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FCT High Court Dismisses FHT Mega Express Suit Against Parallex Bank, Awards Cost of N500,000 Against Company in Favour of the Bank

The Federal Capital Territory High Court has dismissed in its entirety the suit filed by the logistics firm, FHT Mega Express Limited against Parallex Bank Limited...

Trump Evacuated After Shots Fired at White House Correspondents Dinner

President Donald Trump and Vice President JD Vance were evacuated from the White House Correspondents’ Association dinner in Washington Saturday after shots were fired at the hotel where...

Transcorp Group Maintains Strong Profitability in Q1, 2026 Amid Challenging Environment

Transnational Corporation Plc (Transcorp Group) profit growth remained strong in the First Quarter (Q1) 2026 period, supported by operational efficiency and strategic positioning as...

Nigeria Breweries Records Margin Expansion in Q1 Amid Slowing Revenue Growth

While Nigerian Breweries Plc has efficiently converted sales into actual profit, the company was affected by the cost of living crisis that prevented consumers...

Why UBA’s ₦146bn Q1 Profit Shows Earnings Quality as Interest Income Jumps

United Bank for Africa (UBA) Plc has unveiled its Q1 2026 financials, showcasing a lender that has successfully leveraged its massive ₦33.1 trillion asset...

Resilience Amid Disruptions: Transcorp Power Nets ₦29.7bn Profit Despite Grid Vandalism

Transcorp Power Plc (NGX: TRANSPOWER) reported a resilient first quarter for 2026, navigating a "perfect storm" of gas constraints and severe transmission infrastructure vandalism. While...

UBA 2025 Gross Earnings Hit ₦3 Trillion as Pan-African Units Surge

United Bank for Africa (UBA) Plc released its audited FY 2025 results today, revealing a narrative of immense scale tempered by aggressive balance sheet...

Dangote Pledges to Help Build 650,000 bpd Refinery in Tanzania

Aliko Dangote, Africa’s richest man, pledged to help East African nations build a new oil refinery in Tanzania, as the war in Iran exposes...

Stanbic IBTC Q1 Profits Surge 40% to ₦115bn as Trading Revenues Recover

Stanbic IBTC Holdings PLC has kickstarted the 2026 financial year with an aggressive shift in its earnings mix in the first quarter (Q1). While...

NSIA Under Scrutiny: 48% Salary Surge and 91% Write-Down on Kasi Cloud Asset

The Nigeria Sovereign Investment Authority (NSIA) is facing a double-sided crisis of confidence. While top-line profits plummeted by 91.3% in 2025, the Authority's internal...

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