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News - Daily Trust

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Transcorp Hotels Plc the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group) has announced its unaudited results for the first quarter ended March 31 2025. Transcorp Hotels recorded an impressive Y-o-Y revenue growth of 52% from N13.8bn in Q1 2024 to N21.0bn in Q1 2025. Transcorp Hotels Plc achieved an…

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PalmPay a fintech platform has unveiled its new PalmPay Debit Card in partnership with Verve Africas largest domestic card scheme. This partnership reflects PalmPay and Verves shared commitment to driving financial inclusion by expanding access and delivering greater value across the digital payments ecosystem. With over 35 million users and…

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The Securities and Exchange Commission (SEC) is advocating for stronger interconnection among African markets to promote economic growth and development. This was emphasized at the 24th African Securities Exchanges Association (ASEA) Annual General Meeting in Lagos Nigeria. SEC believes that increased interconnection among African markets will enhance liquidity reduce transaction costs and attract more investors to the continent. This will also create opportunities for African companies to raise capital and expand their businesses. SEC is working with other market regulators and stakeholders to develop a framework for interconnection and harmonization of regulations across African markets. This will ultimately lead to a more integrated and robust African financial market.

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The Nigeria Deposit Insurance Corporation (NDIC) has issued a warning to depositors to be cautious when dealing with unlicensed financial institutions. The NDIC which is responsible for insuring bank deposits and promoting financial stability stated that these unlicensed institutions are not under its supervision and therefore pose a risk to depositors funds. The warning comes as a result of an increase in the number of unlicensed institutions operating in the country taking advantage of unsuspecting depositors. The NDIC has urged depositors to only deal with licensed financial institutions to ensure the safety of their funds and avoid potential financial losses.

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The Federal Government of Nigeria has called on the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to ensure fiscal transparency and prudence in the delivery of its mandate. This was emphasized during a meeting between the Minister of Finance Budget and National Planning Zainab Ahmed and the Chairman of RMAFC Elias Mbam. The RMAFC is responsible for managing and monitoring the revenue allocation and fiscal responsibilities of the federal state and local governments in Nigeria. The government stressed the importance of adhering to fiscal responsibility and transparency in order to effectively manage the countrys resources and ensure equitable distribution of revenue among all levels of government.

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FSDH Group a Nigerian financial services company has announced plans to expand its subsidiaries to the global market. The company currently operates in Nigeria and has subsidiaries in Ghana and the United Kingdom. This expansion is part of FSDHs strategy to increase its presence in the global market and tap into new business opportunities. The company aims to leverage its expertise in investment banking asset management and securities trading to provide financial solutions to clients worldwide. FSDHs expansion will not only benefit the company but also contribute to the growth of the Nigerian economy by showcasing its capabilities on a global scale.

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In a recent political development the running mate of a candidate in a Nigerian state election has reportedly "run away" from the campaign. This has caused concern and confusion among the party and its supporters. The candidates team has denied any knowledge of the running mates whereabouts and has assured the public that the campaign will continue as planned. However this unexpected turn of events has raised questions about the stability and unity within the party. It remains to be seen how this will affect the election and the overall political landscape in the state.

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The article discusses the current state of youth in the Arewa region of Nigeria questioning whether they are a lost generation or the architects of rebirth. It highlights the challenges faced by young people in the region including unemployment poverty and lack of access to education and opportunities. The author argues that while the youth face many obstacles they also possess the potential to drive positive change and rebuild their communities. The article calls for a collective effort from government civil society and the youth themselves to address these issues and harness the potential of Arewas youth for a brighter future.

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This article discusses the issue of misinformation and its impact on society using the example of former Borno State Governor Kashim Shettima. The author argues that Shettima has been a victim of false information and propaganda which has affected his reputation and hindered his efforts to bring development to the state. The article highlights the dangers of spreading misinformation and calls for responsible journalism and fact-checking. It also emphasizes the role of the public in verifying information and not blindly believing everything they see or hear. In conclusion the article emphasizes the need for accurate and truthful information in order to build a better society.

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Gospel singer Osinachis husband Pastor Nnamdi Eke has been sentenced to death by hanging for the murder of his wifes personal assistant Gloria Onyedikachi Nwabueze. The incident occurred in 2016 when Nwabueze went missing and her body was later found in a shallow grave in the pastors compound. Eke was arrested and charged with her murder along with his accomplices Uchechukwu Chukwuma and Ikechukwu Nwabueze. The court found them guilty and sentenced them to death by hanging. The news of Ekes sentence has shocked the gospel music community and fans of Osinachi who is known for her hit song "Way Maker". The case has brought attention to the issue of domestic violence in Nigeria.

