Business

FirstHoldCo Plc says its gross profits increased 6.9% to 3.4 trillion naira for the year ended December 31, 2025. The figure, when compared to $3.2 trillion in 2024, was driven by strong core banking operations and a diversified revenue base. The group, in a statement on Friday, made this known as contained in its audited financial results for the year …

Post views: 35 By Silvernews The Sports Writers Association of Nigeria (SWAN), Imo State Chapter, will hold a capacity building workshop aimed at strengthening the ethical and professional use of Artificial Intelligence in the practice of sports journalism.The training, themed “Ethics and Professionalism in the Era of Generative Artificial Intelligence”, will take place on Tuesday, May 12, 2026 at …

The Sultan of Sokoto and President General of the Nigerian Supreme Council for Islamic Affairs, Alhaji Muhammad Sa’ad Abubakar, has said that individuals who kill innocent people in the name of Islam, including suicide bombers shouting “Allahu Akbar”, are destined for hell. The monarch made this assertion on Wednesday in Abuja at the first 2026 triennial meeting of the Nigerian …

The lawmaker representing Edo North Senatorial District in the National Assembly, Adams Oshiomhole, has intensified his criticism of the Senate leadership over the recent amendments to the Standing Rules, describing the changes as self-serving and questioning the eligibility of the Senate President, Godswill Akpabio, under the new framework. A tense exchange took place between Akpabio and Oshiomhole on Tuesday over …

### Article rewritten: **CBN Foreign Subsidiaries Settlement Causes $1.92 Trillion Loss on NGX** By Taiye Olayemi Lagos, May 7, 2026 (NAN) – The Nigerian Stock Exchange (NGX) ended Thursday’s session in the red, with investors losing a total of 1.92 trillion naira amid sell-offs in banking and cement stocks. This decline came in reaction to the Central Bank of Nigeria’s …

Post views: 24 By Silvernews The “TECH Our Girls Initiative” (TOGI), a joint empowerment program of the Rangers International Football Club Foundation, the United States Government Exchange Alumni Association Nigeria Enugu State Chapter, TechWomenNigeria and the Campus Technology Life Initiative, is set to initiate a transformative training program aimed at equipping girls with practical digital and life skills for …

The prolonged leadership crisis that has rocked the Okewaye Ruling House of Ado-Odo, Ogun State, has been resolved following a consensus judgment of the Ogun State High Court sitting in Idi-Oke. PLATFORM TIMES reports that the court has adopted the terms of the settlement in case no. HCI/19/2024, establishing Prince (Chief) Sulaimon Babatunde Adedimeji as the substantive Olori-Ebi (Head) of …

FirstBank, West Africa’s leading financial institution and financial inclusion services provider, has been recognized as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategic consultancy firm. The Bank has achieved an AAA+ rating, the highest possible recognition, underlining the unrivaled brand strength and leadership in the financial sector. …

By Victor Osula, Abuja The Federal High Court in Abuja has convicted former Energy Minister, Mamman Saleh, on 12 counts of fraud and money laundering brought against him by the Economic and Financial Crimes Commission (EFCC), in a case bordering on the alleged diversion of funds meant for the Mambilla and Zungeru hydropower projects. Justice James Omotosho, delivering the ruling …

The Federal High Court in Abuja, on Thursday, convicted former Energy Minister, Saleh Mamman, on charges bordering on the crime of money laundering. Although Mamman was conspicuously absent in court, Justice James Omotosho, in his ruling, found that the EFCC had been able to establish the 12-count amended charge against the accused beyond all reasonable reasonableness. “The prosecution established that, …