First HoldCo Plc. (“FirstHoldCo” or the “Group”) today announces its audited results for the financial yearended December 31, 2025.Financial Highlights For footnoted information, refer to Page 9 Wale Oyedeji, the Group Managing Director while commenting on the results stated that: “2025 was a defining year for FirstHoldCo, characterized by disciplined execution, resilient coreearnings and a comprehensive reset of our balance sheet for sustainable performance and high-quality growth. Gross earnings grew by 6.9% to ₦3.4 trillion, underpinned by strong net interest income growth of 36.8% and continued momentum in our digital and transactional franchises. Importantly, we comprehensively de-risked the Group’s balance…
Author: Lilian Azuh
Access Holdings Plc has reaffirmed its commitment to long-term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the nonpayment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full Year 2025 Investors and Earnings Call, where management addressed shareholder concerns regarding the absence of a dividend declaration despite the Group’s robust earnings growth and balance sheet expansion. Access Holdings emphasized that the non-payment of dividend for the 2025 financial year was not performance driven, but reflected prudential regulatory alignment matters…
The Nigerian Senate on Wednesday screened the Minister of Power designate, Engr. Joseph Olasunkanmi Tegbe, with discussions centred on his reform agenda and plans to address longstanding challenges in the power sector. During the session, Senators acknowledged his experience across public sector reform and infrastructure, noting that his cross-sector background positions him to support ongoing efforts to stabilize the sector. In his address, Tegbe stressed the importance of electricity to national development, stating: “Electricity is not just a sector. It is the foundation of productivity, dignity, and national confidence.” He acknowledged persistent challenges across the power value chain, noting that…
JMG Limited, Nigeria’s leading integrated electromechanical solutions company, has reinforced its market leadership with a series of high-impact engineering and infrastructure projects delivered in the first quarter of 2026. Spanning industrial manufacturing, retail operations, and nationwide logistics, the projects collectively reflect a deliberate strategy to build interconnected systems that drive efficiency, resilience, and scale. This integrated approach is evident in the company’s recent work across critical sectors. In industrial space, operations at the Dangote Cement Gboko plant were significantly enhanced through a comprehensive compressed air system upgrade by JMG Industrial, the Air Compressor division of JMG Limited. Following a detailed system…
Our attention has been drawn to inaccurate media reports alleging that the Honorable Minister-designate, Joseph Olasunkanmi Tegbe, promised to fix Nigeria’s power grid within three months. This claim is a clear misrepresentation of his remarks. At his Senate screening on May 6, 2026, Mr Tegbe made no such commitment. He stated unequivocally that the timelines are still being worked on and subject to diagnostics and stakeholder engagements. While assuring that initial grid stabilization efforts would commence within the first 100 days, he made clear that structural reforms, particularly in sector credibility, gas supply, and metering, might take about a year.…
Tears for Enebi, the acclaimed Nigerian short film produced by renowned storyteller Godspower Oshodin, has added another milestone to its growing international legacy, with co-stars Seunmanuel Faleye and Rahmah Zakareeyah winning Best Actor and Best Actress in a Short Film respectively at the Dublin Movie Awards in Ireland. The film has bagged at least 20 nominations and has received over 10 awards across global festival circuits. Seunmanuel Faleye, who co-produced, co-directed and starred in the film, received the Best Actor honour alongside lead actress Rahmah Zakareeyah, whose emotionally layered portrayal of the film’s central character, Enebi Annah, earned her the…
My Modupe, Today,you would have turned 50. When I had the conversation with you exactly 2 years ago on how you would like to celebrate your 50th birthday to enable me plan and execute it excellently well as a way of expressing my gratitude to you again,little did I know that it would be your second posthumous birthday. God knows best. This is your second birthday in heaven, and yet, in my heart, time has not learned how to move on without you in spite of the numerous advise and counsel from therapists,pastors,coaches,friends,family members and associates. I remember your laughter,…
Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board ofDirectors. The appointment, which takes immediate effect, has been approved by the Central Bank ofNigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustainedeffectiveness of the Board, while reinforcing the high standards of corporate governance, regulatorycompliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board ofZenith Bank Plc on 29 December 2017 and has served on several Board…
Union Bank of Nigeria has been named winner of the Best SME Growth Banking Initiatives Award (2025) at the Nigeria National SME Business Awards, organised by the Association of Small Business Owners of Nigeria (ASBON) in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment. The recognition arrives at a moment when the relationship between Nigerian banks and Nigerian small businesses is being quietly redefined. Awards in this space have historically rewarded scale and product breadth. The ASBON criteria, by contrast, ask a more practical question: which banks are actually making it easier for…
Polaris Bank, Nigeria’s leading digital retail and commercial bank, has proudly facilitated the launch of the NACCIMA Export Support Call Center, a vital initiative designed to provide comprehensive support to Nigerian exporters, especially those operating in the non-oil sector and enhance their ability to access global markets. This partnership marks a significant step in the Bank’s commitment to strengthening Nigeria’s export ecosystem. Chris Ofikulu, Executive Director of Polaris Bank, in his address, emphasised the Bank’s commitment to empowering Nigerian businesses for global markets. He highlighted the importance of the NACCIMA Call Center as a key resource for exporters, offering valuable…