Author: Ifetayo Adeniyi

MTN Nigeria MTN Nigeria has reaffirmed its position as a critical driver of the non-oil economy, posting a service revenue of N5.2tn in its 2025 audited financial results. Beyond the impressive top-line growth, the company emphasised that its financial success is deeply intertwined with national development, standing firmly as one of the country’s largest corporate taxpayers and ensuring its profitability supports the Federal Government’s infrastructure and social welfare programmes. The 2025 financial year, according to a statement from the firm, was described as a remarkable period of recovery and resilience for the company. The Chief Executive Officer, Dr Karl Toriola,…

Elegbede Abiodun • Says successful conduct of the forthcoming elections was a collective responsibility. Independent National Electoral Commission (INEC) has fixed Saturday, January 16, 2027, for the presidential and National Assembly elections. The commission had earlier fixed Saturday, Febru-ary 20, 2027 for the presidential and National Assembly elections, and Saturday, March 6, 2027 for the governorship and state Houses of Assembly elections, pursuant to the Electoral Act, 2022. However, INEC’s National Commissioner and Chairman, Information and Voter Education Committee, Mohammed Haruna, in a statement, in Abuja, said the governorship and state Houses of Assembly elections would now hold on Saturday,…

Growth was tied to a combination of elevated service standards.  Shareholders of Transcorp Hotels Plc, yesterday approved the sum of N13 billion as dividend for the 2025 financial year. This translated to a total N1.30 kobo per share. Shareholders also commended the management for continuously improving its financial performance over the years. Chairman, Transcorp Hotels Plc, Dr. Awele Elumelu, said 2025 was a good year as revenues increased by 38 per cent to N97 billion compared to N70 billion in the preceding year. She said the growth was driven by a combination of elevated service standards. She said, “We saw…

Elegbede Abiodun “… interest-free financial stability to every Nigerian.” Acting Chief Executive Officer, IIFM stated. The Alternative Bank (AltBank) has joined the International Islamic Financial Market (IIFM), the global standard-setting body for Islamic finance documentation and market practice. The membership aligns the bank with internationally recognised frameworks used across major Islamic finance jurisdictions, reinforcing the structure, execution and credibility of its Shari’ah-compliant transactions. As part of the integration, AltBank will align its interbank liquidity documentation with IIFM’s Master Collateralised Murabahah Agreement (MCMA) framework and plans to unveil its first ready-to-sign documentation pack alongside a streamlined counterparty onboarding process in Q2…

Elegbede Abiodun • Showing the governor’s readiness to make Kogi a prosperous state in Nigeria.  The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Dr. Olufemi Ogunyemi, yesterday issued the license of the newly approved Ajaokuta Free Trade Zone to the Governor of Kogi State, Alhaji Ahmed Usman Ododo. Speaking at the ceremony in Abuja, the governor said the recognistion will enable his administration to unlock the state’s vast mineral potential to better the lives of its people. He said the license was a fulfillment of his campaign promises to the people, describing it as both an asset and…

Gombe State and Sagamu Plant in Ogun State. Upon completion, Ashaka and Sagamu Plants’ total capacity will be 2MT and 3.5MT per annum respectively. After the expansion, the total capacity of Lafarge Africa will rise to 14.0MMT. Lolu Alade- Akinyemi concluded: ‘Lafarge Africa Plc will continue to explore the volume opportunities in our markets, while sustaining prudent cost optimization. Our sustainability-driven growth model remains at the core of our long-term value creation strategy, underpinned by the continued execution of our strategic priorities.’

Elegbede Abiodun Champion Breweries Plc, yesterday made public the successful completion of its acquisition of the Bullet brand portfolio from Sun Mark, marking a transformative milestone in the Company’s strategic expansion into a diversified, pan-African beverage platform. The acquisition, which was previously announced on 20 August 2025, gives Champion ownership of the Bullet brand assets, trademarks, formulations, and commercial rights globally through an asset carve-out structure. The assets are held in a newly incorporated entity in the Netherlands, in which Champion Breweries holds a majority interest, while Vinar N.V., the majority shareholder of Sun Mark, retains a minority stake. Bullet…

Manny Ita- At least 25 people have been confirmed dead following a series of coordinated attacks by gunmen across Adamawa State on Tuesday, marking one of the deadliest escalations of violence in the region this year. According to local government officials and community leaders, the primary assault occurred in Madagali Local Government Area, where insurgents riding motorcycles stormed a local market and opened fire, killing 21 civilians. Witnesses reported that the attackers looted food supplies and seized transport vehicles before fleeing the scene. Hours later, an ambush in the neighboring Hong Local Government Area resulted in the deaths of three…

Manny Ita  – The Ministry of Finance Incorporated (MOFI) has officially commenced the electronic disbursement of dividends to eligible shareholders of the MOFI Real Estate Investment Fund (MREIF) today, February 27, 2026, following a record-breaking financial performance. The fund’s year-end audit for 2025 revealed a Net Asset Value (NAV) of ₦270.29 billion, marking a significant milestone in the federal government’s strategy to institutionalize and commercialize state-owned real estate assets. This payout follows the successful consolidation of high-yield commercial and residential properties into the fund’s portfolio, which has outperformed several private-sector benchmarks despite the prevailing high-interest-rate environment in Nigeria’s property market.…

Manny Ita – The National Information Technology Development Agency (NITDA) has concluded a specialized digital capacity-building initiative for the Federal Character Commission (FCC), equipping the agency with modern data tools and hardware to transition its oversight functions from manual processes to a digital, data-driven model. As part of the intervention, NITDA donated 35 high-end laptops to the Commission, aimed at enhancing the staff’s ability to monitor over 700 Ministries, Departments, and Agencies (MDAs) for compliance with the federal character principle. This move aligns with the Federal Government’s “Digital Literacy for All” (DL4All) program, which targets a 90% digital literacy rate…