Access Holdings Delivers ₦320.6 Billion Profit Before Tax in H1 2025
Access Holdings Delivers ₦320.6 Billion Profit Before Tax in H1 2025 Access Holdings Plc (“the Group” or “the Company”) has delivered a profit before tax (PBT) of ₦320.6 billion for the half year ended June 30, 2025, a demonstration of its strategy, diversified growth model, and execution. Profit after tax (PAT) stood at ₦215.9 billion, underscoring the Group’s ability to consistently generate sustainable returns amid a challenging macroeconomic environment. Access Holdings recorded gross earnings of ₦2.5 trillion, a 13.8% increase from ₦…
“It’s Unpatriotic To Make Wealth In Africa And Store It Abroad,” Says Tony Elumelu
“It’s Unpatriotic To Make Wealth In Africa And Store It Abroad,” Says Tony Elumelu Tony Elumelu, Chairman of Heirs Holdings and other fortune companies, has called on African investors to retain and reinvest their wealth within the continent, describing the act of moving capital abroad as unpatriotic and detrimental to Africa’s long-term development. Speaking at the 2025 Abuja Business and Investment Summit, Elumelu said the continent’s growth depends on the commitment of its own entrepreneurs and investors to believe in Africa’s potential …
Polaris Bank restates support for SMEs growth in Nigeria with launch of 'EveryDay supermarket' Yenegoa Branch
Polaris Bank restates support for SMEs growth in Nigeria with launch of 'EveryDay supermarket' Yenegoa Branch Bayelsa, Nigeria, October 24th : Polaris Bank has reaffirmed its commitment to supporting small and medium-scale enterprises (SMEs) and driving economic growth in Nigeria’s South-South region with the commissioning of the new 'Everyday Supermarket' Yenagoa Store. The grand opening, which took place yesterday at Bay Bridge Junction on the Kpansia-Epie Expressway, Bayelsa State , marks the retail chain’s entry into the …
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Access Holdings Reports ₦2.5 Trillion Gross Earnings in H1 2025
Access Holdings Reports ₦2.5 Trillion Gross Earnings in H1 2025 Lagos, Nigeria - October 24, 2025: Access Holdings Plc (“the Group” or “the Company”) today announced its half-year audited financial results for the period ended June 30, 2025. The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan. Gross earnings increased by 13.8% year-on-year to ₦2.5 trillion in H1…
Fearless Energy Drink Ignites the Spirit of Bold Self-Expression at Felabration 2025
Fearless Energy Drink Ignites the Spirit of Bold Self-Expression at Felabration 2025 Olaniyi Aderuku, Brand Manager, Fearless Energy Drink of Rite Foods Limited, and team, presenting a cheque to the winner of the Fearless Rap Battle at the 2025 Felabration themed “Shakara, No Fear,” powered by Fearless Energy Drink. Rite Foods Limited, Nigeria’s leading food and beverage company, through its flagship brand Fearless Energy Drink, electrified this year’s Felabration as the exclusive energy drink sponsor of the iconic week-long festival honoring…
FirstBank Integrates PAPSS into LIT App for Seamless Cross-Border Payments Across Africa
FirstBank Integrates PAPSS into LIT App for Seamless Cross-Border Payments Across Africa Lagos, 22 October 2025 - FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, developed by the African Export-Import Bank (Afreximbank) …
UBA, Renewvia Commission Solar Systems Across 25 Branches, …Strengthens Nigeria–Norway Clean Energy Collaboration
UBA, Renewvia Commission Solar Systems Across 25 Branches, …Strengthens Nigeria–Norway Clean Energy Collaboration L–R: Counsellor, Business and Trade, Norwegian Ministry of Foreign Affairs, Solveig Andresen; Group Deputy Managing Director, United Bank for Africa (UBA)Plc, Muyiwa Akinyemi and CEO, Empower New Energy, Terje Osmundsen, during the official Ribbon Cutting ceremony to unveil renewable energy solutions across 25 UBA branches in five Nigerian states held at the UBA Oba Akran 2 branch, Ikeja-Lagos Nigeria on Wednesday L-R: Executive D…
