Transcorp Power grows revenue by 38 per cent to N308.5 billion in Q3

Transcorp Power Plc recorded N91.2 billion profit before tax in unaudited third quarter financial results for the period ended September 30, 2025.

The company’s revenue grew by 38 per cent to N308.5 billion in 2025, compared with N223.5 billion in third quarter of 2024.

The third quarter 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.

Profit after tax rose to N68.42 billion in third quarter 2025, from N58.4 billion in third quarter 2024, representing growth of 17 per cent.

Chairman Transcorp Power Plc, Emmanuel Nnorom, said: ‘Our performance in the third quarter, building on the positive momentum in the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, despite economic challenges, supported by efficient operations strategies and prudent cost management. This sustained performance, in the face of economic headwinds will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.’

Managing Director, Transcorp Power Plc, Peter Ikenga, said: ‘The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasising our strategic approach, that ensures we deliver ever increasing value to our shareholders and stakeholders.

These results illustrate our continuous drive to improve our business operations, eliminating waste and harnessing value. We are confident of finishing the year strong in fulfillment of our mission to improving lives and transforming Africa.’

Why we are investing in Port Harcourt

Heliconia Park, a homegrown hospitality brand, has explained that it decided to keep investing in Port Harcourt, the capital of Rivers State, because of the city’s energy, commerce and culture.

Speaking at the launch of the Heliconia Park Port Harcourt Hotel and Resort at the Aba Road Estate, the Chief Executive Officer (CEO) of the park, Pasquale Fiore, described the Rivers capital city as a destination and home of excellence.

He said the company’s investment underscored its commitment to the city, its people and its future recalling that the firm started in 2022 with the opening of its Hotel in the city followed by the Lagos Luxury Apartments and Suites in 2024.

Fiore said: ‘This is not just another hotel. This is a destination and a home for excellence. Port Harcourt has long been a hub of energy, commerce, and culture, and by investing here we reaffirm our commitment to this city, its people, and its future.

Heliconia Park was founded on the belief that true luxury is welcoming, personal, and tailored, and this resort embodies that very spirit.

‘We started Heliconia Park in 2022 with the opening of its first hotel in Port Harcourt, followed by the Lagos Luxury Apartments and Suites in 2024, officially inaugurated in February 2025.

‘The launch marks a significant milestone in the brand’s growth journey in Nigeria, each chapter reflecting a vision of fine hospitality rooted in excellence, inspired by culture, and crafted with timeless standards of service’.

Also speaking, Mike Epelle, Director at Heliconia Park, said the arrival of Heliconia Park Hotel and Golf Resort was a welcome addition to Port Harcourt.

‘It reflects the city’s growing appeal as both a business and leisure hub, and we are proud to see such an investment that will not only elevate hospitality standards but also contribute to local tourism and economic growth’, he said.

Akpabio engages youths on mentorship, others

National Youth Leader of All Progressives Congress (APC), Dayo Israel, has hosted President of Senate, Godswill Akpabio, to an engaging interactive session: ‘An Evening with Senate President’ at APC Youth House in Abuja.

The event convened young leaders, professionals, and APC Youth Wing for an inspiring evening of mentorship and dialogue: ‘Legacy. Journey. Experience.’

Israel thanked the Senate president for honouring the invitation and for his commitment to youth inclusion and empowerment in the party.

He lauded Akpabio as a leader whose journey in governance inspires a new generation of emerging leaders.

‘The Senate president embodies visionary leadership. His journey from governor to minister and Senate president shows resilience, excellence, and a dedication to national service. Tonight’s engagement provided young people in our party an opportunity to learn from his experience. We will keep bridging the gap between experience and innovation, ensuring that young people remain active drivers of policy, governance, and political strategy in our party and nation,’ he said.

Akpabio shared insight from over two decades of public service. He noted importance of preparation, mentorship, and consistency in leadership, urging youths to build capacity and remain steadfast in their commitment to development.

‘The future of Nigeria rests on the energy, innovation, and determination of youths. I commend APC Youth Wing for creating a platform that bridges generations and upholds values of progress and unity in our party,’ he said.

On APC and youths, he said: ‘Dayo Israel is one of the most eloquent youth leaders Nigeria has. Youths are not just leaders of tomorrow; they are leaders of today.”

