Allcitynews.blog.com

  Posted by allcitynews.ng  First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities.   As stated in the unaudited Group financial statement, FirstHoldCo recorded a 4.8% year-on-year (y-o-y) increase in its Gross earnings to N3.4 trillion, supported by a 36.3% y-o-y growth in net interest income of N1.9 trillion on the back of enhanced earnings yield and margins of 17.11% and 11.0%, respectively. Similarly, net fees and commissions improved by 18.7% y-o-y to N290.7 billion. These are clear indications of the strength of the revenue generating capacity of the core business which continues to be solid. Earnings for the year were, however, lower than the prior year, primarily due to higher impairment c...

  Posted by  allcitynews.ng  The former Acting Chairman of the Federal Character Commission (FCC), Hon. Kayode Oladele, on Tuesday, January 27, 2026, formally handed over the affairs of the Commission to the newly appointed Executive Chairman, Hon. Ayo Hulayat Omidiran, at the Commission’s headquarters in Abuja. The handover ceremony,  according to the statement signed by Office of Executive Chairman,  Federal Character Commission, came a few days after Hon. Omidiran was sworn in by President Bola Ahmed Tinubu last Thursday. Hon. Oladele had served as Acting Chairman since July 2, 2025, following the exit of the immediate past substantive Executive Chairman, Muheeba Farida Dankaka. In her acceptance remarks, Hon. Omidiran expressed appreciation for the opportunity to serve and commended Hon. Oladele for his leadership during his nearly seven-month tenure. “I accept this responsibility with a profound sense of honour and commitment. I sincerely ...

  Posted by allcitynews.ng  The 2026 edition, themed  “Inclusivity,”  underscores Ecobank and Soto Gallery’s shared commitment to  creative entrepreneurship, equitable access, and the deliberate expansion of opportunity within Nigeria’s contemporary art ecosystem .   The  +234 Art Fair  has quickly established itself as one of Lagos’ most important contemporary art platforms, with a distinct focus on  emerging and often ungalleried Nigerian artists . In just a few years, the fair has become a critical gateway—connecting local talent to collectors, patrons, cultural institutions, and global audiences, while strengthening Nigeria’s creative economy.   Speaking on the 2026 edition,  Tola Akerele , Founder of Soto Gallery and Curator of the +234 Art Fair, said the theme  “Inclusivity”  reflects a clear intent to widen representation and reposition visibility within the art space.   “Inclusivity is about o...

    By allcitynews.ng  Ahead of the International Social Security Services Association at West Africa Technical Seminar 2026, scheduled for April 25 in Abuja, the Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Olúwaṣeun Falaye, has inaugurated the local organising committee. The  event which is meant to bring together social security services experts from the region and beyond, will be an avenue to discuss on issues concerning the International Social Security Services Association, (ISSSA) West Africa Technical Seminar 2026 will be attended by  social security services experts from the region and beyond will take place at the Board Room of the Fund in Abuja on Wednesday. Barrister Faleye said, the "inauguration marks an important step in our collective preparations for a seminar of strategic significance, not only to the Nigeria Social Insurance Trust Fund, but to the broader agenda of strengthening social security systems across...

  Posted by allcitynews.ng  Dangote Cement Plc’s Ibese Plant in Ogun State has launched a Safety FairPlay Initiative to drive behavioural change and cultural shift towards safety conducts among its employees. The roll-out scheduled to be replicated at all the plants of Dangote Cement Plc marked a significant milestone in strengthening the Company’s safety culture. The pilot launch of the Group-wide FairPlay programme recorded impressive participation from both the management and employees, thus underscoring a shared commitment to safer work practices.   The Safety FairPlay Initiative is designed to drive lasting behavioural and cultural change through an equitable and transparent framework that promotes safe conduct. Built on three core pillars—Recognition, Correction (Coaching) and Discipline—the initiative rewards positive safety behaviour, ensures consistency in addressing at-risk actions, and encourages open reporting of incidents, near-misses and errors.   Speak...

  .     Posted by allcitynews.ng   Dangote Petroleum Refinery has reassured everyone of its readiness to supply 75 million litres of Premium Motor Spirit (PMS) daily against an estimated national consumption of 50 million litres, alongside 25 million litres of Automotive Gas Oil (AGO) compared with an estimated daily demand of 14 million litres. It also has the capacity to supply 20 million litres of aviation fuel daily, far above the estimated maximum domestic consumption of four million litres. It reiterated the readiness to supply fuel volumes significantly more than Nigeria’s estimated domestic consumption. According to the refinery, the availability of volumes above prevailing demand provides critical supply buffers, enhances market stability and reduces reliance on imports, particularly during periods of peak demand or logistical disruption.   "The management of Dangote Petroleum Refinery would like to reiterate our capability to supply the un...

