NAHCO unveils luxury hotel at Lagos airport

Murtala Muhammed International Airport, LagosThe Nigerian Aviation Handling Company Plc has deepened its diversification drive with the launch of a 20-room luxury airport hotel at the Murtala Muhammed International Airport, Lagos. The move underscores its transition from a traditional ground handling firm to an integrated aviation services group.

The new facility, Sapphire Hotel, located directly within the Terminal II departure area, comes as the company delivers a 2025 financial performance that saw its profit rise 40 per cent to N18bn.

The company’s unaudited results for the year ended 31 December 2025, released on the Nigerian Exchange, showed that revenue increased 21.8 per cent from N53.54bn in 2024 to N65.21bn in 2025. Gross profit climbed to N38.61bn from N33.08bn, while operating profit rose 25 per cent to N24.84bn.

Profit before tax grew 30 per cent to N24.26bn, compared to N18.70bn in the previous year. After-tax profit rose 39.91 per cent to N17.99bn from N12.87bn, pushing earnings per share up 40 per cent from N6.60 to N9.24.

The performance, achieved despite inflationary pressures, reflects improved operational efficiency and cost management, with administrative expenses largely flat at N13.89bn.

Speaking at the hotel launch, NAHCO’s Group Executive Director, Commercial and Business Development, Prince Saheed Lasisi, described the hotel as a strategic expansion of the company’s footprint within the aviation value chain.

He said the project, operated by NAHCO Travel and Hospitality Limited, represents a deliberate move to build a comprehensive travel ecosystem beyond ground handling.

“As one of Nigeria’s most reliable travel management organisations, NAHCO continues to position itself as a trusted partner for hassle-free movement. We guarantee that the guest experience at Sapphire Hotel will be second to none in the country,” Lasisi said.

According to him, the hotel was designed to provide premium comfort for international travellers, transit passengers on layovers and business executives, offering round‑the‑clock services just steps away from check‑in and boarding gates.

The Chief Executive Officer of NAHCO Travel and Hospitality Limited, Ms Ruky Ogbetuo, said the facility features high‑end furnished rooms, an on‑site business office, a workout area, laundry services and complimentary breakfast, alongside diverse lunch and dinner options.

She added that the hotel’s proximity to the 127‑seat Sapphire Lounge, which includes a VVIP section and a dedicated prayer area, enhances its appeal to premium passengers seeking convenience and exclusivity.

Industry stakeholders who attended the launch, including officials of the Federal Airports Authority of Nigeria and representatives of international airlines, described the initiative as a significant private‑sector investment within Nigeria’s airport infrastructure.

Analysts say the move could strengthen NAHCO’s non‑aeronautical revenue stream and improve earnings stability.

Electoral Act: Nigeria not ready for real-time electronic transmission – INEC ex-National Commissioner

Former Commissioner of the Independent National Electoral Commission, INEC, Dr Mustapha Lecky, says Nigeria is not technically ready for real-time electronic transmission of election results.

Lecky said this on Friday when he featured in an interview on Channels Television’s Politics Today.

His remark comes amid the ongoing debate on the rejection of e-transmission of election results by the Senate.

DAILY POST reports that the Senate on Wednesday reportedly turned down a proposed change to Clause 60, sub-section 3 of the Electoral Act Amendment Bill that sought to make electronic transmission of election results compulsory.

Reacting, Dr Lecky said, “It doesn’t really make sense to me that we should be talking about instantaneous transmission of results live as it is happening because we don’t do electronic voting anywhere. Nigeria is not yet ready for that.

“You have to think about those things. Those things must go together. It’s not electronic voting. When we are doing electronic voting, then it can be instantaneous, right?

“So if we are not doing that, people are still coming with papers to put on the ballot box.

“And then you have to count there for everybody to see, one by one, separate them according to the political party, the argument is baseless. We don’t need electronic transmission of election results,” he said.

Lack of transparency in election bane of Nigeria’s democracy – Don

A Professor of Communications at Baze University, Abiodun Adeniyi, has suggested why Nigeria’s elections are always shrouded in dispute.

Speaking during an interview on Arise Television’s ‘Prime Time’ on Friday, Adeniyi said elections are always contested and disputed because there is no transparency.

He added that the bane of Nigeria’s democracy was elections, stressing that to grow the nation’s democracy, every hand must be on deck to make elections credible.

“Obviously no one benefits because often times, we celebrate the longevity and the fact that democracy has stayed 26 years.

