Unity Bank Disburses Over N500 Million Through SHOCOF to Support Traders
Unity Bank Disburses Over N500 Million Through SHOCOF to Support Traders LAGOS.08.05.2026. As part of efforts to promote SMEs and strengthen support for operators in the informal sector, Unity Bank has continued to empower small-scale traders and shop owners across Nigeria through its initiative called Shop Collateralised Facility, SHOCOF. SHOCOF is an innovative loan product, and Unity Bank has disbursed over N500 million to beneficiaries, significantly improving access to financing, and further driving financial inclusion. Originally intro…
FirstHoldCo Sustains Strong Q1 Momentum As Gross Earnings Hit N942bn
FirstHoldCo Sustains Strong Q1 Momentum As Gross Earnings Hit N942bn …Profit Rises to N321bn; FY Revenue Tops N3.4tn FIRST HOLDCO PLC GROWS GROSS EARNINGS TO ₦3.4 TRILLION FOR THE FULL YEAR ENDED DECEMBER 31, 2025 First HoldCo Plc. (“FirstHoldCo” or the “Group”) today announces its audited results for the financial year ended December 31, 2025. Financial Highlights Income statement (₦’billion) FY 2025 FY 2024 Δ Gross earnings 3,435.4 3,212.6 +6.9% Interest income 2,994.1 2,397.4 +24.9% Net Interest Income 1,916.9 1,401.3 +36.8% Non-Interest…
TEGBE AT THE SENATE -SETTING THE RECORD STRAIGHT
TEGBE AT THE SENATE -SETTING THE RECORD STRAIGHT 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 w…
NCC and Cameroon’s ART Hold Regulatory Benchmarking Meeting in Abuja with DG Philemon Zoo Zame and CEO Aminu Maida
NCC and Cameroon’s ART Hold Regulatory Benchmarking Meeting in Abuja with DG Philemon Zoo Zame and CEO Aminu Maida Philemon Zoo Zame, Director General, Telecommunications Regulatory Board (ART), Republic of Cameroon, and Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), during a benchmarking exercise at the NCC Head Office in Abuja on May 6, 2026.
Senate Screens Tegbe as Power Minister, Outlines Reform Priorities and Delivery Commitments
Senate Screens Tegbe as Power Minister, Outlines Reform Priorities and Delivery Commitments 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 stres…
.jpeg)
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings Lagos, Nigeria – May 6, 2026: Access Holdings Plc has reaffirmed its commitment to longterm 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 divid…
JMG Strengthens Industrial, Retail, and Logistics Footprint in Q1 2026
JMG Strengthens Industrial, Retail, and Logistics Footprint in Q1 2026 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 i…
.gif)
Social Plugin