APC is a vehicle of leadership, transformation, and change. You have to be angry with your situation to be able to change it.’

On leadership, he said he joined politics to change the status quo.

‘With positive anger, genuine intention, and God on your side, you will make it in life.

One of the ways I changed the perception of Akwa Ibom indigenes being seen as only fit to serve as domestic workers was by declaring free and compulsory education for primary and secondary schools when I became Governor of Akwa Ibom State,’ he said.

He urged the youths to have faith in Nigeria and think positively about her, because what they think in their mind about the country is what will happen.

‘As a young person, you have the power to change Nigeria. If you feel discouraged about Nigeria, do something about it.The will of God for man is to progress; so, let us unite and progress.

The mind is stronger than the body, so take care of your mind. If you want to be successful, avoid the excessive pursuit of money; money cannot give you happiness or peace.

If you want to be successful as a young person, do not get entangled in inappropriate relationships with married women,’ he added.

APGA stakeholders working for Ukachukwu’s, Ekwunife’s victory, APC alleges

The All Progressives Congress (APC) has alleged that members of the All Progressives Grand Alliance (APGA) are working secretly for the victory of Prince Nicholas Ukachukwu and Senator Uche Ekwunife.

A former stalwart of APGA, Prof. Theodore Okonkwo, said the joint ticket of the duo is giving some political parties, especially his former party, APGA, serious concern.

Okonkwo, a Professor of Law specialising in Environmental, Climate Change, Biodiversity, and Maritime Law, hails from Ezenaja Village, Oraukwu, in Idemili North Local Government Area. He had been a member of APGA since 2011 until a few weeks ago when he joined the APC.

Speaking with The Nation on his defection, Okonkwo said APGA, once a vibrant movement founded on the principle of brotherhood, had lost its moral compass.

‘The truth is that APGA has been hijacked. Their slogan, ‘Onye Aghana Nwanneya’ (Be Your Brother’s Keeper), no longer holds. The party is now filled with injustice, fake promises, and a broken reward system.’

He further alleged that numerous APGA members are quietly working for Prince Ukachukwu’s impending victory.

‘Many stakeholders in APGA have sympathy for Ukachukwu. They are working underground but can’t say it openly,’ he said.

Okonkwo declared that his decision to join the APC was divinely inspired. ‘It was not about inducement or persuasion. It was a spiritual revelation,’ he said.

He criticised the Soludo administration, saying it had failed to deliver on its promises. The APC chieftain added, ‘We were excited when Soludo came with the slogan, ‘I will fix it, even if it is not broken.’ But now, it is broken into pieces.

‘The governor’s promises do not match the realities on the ground. What happened to the ecological funds? My hometown, Oraukwu, is ravaged by erosion, yet nothing serious has been done.’

Popular clergyman Uma Ukpai dies at 80

Popular preacher and founder of the Uma Ukpai Evangelistic Association, Dr. Uma Ukpai, has died.

He was 80.

Born in Asaga, Ohafia, Abia State, Ukpai rose from humble beginnings, overcoming early challenges to answer the divine call that later defined his life and impacted generations.

Through decades of evangelical work, he became a household name in Nigeria’s Pentecostal movement, renowned for his fiery preaching and mass crusades that drew hundreds of thousands.

A statement announcing his passing by his family said the cleric died on October 6.

The statement reads: ‘With hearts full of gratitude, we celebrate the triumphant home-going of Rev. Dr. Uma Ukpai. He was a spiritual general known for evangelism, a founding father of faith, a loving husband, devoted father, and mentor to many.

‘While we mourn his physical absence, we rejoice that he has finished his race and is now resting in eternal praise.’

The statement said details of his obsequies would be announced by the family in due course.

He is survived by a wife, children, and a global community of followers.

Also, President Bola Ahmed Tinubu has paid a glowing tribute to the late Dr. Ukpai.

The President described the revered preacher as ‘one of God’s generals’ whose life and ministry brought revival, peace, and humanitarian service to Nigeria and beyond.

In a tribute yesterday in Abuja, President Tinubu noted that the passing of Dr. Ukpai, founder of the Uma Ukpai Evangelistic Association and co-founder of the Pentecostal Fellowship of Nigeria (PFN), marked the end of a glorious chapter in Nigeria’s Christian history.