“But I’ve also highlighted the fact that the bane of our democracy is election, electioneering, the fact that we are so vociferous about it, always contested, always disputed, and it is disputed because there is no transparency. It’s often we find it difficult to conduct free, fair, credible and transparent election.

“The major problem we have identified, and we have also said that to grow a democracy, to consolidate it, to make it much more imbued with integrity, we need to do everything possible to make it open, transparent, credible, and one way to do this is the ramping up of technology into the process.

“So whenever citizens see anything that appears to deviate from that trajectory, it becomes very concerning, and that’s why the communication that came out from the Senate was very disturbing, until we started having some kind of problems with semantic and people started wondering that, is it a matter of inappropriate communication, miscommunication and such other things. As we speak now, I think they see a bit of confusion,” he said.

Abia lawmaker cries out as gunmen kill two in constituency, steal motorcycle

The lawmaker representing Isuikwuato constituency in the Abia State House of Assembly, Lucky Udoka Nweke Johnson,  has expressed sadness following the killing of a 35-year-old man, Uche Simon by unknown gunmen.

Johnson, who  raised a  matter of urgent public importance on the floor of Abia State House of Assembly during plenary session, also said that the motorcycle belonging to the victim was stolen by his attackers.

He noted  that the incident happened on January 28, 2026 when his constituent, Uche Simon was returning home with his motorcycle.

The lawmaker also said that  on January 29, 2026, one  Awba Abdulsalam, a 19-year-old motor boy, was also  shot  dead  by gunmen, at Nnunya junction, also in  Isuikwuato.

While confirming that the Police and the Vigilante were working round the clock to arrest those responsible for the crimes, Johnson called for a collaboration between security agencies in Abia and Imo States, particularly around Okigwe zone to address insecurity, and for effective intelligence sharing.

He called for the dismantling of informal settlements around ABSU and Uta Farm, suggesting that a similar approach used in the Lokpa cattle market should be implemented in his own area.

The Isuikwuato constituency representative, who also called for the installation of solar-powered surveillance cameras in the area, assured his constituents that he was working hard to ensure their safety.

NEDC laments death of journalists in Bauchi road accident, pledges support for victims

The North East Development Commission, NEDC, has expressed deep sympathy to the Nigeria Union of Journalists,NUJ, Bauchi State Chapter, and the Bauchi State Government over a tragic road accident that occurred on the Bauchi–Alkaleri road on Friday, February 6, 2026.

The accident, as gathered by DAILY POST, involved journalists who were accompanying an NEDC delegation during the commissioning and handover of completed projects across Bauchi State.

In a statement signed by the commission’s Head of Corporate Services, Abba Musa, the governing board, management, and staff of the Commission described the incident as heartbreaking and extended their condolences to the affected journalists, their families, and the entire journalism community.

The Commission announced that its governing board has approved the provision of full support and care for victims of the accident and their families.

It added that contacts are already being made with the respective parent organizations of the affected journalists, as well as their families, to ensure coordinated assistance.

The NEDC also joined colleagues in the media industry in praying for the quick and complete recovery of those injured in the incident.

The accident, as noticed by our reporter, came barely a few weeks after the tragic accident that occurred in the nearby Gombe State that killed not less than seven journalists and media workers.

Electoral Act: Senate’s decision sparks outrage, as experts compare action to major national disaster

The passage of the electoral act amendment bill by the senate on Thursday has drawn sharp criticism from experts, who say the rejection of real-time transmission of election results risks eroding public confidence in Nigeria’s elections.
Mahdi Shehu, a public affairs analyst has criticized the National Assembly over their decision, describing it as a grave threat to Nigeria’s democracy.

Speaking in an exclusive interview with DAILY POST, Shehu said the refusal by lawmakers to approve key electoral reforms shows a deliberate attempt to undermine the value of citizens’ votes.

“It is one assault too many. The Senators has abandoned the very reasons Nigerians elected them and have continued to take the people for granted.”

Shehu warned that by rejecting reforms such as mandatory electronic transmission of election results, the Senate was sending a dangerous message that votes may no longer count.

“When votes will not count, there is no point voting,” he stated.

Shehu likened the Senate’s action to deadly global disasters.

“The Senate’s action can be likened to HIV, Ebola and a Tsunami combined,” he said.

He added that the damage to democracy could be long-lasting.

He also accused the political system of failing to provide checks and balances, claiming that the executive, legislature and judiciary were no longer holding one another accountable.

