Author: Ifetayo Adeniyi

Aviation Handling Company Grows Profit To N18bn In Q3 • NAHCO Export Packaging and Processing Centre in Lagos was a first of its kind in Nigeria. Nigerian Aviation Handling Company (NAHCO) Plc has reported a growth of 46 per cent in its profit before tax for the third quarter (Q3) ended September 30, 2025. The nine-month results of NAHCO released at the Nigerian Exchange (NGX) at the weekend showed strong growths across sales and profitability, with a 47 per cent increase in net earnings underlining the increased capacity of the leading aviation handling and logistics group to sustain improved returns…

REA, FCMB push for innovation, investment to drive Nigeria’s renewable energy The Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have urged stronger innovation, collaboration, and targeted investment to accelerate Nigeria’s transition to renewable energy and expand access to sustainable power nationwide. The call was made at the two-day Nigeria Renewable Energy Innovation Forum (NREIF) held in Abuja, which convened policymakers, private sector leaders, equipment manufacturers, and development partners to explore strategies for boosting local manufacturing, financing, and distribution of renewable energy solutions. Vice President Kashim Shettima, addressing participants, emphasised the importance of private sector participation in…

FG plans to Demolish, Rebuild 3 Spans of Iddo Bridge in Lagos File photo: Bridge The Federal Government will demolish and rebuild three major spans of the Iddo Bridge in Lagos, which has suffered structural damage from a fire caused by illegal occupants and repeated collisions with trucks. The Federal Controller of Works in Lagos, Mrs Olukorede Kesha, stated this on Wednesday while briefing newsmen at the bridge site in Lagos. She said the repair, which was part of the Federal Government’s plan to address structural defects and restore the bridge to a safe and durable state, would last about…

NIS prepares for introduction of Single Travel Emergency Passport for Nigerians abroad The Federal Government has declared its intention to introduce a Single Travel Emergency Passport (STEP) to replace the existing Emergency Travel Certificate (ETC). Comptroller General of the Nigeria Immigration Service NIS, Kemi Nanna Nandap said this at the Joint Thematic Meeting of the Khartoum, Rabat and Niamey Processes, organized and co-hosted by Nigeria in collaboration with the Government of France. Service spokesman, ACI Akinsola Akinlabi, in a statement on Wednesday, said the immigration boss explained that “the forthcoming Single Travel Emergency Passport (STEP) will serve as a temporary…

IDPs: EU gave €1.5m support – Envoy EU Ambassador to Nigeria and ECOWAS, Gautier Mignot … aiming to give assistance to the affected persons. The European Union Ambassador to Nigeria and ECOWAS, Gautier Mignot, says the bloc recently provided €1.5 million to support victims of the Yelwata attacks and other Internally Displaced Persons (IDPs) in the country. Mignot disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. NAN reports that in June 2025, suspected bandits attacked and killed over 100 people in Yelwata Community of Benue State. Mignot said the support included €250,000 in humanitarian…

We’re investing N12bn in digital economy research – FG Minister of Communications, Innovation, and Digital Economy, Bosun Tijani The Federal Government has revealed plan to invest N12 billion to fund digital economy research projects to allow the country benefit from digital transformation dividends at the 18th edition of the International Conference on Theory and Practices of Electronic Governance (ICEGOV)in Abuja. Dr Bosun Tijani, Minister of Communications and Digital Economy while speaking at the opening ceremony of the four-day programme with the theme as ‘ Shaping the Future of Digital Governance Through Cooperation, Innovation and Inclusion,’ on Tuesday. The programme was…

Subscribers to get more value on voice, data as Glo unveils “Collabo Bundles” Globacom has unveiled a new product, the “Glo Collabo Bundles”, which gives subscribers the best of voice and data in one convenient package at highly affordable rates. The “Glo Collabo Bundles” are designed to make staying connected easier and more rewarding, whether for calls or internet use. With plans starting from just ₦500, customers enjoy a combination of voice minutes and data that delivers massive savings compared to buying both separately. For instance, with the ₦500 Collabo Bundle, subscribers get 10 all-network minutes for calls and 450MB…

FirstHoldCo sustains growth momentum as gross earnings rise 17% to N2.6trn … total assets at ₦26.4 trillion in 2025. FirstHoldCo Plc has sustained its growth momentum across core business segments, reporting a 17.1 percent year-on-year increase in gross earnings to ₦2.64 trillion for the nine months ended September 30, 2025, compared to ₦2.25 trillion in the corresponding period of 2024. According to the unaudited results released by the Group, interest income rose sharply by 40.4 per cent to ₦2.29 trillion from ₦1.63 trillion in September 2024, reflecting improved asset yields and loan book expansion. Net interest income also climbed 71.7…

US lawmaker criticizes China, supports proposed military action in Nigeria US lawmaker, Riley Moore. Photo: AFP United States lawmaker, Riley Moore, has slammed China for warning Washington against a proposed military action in Nigeria over alleged genocide against Christians, insisting that Beijing would not dictate America’s foreign policy. In a post shared on his X handle on Tuesday, Moore expressed support for US President Donald Trump’s position on defending Christians in Nigeria. He stated that the US had a moral responsibility to defend religious freedom. “President Trump is absolutely right to defend our brothers and sisters in Christ who are…

Nigeria’s excess crude account grows 13% in two years … fund fell to N17.21bn in April 2024 before recovering through 2025. Excess Crude Account of Nigeria rose 13 per cent in two years while the Stabilisation Account more than tripled, an analysis of presentations made by the Accountant-General of the Federation to the National Economic Council shows. The review covers 15 NEC meetings between June 15, 2023, and October 23, 2025. It has been observed that the ECA slowly rose from $473,754.57 at the council’s inaugural meeting under President Bola Tinubu to $535,823.39 at the latest session, an increase of…