FirstHoldCo Plc Q1 Profit Surges 72.2%, Leads ROE
FirstHoldCo Plc posts 72.2% profit jump in Q1 2026, with PBT hitting N321.12 billion and ROE soaring to 31.6%, driven by balance sheet reset and loan growth.
Category : Business
Lekki-Epe Airport: Viable Alternative to MMA in Lagos
The resolution of the MMA2 dispute paves the way for the Lekki-Epe International Airport, which experts say will decongest Lagos aviation and boost the economy.
Global Oil Spike Drives Nigeria's Food Inflation
A new SBM Intelligence report shows the cost of preparing jollof rice for a family of five in Nigeria rose to N30,435 in Q1 2026, a 19.4% increase, driven by global oil price spikes and fuel costs.
NiMet Warns 19 States of Flash Flooding, Partners NEMA
NiMet warns 19 states of flash flooding due to heavy rains and hardened soil. The agency partners NEMA on a national early warning system roadmap to reduce risks.
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Nigeria Phasing Out 3G as China Mobile Joins IXPN
Nigeria accelerates 4G/5G migration as 3G usage drops sharply. China Mobile joins IXPN to boost local internet traffic and reduce costs.
FCMB Opens Zero-Interest Loan Applications for Women
FCMB launches new round of SheVentures zero-interest loans up to N10 million for women entrepreneurs to boost business growth and access working capital.
NUPENG Demands Transparency in Warri, PH Refinery Revamp
NUPENG calls for transparency, accountability, and timely execution in the Federal Government's deal with Chinese firms to revive Warri and Port Harcourt refineries.
Stakeholders Call for Agriculture Reforms at Summit
At the Agriwealth Revolution Summit in Lagos, stakeholders argued that agriculture reforms are needed to address low returns, post-harvest losses, and value chain inefficiencies.
NEPZA, NAFDAC Tighten Export Regulations in Free Trade Zones
NEPZA and NAFDAC agree to enhance joint oversight of pharmaceuticals and consumables in Free Trade Zones to combat fake drugs and ensure product quality.
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LBIC Plans Capital Raise to Address Housing Deficit
LBIC aims to raise about N5 billion to strengthen its capital base and expand affordable housing access in Lagos. The firm reported a 43% profit increase to N1.65 billion in 2025.
FirstHoldCo Q1 Profit Surges 72% After 2025 Decline
FirstHoldCo Plc rebounds in Q1 2026 with 72.2% profit rise to N321.1 billion, recovering from 2025's 70.5% slump due to heavy loan impairment charges in oil and gas sector.
Urban Telecom Congestion Looms as Digital Divide Narrows
Ookla reports show rural connectivity improves but urban centers like Ikeja and Gwarimpa face severe capacity constraints, risking service quality.
Four African Economies Lead Industrialisation: Report
A new report by the Business Council for Africa reveals that only Morocco, Egypt, South Africa, and Mauritius are structurally ready for sustained industrial growth.
Epe Farmers Seek Sanwo-Olu's Help Over Military Land Seizure
Commercial farmers in Epe, Lagos, appeal to Governor Sanwo-Olu to intervene in the alleged military seizure of their farmlands, citing N3 billion losses and ruined livelihoods.
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Middle East crisis strains Nigeria transport Q1 2026
Nigeria's transport sector faced severe strain in Q1 2026 due to Middle East crisis, with fuel costs rising over 50% and experts calling for structural reforms.
Ogun Hajj Pilgrims Stranded as Flynas Rejects Iperu Airport
Hundreds of Ogun State pilgrims were stranded at Gateway International Airport after Flynas refused to operate there. They were moved to Lagos for airlift to Saudi Arabia.
NADDC, RMRDC Boost Local Content in Auto Sector
NADDC and RMRDC meet to enhance collaboration on local content development in Nigeria's automotive industry, focusing on local raw materials and R&D.
French Embassy, Nile Varsity Launch Recycling Plant
The French Embassy and Nile University Abuja have launched a plastic recycling micro-plant to tackle pollution and promote waste-to-wealth in Nigeria, which generates over 32 million tonnes of solid waste yearly.
Nigeria's Inflation Crisis Deepens as Food Prices Soar
Nigeria faces a deepening inflation crisis with soaring food prices, impacting millions. Experts call for urgent government intervention.
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LASERC reforms target 11,000MW Lagos power deficit
LASERC unveils reforms to address 11,000MW power deficit in Lagos, targeting cost-reflective tariffs, full smart metering, and licensing 14 new operators to boost electricity supply.
NATOP Promotes Green Tourism in Abuja Tour
NATOP hosts Abuja Green City Tour to promote eco-friendly tourism and sustainable transport, showcasing green destinations in Nigeria's capital.
Weak Policies, Enforcement Discourage Livestock Investors
Weak policies and compliance gaps hinder investment in Nigeria's livestock industry, undermining food safety and economic growth, stakeholders say.
Publisher Calls for Reforms in Nigeria's Auto Sector
Motoring World publisher Femi Owoeye calls for reforms to address poor data transparency and limited media access in Nigeria's automotive sector ahead of its 30th anniversary.
LBIC Gross Earnings Up 41%, Boosts Mortgage Financing
LBIC reports 41% gross earnings growth to N3.56bn, 43% PBT increase to N1.65bn, and plans capital raise of N5bn to expand mortgage financing.
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Initiative Targets SME Cash Flow Issues in Nigeria
Money Talks, a financial literacy program by MSME Credit Direct, aims to help Nigerian SMEs improve cash flow management and reduce failure rates.
Emirates Restores 96% of Global Network
Emirates Airlines has restored 96% of its global network as the Middle East crisis eases, operating 137 destinations across 72 countries with over 1,300 weekly flights.
FAAN Reaffirms Commitment to Nigerian Army Air Logistics
FAAN MD Olubunmi Kuku assures Nigerian Army of support for air transport operations, including welfare flights and potential restart of Army Air Freight Company.
Nigeria Pension Assets Reach N29.5 Trillion
Nigeria's pension assets rose to N29.52 trillion in March 2026, driven by increased investment in government securities and domestic equities, highlighting the growing role of pension funds in the economy.
Lady Shares Solar Panel Cost for AC and Fridge
A lady revealed the amount she was asked to pay for a solar system that can power one AC and a fridge, sparking reactions from Nigerians online.
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Lagos Lady's N250,000 Rent Unchanged Since 2020
A Nigerian lady on X reveals her family pays N250,000 for a 3-bedroom apartment in Lagos since 2020, with no rent increase. Similar houses cost N1.2 million.
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