Author: Ifetayo Adeniyi

TRANSCORP GROUP POSTS IMPRESSIVE H1 2025 RESULTS, GROWS REVENUE BY N279.7BN AND PROFIT BEFORE TAX TO N85.7B President/Group Chief Executive Officer, Owen Omogiafo, OON • Declares N4.064bn interim dividend Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Nigeria’s leading listed conglomerate, announced its H1 unaudited results, showing impressive year-on-year growth, for the period ended June 30, 2025. Transcorp Group’s H1 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to close at N85.7 billion compared to N70.9 billion recorded in H1 2024. Despite continuing economic headwinds,…

Dangote Foundation feeds 10,000 households in Cross River As part of efforts to ameliorate the pangs of hunger in the society, the Aliko Dangote Foundation last week began the distribution of 10,000 bags of rice, each weighing ten kilograms, to vulnerable households, people living with disabilities and the less privileged in Cross State. Secretary to the Cross River State Government, Professor Anthony Owan-Enoh, represented the State Governor, Bassey Edet Otu, at the event. Prof Owan-Enoh described the donation as a true example of what public private partnership can do to reduce level of suffering in the society. He said “this…

Airtel Nigeria Celebrates Workforce Milestones, Promotes 91 Across Departments In a bold move that reinforces its position as one of the country’s most people-forward organisations, Airtel Nigeria has promoted 91 employees across several business functions. These career advancements, which were announced last week, are centred on employee performance, wellbeing, and inclusion. These promotions are not just numbers; they are stories of excellence, dedication, and the company’s steadfast commitment to building a strong talent pipeline. By championing internal mobility and career growth, Airtel continues to offer its people more than just jobs but a journey of growth. Speaking on the…

FirstBank Retains Top Spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in London. This marks FirstBank’s second consecutive win in the ESG category, affirming its leadership in sustainable finance and responsible banking across Nigeria. The Euromoney Awards for Excellence are regarded as one of the most coveted accolades in the global financial industry. The highly competitive selection process involves rigorous analysis and assessment,…

FCMB Group records N529.2bn in gross earnings FCMB Group Plc has announced its financial results for the half-year period ended June 30, 2025, recording gross earnings of N529.2bn, representing a 41.3 per cent increase compared to N374.5bn posted in the corresponding period of 2024. In its unaudited financial statements for the period ended March 31, 2025, and filed with the Nigerian Exchange Limited on Tuesday, the growth was primarily driven by a 70.3 per cent surge in interest and discount income, which rose to N458.4bn from N269.2bn in H1 2024. This strong performance reflects improved yields on earning assets and…

Nigeria Fintech Week holds October, focus on ecosystem synergy The Fintech Association of Nigeria has announced the return of Nigeria Fintech Week, scheduled for October 7 to 9, 2025, with a renewed focus on ecosystem synergy to drive financial innovation and inclusion across the country. While speaking at a press conference recently in Lagos, the President of the Fintech Association of Nigeria, Dr. Stanley Jacob, said the 8th edition of the event, themed “The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future’, aims to foster deeper collaboration between regulators, startups, investors, corporates, and government agencies. “We are no longer just an…

Nigeria Favours the Shallow Over the Deep, Intelligence Also Matters Douglas Ogbankwa Esq.  The Super Falcons got 100k dollars for winning the WAFCON, but a Police Man or Police Officer has served the country for 35 years and gets 2 million Naira or less. There are many young Nigerians who are investing in IT, infrastructure, and no support from the government. The owners of flutterwave and paystack relocated the headquarters of their businesses to South Africa, the Nigerian Government did not ask why or even encourage them to come back. Pfizer and Glaxco Smith kline left Nigeria, no questions…

Ghana parliament donates ₵100k to Black Queens, bronze medalist at WAFCON … Bronze medalist receive honours back home. Ghana’s Parliamentary Minority on Tuesday donated GH¢100,000 to the Black Queens in honour of their bronze medal finish at the 2024 TotalEnergies Women’s Africa Cup of Nations (WAFCON) in Morocco. The donation was announced during the team’s visit to Parliament as part of their national victory tour. Minority Leader Alexander Afenyo-Markin made the presentation on behalf of the caucus, describing it as a token of national gratitude for the team’s outstanding performance. The gesture received bipartisan applause on the floor, marking a…

Amidst Dangote, marketers competition, Nigerians spent N1.3tr on PMS in June Amidst Dangote, marketers competition, Nigerians spent N1.3tr on PMS in June Nigerians spent an estimated N1.3 trillion on Premium Motor Spirit (PMS) in June 2025, as fresh competition among marketers, including the Dangote refinery, intensified efforts to gain a larger share of the downstream market. PMS sold for between N885 and N925 per litre during the month, with an average pump price of N905 per litre. With a total of 1.44 billion litres of the product distributed nationwide, consumer spending on petrol soared to record levels. An analysis of…

Benue attack: Remi Tinubu donates ₦1bn to victims File Copy: First Lady of Nigeria, Senator Oluremi Tinubu First Lady Remi Tinubu on Tuesday announced a ₦1 billion donation from the Renewed Hope Initiative to support families displaced by the deadly attack on Yelewata community in Benue State. She made the announcement during a condolence visit to the state at the New Banquet Hall of the Benue State Government House. In June, an attack was launched at Yelewata in Guma Local Government Area, resulting in loss of over 100 lives and left many others displaced. According to the First Lady, the…