Transcorp Power posts 30% revenue growth as capacity increases to 550MW
businessday.ng/companies/article/transcorp-power-posts-30-revenue-growth-as-capacity-increases-to-550mw/
Transcorp Power Plc, the generation arm of Transnational Corporation Plc, posted a 30% revenue increase in 2025 as its capacity rose to 550MW, boosted by the return of the GT20 gas turbine. Revenue grew to N398.27 billion, with profit after tax reaching N91.42 billion despite grid and transmission constraints.
Gross profit climbed 14% to N162.44 billion, reflecting stronger operational efficiency. The expanded capacity positions Transcorp Power to better meet rising electricity demand and contribute more reliably to the national grid.
“Very respected woman”, Trump praises Remi Tinubu at US prayer breakfast in Washington
businessday.ng/news/article/very-respected-woman-trump-praises-remi-tinubu-at-us-prayer-breakfast-in-washington/
Donald Trump, the United States president, on Thursday publicly recognised Oluremi Tinubu, Nigeria’s first lady, at the US National Prayer Breakfast in Washington, describing her as a “very respected” Christian leader, a remark that comes amid strained diplomatic relations between both countries over religious freedom concerns.
Tinubu’s appearance at the high-profile gathering is seen as part of Nigeria’s soft-power engagement, following Trump’s recent redesignation of Nigeria as a Country of Particular Concern over alleged persecution of Christians an allegation the Nigerian government has rejected, insisting the country’s insecurity is driven by terrorism, banditry and organised criminality rather than religious targeting.
Kwara killings linked to Islamist extremism, not banditry, kidnapping, says Gov. Abdulrazaq
businessday.ng/news/article/kwara-killings-linked-to-islamist-extremism-not-banditry-kidnapping-says-gov-abdulrazaq/
At least 75 residents were killed in Nuku and Woro, Kwara State, after armed attackers targeted them for refusing to abandon their moderate Islamic practices, Governor Abdulrahman Abdulrazaq said. Homes were burned, hundreds displaced, and the assault is being treated as an extremist-driven massacre rather than banditry.
Abdulrazaq said the communities resisted a “perverted” doctrine, prompting the attack, while police confirmed a manhunt and the federal government ordered urgent military intervention.
Sterling HoldCo’s after-tax profit rises 81% on strong revenue expansion
businessday.ng/companies/article/sterling-holdcos-after-tax-profit-rises-81-on-strong-revenue-expansion/
Sterling Financial Holdings Company Plc (Sterling HoldCo), parent of Sterling Bank and The Alternative Bank, reported an 81% year-on-year jump in after-tax profit for 2025, reaching N78.6 billion. Gross earnings rose 46% to N476.5 billion, while return on equity hit 22%, reflecting successful portfolio optimisation and operational efficiency. The results underscore the group’s strong growth trajectory and commitment to maximising shareholder value.
Enugu court orders UK to pay £420m compensation to families of slain 1949 coal miners
businessday.ng/news/article/enugu-court-orders-uk-to-pay-420m-compensation-to-families-of-slain-1949-coal-miners/
An Enugu State High Court has ruled that the United Kingdom must pay £20 million each to the 21 families of coal miners killed by colonial authorities at the Iva Valley mine in November 1949. Justice Anthony Onovo declared the killings unlawful and ordered a formal apology to be published in Nigerian and UK newspapers.
The suit, filed by Greg Onoh, sought compensation and recognition of liability for the miners’ descendants. Respondents included the UK Foreign Office and the British government, none of whom appeared in court.
The ruling marks a rare judicial acknowledgment of historical colonial abuses and sets a potential precedent for similar claims.
Court orders police, DSS probe into alleged evidence tampering in Kogi fraud trial
businessday.ng/news/article/court-orders-police-dss-probe-into-alleged-evidence-tampering-in-kogi-fraud-trial/
A federal high court has ordered the Nigeria Police and DSS to investigate alleged evidence tampering in the ₦10 billion fraud trial of Ali Bello, chief of staff to Usman Ododo.
The court registrar, Nasiru Onimisi Zubairu, admitted deleting WhatsApp messages from key exhibits after being approached by co-defendant Daudu Sulaiman, who promised him a house in return. Justice James Omotosho played the registrar’s recorded confession in court and demanded a full explanation.
“We have zero tolerance for this kind of conduct,” the judge said, emphasizing the court’s duty to ensure integrity in high-profile trials.
