- Perspectives
Kwankwasiya movement: Auspicious time for Kwankwaso to face reality, by Kola Amzat
Like late Mallam Aminu Kano who reigned in the Kano political space until his demise, Senator Rabiu Kwankwaso has equally been a dominant political figure in the ancient city for more than three decades. But, unlike late Aminu Kano who embodied modesty, service in its raw form, with Kano talakawas at the centerpiece of his leadership, Rabiu Kwankwaso is a…
Read More » - Business
Wema Bank grows profit by 116% to N222bn in 2025
Wema Bank Plc has released its unaudited financial statements for the year ended December 31, 2025, reporting a pre-tax profit of N222.07 billion, reflecting a 116.3per cent increase compared to N102.52 billion in 2024. Profit after tax surged to N193.19 billion, up 123.54per cent from the previous year’s N86.28 billion This can be attributed to the 51per cent growth in…
Read More » - Economy
First Holdco declares worst performance in 2025, as profit drops by 71% to N228.37bn
First HoldCo Plc declared one its worst performance in recent years when it unaudited financial results for the year ended 31 December 2025, with profit before tax dropping by 71 per cent to N228.37billion as against N795.93billion declared in unaudited financial results for the year ended 31 December 2024. Profit after tax also dropped significantly by 92.05 per cent to…
Read More » - Economy
Femi Otedola holdings in First HoldCo rises to18.12%
Group chairman of First HoldCo Plc, Mr. Femi Otedola has increased his stake in the financial holding company to 18.12 per cent. In First HoldCo’s unaudited consolidated and separate financial statements for the year ended December 31, 2025, released on Friday, Otedola’s combined direct and indirect shareholding stood at 8.02 billion shares. The financial statements were signed by Adebowale Oyedeji,…
Read More » - Business
BREAKING: LIRS extends deadline for filing of annual returns to February 7
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of employers’ annual tax returns by one week, from February 1 to February 7, 2026. In a statement issued on Friday, the Executive Chairman of LIRS, Dr. Ayodele Subair, explained that the statutory deadline for filing of employers’ annual tax returns is January 31, every year. He…
Read More » - Economy
Moniepoint MfB processes N412trn transactions in 2025
With the increasing number of customers and numerous channels to transact, Moniepoint Microfinance Bank has revealed that it processed transactions worth N412 trillion in 2025. This was disclosed by Moniepoint Inc., the bank’s parent company, in its 2025 Year in Review report. The company said loan disbursements were targeted largely at small and medium-sized enterprises, including provision stores, supermarkets, and…
Read More » - Crime & City Diary
Appeal court upholds death sentence on five Offa bank robbery convicts
By Mosunmola Ayobami, Ilorin The Court of Appeal sitting in Ilorin, Kwara State, on Friday upheld the death sentences imposed on five men convicted over the 2018 Offa bank robbery, dismissing their appeals as lacking merit. The Director of Public Prosecution (DPP) in the state, Mohammed Akande, who witnessed the proceedings said that the three Appeal Court judges unanimously agreed…
Read More » - Homeland News
Kwara House of assembly approves N656.5bn 2026 budget
By Mosunmola Ayobami, Ilorin The Kwara State House of Assembly has approved a total 2026 budget size of N656.5 billion, representing an increase of N10.5billion over the initial estimate presented by Governor AbdulRahman AbdulRazaq. The Speaker of the House, Engineer Yakubu Danladi Salihu, disclosed this at the plenary on Friday, following the consideration of the report of the House Committee…
Read More » - Business
Equities market gains N232bn to revise downward mometum
The equities market section of the Nigerian Exchange Limited (NGX) on Thursday appreciated by N232 billion to revise the negative direction, closing higher than the prior day, amid renewed buying interest across the spectrum. The All Share Index (ASI) gained by 362.93 points, representing a growth of 0.22 per cent to close at 165,527.31 points. Also, market capitalisation appreciated by…
Read More » - Economy
Nigeria, MTN discuss telecoms’ role in $1trn economy
The government of Nigeria is collaborating with MTN Group to champion the telecommunication’s sector role in President Bola Tinubu’s $1trillion economy. The Minister of Communication, Innovation and Technology, Dr. Bosun Tijani, in a meeting with Ralph Mupita, President/CEO of MTN Group, Karl Toriola, CEO of MTN Nigeria, and other MTN executives to discuss the strategic development of Nigeria’s telecoms sector.…
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