NGX Group market capitalisation soars 37.7% to N141.75tn

CEO of Nigerian Exchange Limited Temi PopoolaThe Nigerian Exchange Group has recorded a 37.7 per cent growth in market capitalisation, rising to N141.75tn as of September 2025 from N102.94tn in the same period of 2024.

This performance reflects growing investor confidence and the Group’s continued focus on innovation, technology, and sustainability under the leadership of its Group Managing Director and Chief Executive Officer, Temi Popoola, who said the growth demonstrates that the strength of Nigeria’s capital markets cannot be separated from the strength of the communities they serve.

“For us at NGX Group, building strong capital markets goes hand in hand with building strong communities, because inclusive growth and social well-being are the true foundations of a resilient economy,” he said.

In line with this vision, NGX Group has deepened its commitment to social impact through its flagship initiative, Project BLOOM (Bringing Life to Our Overlooked Minors). The programme, implemented in partnership with the Lagos State Government and the Health Emergency Initiative, has reached over 200 children and 180 caregivers in underserved communities like Ajegunle and Yaba, providing therapeutic food, medical care, and nutrition education.

The Group also continues to drive market inclusivity through digital innovation. Its e-offering platform, NGX Invest, has enabled corporates to raise over N2tn in capital, making public offers and rights issues more accessible to retail investors nationwide.

Beyond social and digital transformation, NGX Group has advanced its sustainability agenda through the Nzero initiative, which helps listed companies measure, report, and reduce carbon emissions in line with global sustainability standards.

Popoola noted that the Group’s focus on environmental, social, and governance principles has strengthened market transparency and long-term investor confidence.

He said, “Our vision is to create markets that thrive in harmony with society and the environment. We are judged not just by the wealth we help create but by how widely that wealth is shared and how sustainably it is generated.”

The NGX boss added that through initiatives like Project BLOOM and NGX Invest, the Group aims to bridge the gap between market performance and social development, reinforcing its position as both a driver of capital formation and a catalyst for community transformation.

FirstBank Vindicated: Arbitration Tribunal Dismisses GHL’s $718 Million Claim

First-Bank-Of-Nigeria

The Final Award in the arbitration initiated by General Hydrocarbons Limited against First Bank of Nigeria Limited, issued by Sole Arbitrator Hon. Justice Kumai Bayang Akaahs, was published today, the 28th of October 2025.

General Hydrocarbons Limited (GHL) was represented by Messrs. Paul Usoro SAN & and Abiodun Layonu SAN. First Bank of Nigeria Limited (FBN) was also represented by Messrs Gbolahan. Elias, SAN; Babajide Koku, SAN and Victor Ogude, SAN.

The Tribunal dismissed GHL’s case in its entirety, affirming FBN’s financing obligations as conditional, finding no breach or entitlement to damages by GHL, and ordering GHL to bear the costs of arbitration.

The dispute arose from the Subrogation Agreement dated May 29, 2021, under which GHL undertook the repayment of an outstanding debt of $718 million and FBN undertook to provide additional loans to finance the development and production of OML 120in line with the provisions of the Subrogation Agreement.

GHL alleged that FBN breached the agreement by failing to provide absolute and timely financing, sabotaging alternative funding efforts, and causing losses, including liabilities to third parties and leading to loss of productive time in the development of OML 120.

FBN argued its financing obligation was conditional and not absolute but subject to review and professional discretion in line with banking policies and regulatory guidelines.

  1. FBN has a conditional, not absolute, obligation to finance OML 120 development. It must review and evaluate financing requests and may attach competitive terms as deemed suitable.
  2. GHL failed to prove any breach by FBN. FBN made several financing offers totalling $185 million, and the delays alleged by GHL were not found unreasonable or in breach.
  3. Introduction of an Independent Asset Manager as a financing condition by FBN was consistent with the agreement and not a breach.
  4. Allegations of FBN sabotaging alternative financing arrangements were unsubstantiated and dismissed for being devoid of any merit.
  5. All reliefs sought by GHL, including declarations, damages for unpaid contractor fees, losses, and termination of the Subrogation Agreement, were refused.
  6. FBN was adjudged entitled to recover reasonable legal and arbitration costs from GHL, amounting to $112,100 and N111,250,000, payable within 30 days with interest on late.

…The tribunal’s order for GHL to pay FirstBank’s arbitration costs within 30 days underscores the bank’s strong position in the dispute and paves the way for further action to recover $230 million owed to the bank

Gombe police arrest suspects, recover pistol, vehicles

The Gombe State Police Command has clamped down on criminals across the state, leading to the recovery of stolen vehicles, arrest of suspects, and seizure of a locally made pistol.

