Seplat energy JV empowers Edo, Delta students with N18m

The Seplat Energy Plc, in partnership with its Joint Venture partner, the NNPC Exploration and Production Limited, has empowered Edo, Delta students with N18 m.

The firm made the disclosure shortly after the grand finale of the 2025 edition of the PEARLs Quiz competition for secondary schools across Edo and Delta States on Saturday in Asaba, the Delta State capital.

The Pioneer Education Centre, Edo State, emerged winner and took home the N10m prize money, while second and third placed schools, Notre Dame College, Uzoro, Delta State and Eucharistic Heart of Jesus Model College, Benin, Edo State, received N5 m and N3 m, respectively.

The PEARLs Quiz, which stands for Promoting Exceptional and Respectable Leaders, is one of Seplat Energy JV’s flagship Corporate Social Investment initiatives geared towards the promotion of academic excellence, nurturing critical thinking, and inspiring the next generation of leaders.

In her opening remarks, the Director of External Affairs and Social Performance, Seplat Energy, Chioma Afe, represented by Hadiza Garbati, General Manager, Government Relations, Seplat, welcomed the governments of Delta and Edo States and congratulated all the participants, particularly those who made it to the grand finale.

The initiative, she pointed out was conceived for promoting exceptional and respectable leaders, dating back to 2012, which has seen Sepalt remain active in host communities and helping to foster students in the right direction.

She noted that by the quality of participation in this year’s edition, the students have demonstrated that the initiative is already bearing fruit by nurturing young people. “A school might be going home today with the prize, but all of you are already winners, and I congratulate you,” she said.

According to her, the learning each participant had gained from the PEARLs Quiz will make him or her a better person in the journey of life.

She commended the teachers, many of whom have also been trained under various CSI initiatives of Seplat for encouraging the students to make the 2025 PEARLs Quiz a huge success

In addition to the quiz competition, the grand finale also featured the STEAM Innovation Challenge, where students showcased inventive projects in the areas of science, technology, engineering, arts, and mathematics

On his part, Nicolas Foucart, Managing Director of NNPC Exploration and Production Limited, represented by the Corporate Communication Department’s Godwin Ijiga, expressed joy at the enthusiasm and brilliance demonstrated by the participants across Edo and Delta States.

In his remarks, Sheriff Oborevwori, Delta State Governor, represented by Ms. Orode Udughan, Delta State Commissioner for Humanitarian Affairs, Community Support Services and Girl Child Development, commended the Seplat JV for the initiative, which he said has greatly impacted students in Edo and Delta states for many years.

She said, “Today, we celebrate not just a contest but the brilliance, promise and potential of our young people, the true future of our states and our nation.

“On behalf of the government and people of Delta State, I extend profound appreciation to Seplat Energy and the NNPC Joint Venture for their consistent and impactful investment in education.

“The PEARLS quiz, which translates to promoting exceptional and respectable Leaders, is a shining example of corporate social responsibility that aligns perfectly with our developmental vision.

“For years, this initiative has provided a vibrant platform for students to demonstrate intellect, confidence and character while promoting the culture of academic excellence.

*Polaris Bank restates support for SMEs growth in Nigeria with launch of ‘EveryDay supermarket’ Yenegoa branch*

