Author: Ogochukwu Ndubuisi

Zenith Bank’s Gross Earning Jumps 16%, Hits N3.4 Trillion Zenith Bank Plc has released its unaudited financial results for the nine months ended 30 September 2025, with a remarkable 16% year-on-year growth in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s performance continues to demonstrate resilience, strong momentum, disciplined execution and an ability to deliver long-term shareholder value in spite of challenging macroeconomic environment. According to the financial results presented to the Nigerian Exchange (NGX), the growth in gross earnings was driven by a sustained growth in interest income which grew…

NGX Rebounds, Gains N285bn as Earnings Worries Ease The Nigerian Exchange (NGX) rebounded on Friday on signs of easing third quarter earnings worries – equities portfolio value increased by about N285.48 billion. Most of the listed companies have released their earnings, though with mixed performance across sectorial indices.  The Nigerian Exchange All-share index climbed by 0.29% on Friday despite a bucket of unimpressive earnings released by top banks, and the year-to-date return jumped to 49.74%. The positive price appreciation halted four successive sessions of decline, supported by renewed buying interest in recently moderated stocks with good fundamentals. Top choices among…

Access Holdings Profit Falls by 2.2% as Impairment Charge Spikes Access Holdings Plc.’s profit after tax moderated by 2.2% year on year to N447.50 billion, according to its financial statement for the nine-month period in 2025. The financial services group performance was relatively impressive except for growing concerns over asset quality, which triggered a higher impairment charge on expected credit losses. Hence, Access Holdings earnings per share (EPS) dropped 35% year on year to N8.00, impacted by the enlarged share base following the banking subsidiary recapitalisation. Details from Access Group’s unaudited financials showed that net impairment charge surged by 141.5%…

NLC Pushes for 50% Pension Withdrawal Rights The Nigerian Labour Congress (NLC) has called for an increase in the Retirement Savings Account (RSA) withdrawal limit, proposing to raise the threshold from 25 per cent to 50 per cent. NLC President, Comrade Joe Ajaero, made the demand during a roundtable discussion with the management of the National Pension Commission (PenCom) in Abuja on Thursday. The event had the theme, “Consolidating the Gains of the Contributory Pension Scheme through Collaboration with Social Partners.” Ajaero explained that the proposed increase would enable workers to meet critical financial needs such as investments in agriculture,…

Seplat Energy Records N3.4trn Revenue Growth in Nine Months Seplat Energy Plc, a Nigerian independent energy company, has reported a rise in its revenue to N3.356 trillion for the nine months ended Sept. 30, 2025. This is compared with N1.071 trillion recorded in the same period of 2024. The energy company, listed on the Nigerian Exchange Ltd. and the London Stock Exchange, disclosed this in a statement on Thursday. The company’s gross profit increased significantly to N1.356 trillion, compared with N531.5 billion posted in the corresponding period of 2024. Its cash generated from operations grew to N2.152 trillion from N633.8…

Nigerian Exchange Group to Pay Shareholders N1 as Interim Dividend The Nigerian Exchange Group Plc (NGX Group) has declared an interim dividend of N1.00 per ordinary share of 50 kobo each. This is following the approval of its unaudited financial statements for the third quarter ended Sept. 30, 2025. The NGX Group in a statement on Thursday, said that the decision was reached at the meeting of the company’s Board of Directors. The interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, Nov. 7, 2025, while…

Regency Alliance Shareholders’ Fund Rises 19% to N13.97bn in 2024- Chairman Regency Alliance Insurance Plc has reported a 19.24 per cent growth in shareholders’ fund, which rose to N13.97 billion for the 2024 financial year, up from N11.72 billion in 2023. The Chairman of the company, Mr Clem Baiye, disclosed this in a statement on Friday, in Lagos. Baiye said the growth reflected the company’s solid financial position, prudent investment approach, and continued confidence of investors in its operations. He said that the company recorded a profit before tax of N2.50 billion, representing a 19.49 per cent increase over N2.10…

UN General Assembly Condemns U.S. Embargo on Cuba Again The UN General Assembly on Wednesday, for the 33rd consecutive year, adopted a resolution calling for an end to the decades-long United States embargo against Cuba. An overwhelming majority of the UN’s 193 Member States once again urged Washington to lift the measures – despite a noticeable shift in countries choosing to either abstain or side with the U.S. The resolution – titled Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba – was adopted by 165 votes in favour, seven against,…

Stakeholders Seek Reversal of Privatisation in the Electricity Sector Stakeholders comprising trade unions and Civil Society Organisations (CSOs) have called for the urgent reversal of privatisation in the electricity sector and all existing privatisations in the water and waste sectors. The stakeholders also called for the suspension of ongoing or planned discussions with the World Bank and other International Financial Institutions (IFIs) on the privatisation of public assets. Their call is contained in a communiqué issued at the end of the National Public Utilities Summit and made available to newsmen on Thursday in Abuja. The summit, themed `Promoting Transparency and…

We’ve Recovered Over 90 Mining Sites From Illegal Miners – Alake The Minister of Solid Minerals, Mr Dele Alake, says no fewer than 90 mining sites have been recovered from illegal miners across the country. Alake made the disclosure in Akure on Thursday at the ongoing South-West stakeholders’ dialogue organised by Afenifere, the Pan-Yoruba social-cultural group; DAWN Commission, and South-West governors. The theme of the two-day summit is: “Strengthening Democracy Through Dialogue: Assessing Progress. Charting the Future.” He added that over 300 illegal miners had been arrested with 50 of them being prosecuted, stating that over 20 illegal miners had…