Police Public Relations Officer DSP Buhari Abdullahi disclosed this in a statement obtained by Arewa PUNCH.

The police mouthpiece noted that the successful operations were achieved through credible intelligence and proactive policing.

“These arrests and recoveries reflect our commitment to ensuring Gombe remains one of the safest states in Nigeria. The Command will continue to pursue criminals until the state is completely free of their activities,” he added.

According to the statement, “the first breakthrough occurred on October 13, 2025, when a patrol team from Balanga Division intercepted a suspicious black Toyota Jeep with registration number ABUJA ABC 241 DW along the Bangu–Laura feeder road.

“Upon sighting the police, the suspects sped off, prompting a chase. During the pursuit, the police patrol vehicle suffered a flat tyre, forcing two officers to continue the chase on a motorcycle.

“The suspects also ran into trouble when their vehicle developed a flat tyre near Laura village.

“As the officers approached, one of the suspects allegedly struck a police constable with a pestle before fleeing on a motorcycle, abandoning the vehicle.

“Upon inspection, detectives discovered that the supposed Toyota Prado was actually a Lexus Jeep that had been repainted black and altered to disguise its identity.

“Further investigation revealed that the vehicle had been stolen from Abuja on October 5, 2025, and the theft was earlier reported at Nyanya Police Division, FCT.

“We are already collaborating with the FCT Police Command to apprehend the fleeing suspects and ensure justice is served,” DSP Abdullahi confirmed.

In another operation, the police in Gombe Division arrested 45-year-old Sani Bappari of Mallam Inna Quarters for allegedly stealing an ash-coloured Honda Civic with registration number DKU 564 AA.

Again, DSP Buhari Abdullahi narrated the incident to our correspondent: “The vehicle was reportedly stolen from Central Roundabout, Gombe, on October 15, 2025, around 9:18 p.m

“Thanks to swift intelligence gathering, detectives tracked and arrested Bappari later that night. The stolen vehicle was recovered intact and secured as an exhibit.”

He added, “Our detectives acted with precision and speed to recover the vehicle within hours of the complaint. Investigation is still ongoing to identify other members of the syndicate.”

The Command also arrested one Augustine Nkwakoye of Bolari Quarters for alleged possession of a locally made pistol and one cartridge.

“The incident occurred on October 14, 2025, when a misunderstanding between the suspect and a customer at Old Tipper Garage escalated into a threat.

Nkwakoye allegedly pulled out a pistol and threatened to shoot the complainant but was swiftly disarmed by a bystander. Police later recovered the weapon from his residence.

“The case has been transferred to the State CID for further investigation,” Abdullahi added.

Nigerians trade $50bn in crypto, ignore capital market, says SEC

AgamaNigeria’s capital market regulator, the Securities and Exchange Commission, has raised concerns over the growing preference of Nigerians for cryptocurrency trading over investments in the traditional capital market.

According to the Director-General of the SEC, Emomotimi Agama, more than $50bn worth of cryptocurrency transactions passed through Nigeria between July 2023 and June 2024, reflecting a high level of investor sophistication and risk appetite that has not translated into participation in the formal market.

“Over $50 bn worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, underscoring the sophistication and risk tolerance of investors that the traditional market has yet to capture.”

In a statement, Agama, who spoke while presenting a paper titled ‘Evaluating the Nigerian Capital Market Masterplan 2015–2025’ at the annual conference of the Chartered Institute of Stockbrokers, said fewer than four per cent of Nigerian adults currently invest in the capital market.

He said, “There are concerns over the alarmingly low participation of Nigerians in the traditional capital market, revealing that fewer than four per cent of the country’s adult population are active investors.”

He described the low participation rate as a major obstacle to economic growth and capital formation, noting that while less than three million Nigerians invest in the market, over 60 million engage in daily gambling activities worth an estimated $5.5m.

Agama further lamented that Nigeria’s market capitalisation-to-GDP ratio stands at about 30 per cent, far below that of South Africa at 320 per cent, Malaysia at 123 per cent, and India at 92 per cent.

He called for deeper financial inclusion, stronger trust-building measures, and renewed reforms to attract retail investors and harness the capital market as a driver of long-term economic transformation.