Polaris Bank has reaffirmed its commitment to supporting small and medium-scale enterprises (SMEs) and driving economic growth in Nigeria’s South-South region with the commissioning of the new ‘Everyday Supermarket’ Yenagoa Store.
The grand opening, which took place yesterday at Bay Bridge Junction on the Kpansia-Epie Expressway, Bayelsa State , marks the retail chain’s entry into the Bayelsa market and a significant milestone in the region’s business expansion efforts.
Speaking at the event, Mr. Raphael Abaziem, Directorate Head, Polaris Bank, South-South, described the launch as a testament to growth, resilience, and the power of strategic partnership.
“This milestone represents more than the opening of a new outlet. It speaks to our shared vision of economic expansion, local enterprise development, and improved access to quality goods and services for the people of Bayelsa State,” Abaziem stated.
He further noted that the new outlet builds on earlier successes, including Polaris Bank’s financing of the Everyday Group’s flagship shopping complex in Port Harcourt in February, 2025.
“When we partner, we empower, expand, and raise the bar for retail development across Nigeria. Polaris Bank is proud to have supported this journey and to stand with ‘Everyday Supermarket’ as it extends its footprint and impact. We look forward to deepening our collaboration and continuing to support businesses that are creating opportunities, empowering communities, and driving sustainable development across the country,” he added.
In his remarks, Mr. Yemi Osindero, Chairman of ‘Everyday Supermarket’, expressed delight at the brand’s expansion into Bayelsa, noting that the group continues to grow from strength to strength.
“Everyday Group is 28 years old, with 15 stores across the South-East and South-South, including Owerri, Asaba, and Abakaliki. We are excited to be in Yenagoa for the first time and look forward to opening more stores in Bayelsa. Plans are also underway to expand into Aba, Benin, Uyo, Enugu, and Abuja,” Osindero said.
The launch of the Yenagoa branch underscores Polaris Bank’s role as a key enabler of enterprise development and its commitment to supporting businesses that drive local economic empowerment and regional growth.
Access Holdings  Reports ₦2.5 Trillion Gross Earnings in H1 2025

Access Holdings Plc (“the Group” or “the Company”)  yesterday announced its half-year audited financial results for the period ended June 30, 2025.
The Group’s  financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8% year-on-year to ₦2.5 trillion in H1 2025 from ₦2.2 trillion in H1 2024, driven by strong growth in interest income which increased by 38.9% year-on-year to ₦2.0 trillion from ₦1.5 billion in H1 2024.
Net interest income also increased by 91.8% year-on-year to ₦984.6 billion in H1 2025 from ₦513.4 billion in H1 2024.
Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to ₦237.7billion in H1 2025 from ₦204.7 billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at ₦320.6 billion and ₦215.9 billion respectively underscoring the strength and resilience of our business model in the markets we operate in.
Key balance sheet indicators remain strong with total assets, customer deposits,  loans and advances, and shareholders’ equity closing at ₦42.4 trillion, ₦22.9 trillion, ₦13.2 trillion ₦3.8 trillion respectively.
The Banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7% year-on-year to ₦2.0 trillion in H1 2025 from ₦1.5 trillion in H1 2024. Net interest income increased by 85%, from ₦536.7 billion in H1 2024 to ₦992.7 billion in H1 2025. Fee and commission income increased by 27% to ₦294.9 in H1 2025 from ₦232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at ₦303.0 billion and ₦199.3 billion respectively.
Banking group subsidiaries contributed 65% to the Banking group’s profit before tax (PBT) in H1 2025. This result highlights our journey towards sustainable performance and execution across our key African and international markets.
The Group’s  non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9% to ₦21.0 billion and profit before tax up 65.1% to ₦13.1 billion. The business delivered a solid ROAE of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability.
Hydrogen Payments recorded a 40.5% growth in top-line revenue compared to H1
2024. Profit before tax (PBT) grew by 273% year-on-year. The total transaction value processed increased by 211%, reaching ₦41.1 trillion in H1 2025, up from ₦13.8 trillion in H1 2024.
Access Insurance Brokers has sustained strong momentum, recording a 125% year-on-year increase in gross written premium, 146% growth in revenue, and a 161% improvement in profit before tax (PBT).
Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering ₦5.4 billion in revenue and ₦2.2 billion in profit before tax in H1 2025.
Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability.
The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business. It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.
Access Holdings remains confident that it will continue to deliver sustainable value and returns to its  shareholders. Its long-term objective is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings.
The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future.
I remain SDP National Chairman – Gabam

The expelled National Chairman of the Social Democratic Party, SDP, Shehu Gabam, has insisted that he remains the legitimate chairman of the party.