‘With a heavy heart, I mourn the passing of one of God’s generals, Dr. Uma Ukpai. Reverend Ukpai was not just another preacher; he was an anointed crusader of the faith, filled with fire and ice for the gospel and restoring humanity to discipline, love, and good neighbourliness,’ the President said.

President Tinubu recalled some of Ukpai’s historic crusades, including the Greater Ibadan for Christ crusade in 1982 and the Greater Lagos for Christ crusade in 1985, describing them as ‘phenomenal events in proportion and impact’ that fueled the wave of spiritual revival across Nigeria and parts of Africa in the 1980s.

‘Dr. Ukpai’s mission was clearly to unite the Christian fold and different faiths, and to spread peace and harmony. He was a builder-building men and bridges linking different faiths, people, tongues, and tribes,’ the President noted.

Beyond the pulpit, the President lauded Ukpai’s humanitarian works, including the establishment of schools, hospitals, and charities to serve the underprivileged.

‘Dr. Ukpai has fulfilled his divine mission and has gone to be with the Lord. He fought the good fight, finished the race, and kept the faith,’ the President added.

President Tinubu extended his condolences to the deceased’s wife, Pastor Philomena Uma Ukpai, their children, and members of the Uma Ukpai Evangelistic Association, urging them to find comfort in the preacher’s enduring legacy of faith and service.

‘May God Almighty grant him eternal rest,’ the President prayed.

Also, the Christian Association of Nigeria (CAN) described the late Uma Ukpai as a renowned evangelist, teacher, and servant of God.

A statement by its President, Archbishop Daniel Okoh, said: ‘The Christian Association of Nigeria (CAN) has received with sadness the news of the passing of Reverend Dr Uma Ukpai, a renowned evangelist, teacher, and servant of God, who went to be with the Lord on 6 October 2025 at the age of 80.

‘Through crusades, teachings, and acts of charity, he devoted his life to preaching the gospel, nurturing faith, and advancing the cause of Christ across denominations and regions.

‘His unwavering commitment to the work of God and his passion for the salvation of souls left an enduring mark on the Christian community in Nigeria and beyond. Generations of believers have been inspired by his message of faith, healing, and hope in Christ Jesus.

‘On behalf of the leadership and members of the Christian Association of Nigeria, we extend our heartfelt condolences to his wife, Reverend Dr (Mrs) Philomena Uma Ukpai, the entire Ukpai family, the Uma Ukpai Evangelistic Association, and the Christian community in Nigeria and abroad who have been touched by his ministry.

‘We pray that the Almighty God will comfort the family and grant them the strength to bear this great loss. May the legacy of his faith and service continue to inspire the Church and the nation. May his soul rest in perfect peace.’

Also, Anambra State Governor Chukwuma Soludo expressed sorrow over Dr. Ukpai’s passing.

In a condolence message by his Press Secretary, Christian Aburime, the governor described the death of the legendary preacher, renowned evangelist as a monumental loss to Nigeria, and the entire body of Christ worldwide.

‘Rev. Dr. Ukpai was not just a preacher; he was a pivotal institution in Christian evangelism, national uprightness, and the Nigerian Pentecostal movement.

‘For decades, his powerful voice echoed across continents, bringing salvation, healing, and hope to millions of people.

‘The story of modern Christianity in Nigeria and across Africa cannot be complete without the indelible impact of Rev. Ukpai, through his crusades, theological teachings and establishment of the Uma Ukpai Evangelistic Association dedicated to winning souls for Christ.’

Alleged $1m fraud: Ajudua seeks bail

Alleged fraudster and businessman, Fred Ajudua has approached an Ikeja Special Offences Court for a fresh bail in the alleged $1,043,000 fraud charge brought against him by the Economic and Financial Crimes Commission (EFCC).

Ajudua filed fresh bail application before Justice Mojisola Dada last Friday having lost the bid for some reliefs at the Supreme Court on May 9.

Ajudua has been arraigned for defrauding a Palestinian national, Zad Abu Zalaf, of $1,043,000 under false pretenses.