Equities lose N94bn as investors take profit on blue chips

Nigerian Exchange LimitedThe Nigerian equities market opened the week on a bearish note as investors embarked on profit-taking in some high-cap stocks, leading to a loss of N94bn in market capitalisation at the close of trading on Monday.

Data from the Nigerian Exchange Limited showed that the market capitalisation dipped to N98.7tn from N98.8tn recorded on Friday, representing a 0.1 per cent decline. Similarly, the benchmark index fell by 148.90 points to close at 155,496.15.

Despite the overall decline, the market remains on a positive trajectory, reflecting a one-week gain of 3.71 per cent, a four-week gain of 9.4 per cent, and an impressive year-to-date return of 51.08 per cent.

Trading data revealed that investors exchanged a total of 502.99 million shares valued at N24.94bn in 39,945 deals, showing a 58 per cent decline in volume and a 21 per cent drop in turnover compared with the previous session, although the number of deals rose by 33 per cent.

Market activity was driven largely by trades in the financial and industrial sectors. Access Holdings led in volume with 68.9 million shares worth N1.62bn, followed by FBN Holdings with 66.6 million shares valued at N2.09bn. Others on the volume chart included Universal Insurance with 19.2 million shares, Sovereign Trust Insurance with 19.1 million shares, and Zenith Bank with 18.2 million shares.

On the value side, Aradel Holdings topped the chart with trades worth N5.63bn, followed by Presco with N2.25bn, FBN Holdings with N2.09bn, Dangote Cement with N1.65bn, and Access Holdings with N1.62bn.

The market breadth closed negative, with 25 gainers and 34 losers. Aradel Holdings led the gainers with a 10 per cent rise to close at N869 per share, while NEM Insurance gained 9.67 per cent to close at N32.90. Aso Savings & Loans appreciated 9.09 per cent, and Eterna rose 8.75 per cent.

On the losers’ chart, Deap Capital Management and Trust led with a 9.71 per cent decline to close at N1.58, followed by Champion Breweries, which fell 9.64 per cent to close at N15 per share. Red Star Express dropped 8.64 per cent, while Wapic Insurance and PZ Cussons shed 6.45 per cent and 5.94 per cent, respectively.

Sectoral performance was mixed, as the Oil and Gas Index gained 4.24 per cent, the Insurance Index rose 1.09 per cent, and the Main Board Index advanced 0.22 per cent. Conversely, the Pension Index fell 0.48 per cent, while the Top 30 Index declined 0.08 per cent.

The PUNCH reported that the Nigerian Exchange recorded its strongest performance in months as investors pushed the market higher by 4.48 per cent, adding N4.32tn to its overall value in a single week. The market capitalisation closed at N98.793tn, while the All-Share Index settled at 155,645.05 points, reflecting renewed investor confidence and increased activity across major sectors.

Apapa gridlock resurfaces as Truckers flood Port access roads

… Profiteering Syndicate allegedly fingered for fueling chaos
The notorious traffic gridlock that once crippled Apapa and its environs is gradually resurfacing, threatening to paralyze movement and port operations .
Despite previous interventions, residents, commuters, and port workers are now facing renewed evening congestion as truckers and tankers swarm the port access roads daily.
Investigations by the Network of Nigerian Maritime Journalists (NNMJ) revealed that while Apapa roads remain relatively free during the day, a long trail of trucks begins forming by evening from both the Costain and Mile 2 entry points.
From the Ijora-Olopa bridge to Apapa and from Coconut bus stop to Tin Can Island’s gates, trucks line up in droves, allegedly paying between N30,000 and ₦50,000 to secure a spot in the queue.
Sources alleged that some officials of key agencies—including the Nigerian Ports Authority (NPA), Nigerian Shippers Council (NSC), Lagos State Traffic Management Authority (LASTMA), Federal Road Safety Corps (FRSC) and the Nigeria Police—are complicit in the illegal toll collection, turning a blind eye as the situation worsens.
The most affected areas include such roads as Wharf , Warehouse, Commercial , Burma  and Creek .
By 5 PM, vehicle owners often abandon their cars and resort to motorcycles to escape the gridlock while their cars are out of the affected areas before the close of work daily.
Moses Fadipe, former National Coordinator of the Port Standing Task Team (PSTT), attributed the resurgence to the return of vested interests who previously profited from the chaos. He noted that the Lagos State Government knows what steps to take to prevent a full-blown crisis.
Martins Enibeli, President of the Nigerian Institute of Shipping (NIS) and the Nigerian Licensed Ship Chandlers Association (NILSCA), blamed government insincerity for the relapse.
He urged authorities to prioritise rail transport for cargo evacuation from Lagos ports and to revive Eastern and Delta ports to ease pressure on Apapa.
“Bonded terminals should be relocated far from the ports and connected by rail. Government must stop concentrating port operations in the West while neglecting other regions,” Enibeli stated.
A senior official, speaking anonymously, confirmed that a syndicate involving both state and non-state actors is profiting from the tolls collected from truckers, exacerbating the traffic crisis.
Stakeholders are calling for urgent federal intervention to dismantle the alleged racketeering network and restore sanity to Apapa’s transport corridors.
TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY

Transcorp Plc reports pre-tax profit of N38.8 billion in Q3 2025, up 54% -  Nairametrics
Transnational Corporation Plc (“Transcorp Group”), Africa’s leading listed conglomerate, has announced its
unaudited Q3 2025 financial results, delivering strong growth across business
lines.
The Group recorded a 39% year-on-year increase in revenue, rising from
₦297.7 billion in Q3 2024 to ₦413.4 billion in Q3 2025.
Profit Before Tax (PBT) grew by 18%, closing at ₦124.5 billion, compared to ₦105.5 billion in the same period last year.
Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence.
 Transcorp Group delivered a revenue of ₦413.4 billion, representing a
39% rise from ₦297.7 billion in Q3 2024.
All operating units recorded significant growth, with the increased
power generation capacity at the Group’s power plants and expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity
Transcorp Centre Abuja.
Sustained Profitability. Profit Before Tax rose by 18% to ₦124.5 billion, up from ₦105.5 billion in Q3 2024.
 Profit After Tax increased by 20.5%, reaching ₦91.4 billion, compared to
₦75.9 billion in 2024.
 The Group maintained a gross profit margin of 48%, reflecting disciplined
cost management and strategic pricing across its business units,
underpinned by a strong ethos of operational efficiency.
Chairman Transnational Corporation Plc, Tony O. Elumelu, CFR, commented;
“Transcorp’s robust revenue and earnings delivery demonstrates the opportunity in the Nigerian economy. Our diversified portfolio continues to
offer investors access to key drivers of Nigeria’s growth opportunity. As the macro-economic climate improves, the Group is well-positioned to take advantage of Nigeria’s extraordinary potential. We are executing our impact-
driven mandate through strategic investments that solidify our leadership in
Nigeria’s vital sectors. Our diversified model continues to demonstrate
resilience, generating significant value.
In power generation and distribution, we are closing the energy deficit in Nigeria, propelling national development. We increased our power
generation capacity at all our plants, and we remain committed to power Nigerians out of poverty. In hospitality, we are redefining excellence, with the
landmark Transcorp Centre Abuja setting a new standard for world-class events. We remain unrelenting in our commitment to delivering superior
shareholder returns and driving the long-term transformation of Nigeria’s economy.”
Commenting on the results, President/Group CEO of Transcorp Plc, Dr. Owen
Omogiafo, OON, stated:
“Transcorp Group’s Q3 2025 results demonstrate the successful execution of
our strategic direction, operational excellence and portfolio-wide efficiency.
Driven by our core purpose to “Improve Lives and Transform Africa”, we
continue to optimise our businesses to deliver superior stakeholder value.
As Nigeria’s leading conglomerate, with a disciplined approach to excellent
corporate strategy, we are positioned to finish the year with strength and
strategic momentum. We offer investors unique access to the Nigerian
economy, delivering sustainable returns for our shareholders and championing
economic growth.”
Transnational Corporation Plc  is one of Africa’s leading,
listed conglomerates, with strategic investments in the power, hospitality, and
energy sectors, driven by its mission to improve lives and transform Africa.
Transcorp’s power businesses, Transcorp Power Plc and Transafam Power,
provide over 20% of Nigeria’s installed power capacity. Transcorp is
committed to developing Nigeria’s domestic energy value chain through its
investments in OPL281. The Group’s hospitality business, Transcorp Hotels Plc,
owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality
destination and Nigeria’s largest event venue, the Transcorp Centre Abuja.
Lagos APC slams Peter Obi over comment describing Yahoo boys as ‘geniuses’

The Lagos State chapter of the All Progressives Congress, APC, has strongly criticised the Labour Party, LP, presidential candidate in the 2023 general election, Peter Obi, over his recent comment portraying Internet fraudsters, popularly known as “Yahoo boys,” as “geniuses” who only need proper redirection.