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The chairman of the Peoples Democratic Party (PDP) in Bayelsa state Solomon Aguanana has declared their support for Bola Tinubu a prominent leader of the All Progressives Congress (APC) in the 2027 presidential election. Aguanana stated that if the current governor of Bayelsa state Douye Diri does not align with Tinubu they will not support him in the upcoming election. This statement has caused controversy within the PDP as some members believe that the party should focus on supporting their own candidate rather than an opposition leader. However Aguananas declaration highlights the growing influence and popularity of Tinubu in Nigerian politics.

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The Federal Government of Nigeria has directed the West African Examinations Council (WAEC) and the National Examinations Council (NECO) to fully adopt computer-based testing (CBT) by 2026. This move is aimed at modernizing the education system and reducing the prevalence of exam malpractice. The government also commended the Joint Admissions and Matriculation Board (JAMB) for its coordination of the Unified Tertiary Matriculation Examination (UTME) and its success in reducing exam malpractice. The adoption of CBT is expected to improve the quality and credibility of exams as well as prepare students for the digital age. The government is committed to ensuring a fair and transparent education system for all students.

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The shareholders of Guaranty Trust Bank (GTBank) have approved a dividend payout of N8.03 per share for the financial year ended December 31 2020. This decision was made at the banks 31st Annual General Meeting (AGM) held virtually due to the COVID-19 pandemic. The dividend payout represents a 30% increase from the previous year and is a testament to the banks strong financial performance and commitment to delivering value to its shareholders. The AGM also saw the re-election of the banks directors and the approval of its financial statements. This move is expected to boost investor confidence and solidify GTBanks position as a leading financial institution in Nigeria.

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OPay a Nigerian-based mobile money and financial services platform has won the Most Innovative Fintech Award at the 2021 Beacon of ICT (BoICT) Awards. The award recognizes OPays commitment to providing innovative and accessible financial services to its customers. OPay offers a range of services including mobile money bill payments and ride-hailing through its app making it easier for users to access financial services on their mobile devices. This award highlights OPays success in the fintech industry and its impact on the lives of Nigerians by providing convenient and innovative solutions for their financial needs.

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The Nigerian government has announced plans to exempt Value Added Tax (VAT) and stamp duties from property rent. This decision was made in an effort to reduce the financial burden on tenants and encourage more people to rent properties. The Minister of State for Budget and National Planning Clem Agba stated that this exemption will also help to boost the countrys economy by increasing the demand for rental properties. The exemption will apply to both residential and commercial properties and is expected to provide relief to tenants who have been struggling with high rent costs. This move is seen as a positive step towards improving the living standards of Nigerians.

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Inlaks a leading ICT infrastructure and systems integrator has successfully completed the upgrade of Zenith Pension Custodian Limiteds (ZPC) System to Temenos Release 24 (R24) marking a significant milestone in the companys digital transformation journey. This upgrade will enhance service delivery streamline operations ensure the production of accurate and reliable…

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The Nigerian Customs Service has intercepted contraband goods worth over N1 billion in the South-East region of the country. The seized items include foreign rice vehicles and pharmaceutical products that were smuggled into the country without proper documentation. The Customs Comptroller for the region Joseph Attah stated that the interception was made possible through increased surveillance and intelligence gathering. He also emphasized the negative impact of smuggling on the economy and urged citizens to support the governments efforts in curbing the illicit trade. This successful operation highlights the commitment of the Nigerian Customs Service in protecting the countrys borders and preventing illegal activities.

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The Kwara Redemption Movement (KRM) a group of aggrieved leaders of the All Progressives Congress (APC) who were instrumental to the 2019 Otoge political revolution in the state on Thursday launched a membership drive targeting 300000 people. The movement which emerged last year in protest against what it described as…

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In this article the author discusses the need for tangible security gains in response to presidential directives. They argue that while directives may provide a temporary sense of security they often lack long-term solutions and fail to address underlying issues. The author emphasizes the importance of implementing practical and sustainable security measures such as addressing poverty and unemployment improving intelligence gathering and investing in technology and infrastructure. They also call for accountability and transparency in the use of security funds. The article concludes by stating that enough is enough and it is time for concrete actions to turn presidential directives into real security gains for the people.

