Author: Prima News

Zenith Bank Plc has spent 2026 collecting the kind of hardware that separates a good regional lender from a genuine African champion.Fresh off a sweep of Euromoney’s most coveted awards, a completed acquisition in Kenya, a newly opened subsidiary in Francophone West Africa, and plans for a London Stock Exchange listing in 2027, Nigeria’s most profitable bank is now making the case that it is also the best-run one.A close read of its unaudited first-quarter 2026 financial statements — its net interest income, fee income, capital buffers and loan book all expanding faster than the industry average — backs that…

Vitafoam Nigeria Plc delivered a strong financial performance for the nine months ended June 30, 2026 with revenue and profit rising sharply as improved operating efficiency and lower finance costs strengthened earnings despite higher operating expenses. According to the company’s unaudited consolidated financial statements, group revenue increased by 7.5 percent to N91.21 billion, compared with N84.87 billion recorded in the corresponding period of 2025. The increase in sales was accompanied by improved profitability as gross profit rose 17.7 percent to N33.16 billion from N28.17 billion a year earlier. The company also recorded higher gains from other operating activities with other…

Italy says it is suspending the European Union’s border-free Schengen arrangements with Spain for one month.  This move is in response to the mass influx of 60,000 migrants into the Spanish enclave of Ceuta from neighbouring Morocco. This implies that travellers from Spain would have to present a valid passport when entering Rome by air or sea, instead of benefiting from the usual passport-free travel under the Schengen Agreement. Italy’s Prime Minister Giorgia Meloni said the measure was adopted to safeguard national security and prevent  “possible repercussions on our nations.” “The measure will be kept in force only for the time…

Operatives of the Kwara State Police Command have arrested 16 suspects for various alleged crimes ranging from conspiracy, kidnapping, aiding and abetting kidnapping, and attempted murder. Among the suspects are three minors identified as Ali Umaru, 16; Alhaji Mosu, 17; and Abacha Babagana, 14, who were arrested for unlawful possession of property suspected to have been stolen. At a press conference in Ilorin on Friday, the State Commissioner of Police, Adekimi Ojo, disclosed that items recovered from the suspects included nine cartons of i17 Air Flip mobile phones, 10 cartons of i17 Air Pro Flip mobile phones, four Oraimo, New Age…

VALENCIA, SPAIN – MAY 23: Marcus Rashford of FC Barcelona looks on during the LaLiga EA Sports match between Valencia CF and FC Barcelona at Estadi de Mestalla on May 23, 2026 in Valencia, Spain. (Photo by Aitor Alcalde Colomer/Getty Images) Marcus Rashford has officially said goodbye to Barcelona following the end of his season-long loan. He thanked the club, his teammates and supporters for what he described as an unforgettable experience. The England forward is set to return to Manchester United for pre-season after Barcelona decided not to activate the option to make his stay permanent. In a heartfelt…

Reports from the ground point to widespread damage to homes and civilian buildings, with search and rescue teams moving quickly to reach destroyed structures. The strikes killed at least a dozen people and injured more than 100.“The attacks were getting worse,” said Kyiv resident Maryna, who sought shelter with her children overnight in a metro station with many others after warnings of another attack. “I want to be in my own bed, with my own toys,” her six-year-old daughter, Milana, said.Condemning the strikes, UN Secretary-General António Guterres called for de-escalation and a ceasefire.“Any attacks against civilians and civilian infrastructure, wherever they…

If you’re wondering what dark matter is, you’re not alone. Astronomers don’t know. But they’ve determined that this invisible material must be far more abundant than the stars and nebulas that they can see. They’ve surmised as much from observing the gravitational effects of all this perplexing dark stuff, launching a decades-long campaign to understand its nature.I recently learned that it is possible to sense the presence of dark matter using a small radio telescope such as the Discovery Dish covered in these pages last year. The trick is to know what observations to collect and how to analyze them.…

Team Nigeria has maintained its position as Africa’s top-performing nation at the Glasgow 2026 Commonwealth Games following an impressive medal haul after seven days of competition. According to a post obtained from the National Sports Commission’s X handle on Friday, Nigeria has won 16 medals comprising eight gold, five silver and three bronze, placing the country fifth on the overall medal table and making it the highest-ranked African nation at the Games. The medals have come across several sporting disciplines, including Para Powerlifting, Weightlifting, Athletics, Boxing and 3×3 Basketball, as Nigerian athletes continue to deliver strong performances on the international…

Eterna Plc posted a remarkable turnaround in its half-year financial performance as strong revenue growth, improved margins and higher operating profit lifted earnings for the six months ended June 30, 2026. According to the company’s unaudited consolidated financial statements, revenue increased by 37.8 percent to N217.31 billion, compared with N157.65 billion recorded in the corresponding […] The post Eterna Plc Reports N5.88 Billion H1 Profit as Revenue Surges 38% appeared first on Investors King. Source link

File image. By Prince Osuagwu & Nkiruka Nnorom South Africa’s  Consul General to Nigeria, Prof Bobby Moroe, yesterday, announced that over 80 persons in connection to the Afrophobia attacks that happened in South Africa recently, have been arrested. Read Also: South Africa’s Ramaphosa calls for African action on migration This is even as the African Union Executive Council has declined to take up Ghana’s request to place violence against African migrants in South Africa on the agenda for its October Summit after Pretoria argued that the matter belonged in a broader forum. Moroe made the revelation at Eko Hotels and Suites, Victoria Island, Lagos, during a breakfast forum of the Nigeria-South Africa Chamber of Commerce,…