COVER
JAIZ Bank Half Yearly Profit Grows by Over 70%

By Tony Obiechina, Abuja
Financial results of Jaiz Bank Plc for the second quarter ended 31st
March 2021 was released to the Nigerian Stock Exchange, showing a
70.6% growth in Profit After Tax (PAT), from N1.17 billion declared in
June 2020 to N1.
99 billion at the end of June 2021.The Bank’s Total Income for the period under review grew by 42.
1% fromN6.
23 billion as at end of June 2020 to N8.86 billion at the end ofJune 2021.
Meanwhile, the Bank’s earnings per share for the period under review
jumped by 70.3% from 3.89 kobo in the first quarter of 2020 to 6.78
kobo at the end first quarter of 2021.
The consistent earnings result is obviously reassuring to all
stakeholders and the investing public, thus, positioning the Bank as
not only the pioneer but also the leading Non-Interest Bank in
Nigeria.
Speaking on the result, the Managing Director/CEO Hassan Usman said
that it reflects the Bank’s positive outing in 2020, where it recorded
a Profit Before Tax of N3.07 billion.
He assured that the Bank is determined to maintain the remarkable
earnings streak for the rest of the year by leveraging on technology
and the expansion of its retail banking portfolio.
COVER
Ango Abdullahi Tasks FG over Out-of-school Children in Northern States

By Divine Ndukwe, Abuja
Chairman of the Northern Elders’ Forum, Prof. Ango Abdullahi, has raised the alarm over the growing marginalisation of Northern Nigeria, warning that the continued sidelining of the region in federal budgeting and infrastructure development poses grave dangers to national unity and progress.
The elder statesman, who spoke at the ongoing Government-Citizens Engagement Forum organised by the Sir Ahmadu Bello Memorial Foundation in Kaduna on Tuesday, described the region’s situation as nothing short of a national emergency, particularly in the areas of education, infrastructure and economic inclusion. Abdullahi, a former vice chancellor of Ahmadu Bello University, Zaria, lamented the failure of successive administrations to address the North’s growing population of out-of-school children.He blamed the crisis on inadequate funding and misplaced national priorities“We have 20 million out-of-school children in Nigeria—80 percent of them are from Northern Nigeria.“If just half of the N15 trillion national budget were allocated to education, we would have no child out of school.“That money would provide schools, teachers, and equipment,” he said.He said, despite the magnitude of the crisis, the North continues to receive a disproportionately low share of education funding.“This is not just a Northern problem. It is a national disaster. An uneducated population is a threat to all,” he warned.The NEF chairman, who recently toured parts of the Northeast, also described the region’s road infrastructure as “the worst in the country.”“Some of the roads are not just bad—they don’t even exist. You can’t talk about national development when a whole region remains disconnected.“There must be an intentional drive to fix our roads if we are serious about equity,” he said.He proposed a simple yet bold solution, stating, “Let’s be serious. If we use N7.5 trillion for education and N7.5 trillion for roads in the North, we’d solve two of our biggest problems.”Abdullahi also expressed strong reservations about the recent relocation of key departments of the Central Bank of Nigeria from Abuja to Lagos, describing the move as suspicious and divisive.“Why the sudden relocation of CBN departments? Why the mass retirements? And why were 15 new directors recently employed—with only four from Northern Nigeria?” he asked.He said the decision sends a troubling message to Northern Nigerians, many of whom already feel marginalised under the current administration.“These are not coincidences. They are decisions with consequences, and the North is watching,” he said.According to him, the Northern Elders’ Forum will be formally writing to President Bola Tinubu to demand clarification on the recent appointments and policy decisions, which, he said, appear designed to weaken Northern participation in the federal structure.Abdullahi did not stop at criticism. He also laid out a roadmap for equitable development, starting with the decentralisation of industrial growth.“If we truly want to develop Nigeria, then Northern Nigeria must be industrialised in line with its natural strengths—agriculture being one,” he said.He urged the Federal Government to set up agro-allied processing zones across Northern states, arguing that industrialisation anchored on agriculture would lift millions out of poverty and stabilise the region’s economy.“It is time to spread development. Northern Nigeria cannot continue to serve only as a food basket without also being a value-adding zone,” he declared.The NEF chairman ended on a strong note of civic engagement, urging Northerners to move from silence to active demand for their rights.“We must be proactive. We will be asking questions. And this time, we expect answers,” he said.He called on political leaders, community organisations, and civil society groups to join in demanding accountability from federal policymakers.“We can no longer afford to be passive. If we do not speak up and insist on fairness, the marginalisation will continue, and our children will inherit a more broken and divided nation,” he added.Katsina Approves Promotion of 3147 Teachers, OthersThe Katsina State Government has approved the promotion of no fewer than 3,147 teachers and other staff members of the state’s Ministry of Basic and Secondary Education.This was made known by the Permanent Secretary in the Ministry, Hajiya Ummukhair Ahmed-Bawa, during a senior management meeting on Tuesday in Katsina.She was represented by the Director, Administration and Supply in the ministry, Salisbury Yakubu, who also said that the development was announced by Hajiya Zainab Musa-Musawa the state’s Commissioner for Basic and Secondary Education.She noted that the landmark approval underscored the state government’s commitment to enhancing the welfare and motivation of education personnel.According to her, “The commissioner directed the convening of the meeting to kick-start the promotion process in line with the approval of Governor Dikko Radda.”The permanent secretary further assured that the exercise would be completed within the stipulated time frame.“The promotion exercise reflected the ministry’s commitment to rewarding hard work, fostering career growth, and improving service delivery in the education sector.“About 78 staff would be promoted from level 07-08, 560 from 08-09, 484 from 09-10, 587 from grade level 10-12, 627 from 12-13, 436 from 13-14, 276 from 14-15, while 98 would move from 15-16”, Ahmed-Bawa concluded.COVER
Oluremi Tinubu in Makurdi, Seeks End to Benue Killings