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The National Security Adviser (NSA) has expressed concern over the current state of insecurity in Nigeria stating that the situation is "really bad." He highlighted the increase in kidnapping banditry and insurgency as major challenges facing the country. The NSA also mentioned the need for collaboration between security agencies and the public to effectively tackle these issues. He urged citizens to provide relevant information to security agencies to aid in their efforts. The rise in insecurity has been a major concern for the Nigerian government and its citizens with many calling for urgent action to address the situation.

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Super Eagles and Fenerbahçe of Turkey defender Bright Osayi-Samuel has agreed to sponsor the 2nd edition of Bright Osayi U‑13 Football Tournament in the state. Addressing Journalists in Benin yesterday Osayi noted that the youth championship is aimed at transforming raw talents into professional football players. Osayi who spoke through his uncle Michael Osaron…

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The Oyo State Commissioner for Youth and Sports Seun Fakorede has commissioned a N60 million boxing ring donated by Yucateco a Mexican company. The event took place at the Lekan Salami Stadium in Ibadan with top officials from the state government and boxing associations in attendance. The new boxing ring is expected to improve the training and competition experience for boxers in the state as well as attract more tournaments and investments in the sport. Fakorede expressed his gratitude to Yucateco for their support and commitment to promoting boxing in Oyo State. The event is a positive step towards developing the sport and providing opportunities for young boxers in the state.

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The U-20 Africa Cup of Nations has kicked off in Egypt with the Nigerian Flying Eagles team looking to make history. This year marks the 14th edition of the tournament which is seen as a stepping stone for young African players to showcase their talents and potentially secure professional contracts. The Flying Eagles have a strong track record in the competition having won the title seven times and finishing as runners-up twice. With a talented squad and a history of success the team is poised to make a strong showing in this years tournament and potentially add another trophy to their collection.

Sports Imperious Liverpool smash Tottenham to win 20th Premier League title

Liverpool demolished Tottenham 5-1 to clinch the Premier League title at an impassioned Anfield on Sunday sealing a record-equalling 20th English top-flight crown. Arne Slots men stormed back after conceding a surprise early goal to dominate the first half as the decibel level soared among 60 000-plus crowd. Liverpool who…

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The Nigerian Professional Football League (NPFL) is undergoing a transformation that is gradually improving the state of football in the country. The league has been plagued with issues such as poor infrastructure lack of funding and corruption for many years. However recent efforts by the leagues governing body and the government have led to positive changes. These include the introduction of a new broadcasting deal increased sponsorship and better management of the league. The NPFL is also becoming more competitive with more teams vying for the top spot. These developments are a step in the right direction and are bringing hope for a brighter future for Nigerian football.

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The Federal Ministry of Works has revealed that the long-standing dispute stalling the construction of over 38 kilometer Kano Northern bypass that will connect parts of Kano and Katsina states has been resolved. This follows the signing of a Memorandum of Understanding (MoU) by the parties aggrieved over the project.…

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A severe rainstorm caused extensive damage to the National Youth Service Corps (NYSC) camp in Kwara state destroying cars and buildings. The storm which lasted for several hours also caused power outages and disrupted activities at the camp. The Director of the NYSC in Kwara Mrs. Esther Ikupolati confirmed that no injuries were reported but expressed concern over the destruction of property. The state government has promised to assist in the repair and restoration of the damaged facilities. The incident serves as a reminder of the destructive power of natural disasters and the need for proper disaster preparedness and response measures.

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Governor Hyacinth Alia of Benue State has appointed Nigerian music legend Innocent Idibia better known as Tuface as his Technical Adviser on Entertainment and Community Outreach. In a viral video on Wednesday the governor appreciated TuFace for all the support towards his administration adding that the singer has the capacity…

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In a recent social media post Nigerian music icon Tuface Idibia shared photos of himself and his new lover Natasha spending time with his mother. The couple looked happy and relaxed as they posed for pictures with Tufaces mother who seemed to approve of their relationship. The photos sparked a lot of reactions from fans with many expressing their support for Tufaces new love interest. This comes after the singers highly publicized divorce from his ex-wife Annie Idibia. The pictures show that Tuface is moving on and finding happiness in his new relationship and his mothers approval is a positive sign for the couples future.

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Officials of the National Drug Law Enforcement Agency (NDLEA) have recovered 589 bags of Canadian Loud a strong strain of cannabis with a total weight of 417.3kgs worth N1042bn in street value. The operation was recorded after the NDLEA operatives raided an 80-room new hotel on Victoria Island Lagos used…