Ajudua told the court through his counsel, Olalekan Ojo (SAN) that he had filed a notice of withdrawal of his application seeking certain reliefs at the Supreme Court to pave way for the high court to rule on the bail application.

Ojo said: ‘We decided to withdraw the motion we filed at the Supreme Court to allow this Honourable Court to deliver its ruling on the bail application’.

The defense counsel also submitted an affidavit and a copy of the notice of withdrawal to the court.

Ojo noted that although his client is battling chronic kidney disease and severe hypertension, he insisted on appearing in court in order to comply with his legal undertakings.

He urged the court to proceed with its ruling on the bail application.

But the EFCC opposed the move.

The commission’s prosecuting counsel, Seidu Atteh told Justice Mojisola Dada that Ajudua’s application at the Supreme Court remains on the cause list and there was a need to await the pronouncement of that court on its withdrawal.

Atteh said, ‘the defendant will need to produce the order of the Supreme Court either dismissing or striking out the notice of withdrawal.

‘We urge the trial court to await the decision of the Supreme Court’.

In her ruling, Justice Dada agreed with the prosecution.

The judge said, ‘this court being a court of record must be satisfied that the notice of withdrawal is before the Supreme Court and same must be considered with the outcome filed in this court.’

Following the bail arguments, the court proceeded with the trial.

The third prosecution witness, Afanda Bashir Emmanuel, an investigator with the Economic and Financial Crimes Commission (EFCC), was cross-examined by the defence.

During cross-examination, Afanda testified that he joined the EFCC in 2009 and met Ajudua shortly after the defendant’s case file was transferred from the Nigerian Police Force’s Special Fraud Unit to the EFCC’s Advance Fee Fraud Section.

According to the witness, the EFCC in the course of its investigations into the matter, reached out to multiple institutions, including the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and even the Commission’s forensic lab.

The witness also confirmed interviewing the nominal complainant, Zad Abu Zalaf, and another individual, Mr. Michel Opkema.

He said he visited Ajudua at the Kirikiri Maximum Security Prison and had documented proof of the visit. He added that the statements Ajudua gave to the police formed part of the EFCC’s investigation report.

The witness however noted that the EFFC did not take any statements from the defendant on the issue.

Cross examination was halted briefly after the defendant took a toilet break.

On his return, he complained to his counsel, that he has noticed blood coming out his body while he tried to use the restroom.

The defense counsel subsequently sought for an adjournment to enable his client attend to his health.

Justice Dada subsequently adjourned the trial to October 31, 2025 for continuation of cross examination.

Ajudua is currently facing trial for allegedly defrauding a Palestinian national, Zad Abu Zalaf, of $1,043,000 under false pretenses.

Pitch Invasion: NPFL sledge hammer falls on Kano Pillars

The Nigeria Premier Football League (NPFL) has imposed severe sanctions on Kano Pillars following the unruly behaviour of their supporters during Sunday’s Matchday 8 home fixture against Shooting Stars at the Sani Abacha Stadium, Kano.

According to the Summary Jurisdiction Notice (Form 16) issued yesterday and signed by the league body’s Chief Operating Officer, Davidson Owumi, the four-time NPFL champions were found guilty of multiple breaches of league rules, including failure to provide adequate security, harassment and assault of match officials and visiting players, and general misconduct capable of bringing the game to disrepute.

Consequently, the NPFL fined Kano Pillars a total of ?9.5 million for various infractions – ?1 million each for poor security, throwing of objects, and supporters’ misconduct; ?1 million for bringing the game into disrepute; ?2 million for assault on Shooting Stars’ players and match officials; another ?2 million as compensation for treatment and damages to the victims; and ?1.5 million as compensatory damages to match officials.

In addition to the financial penalties, the league body deducted three points and three goals from Kano Pillars’ accrued tally and ordered the indefinite closure of the Sani Abacha Stadium, forcing the club to play their home matches in Katsina until they can guarantee improved security and fan control.

Kano Pillars have 48 hours to either accept the summary sanctions or elect to face a disciplinary panel.

Meanwhile, the NPFL in a separate letter to the NFF Match Officials Appointment Committee has requested a review of performance and stepping down of centre referee, Mohammed B Tuta of Adamawa State referees council and the assistant referees, Bem Japhet (Benue) and Shehu Isah (Adamawa).