In a statement issued on Friday in Abuja by his Special Assistant (Legal), Abubakar Baba, the embattled SDP leader described his reported expulsion from the party as illegal, null, and void.

He condemned the move as a desperate attempt by impostors to destabilise the party, insisting that the purported action was unconstitutional and of no consequence.

DAILY POST recalls that Gabam, along with the National Youth Leader, Dr Ogbonna Uchechukwu, and several others, was expelled on Thursday following a meeting of the National Working Committee, NWC, in Abuja.

Reacting to the development, Gabam said “the said meeting is illegal, null and void, and of no effect whatsoever.”

Citing Article 13 (iv) of the SDP Constitution, which empowers only the National Chairman to preside over meetings of the National Convention, National Executive Committee, National Working Committee, and National Caucus, he said: “I remain the national chairman of the SDP. Any meeting convened or presided over without the consent of the duly recognised chairman constitutes a gross violation of its constitution and a brazen attempt to usurp legitimate authority.”

Gabam also criticised the National Secretary, Olu Agunloye, for allegedly writing to the Independent National Electoral Commission, INEC, to communicate the purported decisions of the meeting, describing the action as a breach of Part 2 (12) 3 of the INEC Regulations and Guidelines for Political Parties, 2022.

Governor Lawal inaugurates PDP convention subcommittees

Governor Dauda Lawal of Zamfara State has inaugurated the Accreditation and Special Duties subcommittees of the Peoples Democratic Party, PDP, ahead of its 2025 elective national convention.

The convention is scheduled to hold on November 15 and 16 in Ibadan, Oyo State.

The inauguration of the accreditation subcommittee took place on Friday at the PDP Legacy House in Maitama, Abuja. The committee is responsible for producing the delegates’ list, booklets, and tags for participants and observers, as well as accrediting and ensuring the welfare of delegates.

Lawal also inaugurated the Special Duties Subcommittee at the PDP National Secretariat, Wadata Plaza, Abuja. The committee is tasked with coordinating financial activities, approving budgets, fundraising, and managing disbursements during the convention.

He noted that both subcommittees form part of the National Convention Organising Committee working towards a smooth and credible exercise.

Lagos signage agency clears staff of fraud, faults him for policy violation

The Lagos State Signage and Advertisement Agency, LASAA, has exonerated one of its staff members, Olukayode John Adetifa, of allegations of fraud that recently circulated on social media, but found him culpable of violating the agency’s “no cash” policy.

In a statement signed by Atinuke Dasilva, Head of Corporate Communications, LASAA stated that an internal investigation revealed that Adetifa, who serves in the agency’s Alimosho office, did not defraud the client, MJ Beauty Salon, as alleged, but mistakenly received payment into his personal account.

DAILY POST had reported that a viral social media post had accused Adetifa of collecting N45,000 via his personal Opay account while issuing a receipt of only N7,100.

However, LASAA clarified that a fact-finding panel discovered that the staff merely assisted the client, who was reportedly unwell, to complete an official online payment for signage registration amounting to N40,000.

According to the agency, the salon owner later corroborated this finding and tendered an apology for the misunderstanding, disowning the viral claim that sparked the controversy.

While noting that the investigation found no evidence of fraudulent intent, LASAA maintained that Adetifa’s conduct breached internal procedures and that he would be subjected to disciplinary action in line with Public Service Rules.

The agency reiterated its commitment to transparency and accountability in service delivery, urging the public to strictly adhere to its “no cash” payment policy and to report any complaints through official communication channels.

Lagos: LASTMA arrests six ‘one-chance’ suspects, clears Ijora Bridge criminal enclave

The Lagos State Traffic Management Authority, LASTMA, has arrested six suspected members of a notorious “one-chance” robbery syndicate believed to be operating under the Ijora Bridge corridor in Lagos.

