Quick Read: Guaranty Trust Holding Company (GTCO) experienced a 12.2% decline in net profit for the first nine months of the year, falling to N614.6 billion. The financial performance was hampered by rising interest expenses and increased operational costs despite improvements in interest income.
Quick Read: Guaranty Trust Holding Company (GTCO) experienced a 12.2% decline in net profit for the first nine months of the year, falling to N614.6 billion. The financial performance was hampered by rising interest expenses and increased operational costs despite improvements in interest income.
Quick Read: Emir Sanusi has formally advocated for the involvement of traditional institutions in the global effort to eradicate hunger. He suggests that these institutions possess the necessary community influence to contribute effectively to food security initiatives.
Quick Read: The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has formally responded to allegations regarding the presence of militia hideouts in Plateau State. The association categorically dismissed these reports as misleading.
Quick Read: An investigative panel has officially attributed the deaths of miners in Niger State to asphyxiation resulting from overcrowding. The report clarifies the circumstances surrounding the tragic incident.
Quick Read: The leadership of the Pan-Atlantic University (PAU) Alumni Association has issued a call for deeper integration between academic institutions and the Nigerian industry. This initiative seeks to ensure that university training is more responsive to the evolving demands of the professional landscape.
Quick Read: The Bayelsa State Government has suspended all land acquisition activities by Nembe Exploration and Production Company Ltd in Brass LGA. This decision follows a violent conflict between the Dieama and Okpoama communities that resulted in one death and multiple injuries.
Quick Read: Content creators in Nigeria are being advised to transition from influencer marketing models to a focus on creative ownership. This strategic shift is intended to foster more sustainable and long-term value for creators within the digital economy.
Quick Read: Afreximbank achieved strong financial performance in the first nine months of 2026, recording a net income of $813.46 million. This 24% year-on-year growth was supported by robust interest income and successful expansion of its lending portfolio across Africa and the Caribbean.
Quick Read: TotalEnergies has successfully divested its 10% non-operated interest in Renaissance joint venture oil licences to Vaaris for $800 million. This move marks the conclusion of a long-standing divestment strategy following the collapse of a prior agreement with Chappal Energies in 2025.
Quick Read: The NCAA is investigating an unnamed airline following reports that a passenger suffered from bleeding due to extreme heat and poor ventilation during a 50-minute delay on the tarmac. The regulator is examining the airline's adherence to safety and passenger-rights protocols.
Quick Read: Nigeria is facing a critical juncture as traditional migration routes ('japa') are being restricted by foreign governments, forcing a potential shift toward talent retention. While domestic macroeconomic indicators like inflation and GDP growth are showing signs of improvement, the country lacks the structural stability to convert these changes into voluntary talent repatriation.
Quick Read: Eni has successfully divested its Nigerian subsidiary, Agip Energy and Natural Resources (Nigeria) Limited (AENR), to Apex Global Energy Limited. This transaction represents a strategic shift for Eni as it offloads non-core onshore assets to focus on deepwater operations and LNG interests in Nigeria.
Quick Read: The Nigerian commercial paper market has experienced significant growth, exceeding N1.9 trillion in value. SEC Director-General Emomotimi Agama views this expansion as a vital mechanism for fostering corporate governance and creating a pipeline for companies to eventually transition into the public equity market.
Quick Read: Dangote Petroleum Refinery has successfully met its IPO fundraising target of $1.6 billion through strong domestic and retail investor commitments. The offering has seen significant global participation, with applications from 119 countries, prompting the company to consider a 30% over-allotment to manage high demand.
Quick Read: The Nigerian Naira has depreciated against the British Pound, settling at N1825/£ due to seasonal demand spikes. Despite this pressure, the CBN is supported by record-high external reserves of $55 billion, which provide a buffer for market intervention.
Quick Read: The naira experienced a slight recovery on October 26, 2026, closing at N1,365/$ against the dollar. This movement follows a period of volatility where the currency weakened from its early October position of N1,332/$.
Quick Read: The NUPRC successfully facilitated the supply of over 127 million barrels of crude oil to domestic refineries during the first nine months of 2026. This achievement follows targeted interventions to resolve commercial disagreements that hindered supply chains earlier in the year.
Quick Read: Transcorp recorded a decline in both revenue and profit for the first nine months of 2026, with pre-tax profit falling to N111.39 billion. The downturn was primarily influenced by weaker performance in its core power and hospitality business segments.
Quick Read: United Capital Plc achieved robust financial growth in the first nine months of 2026, recording a 66.24% increase in pre-tax profit to N41.58 billion. This performance was underpinned by a significant rise in investment income and a reduction in impairment charges, despite a decline in the company's share price on the Nigerian Exchange.
Quick Read: Access Holdings is navigating complex regulatory compliance requirements, specifically regarding capital management and foreign subsidiary investment limits. The group's ability to resolve these issues is critical for unlocking financial flexibility and ensuring sustainable long-term shareholder value.
Quick Read: The National Pension Commission (PenCom) has launched a strategic initiative to encourage Gen Z and informal sector workers to begin early retirement planning. Director-General Omolola Oloworaran emphasized that the commission is evolving its framework to fit modern, flexible career paths rather than forcing young workers into outdated employment models.
Quick Read: Infinity Trust Mortgage Bank Plc achieved a strong financial performance for the nine months ended September 30, 2026, with pre-tax profits rising to N2.76 billion. This growth was underpinned by a 41.51% increase in turnover, despite facing headwinds from rising interest expenses and operating costs.
Quick Read: Ikeja Hotel Plc reported a 15.10% year-on-year increase in pre-tax profit to N8.19 billion for the nine months ended September 30, 2026. While the company achieved revenue growth, its core operating profitability was hampered by rising administrative and sales costs.
Quick Read: The ICPC has withdrawn its legal action against Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) following a settlement regarding a $2.3 billion tax evasion dispute. The Federal High Court, presided over by Justice James Omotosho, struck out the case on March 23, 2026, effectively ending the litigation.