For the match between Nasarawa United and Rangers, the NPFL are also requesting for the review of performance of centre referee Ikechukwu Taiwo of the Rivers State Referees Council and his assistant, Usman Opeyemi Edward from Osun State.

Youngsters upset veterans as ITTF-Africa Championships gear up in Tunis

Youth triumphed over experience at the ongoing ITTF-Africa Championships in Tunis, Tunisia, as teenage debutants stunned seasoned veterans in the second round of the singles events, signalling a generational shift at the continental showpiece.

Veterans such as Monday Olabiyi and Farouk Salifou of the Benin Republic, Amgad Mahrous of Sudan, and Simon Ebode of Cameroon have all bowed out of the Men’s Singles competition.

Olabiyi was swept aside 4-0 by Tunisian teenager Youssef Aidli, Mahrous fell by the same margin to Uganda’s Jonathan Senyonga, while Salifou suffered a 4-0 defeat at the hands of Nigeria’s Abdulbasit Abdulfatai.

A similar storyline unfolded in the Women’s Singles, where youthful energy, again, outshone veteran experience.

Nigeria’s Aishat Rabiu ousted Ghana’s Bernice Borquaye, while Algeria’s Houda Taguercifi sent experienced Angolan star Ruth Tavares packing. Fourteen-year-old Tunisian prodigy Ela Saidi stunned Rwanda’s Ruth Mihindu, and Algerian twins Tania and Jade Morice, both 15, made a dazzling debut by defeating South Africa’s Danisha Patel and Congo Brazzaville’s Thomie Mossemba 4-0 respectively.

However, top contenders like Egypt’s Omar Assar, Youssef Abdelaziz, Mohamed El-Beili, and rising star Mostafa Badr, established stars of the game like Nigeria’s Olajide Omotayo; Algeria’s Mehdi Bouloussa; Benin Republic’s Abdel-Kader Salifou; and Tunisia’s own Wassim Essid all cruised through their matches to secure spots in the third round of the Men’s Singles.

As the tournament heads into a decisive phase today, October 14, the singles events will intensify, separating the contenders from the pretenders in the race to crown the 2025 champions in Tunis.

Meanwhile, Cameroon’s Ylane Batix is hoping to go beyond the round of 32 in the Men’s Singles in Tunis.

But the 19-year-old Cameroonian signalled a shift in momentum earlier this year when he reached the semifinals of the 2025 ITTF Africa Cup.

Now, Batix believes the time has come to stake his claim among Africa’s elite table tennis players.

Despite only resuming training a week ago following a wrist injury, Batix remains confident in his ability to reach the semifinals at the ongoing tournament in the coastal city of Tunis.

‘Since my first appearance at the ITTF Africa Championships, I’ve never gone past the second round. I’ve also been unlucky with the draw, facing top seeds right from the start. In 2021, I played Quadri Aruna in the first round in Yaoundé, Cameroon. In 2023, I lost in the round of 32 to Bode Abiodun, and the same happened in 2024 in Ethiopia. But this year, I’m fully prepared to break into the top four here in Tunis. It’s tough, but I’m ready to fight for it,’ he said.

Batix has competed in several high-level tournaments this year, including the Europe Smash in Sweden, and he believes the experience gained will serve him well in Tunis.

Why I believe in polygamy – Comedian Alibaba

Comedian Alibaba has explained he believes in polygamy because it offers practical and cultural benefits.

In an interview with Nedu, he stated that having multiple wives can stabilise relationships by fostering cooperation among them as the presence of another wife discourages misbehaviour.

He said: ‘Some people feel if it’s only one wife, you may not be able to control the wife. But if the wife knows that you have more than one, she will calm down. She will calm down because she knows that if she misbehaves, another person is available’.

Drawing from historical practices, Alibaba cited examples from Ibadan where women encouraged their husbands to marry additional wives to prevent infidelity and maintain family unity.

‘So there are different reasons for polygamy. I actually know of a woman in Ibadan who encouraged her husband to be polygamist. Most of them back then, I don’t know who wants to doubt this, the women marry a young girl and gift it to the husband. And they do that because they don’t want the man to have concubines,’ he added.