“When the executive, judiciary and legislature, who are supposed to check each other, are actively in bed with one another, reforms become a mirage; a dream within a dream,” Shehu said.

He further alleged that the Independent National Electoral Commission (INEC) had become compromised, describing it as a convenient selection of the president.

“INEC is expected to do the bidding of the president, which is to be declared winner whether he wins or not,” he claimed.

According to him, the continued weakening of democratic institutions could push Nigerians to begin questioning the future of the country.

“Less than two million people are destroying the lives, livelihoods and commerce of over 250 million Nigerians,” he said.

Electoral act amendment is a deliberate plot for 2027 – NNPP’s Ibrahim Karaye

The New Nigeria Peoples Party (NNPP) in Kano State also described the recent amendment to the Electoral Act as a calculated political move by the ruling party to gain advantage ahead of the 2027 general elections.

Speaking in an exclusive interview with DAILY POST, the NNPP Kano State Publicity Secretary, Engr. Ibrahim Karaye, said the Senate’s decision was not accidental but a deliberate strategy to manipulate future elections.

“I see it as a deliberate political move by the ruling party. This is because the 2023 election was one of the closest contests in Nigeria’s history, with very little difference between the contestants.”

According to him, President Bola Ahmed Tinubu emerged as president with minority votes, a development he said had made the ruling party uncomfortable with a free and fair electoral process going forward.

“President Tinubu is the only president in this democratic dispensation that won the presidency with minority votes. So the ruling party is now planning to maneuver the outcome of the 2027 election in its favour.”

Karaye said the rejection of key electoral reforms, including mandatory electronic transmission of results, was aimed at weakening transparency and accountability in the electoral process.

Despite these concerns, the NNPP spokesman said the Senate’s decision would not discourage Nigerians from participating in future elections.

“I don’t think this decision will affect voter confidence or turnout. Our people are very determined to come out en masse and change their destiny, which I strongly believe is in their hands.”

He argued that Nigerians were more politically aware than ever before and understood the stakes ahead of the 2027 polls.

“This is the first time in the history of this country that almost all the resources that should be channelled towards citizens’ welfare are being diverted to fund politics and prepare for the 2027 elections,” Karaye claimed.

He also called on Nigerians to remain vigilant and actively participate in the electoral process to protect their votes.

“Every citizen should be ready to defend their electoral rights,” he said. “People must participate fully in the process and work together to block rigging and voter manipulation.”

He stressed that protecting democracy required collective effort and lawful civic engagement.

He added that citizens must not allow their votes to be taken for granted.

Governor Uba Sani briefs Tinubu on rescue of abducted Kaduna worshippers

President Bola Ahmed Tinubu on Friday received the Governor of Kaduna State, Senator Uba Sani, at the Presidential Villa, Abuja.

The meeting focused on security developments in Kaduna State.

Governor Sani briefed the President on the successful rescue of worshippers abducted from churches in the Kurmin Wali community of Kajuru Local Government Area on January 18, 2026.

According to the governor, the victims were freed through sustained joint operations carried out by state and federal security agencies, leading to their safe release over the past week.

DAILY POST recalls that the abduction occurred when gunmen stormed three churches in the community, kidnapping more than 100 worshippers and triggering widespread concern across the state.

In a related development, Governor Sani on Thursday received 183 rescued victims who regained their freedom after spending 19 days in captivity, marking a major breakthrough in the ongoing security efforts in the area.

Lagos understudies NERC to strengthen power regulation

NERCThe Lagos State Electricity Regulatory Commission has begun a process of understudying the Nigerian Electricity Regulatory Commission as part of efforts to strengthen electricity market regulation in the state.

This was disclosed in a statement released by the NERC on Friday following a courtesy visit by board members of LASERC and the Lagos State Independent System Operator to the commission.

The delegation was led by the Lagos State Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, who reaffirmed the state government’s commitment to expanding energy access and positioning LASERC as a model electricity regulator for other states.

Ogunleye explained that while LASERC is responsible for regulating the electricity market in Lagos State, the Lagos State Independent System Operator oversees the operation of trade point meters and all bulk electricity measurements to ensure that energy sold within the state is properly accounted

In separate remarks, the Chairman of LASERC, Mr Akinwunmi Ogunbiyi, and the Chief Executive Officer, Mrs Temitope George, expressed their commitment to working closely with NERC to deepen their understanding of electricity market regulation and to apply global best practices within their jurisdiction.

