Author: Ifetayo Adeniyi

Airtel Africa Half-Year Results: Revenue Up 25%, Profit Quadruples, Digital And Financial Services Drive Growth • Six Months Reports Ended 30 Sept. 2025 • Strong Execution Drive Robust Half-Year Performance Airtel Africa plc has reported another strong set of results for the half year ended 30 September 2025, reflecting sustained customer growth, rising demand for digital services, and continued execution of its customer-centric strategy. Operating Highlights Customer Growth: Total customer base grew 11% to 173.8 million, driven by strong demand across all segments. Data Expansion: Data customers increased 18.4% to 78.1 million, with smartphone penetration up 3.8 percentage points to…

As MTN Concludes Campus Invasion, 100 Level Student Wins New Car In Benue An excited Elizabeth Aka, a 100-level student of the faculty of arts received a brand-new car gift during the MTN Campus Invasion at the Rev. Fr. Moses Orshio Adasu University, Makurdi (MOAUM), formerly Benue State University, (BSU). The three-day youth program, which ran from October 15 to 17, 2025, transformed the Makurdi campus into a vibrant center for entrepreneurship development, digital skills acquisition, and high-energy entertainment. The initiative specifically targets young Nigerians aged 18 to 25, providing them with platforms to showcase their businesses while enjoying celebrity-studded…

Fidelity Bank’s GAIM 6 Promo Extension: A Timely Boost for Financial Inclusion and Economic Empowerment L – R: Direct Sales Executive, Fidelity Bank Plc, Adegboyega Ademokunwa; GAIM 6 Eight Monthly draw Winner, Innocent Okoro Orji; Branch Leader, Fidelity Bank Plc, Gbagada, Chinwe Umez-Eronini; and Product Manager, Savings, Fidelity Bank Plc, at the GAIM 6 prize presentation ceremony held at Gbagada Building Materials market in Lagos recently. This is a timely enhancement for financial empowerment. As Nigeria looks to opening up the economy and empowering its citizens, Fidelity Bank Plc has taken a bold step to deepen financial inclusion and reward…

GTCO Plc Releases 2025 Q3 Unaudited Results …Reports Profit Before Tax of ₦900.8billion Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of Septembe 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group posted profit before tax of ₦900.8billion on the back of strong performance on the core earnings lines of interest income and fee income which grew y-o-y by 25.6% and 16.8% respectively. The strong core-earning performance continued to narrow the y-o-y dip in PBT to 26%, thereby cushioning the impact of the…

The Alternative Bank Unveils Scholarship For Women Empowerment, Digital Skills • The scholarship starts in November 2025. The Alternative Bank (‘AltBank’) has announced the launch of The Alternative Bank-Utiva Women in Tech Scholarship, a landmark initiative designed to empower women entrepreneurs with digital skills, innovation design, and business growth training. The announcement was made during a high-level virtual convening held on Friday to commemorate the International Day for Rural Women. The scholarship programme, which begins in November 2025, forms part of the Bank’s wider Corporate Social Investment commitment to bridge gender and digital divides, equipping women with tools to scale…

Warri–Itakpe Train Service Back To Serve – NRC • Operations resume fully as tickets are being sold already. Passenger operations on the Warri–Itakpe rail corridor are set to resume following the completion of critical maintenance and system checks by the Nigerian Railway Corporation (NRC). The NRC said the temporary suspension of the service allowed its engineers to carry out essential repairs on the track infrastructure and rolling stock, aimed at improving passenger comfort, safety, and operational reliability. Ahead of the resumption, the Corporation reopened its online ticketing platform — https://nrc-fane.ng — at 12 noon on Monday, October 27, enabling passengers…

Int’l airfares for Nigerian travellers now include additional $11.5 charge per ticket from Dec. 1 • Causing extra cost for international travellers. • Nigeria’s inbound and outbound passengers are in for an additional tax regime, with a $11.5 security levy effective December 1, 2025. This new tax, also known as the Advance Passenger Information System (APIS), increases Nigeria’s security levy to $31.50 per flight ticket and is estimated to generate a cumulative sum of $46 million for the Nigeria Civil Aviation Authority (NCAA) yearly. On the other hand, the development will further increase the cost of international travel borne by…

Fidelity Bank Lauds Air Peace on Maiden Heathrow Flight The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe Leading financial institution, Fidelity Bank Plc, has commended Air Peace for its historic inaugural direct flight from Abuja to London Heathrow, describing the milestone as a bold testament to Nigerian excellence in global aviation. The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON in a statement issued following the launch, praised Air Peace for its resilience and vision. The MD noted that the airline’s expansion into the prestigious Heathrow route reflects…

NNPC Ltd Renews Commitment to Robust Downstream Infrastructural Development during 2025 OTL Week • Seeks solution to challenges and align on opportunities. The NNPC Ltd has reiterated its commitment to the development and revamping of downstream across the country to enhance collaboration and drive efficiency in the sector. Group Chief Executive Officer, Engr. Bayo Ojulari, stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday. Speaking on the conference’s theme “Energy Sustainability: Beyond Boundaries & Competition”, Ojulari said competition alone was no longer enough to drive efficiency, adding that operators must embrace…

Dangote Cement Reports 165% Surge In EPS, Reinforces Market Leadership Across Africa Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per share (EPS), which rose from ₦16.55 to ₦43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts. Group revenue climbed by 23.2 per cent, reaching ₦3,154.8 billion compared to ₦2,560.6 billion in the same period of 2024. The company also recorded a 57.7 per cent rise in Group EBITDA, which grew from ₦908.7 billion to ₦1,428.2 billion. Profit…