X by Group Chief Executive…
By Ayomide Otitoju The Niger Delta Power Holding Company Limited (NDPHC) and the Nigerian Content Development and Monitoring Board (NCDMB) are planning to supply 10 megawatts of electricity to the Nigerian Oil and Gas Park in Odukpani, Cross River State. In a statement signed by NDPHC’s Head of Corporate Communications and External Relations, Emmanuel Ojor,…
Former heavyweight champion Anthony Joshua is set to return to the ring in July with a bout against little-known Albanian fighter Kristian Prenga in Saudi Arabia.The fight, scheduled for July 25 in Riyadh, will mark Joshua’s first appearance since a December car crash in Nigeria that claimed the lives of two of his close associates,…
