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All Posts in "Day: October 27, 2025"

Chief Benedict Nweke  Buried with Honor at 100

By Nnedinma Michael
The burial and funeral ceremony for Chief Benedict Nweke Onuorah Ononiwu Nwosu, a 100-year-old elder statesman from Umudioka, Dunukofia Local Government Area of Anambra State, took place on October 23, 2025.
The event drew dignitaries and personalities from various parts of the world, who came to pay their respects and seek blessings from the family.
Chief Kizzitto Nwosu, the deceased’s son, described his father as a hardworking and focused individual who prioritized his children’s education.
He prayed for a successful ceremony and for his father’s soul to rest in peace.
Chief Kizito Nwosu used the ocassion to pray  to God Almighty to grant all his guests journey mercies and more importantly  lead them safely  to their various destinations.
Other speakers, including Chief Murphy, Nwadioranma, and Chief Ezeomeogo, condoled with the family and encouraged them to uphold the late chief’s legacy.
Online Poster by — October 27, 2025 in News
Anambra Traders, Imolites Endorse Ukachukwu 

By Nnedinma Michael
 
Prince Nicholas Ukachukwu, the All Progressives Congress (APC) Governorship Candidate in Anambra State, has secured the endorsement of traders from the state’s 76 markets.
 The traders, who signed a Memorandum of Understanding (MoU) with Ukachukwu, expressed their support for his candidacy and pledged to vote for him in the November 8 election.
 Ukachukwu made pledges of restoration of security, 24-hour daily power supply and awarding of scholarships to indegent Anambra people.
He equally promised to address excruciating and multiple of taxation, improvement of poor road networks and eradcation of touts, even as he assured the traders of his commitment to addressing their concerns and improving the lives of Anambra citizens.
He also promised to tap the Omasi gas deposit in Ayamelum Council Area to benefit the citizens and provide stable qualitative energy and security.
 Additionally, the Imolites, a group of people from Imo State living in Anambra, have also pledged their support for Ukachukwu, citing their desire for improved security and governance.
Online Poster by — October 27, 2025 in News
Polaris Bank Supports SMEs Growth With Launch Of ‘EveryDay Supermarket’

Polaris Bank restates support for SMEs growth in Nigeria with launch of 'EveryDay supermarket' Yenagoa branch - News On The Move OnlineBy Winifred Bosa
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.
Online Poster by — October 27, 2025 in Capital Market
NAFDAC Rolls Out Strategy , Roadmap For Trans-Fatty Acid Regulation

By Winifred Bosa
The National Agency for Food and Drug Administration and Control NAFDAC has launched the Strategy and Roadmap for Trans-Fatty Acid (TFA) Regulation in Nigeria.
This reaffirms her commitment to safeguarding public health by eliminating a dangerous dietary risk linked to heart disease, stroke, and premature death.
According to a press release by
Resident Media Consultant NAFDAC, Sayo Akintola ,the Director-General of NAFDAC, Prof. Mojisola Adeyeye, highlighted that Nigeria has already taken bold steps, including setting regulatory limits of no more than 2 grams of industrially produced trans fat per 100 grams of total fat or oil. In recognition of this effort, Nigeria was named by WHO in 2023 as one of seven countries that had adopted best-practice TFA elimination policies.
The newly launched roadmap outlines a phased approach focused on industry reformulation, laboratory strengthening, compliance monitoring, public education, and cross-sector collaboration. With support from partners such as Resolve to Save Lives, WHO, and other stakeholders, NAFDAC has also expanded its laboratory capacity to analyse TFAs, marking significant progress toward full implementation.
Prof. Adeyeye called on government agencies, industry, civil society, and consumers to work together to achieve WHO validation of Nigerias programme. Eliminating industrially produced trans fats is possible, achievable, and urgent.
With this roadmap, Nigeria is determined to protect the health of its citizens and secure a food supply free from the dangers of trans-fatty acids, she affirmed.
Online Poster by — October 27, 2025 in Health
Access Holdings Reports ₦2.5 Trillion Gross Earnings In H1 2025

Access Holdings Reports ₦2.5 Trillion Gross Earnings In H1 2025 | The Revealer

 

 

Access Holdings Plc (“the Group” or “the Company”) today 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.

 

Online Poster by — October 27, 2025 in Capital Market