Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2026, with a 6% growth in Gross Earnings, from N950 billion reported in Q1 2025 to N1.01 trillion in Q1 2026. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Thursday, 30th April 2026, this growth was driven by increase in interest income and non-interest income. The increase in interest income was primarily due to the expansion of the Bank’s risk asset portfolio, supported by disciplined, risk adjusted pricing. Interest expense moderated by 5% YoY in…
Author: Lilian Azuh
The Lagos State Traffic Management Authority (LASTMA) solemnly announces a tragic road traffic incident that occurred earlier today along the Third Mainland Bridge, precisely at the Ilaje inward Iyana Oworo axis. The harrowing incident involved a catastrophic head-on collision between two Toyota Sienna vehicles (LSR 809 GV and LSR 695 HM). The severity of the impact underscores the grave consequences of reckless driving behaviours, particularly excessive speeding. Upon receiving the distress alert, LASTMA operatives who were on routine surveillance along the bridge responded with commendable promptitude, swiftly instituting essential traffic control measures to avert further complications. Safety cones were strategically…
Information gathering and disseminating during election period indeed played a pivotal role in keeping the people abreast with reports, particularly as it concern updates across various locations where the election is going on. However, distorting vital information that could derail the entire process has been described by many as a setback that could undermine the generality of the election. This is what prominent communication expert, Season Journalist along with key stakeholders will be talking about during the 7th edition of Timeline Awareness Initiative Lecture and Awards in Lagos. The event which is championed by the public sensitization platform of TimelineNG,…
President-CE: L-R: CEO, Norges Bank Investment Management (NBIM), Nicolai Tangen and President/CE, Dangote Industries Limited, Aliko Dangote during a meeting in Norway Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa. During the period under review, the company completed 10 clinker shipments from Nigeria to neighbouring markets, further consolidating its position as Africa’s leading cement exporter. According to the company’s unaudited Q1 2026 financial results, total sales…
The Oyo State chapter of the All Progressives Congress (APC) has congratulated Chief Joseph Olasunkanmi Tegbe on his nomination as Nigeria’s Minister of Power, describing the development as well-deserved and timely, given the country’s pressing need for sustained reforms in the energy sector. In a statement jointly signed by the State Chairman, Chief Moses Adeyemo Alake, and the State Secretary, Hon. (Barr.) Fatai Adesina, the party expressed confidence in Tegbe’s capacity to deliver impactful leadership, citing his track record of excellence in both the private and public sectors. The party noted that Tegbe’s nomination comes at a critical period in…
L-R: Mr. Benjamin Amafonye, Project Architect, Royal Haskoning DHV; Dr. Aristotle Onumo, Director Stakeholders Management and Partnership, NITDA; Mr. Amrish Singhal, CEO Spectranet and Mr. Ebenezer Dare, Executive Director, NiRA during panell session on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub” at the IoT West Africa Conference at Landmark Event Centre Victoria Island Lagos. The DirectorGeneral, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has underscored the central role of policy as an enabler of Nigeria’s digital transformation. While speaking a panel session at the IoT West Africa Conference on the theme “The…
The recent narrative of a supposed battle between Owo and Ose for the federal constituency seat, though faintly reported and poorly presented, appears to be little more than a contrived and hypocritical political ploy, likely funded by vested interests. Framed as a collective outcry from the people of Ose, this story is nothing but a political strategy designed to mislead and manipulate, and should have been ignored for its blatant lack of substance. Yet, failing to challenge these falsehoods would allow them to gain unwarranted traction among the gullible, particularly within the political class. Owo continues to languish under both…
L-R: GCEO NNPC Ltd, Engr. Bashir Bayo Ojulari flanked by the Chairman, Sanjiang Chemical Company, Mr. Guan Jianzhong (left) and Chairman, Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, Mr. Bill Bi (right), signing a Memorandum of Understanding for collaboration on Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and Warri Refineries, in Jiaxing City, China, on Thursday, April 30, 2026. The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through…
The ninth edition of the GTCO Food and Drink Festival has once again captured the imagination of attendees, with striking visual moments reflecting a seamless blend of enterprise, culture, and community engagement across Lagos. Held from May 1 to May 3, 2026, at the GT Centre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, the three-day event organised by Guaranty Trust Holding Company Plc (GTCO Plc) unfolded not only as a commercial hub but as a visually rich cultural exhibition. The pictorial excerpts from the festival reveal a dynamic convergence of food entrepreneurs, culinary artistry, and lifestyle expression. From bustling…
The 2026 edition of the GTCO Food and Drink Festival has reinforced its standing as a powerful catalyst for small business growth and cultural expression, drawing thousands of visitors into a vibrant, family-friendly celebration that blends enterprise with entertainment. Held from May 1 to May 3, the three-day festival delivered more than a culinary showcase; it offered a dynamic marketplace where small and medium-scale enterprises (SMEs) connected directly with consumers, while also benefiting from visibility, networking opportunities, and institutional support. From live cooking demonstrations to masterclasses led by renowned chefs, the event underscored the evolving sophistication of Nigeria’s food ecosystem.…