  Aliko Dangote, President/CE, Dangote Group (3rd left); Mr. Yang Dongsheng, Chairman of Xuzhou Construction Machinery Group (2 nd  right); Mr Hanson Liu, the Vice President of XCMG (right) Dr Hassan Mahmud, Group Chief Economist, Dangote Group (2 nd  left) and Mathur Raghav - Director in charge of Project, Dangote Group (left).     Posted by allcitynews.ng The Pan-Africa Conglomerate, Dangote Industries Limited has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd, one of China’s leading construction and mining equipment manufacturers, in a move aimed at strengthening infrastructure delivery, industrial capacity and green project development across Africa.   Under the agreement, the two companies will collaborate across multiple sectors including mining, petrochemicals, building materials, agriculture and infrastructure construction, leveraging their respective strengths to pursue joint growth and long-term valu...

       By allcitynews.ng  The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), is set to launch a self-service online data recapture application known as the Data Recapture Self-Service Platform (PENCAP) on 1 February 2026, in a move aimed at accelerating pension data validation and improving service delivery across the industry. It is  meant to allow eligible Retirement Savings Account (RSA) holders to update and validate their personal records remotely, without the need to physically visit their PFA offices. The platform specifically targets RSA holders who enrolled in the Contributory Pension Scheme (CPS) on or before 1 July 2019 and are yet to complete the mandatory data recapture exercise. PenCom said the initiative represents a significant step in strengthening data integrity, enhancing operational efficiency and deepening the use of digital solutions in Nigeria’s pension administration. Closing Legacy Da...

  ASSOCIATION OF FREE READERS OF  NIGERIA,  FEEDING ON NEWSPAPERS ENJOY THE READING ****Q4 2025 Network Performance: Nigeria’s Telcos Post Measurable Gains As NCC Tightens Data-Driven Regulation  *https://therevealerng.com/q4-2025-network-performance-nigerias-telcos-post-measurable-gains-as-ncc-tightens-data-driven-regulation ****Investigators uncover undeclared U.S., Dubai properties linked to ex-pension boss Maina *https://globalfinancialdigest.com/investigators-uncover-undeclared-u-s-dubai-properties-linked-to-ex-pension-boss-maina ****FG, states disagree over revenue distributions, stalled FAAC Jan allocations, delays salary payments *https://globalfinancialdigest.com/fg-states-disagree-over-revenue-distributions-stalled-faac-jan-allocations-delays-salary-payments ****At least 25 killed in Borno attack, deadliest Islamist assault since U.S. Christmas airstrikes *https://globalfinancialdigest.com/at-least-25-killed-in-borno-attack-deadliest-islamist-assault-since-...

  By allcitynews.ng  Journalists covering the Real  Sector,  under the umbrella of Commerce and Industry Association of Nigeria is set to reposition CICAN with Organised Private Sector (OPS) by having all inclusive constant interactive sessions. The move is aim to relink CICAN through a robust relationship with all members of the OPS  by bridging the past missing gaps. The National Chairman of the Commerce and Industry Association of Nigeria (CICAN), Comrade Taiwo Hassan, who  made this known,  called for stronger collaboration between industry stakeholders and the media. Just as he disclosed that CICAN would soon introduce a nationwide Made-in-Nigeria Media Day, in collaboration with agencies such as FMITI, MAN, NACCIMA, NECA and SON, to promote local products, fabrics and brands through coordinated media advocacy. According to Hassan, the need for policy stability from government, and enhanced rewards for journalists covering Nigeria’s manufacturing ...

  ENJOY THE READING News Update, Wednesday, 28/01/2026 ‎ ‎**No cause for alarm: Tinubu “dey kampe”, holds talks with President Erdogan after stumble in Turkey ‎ ‎**Tinubu is Nigeria’s most Christian-Friendly President ever – Akpabio ‎ ‎**North West leads with 48 federal projects under Tinubu's Renewed Hope Agenda - Umahi ‎ ‎**First Lady’s RHI hands over three mobile clinics to NYSC, Taraba govt ‎ ‎**Why we’re offering sustainable livelihoods to illicit cannabis growers – Marwa  ‎ ‎-----. Rallies national stakeholders, international partners on crop substitution at the launch of alternative development project in Ondo state ‎ ‎**Nigeria to end fertiliser import amid domestic production boost ‎ ‎**Adeleke to Tinubu: intervene in crisis ‎ ‎**Police recruitment deadline extended as applications top 400,000 ‎ ‎**Ojulari reacts as NNPCL, Chevron discover fresh oil well in Niger Delta ‎ ‎**Dangote Refinery increases petrol price ‎ ‎**FG appeals to JOHESU to suspend strike as review o...