Allcitynews.blog.com

  By allcitynews.ng   FIRSTHoldCo Plc has reported a strong rebound in profitability for the first quarter of 2026, posting a 72.2 per cent increase in profit before tax to N321.1 billion, amid sustained revenue growth and improved earnings quality. The Group, in its unaudited financial results for the quarter ended March 31, 2026, announced that gross earnings rose by 26.8 per cent year-on-year to N942 billion from N742.7 billion recorded in the corresponding period of 2025. The profit after tax also increased significantly by 56.5 per cent to N267.8 billion, compared to N171.1 billion in Q1 2025, underscoring what the company described as the resilience of its banking franchise and disciplined execution of its growth strategy. Interest income grew by 12.7 per cent to N704.5 billion, while net interest income rose by 20.1 per cent to N438.8 billion. The Group also recorded a sharp rise in non-interest income, which surged by 110.7 per cent to N219.2 billion, driven b...

  At the inauguration of the ABC Group Historic & Archive Centre in Owerri which coincided with the birthday of the founder, Mr. Frank Nneji, OON (extreme right). Others are (from left):Rev Fr Emma Ehioma; Hon Princewill Ugochukwu Amuchie, member representing Aboh Mbaise in the Imo state house of Assembly; and the Group MD (of ABC Group), Mr. Jude Nneji. By Daphne Uduneje In a remarkable celebration oflegacy, innovation, and corporate heritage, ABC Transport Plc, officially unveiled its Historic and Archive Centre recently at the company’s Corporate Head Office in Owerri, Imo State. The launch, which coincided with the birthday celebration of the company’s Founder, Mr. Frank Nneji(OON), marked another historic mile stone in the 33-year journey of one of Nigeria’s most innovative and diversified transport and logistics companies. Founded on February 13,1993, ABC Transport Plc has grown from a visionary transportation company into a nationally recognised brand known for pioneerin...

WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND  THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE News Update, Monday,11/05/2026 ‎ ‎**FG, UNDP move to harmonise regional development initiatives ‎ ‎**‘Probe ₦26.9bn USPF scandal threatening digital access, rights,’ SERAP Tells Tinubu ‎ ‎**APC primary: Tinubu’s reform is yielding results, says Ize-Iyamu ‎ ‎**Lagos APC Endorses Tinubu, Hamzat as 50,000 Party Members Rally Behind 2027 Ambitions ‎ ‎**Tinubu hails Fasoranti at 100, lauds his service to Nigeria ‎ ‎**Atiku’s Morocco trip for wedding, not politics — Aide ‎ ‎**Olawepo-Hashim slams INEC election timetable, warns of rising tension ‎ ‎**Ex-AGF Malami gets Kebbi ADC governorship nomination form ‎ ‎**Police ban tinted commercial buses, unregistered vehicles in Rivers ‎ ‎**Ensure probe into Dadiyata disappearance is credible, Amnesty tells IG ‎ ‎**Oborevwori promised neutralit...

  By allcitynews.ng  Lagos Assembly moves to end multiple taxation, proposes N5m fine for illegal levy collection The Lagos State House of Assembly has commenced deliberations on a clarification on tax reform bill, meant to harmonise taxes and levies across the state. This latest development is designed to curb multiple taxation, eliminate illegal collections, and improve the ease of doing business. The proposed legislation, titled the Lagos State Harmonised Taxes and Levies (Approved List for Collection) Bill 2025, was the subject of a high-level public hearing attended by lawmakers, business groups, transport operators and other stakeholders. The bill seeks to consolidate more than 60 existing taxes and levies into nine major tax categories, aligning the state’s fiscal framework with the federal government’s ongoing economic reforms and the Renewed Hope Agenda. Under the proposed law, individuals or groups found collecting unauthorised levies, mounting illegal roadbl...

  By allcitynews.ng  The  Director General of apex pension monitoring body, National Pension Commission (PenCom) has expressed worry over the unwillingness of states to come under the umbrella of Contributory  Pension Scheme (CPS). Worried that only seven states are under  the umbrella of the scheme despite all efforts to pull all states into the fold, the DG, Omolola Oloworaran, described the low participation as worrisome. The DG lamented that despite the efforts put in place to simplify  the scheme to enable all workers join, only seven states out of 36 states have joined. PenCom made the disclosure during the maiden edition of its bi-annual consultative session for Heads of Service of states yet to fully adopt or implement the scheme. According to the commission, the meeting was convened to deepen pension reforms at the sub-national level and address challenges hindering full compliance with the CPS framework. Under the CPS, both employers and e...

  WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND  THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE News Update, Friday, 08/05/2026 ‎ ‎**Lagos hosts prayer rally for Tinubu’s re-election ‎ ‎**APC Waives Screening for President Tinubu Ahead of Presidential Primary ‎ ‎**2027: Shettima backs Wadada as Nasarawa’s next governor ‎ ‎**Senate confirms Tegbe as Minister of Power ‎ ‎ **NSCDC arrests 210 for vandalism and fraud in Ogun ‎ ‎**Insecurity threatens 2027 general elections – INEC ‎ ‎**Lagos First Lady Leads Top Government Officials to Staff Wake-Keep  ‎ ‎**Meningitis outbreak kills 33 children in Sokoto ‎ ‎**Adeleke's popularity mystery to opposition - Senatorial aspirant ‎ ‎**Keyamo mocks ADC over Obi's exit, says party treated him like 'side-chick' ‎ ‎**Northern youths condemn sealing of ACF headquarters ‎ ‎**Former Minister of Aviation Femi Fani-Kayode has been ...