In a statement issued on Sunday by its spokesperson, Seye Oladejo, the Lagos APC described Obi’s remark as “morally reprehensible” and unbecoming of someone who once sought to lead Nigeria.

Oladejo said it was disappointing and alarming that a former state governor and presidential candidate could make statements that appear to trivialise criminal behaviour in a society already battling moral decay.

“There’s nothing genius about crime. Yahoo-Yahoo is a social tragedy, not a talent.
We are genuinely concerned about Obi’s moral compass, how can someone who constantly condemns corruption also glorify cybercrime? Such contradictions reveal a dangerous moral confusion that has no place in leadership.”

The APC spokesman also accused Obi of seeking political relevance through controversial statements, describing his position as a “reckless attempt at attention-seeking,” Oladejo said.

“His desperation for attention has replaced reasoned leadership with reckless speech. There should be a limit to unrestrained desperation,” he added.

Oladejo also alleged that Obi misled many young Nigerians during the 2023 elections through what he called “propaganda, misinformation, and emotional manipulation.” He urged the LP candidate to apologise to the youth for his recent comments, warning that such rhetoric could encourage moral indiscipline.

While affirming the APC’s commitment to youth empowerment and innovation, the Lagos chapter rejected any attempt to romanticise or justify cybercrime, insisting that leadership must be rooted in “values, integrity, and moral responsibility.”

It would be recalled that Obi, while addressing participants at a youth conference in Onitsha on Saturday, had said that many Internet fraudsters possess creativity and intelligence that could be channelled towards productive ventures if properly guided.

He cautioned against the reckless pursuit of money, emphasising that “money is only a small fraction of true wealth,” and urged young people to focus on character, hard work, and community development.

SERAP demands NNPCL’s explanation on alleged missing N22.3bn, $49.7m, others

SERAPThe Socio-Economic Rights and Accountability Project has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to explain the whereabouts of alleged missing oil funds amounting to N22.3bn, $49.7m, £14.3m, and €5.2m, reportedly unaccounted for in the company’s financial records.

The civic group, in a letter dated October 25, 2025, and signed by its Deputy Director, Kolawole Oluwadare, said the missing sums were documented in the 2022 annual report recently published by the Auditor-General of the Federation on September 9, 2025.

SERAP urged Ojulari to identify and hand over those responsible for the alleged diversion or misappropriation of the funds to the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission for prosecution.

It also demanded that the missing funds be recovered and returned to the national treasury without further delay.

“These grim allegations by the Auditor-General suggest a grave violation of public trust, the Nigerian Constitution, anti-corruption laws, and the country’s international obligations,” the organisation stated.

According to SERAP, the Auditor-General’s findings point to “systemic corruption” within the NNPCL, which has “undermined Nigeria’s economic development, trapped millions in poverty, and deprived citizens of access to essential public services.”

The group noted that the Auditor-Generalhas, over the years, consistently documented similar reports of unremitted or missing oil revenues, lamenting that “ordinary Nigerians continue to bear the brunt of widespread corruption in the oil sector.”

It said,“Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the government’s ability to meet its human rights and anti-corruption obligations.”

SERAP further alleged that the misappropriated oil revenues reflected a broader failure of accountability and transparency at the NNPCL, contributing to Nigeria’s rising debt levels and deficit spending.

The group said, “Had the NNPCL accounted for and remitted these diverted or misappropriated oil monies, more funds would have been available for education, healthcare, and other critical sectors. The level of borrowing by the government would also have been reduced.”

SERAP gave the NNPCL a seven-day ultimatum to take the recommended steps or face appropriate legal action to compel compliance.

Quoting details from the 2022 audited report, SERAP highlighted numerous irregularities in NNPCL’s accounts, including: a ₦292m abandoned contract for an Accident and Emergency Facility in Abuja; over £14m allegedly spent to repair its London office without evidence of execution; an irregular $22.8m payment to a contractor for crude lifting, with unclear justification.

Others include a N2.3bn paid as car cash options to 100 staff without requisite approvals; ₦12.7bn unremitted operating surplus for December 2020, and the €5.1m paid for jetty operations with no supporting documents.

Multiple cases of undocumented or fictitious contract payments running into billions of naira and millions of dollars.

The Auditor-General reportedly expressed fears that much of the money “may have been diverted or misappropriated” and called for its recovery and remittance to the treasury.

SERAP cited Section 15(5) of the 1999 Constitution (as amended), which mandates public institutions to abolish all corrupt practices and abuse of power, urging the NNPCL to act transparently in the public interest.

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.