RE: ALLEGATION OF IMPROPER TRANSACTION PRACTICES INVOLVING OUR STAFF
RE: ALLEGATION OF IMPROPER TRANSACTION PRACTICES INVOLVING OUR STAFF The attention of the Management of the Lagos State Signage and Advertisement Agency (LASAA) has been drawn to a recent social media post alleging that a staff of our Agency engaged in improper transaction practices by using a personal bank account to receive payments from customers for signage-related services. The Agency views this allegation with utmost seriousness and wishes to state unequivocally that such actions, if verified, are contrary to the established financial …
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MAGGI Reinforces Local Sourcing Commitment with Regenerative Farming Initiative
MAGGI Reinforces Local Sourcing Commitment with Regenerative Farming Initiative MAGGI, Nigeria’s leading seasoning brand from Nestlé, has announced the successful completion of its Regenerative Agriculture (RegenAg) pilot for local soybean sourcing, a milestone that has inspired a broader program now supporting 25,000 smallholder farmers across Nigeria. Launched in 2023 with an investment of over ₦100 million, the pilot supported 1,030 soybean farmers to adopt climate-smart practices that improved their yields while restoring soil health. Impl…
We’re determined to deliver Port Harcourt Ring Road Project – Fubara
We’re determined to deliver Port Harcourt Ring Road Project – Fubara ... Julius Berger returns to the site, makes tremendous progress on other projects Rivers state governor, Siminalayi Fubara has reaffirmed his administration's commitment to completing the 62.65 km Port Harcourt Ring Road project despite setbacks. He spoke at a section of the project during an on-site inspection tour weekend. Fubara emphasised that the state government is determined to deliver the project, which has faced delays due to financial challenges, even as Juli…
Stanbic IBTC FUZE Talent Show 2025 unveils Amy Aghomi as New Fashion Judge
Stanbic IBTC FUZE Talent Show 2025 unveils Amy Aghomi as New Fashion Judge The Stanbic IBTC FUZE Talent Show 2025, themed “The Ultimate Show”, has announced the appointment of Amy Aghomi as its new fashion judge, bringing fresh expertise and perspective to the panel . Amy is celebrated for her bold, original vision and her dedication to elevating African fashion. Her brand is known for luxury craftsmanship, bridal couture, and red-carpet designs that blend modernity with cultural heritage. Over the years, she has styled some of Nigeria’s mo…
LASAA hosts legislative delegation, vows continued commitment to visual order, safety
LASAA hosts legislative delegation, vows continued commitment to visual order, safety L-R: The Chairman, Committee on Information, Security and Strategy, Lagos State House of Assembly, Hon. Ogundipe Stephen Olukayode; Chairman, Committee on Energy and Mineral Resources, LAHA, Hon. Sobur Akanbi Oluwa; MD/CEO, Lagos State Signage and Advertisement Agency (LASAA), Prince Fatiu Akiolu; Chairman, Committee on the Environment (Parastatals), LAHA, Hon. (Engr.) Shabi Adebola; Chairman, Committee on Procurement, LAHA, Hon. Apata Samuel; and the Committ…
Meet the Characters of “Mother of the Bride”: A Must-Watch Nollywood Movie
Meet the Characters of “Mother of the Bride”: A Must-Watch Nollywood Movie If you grew up in a Nigerian family, Mother of the Bride, now showing on Africa Magic Showcase, will feel a little too familiar. This isn’t just another film about love and marriage. It’s about pride, survival, and how far people will go to protect their image. The movie follows Mai Sisi, a Lagos matriarch who loses her husband and discovers she has just 45 days to marry off one of her four daughters or lose everything: the house, the comfort, and her reputation. Sudde…
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