He also described traditional customs where widows with young children were married to a brother-in-law to ensure care, presenting this as a form of polygamy rooted in familial responsibility.

‘You have families where when the brother that married the woman dies, and she’s either just a new wife or she has just two children, and they need the children to be taken care of and you don’t want her to go to another family.

‘They call all the brothers and say, which of you can take over this girl and take care of her? So if the man already had a wife, that’s the cause of polygamy. And as much as people try to say it is not right, like in your introduction, there are people who say no, it’s not right. The same person would have about like three, four, five children,’ he said.

While acknowledging differing views, Alibaba stood firm in his support for polygamy, emphasising its role in certain social contexts.

D-Day in Uyo: World Cup 2026 to be or not for Super Eagles

The battle lines are drawn and for the Super Eagles, it is a case of to be or not to be as the race for a place at the 2026 FIFA World Cup reaches defining moment today in what is tagged ‘battle of Uyo.’

With one final matchday to play, the three-time African champions must produce a statement performance against the Cheetahs of Benin Republic to keep their hopes of reaching the global showpiece alive.

The stakes could not be higher. Group C leaders Benin Republic, sitting on 17 points, know that victory in Uyo will seal their first-ever ticket to the World Cup. But Nigeria now third in the group are determined to avoid the unwanted history of missing back-to-back tournaments, having failed to qualify for the 2022 edition in Qatar.

Head coach Eric Sekou Chelle expressed optimism and determination ahead of Tuesday’s showdown at the Godswill Akpabio International Stadium, promising a strong response from his players.

‘We will give everything we have to secure a decent win over Benin and hope for favour from Nelspruit,’ Chelle said, referring to the concurrent fixture between South Africa and Rwanda that could decide the group’s fate.

Despite their surprising third-place position, Nigeria remain the only team among the three contenders – Benin Republic, South Africa and Nigeria to have lost just one match throughout the campaign. South Africa, currently on 15 points, will host Rwanda in Mbombela, needing a victory to secure their own qualification hopes.

For Benin Republic, led by former Super Eagles coach Gernot Rohr, the campaign has been historic. The Cheetahs’ 17 points and two-point cushion at the top mean even a draw could be enough, provided South Africa do not record a comprehensive win over Rwanda. Rohr’s side has already defied expectations, showcasing grit and discipline across the qualifiers.

In contrast, the Super Eagles are chasing their seventh World Cup appearance. Since debuting in 1994, Nigeria have reached the Round of 16 on three occasions and remain one of Africa’s most consistent forces on the world stage. Captain William Troost-Ekong and midfielder Alex Iwobi, who both featured at the 2018 World Cup in Russia, are eager for a return to the global arena.

Ekong, who was named Man of the Competition at the 2023 Africa Cup of Nations, will earn his 83rd international cap on Tuesday, while Iwobi will mark his 89th appearance. For several others, including Victor Osimhen, Ademola Lookman, Samuel Chukwueze, and Calvin Bassey, this represents their first real opportunity to step onto football’s biggest stage.

A win for Nigeria by two or more goals, coupled with South Africa’s failure to defeat Rwanda will see the Super Eagles secure automatic qualification for the expanded 48-team tournament set to take place in the United States, Canada, and Mexico next summer.

However, both sides head into the game with key absentees. Nigeria will be without Ademola Lookman, Ola Aina, and Bright Osayi-Samuel, while Benin Republic will miss defender Yohan Roche and midfielder Sessi d’Almeida due to suspensions.

The Cheetahs, who have appeared in just four Africa Cup of Nations finals, will rely on their home-grown passion and the tactical nous of Rohr. Nigeria, on the other hand, boast a far richer pedigree. Three AFCON titles, five runner-up finishes, and eight third-place medals will lean on their experience and talent depth to keep their dreams alive.

Beyond the pitch, the stakes transcend footballing rivalry. For Benin’s 11.5 million people, this is a moment of history. For Nigeria’s 220 million, it is a matter of pride, expectation, and redemption.

As the whistle blows in Uyo and Mbombela simultaneously today, Africa’s attention will turn to one question that has lingered for months – Super Eagles to be or not to be at the 2026 World Cup?