Welcoming the delegation, the Chairman of NERC, Dr Musiliu Oseni, underscored the strategic importance of the power sector and urged LASERC and LISO officials to leverage their engagement with the commission in building a strong subnational electricity market.

He also emphasised the need for fairness, objectivity, and continuous learning, while assuring the delegation of NERC’s readiness to collaborate and share knowledge in support of universal electricity access.

Also speaking, the NERC Commissioner for Corporate Services, Mr Nathan Shatti, highlighted the importance of continuous learning and sector-wide collaboration to balance stakeholder interests and improve energy access.

The NERC Commissioner for Research and Data Analytics, Mr Animashaun Fouad, encouraged the Lagos team to proactively engage stakeholders and rebuild electricity consumers’ confidence in the state’s power market.

Similarly, the NERC Commissioner for Stakeholder Management, Mrs Aisha Mahmud, advised LASERC to leverage the commission’s Customer Protection Regulations as a framework for customer enlightenment, complaint resolution, and strengthening the emerging multi-tier electricity market.

LASERC is among the few state electricity regulators that have fully assumed regulatory oversight of their electricity markets from NERC in line with the provisions of the Electricity Act.

 

Recently, LASERC announced the official assumption of duty by its newly appointed board members. According to a statement by the state government, this followed the confirmation of the new board members by the Lagos State House of Assembly earlier.

The board members include Mr Alexander Akinwunmi Ogunbiyi (Chairman); Mrs Temitope George (Chief Executive Officer/Executive Member); Engr Adekunle Olopade (Executive Member, Engineering & Systems); Mr Olakunle Falola (Executive Member, Licensing & Regulatory); and Mr Bello Wasiu Oladimeji (Non-Executive Member).

The development, it was learnt, follows the dissolution of the commission’s previous board in December 2025, in line with statutory provisions, and concludes the reconstitution process.

The Lagos State Government said this reaffirms its commitment to strengthening governance, accountability, and institutional effectiveness in the electricity sector.

The newly constituted board is charged with providing strategic leadership and regulatory oversight for electricity generation, distribution, supply, licensing, market operations, and consumer protection in Lagos State, in accordance with the Lagos State Electricity Law 2024 and the state’s electricity reform and energy transition agenda.

LASERC noted that the board’s diverse expertise positions the commission to enhance regulatory effectiveness, protect consumer interests, strengthen investor confidence, and advance sustainable electricity development in Lagos State.

“The newly constituted board is charged with providing strategic leadership and regulatory oversight for electricity generation, distribution, supply, licensing, market operations, and consumer protection in Lagos State, in accordance with the Lagos State Electricity Law 2024 and the State’s electricity reform and energy transition agenda.

“LASERC noted that the board’s diverse expertise positions the commission to enhance regulatory effectiveness, protect consumer interests, strengthen investor confidence, and advance sustainable electricity development in Lagos State.

“The commission reaffirmed its commitment to transparency, professionalism, and stakeholder engagement in the discharge of its statutory mandate,” the statement added.

Aside from regulating licensees, Lagos now has the power to generate and distribute electricity in line with the Electricity Act 2023.

Ecobank profit jumps 29% to N950bn

Ecobank-Ecobank Transnational Incorporated has reported a 29 per cent rise in profit after tax to N950.0bn for the financial year ended December 31, 2025, driven by growth in interest income and non-interest revenue.

This was indicated in the Condensed Consolidated Unaudited Financial Statements for the year ended December 2025 filed on the Nigerian Exchange Limited on Friday.

According to the report, the pan-African banking group’s gross earnings rose 14 per cent to N4.82tn, while total revenue increased 18 per cent to N3.67tn. Profit before tax climbed 30 per cent to N1.28tn, up from N986.7bn in 2024. Operating profit before impairment charges rose 29 per cent to N1.89tn.

In the period under review, net interest income grew 22 per cent year on year to N2.14tn, supported by a 15 per cent increase in interest income to N3.18tn. Interest expense rose modestly by four per cent to N1.04tn

Non-interest revenue also strengthened, rising 13 per cent to N1.53tn, buoyed by a 17 per cent increase in fee and commission income to N1.03tn, and a 14 per cent growth in trading income and foreign exchange gains to N559.36bn.

However, other operating income declined 22 per cent to N68.6bn, while net losses on investment securities widened to N10.98bn. Impairment charges on financial assets rose 28 per cent to N613.26bn, reflecting higher credit risk provisioning during the period. Despite this, operating profit after impairment increased 30 per cent to N1.28tn.