According to a statement issued by the Director of Public Affairs and Enlightenment at LASTMA, Adebayo Taofiq, the operation was conducted in collaboration with the Nigeria Police Force, Mobile Police, Lagos State Task Force, Lagos State Environmental Sanitation Corps, and the Nigerian Army.

The arrests, carried out on Thursday, October 23, 2025, were part of a joint enforcement operation aimed at clearing illegal garages, makeshift shanties, and criminal hideouts along Apapa Road, Costain, and Ijora under-bridge.

The Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Sola Giwa, said the coordinated exercise demonstrates the government’s zero-tolerance stance on environmental violations and the unlawful occupation of public spaces.

“This operation is part of the Sanwo-Olu administration’s integrated effort to make Lagos safer, cleaner, and more habitable. Criminal elements and illegal occupants still operating beneath bridges and in unauthorized spaces are hereby warned to vacate immediately,” Giwa stated.

During the operation, enforcement teams recovered 77 mobile phones, two POS machines, several wristwatches, and other personal items believed to have been stolen from unsuspecting commuters and pedestrians. Authorities also confiscated multiple kegs of adulterated diesel and over 150 packs of expired plantain chips and cheese balls.

Giwa revealed that the Ijora under-bridge area had become a hub for criminal activities. “The location had evolved into a storage centre for stolen items and contraband. Today’s cleanup has successfully dismantled those hideouts and restored sanity to the corridor,” he said.

In addition to the arrests, more than 120 illegal shanties were demolished, including structures located around St. Peter’s Catholic Nursery and Primary School on Apapa Road.

“By reclaiming these public spaces, we are reinforcing urban discipline and ensuring that vital infrastructure is not converted into criminal shelters,” Giwa added.

The General Manager of LASTMA, Mr Olalekan Bakare-Oki, lauded the collaboration among security and enforcement agencies, describing it as a model of effective inter-agency synergy.

“LASTMA’s responsibility extends beyond traffic management. It includes ensuring public safety, protecting transport corridors, and preventing criminal encroachments on public infrastructure,” Bakare-Oki stated.

He urged Lagos residents to remain vigilant and promptly report suspicious activities to relevant authorities.

The six suspects; Adetunji Bashiru (28), Sulaiman Kada (35), Abubakar Bala (42), Abubakar Ahmed (28), Rasaq Gbadamosi (21), and Ibrahim Yakub (23), have been handed over to law enforcement agencies for further investigation and prosecution.

Varsity founder condemns NECO result rejection

FacilitatorThe Founder and President of Atiba University, Oyo State, James Ojebode, has condemned the alleged refusal of some federal universities to accept the recently released National Examinations Council results from admission seekers.

In a statement on Friday, Ojebode described the development as, “unjust, discriminatory, and inconsistent with the country’s commitment to inclusive and equitable education.”

He lamented that many candidates who applied for admission using ‘Awaiting Results’ were later denied entry after NECO released their results.

Ojebode also described the situation as “a denial of the fundamental right to education and a reflection of administrative insensitivity.”

The varsity founder urged the Federal Ministry of Education, the Joint Admissions and Matriculation Board, and NECO to take immediate action to address the issue.

National Assembly reviews 55 new state proposals

Senate newThe National Assembly has begun discussions on constitutional amendments to create 55 new states and 278 additional local government areas nationwide.

The Deputy Senate President, Barau Jibrin’s Special Adviser on Media and Publicity, Ismail Mudashir, disclosed this in a statement issued in Abuja on Friday.

According to the statement, Barau spoke during the opening of a two-day joint retreat of the Senate and House of Representatives Committees on the Review of the 1999 Constitution in Lagos.

He reaffirmed the legislature’s commitment to delivering “people-centred and timely” amendments to the constitution.

Barau, who also chairs the Senate Committee on Constitution Review, urged lawmakers to work towards fulfilling their promise of transmitting the first set of amendments to the state Houses of Assembly before the end of the year.

