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    Home»Author: Prima News (Page 126)

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    UAC Of Nigeria Reports Revenue Surge But Profit Declines Amid Rising Finance Costs

    By Prima NewsApril 1, 2026

    UAC of Nigeria Plc reported a strong revenue performance for the year ended December 31, 2025, but posted a decline in profit after tax as rising finance costs weighed on earnings. Revenue grew by 73 percent to ₦340.47 billion, up from ₦196.90 billion recorded in 2024 on the back of improved performance across its business segments and stronger topline expansion. Operating profit increased by 51 percent to ₦28.50 billion from ₦18.87 billion, indicating improved operational efficiency and cost management at the core business level. However, the company recorded a sharp reversal in net finance position, posting a net finance cost…

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    CSLS trains rangers to champion compliance with criminal justice laws

    By Prima NewsApril 1, 2026

    The Centre for Social-Legal Studies (CSLS) on Tuesday organised a capacity-building training for rangers tasked with championing the reform of the Nigerian criminal justice system. The participants are to see to the efficient implementation of the provisions of the Administration of Criminal Justice Act (ACJA) in federal courts and the Administration of Criminal Justice Laws (ACJLs) of various states of the federation. Emphasising the importance of the workshop, the President of the CSLS, Yemi Akinseye-George, noted that the centre was concerned with “raising a new generation of young Nigerians and lawyers who will continue to advance the campaign for a…

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    The hidden cost of delayed Lassa Fever detection in Nigeria

    By Prima NewsApril 1, 2026

    When Musa fell ill in Bauchi State earlier this year, his symptoms seemed routine—fever, headache, and stomach pain. In a statement shared with journalists, Doctors Without Borders, MSF, said he was treated for malaria at a private clinic and discharged after five days. But his condition worsened. “They could not understand what I was suffering from,” he said. Days later, a community outreach team referred him to the Lassa Fever Treatment Centre at the Abubakar Tafawa Balewa University Teaching Hospital, where he was diagnosed with Lassa fever—by then in a severe condition. “I thought I would not survive,” he added.…

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    Brazilian winger wants to join Arsenal this summer

    By Prima NewsApril 1, 2026

    News » Premier League news » Arsenal newsMarch 31, 2026 20:55 GMT (UK), by Sri Aswin Henrique on Arsenal Zenit St Petersburg winger Luiz Henrique has opened the door to joining Arsenal during the summer transfer window. The Brazilian has been a key player for the Russian giants, but he is expected to head for a bigger challenge after the World Cup.Henrique is expected to board the plane to North America this summer and has his sights on joining the Gunners thereafter.In an interview with Flashscore, he said: “I really like Arsenal and the way they play. They are very aggressive and they play…

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    In Haiti’s storm-hit south, food vouchers restore choice and dignity for families

    By Prima NewsMarch 31, 2026

    Ketia and her husband are both teachers. Before Hurricane Melissa swept through the Caribbean this past October, they were able to support their three children. However, when, the storm struck, their coastal community of Petit Goâve was among the most affected.  “I lost everything I owned: my furniture, my car, everything I had in my home,” lamented Ketia.Ketia and her family are among approximately 225,000 people receiving assistance from the UN World Food Programme (WFP) in the wake of the storm. She is receiving assistance from a voucher system which allows families to purchase goods from selected retailers – a…

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    Kenyan AI startup builds dialect model but faces proof test

    By Prima NewsMarch 31, 2026

    In a university hostel in Nairobi, a 19-year-old founder has assembled what he describes as a full-stack artificial intelligence company, featuring a large language model (LLM) trained on Kenyan dialects, a voice agent already handling customer queries at a savings and credit cooperative (SACCO), and a prompt tool aimed at everyday users. The company, Map Maven GMB, founded in 2025, claims it is worth millions, based on a formal valuation that leans on projected revenue growth in an expanding AI market. The pitch lands at a moment when global AI systems still struggle with many African languages, particularly those with…

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    GTCO Reports ₦1.23 Trillion Profit Before Tax in 2025 Financial Results

    By Prima NewsMarch 31, 2026

    GTCO has reported ₦1.23 trillion Profit Before Tax in 2025 Financial Results. NewsOnline Nigeria reports that Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements for the year ended December 31, 2025, reporting strong earnings growth despite fiscal policy adjustments affecting investment securities. The financial services group disclosed the results to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE). According to the report, the Group recorded profit before tax of ₦1.23 trillion, driven largely by growth in core earnings. Interest income rose by 23.2 percent year-on-year, while fee income increased by…

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    $40 Smartphones May Strain Nigeria’s Network Capacity Despite Rising Connectivity Push

    By Prima NewsMarch 31, 2026

    A new initiative by the GSMA and the Handset Affordability Coalition to introduce $40 4G smartphones across Africa is expected to accelerate digital inclusion, but emerging data suggests that network infrastructure, particularly in Nigeria, may not be fully prepared to support the anticipated surge in demand. The initiative, unveiled at the Mobile World Congress 2026 in Lyon, France, aims to connect millions of underserved users. However, performance data released by nPerf for 2025 highlights structural limitations in mobile network capacity across key African markets, including Nigeria, Congo and Ethiopia. Nigeria recorded an average download speed of 9.97 Mbps, placing it…

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    Lagos Police withdraws task force unit from traffic duties

    By Prima NewsMarch 31, 2026

    By Efe Onodjae The Lagos State Police Command has ordered the immediate withdrawal of the Lagos State Environmental Sanitation and Special Offences Unit from all traffic control and traffic violation enforcement across the state. The directive, issued by the Commissioner of Police, CP Tijani Fatai, was announced in a statement on Tuesday by the Police Public Relations Officer, SP Abimbola Adebisi. According to the statement, the decision forms part of ongoing efforts by the command to streamline traffic management operations, ensure accountability, and promote professionalism among agencies involved in enforcement duties.The police clarified that while the Taskforce has been relieved…

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    UN warns Israel against new death penalty law

    By Prima NewsMarch 31, 2026

    The United Nations on Tuesday harshly criticised the Israeli parliament’s approval of a “cruel and discriminatory” new death penalty bill, warning that applying it in occupied Palestinian territory “would constitute a war crime”. Under the new law, passed in parliament late Monday, Palestinians in the occupied West Bank convicted by military courts of carrying out deadly attacks classified as “terrorism” will face the death penalty as a default sentence. A spokesman for UN chief Antonio Guterres said the world body stood “against the death penalty in all its aspects, wherever”. “The discriminatory nature of this particular law makes it particularly…

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    I worked as cleaner before starting content creation — MC Pamilerin

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    Oluwajoba Fagbulu, popularly known as MC Pamilerin, has over 157,000 followers on Instagram. He talks…

    A New Era of Trade & Innovation

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