Total profit stood at N950.0bn, compared to N735.9bn in 2024. Total assets expanded 14 per cent to N49.44tn, up from N43.30tn in 2024.

Loans and advances to customers increased 11 per cent to N17.09tn, while deposits from customers rose 15 per cent to N36.45tn, reinforcing the bank’s funding base. Total equity strengthened significantly, rising 50 per cent to N4.17tn, driven largely by retained earnings growth.

Equity attributable to ordinary shareholders stood at N2.91tn, up from N1.75tn. Total liabilities increased to N45.27tn, from N40.52tn in the previous year.

Ecobank operates in 34 African countries and several international financial centres, serving more than 32 million customers across consumer, commercial, corporate, and investment banking segments.

Keyamo backs Baze University aviation training proposal

KeyamoThe Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the Chancellor of Baze University, Yusuf Datti Baba-Ahmed, to discuss plans for the establishment of a School of Aviation in Abuja, a move aimed at boosting Nigeria’s aviation manpower and reducing dependence on foreign training.

Baba-Ahmed, who was the running mate to Labour Party presidential candidate Peter Obi during the 2023 general election, led a delegation of Baze University’s management on a courtesy and project-advocacy visit to the Ministry in his office in Abuja.

Members of the delegation included the Vice-Chancellor, Prof Jamila Shu’ara, the Registrar, Prof Abiodun Adeniyi, and other senior officials of the university.

The discussions, according to the statement, were centred on Baze University’s proposal to site a School of Aviation in Bwari, Abuja, complete with a dedicated training runway for pilot training and other aviation-related professional programmes.

This was made known through a statement made available to Saturday PUNCH by the Special Adviser on Media and Communications to the minister, Tunde Moshood, on Friday.

Speaking at the meeting, Baba-Ahmed expressed appreciation to the Minister for his support and willingness to engage, describing the project as a national investment rather than a private venture.

He said, “We are grateful for the Honourable Minister’s magnanimity and his decision to place national interest above every other consideration. This project is about Nigeria and Africa preparing for the future of aviation.”

The Chancellor recalled that Baze University began operations in 2011 with just 17 students, 60 staff members, and about 3,000 square metres of academic space, noting that the institution has grown significantly over the years.

“Today, we have graduated over 5,000 students, expanded our academic facilities to more than 75,000 square metres, and established Africa’s largest private hospital, which was commissioned during the administration of the late President Muhammadu Buhari,” Baba-Ahmed said.

According to him, graduates of the university are performing strongly in both local and international spaces. “Our graduates are in public service, family businesses, and global institutions. In one cohort of our Master’s students abroad, 30 out of 31 returned with distinctions. We believe we can replicate this success in aviation training,” he added.

Giving reasons for the establishment of the aviation school, Baba-Ahmed stressed that aviation is one of the fastest-growing sectors globally, warning that Africa risks falling behind if it fails to build capacity.

“Over the next 20 years, the world will require about 780,000 aircraft maintenance engineers. Are we going to remain consumers of expertise, or will we start producing our own?” he asked.

He said the proposed School of Aviation would focus on pilot training, aeronautical engineering, air traffic control, meteorology, and other critical aviation disciplines, expressing confidence that the project would soon take off. “Within a year, we hope to invite the minister to flag off the Baze University School of Aviation,” he said.

In his response, Keyamo welcomed the delegation and described the proposal as timely and aligned with the Federal Government’s objective of strengthening the aviation sector.

He said the proposed aviation school would help address the shortage of skilled professionals in the sector, including pilots and air traffic controllers, while also improving regional connectivity.

He said, “We have been discussing this initiative for some time, and I am encouraged by your passion and vision. I put national interest first because I have taken an oath to be fair to all.

“Looking at what Baze University has already achieved, no one can doubt your capacity,” Keyamo noted. “This project addresses both the skills gap and connectivity challenges we face, particularly in West Africa.”

While acknowledging existing aviation institutions such as the Nigerian College of Aviation Technology, Zaria, and the African Aviation and Aerospace University, Abuja, the Minister said the establishment of additional training centres would strengthen the industry.

“This is healthy competition, and healthy competition is good for the aviation ecosystem,” he said.

Keyamo assured the delegation of the Ministry’s full support, directing aviation regulatory agencies to fast-track approval processes for the project.

“All regulatory bodies are on red alert to give you the necessary approvals. You will not be arm-twisted by bureaucracy. No one should ask you for one kobo. If anyone does, report directly to me,” Keyamo promised.