“It has been a long journey to bring the Senate and the House of Representatives’ Constitution Amendment proposals that cut across several sections and deal with different subject matters.

“We have been in this process for the past two years, engaging our constituents, critical stakeholders, institutions, civil society organisations, and interest groups in town hall meetings, interactive sessions, and public hearings—harvesting and synthesising views and perspectives, which have ultimately culminated in what we have here today: 69 bills, 55 state creation requests, two boundary adjustments, and 278 local government creation requests,” he added.

Barau noted that the lawmakers were expected to resolve these issues and make recommendations to both chambers, expressing optimism that progress could be achieved within the two-day session.

“It is not going to be a simple task to achieve within two days, but I believe we can do it, especially as we have promised Nigerians that we will deliver the first set of amendments to the State Houses of Assembly before the end of this year,” he added.

While stressing the need for patriotism and unity in the review exercise, Barau urged participants to avoid divisive tendencies.

He said, “We are seated here as one committee. There should be no ‘we’ and ‘them’; we should be guided by the interests of Nigerians. I wish all of us a very fruitful deliberation and hope for recommendations that will meet the approval threshold of the provisions of Section 9 of the Constitution.”

PremiumTrust Bank earns strong GCR ratings

PremiumTrust BankA four-year-old bank, PremiumTrust Bank, has earned an impressive credit rating from Global Credit Ratings, one of Africa’s leading rating agencies.

The bank received an A- (NG) long-term and A2 (NG) short-term rating, a recognition that underscores its strong capitalisation, sound risk management practices, and consistent growth trajectory in Nigeria’s dynamic banking sector.

This was contained in a statement obtained by our correspondent from the bank on Thursday.

According to GCR, the ratings reflect PremiumTrust Bank’s financial resilience, buoyed by a successful equity raise and improved profitability.

The agency commended the Bank’s robust liquidity position and prudent governance framework, both of which continue to support its credit profile amid expansion across Nigeria’s competitive financial landscape.

GCR further noted that the bank’s ratings are anchored by its solid capitalisation metrics, strengthened by an equity injection that enhanced its balance sheet.

The agency also assessed PremiumTrust Bank’s funding and liquidity position positively, highlighting a stable funding structure and a strong liquidity buffer.

Current and savings account deposits accounted for 92.1 per cent of total deposits, resulting in a low cost of funds of 3.8 per cent, while the deposit base remained well-diversified.

The A- (NG) Long-Term Rating indicates low risk, very good financial strength, and excellent operating performance, whereas the A2 (NG) Short-Term Rating denotes fair credit quality and adequate capacity for timely payment of financial commitments.

These assessments showed PremiumTrust Bank’s ability to meet its obligations efficiently while sustaining growth momentum.

In addition to the GCR rating, PremiumTrust Bank also secured A- (NG) Long-Term and A2 (NG) Short-Term ratings from another reputable credit rating agency, DataPro.

The agency’s evaluation took into account the Bank’s earnings profile, liquidity strength, corporate governance, regulatory compliance, and sustainability of its healthy financial outlook over the medium to long term. DataPro described the Long-Term Rating as indicative of low risk and very good financial strength, while the short-term rating reflects Fair Credit Quality and adequate capacity for timely payments.

The statement partly reads, “The ratings highlight PremiumTrust Bank’s financial resilience, following a successful equity raise and enhanced profitability. GCR commended the Bank’s robust liquidity and prudent governance framework, which continue to underpin its credit profile even as it expands across Nigeria’s competitive banking landscape.

“According to GCR, the Bank’s ratings are anchored by its robust capitalisation metrics, strengthened by a successful equity injection. The agency also assessed PremiumTrust Bank’s funding and liquidity position positively, citing a stable funding structure and a sufficiently liquid balance sheet. Current and savings account deposits represented a significant 92.1% of total deposits, translating to a low cost of funds of 3.8%. The deposit base remains well-diversified.