CWG Plc has reported a strong financial performance for 2025, with pre-tax profit rising by 78.4 per cent to N7.8 billion, driven by robust revenue growth across its core business segments. According to its audited results filed on the Nigerian Exchange, the company’s revenue climbed to N65.5 billion, marking a 41.4 per cent year-on-year increase. A breakdown of revenue shows IT infrastructure services led earnings at N23.5 billion, followed by software sales at N21.3 billion, while managed support services contributed N18.7 billion. The strong top-line growth translated into a gross profit of N15.9 billion, up 61.1 per cent from the…
Author: Elvis Eromosele
LAPO Microfinance Bank has launched a N10 billion five-year fixed-rate bond, offering investors yields of up to 20 per cent as it taps the domestic capital market to fund growth and deepen financial inclusion. The issuance, under its N30 billion Debt Issuance Programme, opened on March 23, 2026, and is scheduled to close on April 1, 2026. The bond, issued through LAPO Funding SPV Plc, is a five-year senior unsecured instrument with: Coupon range of 19.00 per cent – 20.00 per cent per annum (to be finalised after book building) Semi-annual interest payments Bullet repayment, with principal repaid at maturity…
A major cross-industry collaboration between Nollywood and Bollywood is set to hit cinemas on May 1, 2026, with the release of On Different Grounds, a $350,000 (N476.6 million) production aimed at global audiences. Produced by Nicolette Ndigwe and directed by Mildred Okwo, the film tells the story of a divorced billionaire couple who reunite for their daughter’s wedding, only to face unexpected complications as she attempts to rekindle their relationship. The film features a diverse cast drawn from Nigeria, India, Ghana, and the United States, including Jennifer Eliogu, Bob-Manuel Udokwu, Nkem Owoh, Uche Jombo, and India’s Nimesh Diliprai, among others.…
Adebayo Adelabu, Nigeria’s Minister of Power, has pledged that electricity supply across the country will improve within the next two weeks as the Federal Government moves to resolve gas shortages affecting power generation. Speaking at a press conference in Abuja, Adelabu acknowledged widespread public frustration over poor electricity supply, attributing the challenge largely to inadequate gas supply to power plants. The minister said targeted interventions are already underway to improve gas availability, expressing confidence that the measures will begin to yield results soon. He issued an apology to Nigerians for the hardship caused, particularly during the dry season, noting that…
Airtel Africa has announced a major leadership transition, with its founder and chairman, Sunil Bharti Mittal, set to step down in July 2026 after years of steering the company’s growth across the continent. The London-listed telecoms group said Mittal will be succeeded by Gopal Vittal, an industry veteran and current chairman of the GSMA board. The transition will take effect at the conclusion of the company’s annual general meeting. Mittal, who also chairs Bharti Enterprises, has led Airtel Africa since its 2019 listing on the London Stock Exchange. Under his leadership, the company expanded its footprint across 14 African countries…
Nigeria is taking a major step to resolve long-standing congestion at its ports, as the Federal Government rolls out a digital solution aimed at cutting delays, lowering costs, and boosting trade efficiency. The initiative, led by the government under President Bola Ahmed Tinubu, saw the official launch of the first phase of the National Single Window (NSW), a centralised digital platform designed to streamline trade documentation and eliminate bureaucratic bottlenecks. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, unveiled the platform, describing it as a critical reform to modernise Nigeria’s trade ecosystem and improve the ease of…
Ahead of the 2027 general elections, the Independent National Electoral Commission (INEC) has urged political parties to adopt a transparent and meticulous process in selecting their candidates, warning that credible elections begin long before polling day. Joash Amupitan, INEC Chairman, made the call during a consultative meeting with party leaders in Abuja, where the commission presented revised regulations and guidelines aligned with the Electoral Act 2026. Amupitan stressed that political parties and INEC share responsibility for safeguarding Nigeria’s democracy, noting that the integrity of elections depends heavily on how candidates emerge. “We cannot navigate a 2027 horizon using a 2022…
The Central Bank of Nigeria has introduced new measures to strengthen oversight of diaspora remittances, directing all international money transfer operators (IMTOs) to channel transactions through designated naira settlement accounts held with authorised dealer banks. The directive, contained in a circular titled “Measures to Further Enhance Compliance in the Remittance Space,” was signed by Musa Nakorji, Director of the Trade and Exchange Department, and addressed to IMTOs, banks, and the general public. The policy takes effect from May 1, 2026, giving operators a short transition window to comply. Under the new rules, all remittance transactions, including beneficiary payments and related…
P+ Measurement Services, Nigeria’s leading independent media intelligence and PR measurement agency, will host the 31st edition of its flagship thought-leadership platform, EvaluatePR, on Friday, March 27, 2026, at 12:00 p.m. (WAT). Themed “PR After the Algorithm: Trust, Truth & Intelligence in 2026,” this virtual session will convene professionals across public relations, communications, and media measurement to explore how algorithms, artificial intelligence, and digital ecosystems are reshaping reputation management, media influence, and audience trust. With the increasing role of automation in communications, the event will challenge professionals to rethink how credibility is built and sustained in a fast-evolving digital landscape, while emphasising the…