From Attah Ede, Makurdi
First Lady of Nigeria, Sen. Oluremi Tinubu yesterday visited Benue State, with a call to put an end to the insecurity and incessant killings of innocent citizens especially women and children in the State.Mrs Tinubu, who spoke during her visit to the State, where she met with state officials, traditional rulers, and internally displaced persons as part of her humanitarian and peace-building engagements, called for unity and solidarity among the people of the State to combat the senseless killings that have continued despite spirited and concerted efforts.
She said it was most worrisome to find displaced persons living in dehumanising conditions, describing it as hellish.According to her, when faith is lost, family bonds are broken, life no longer carries the hope it once did, everything changes, stressing that every society must decide what it would serve, adding however, “No nation can serve two masters”.”There must be a choice between what builds and what destroys, between people and the structures that either uplift or oppress them.”We speak of teaching lessons about peace, love, and how to live with one another. These are not abstract ideals. They are necessities. Dialogue and patience remain the best solutions wherever conflict exists. But often, we hesitate, we ask ourselves: Why do I need to act? Why do I need to speak?, And so the doors remain closed. Teachers go unheard. People are left without guidance on how to move forward and how to heal.”Today, I decided to come because I feel that much of the light has dimmed. The weight of silence is heavy, but conversations like this bring hope. Nigeria is a nation of deep complexity. Ethnicity, religion, and culture all have their place, but they must not become walls between us. They should instead be bridges of understanding.”And now, we are in a time in a world where we must decide what we are preparing for. Will it be a future shaped by division, or one built on compassion, dialogue, and shared humanity?”, Tinubu stated.The Nigeria first lady, who also donated one billion Naira to the victims of the displaced communities in the state and provided relief materials to help alleviate their suffering, promised to continue supporting those in need, particularly children, girls, and individuals with disabilities.On his part, the Paramount ruler of the Tiv nation, Tor Tiv, Prof. James Ayatse, called on the Federal Government to take decisive action against networks of terrorists operating in Benue and Nasarawa States and stressed the need for reconstruction of destroyed communities and compensation for victims of the attacks.He intimated that the violent attackers responsible for the frequent killings and displacements in Tiv land usually came from neighboring Nasarawa State and returned there after carrying out their assaults.“Your Excellency Ma, our attackers come from Nasarawa State. After attacking us, they withdraw and go back to Nasarawa State.””I appeal to you to convey the people’s anguish and plead for justice to President Bola Tinubu. Peace in Benue cannot be achieved until the sources of these attacks are addressed through decisive federal intervention.”Thank you for your patience and resilience. Families have been torn apart, ancestral homes abandoned but there is hope. With a guarantee of restored peace, our people will be able to return to their ancestral communities, resume their lives, and rebuild what was lost.”It looks like we will achieve our goals and with that, we will see the gains we have long hoped for.”The barriers we once faced are giving way. We are determined not to let terrorists define our destiny. We have confronted major enemies and made progress, though the scars and memories of destruction remain with us.“Still, everything we are doing now is to bring lasting peace and we believe peace will come soon.”To the communities that have suffered attacks: you do not need to remind us of what has happened. We know. We have seen the devastation. We share the pain.”Nigeria has been plagued by discontent for many years. I have lived here all my life, and I know this much: if we keep playing with this weakness, it will grow and if it grows unchecked, it will destroy us.”If our leaders do not decisively confront terrorism and malice, and instead keep playing politics with it trying to be “politically correct” for the sake of convenience, Nigeria will be in grave danger. The time to act is now”, Ayatse alluded.He maintained that the government is already beginning to respond, securing vulnerable areas and strengthening borders, noting that the visit today has given Benue citizens encouragement and has further reassured them that they are not forgotten.The Benue State Governor, Rev. Fr. Hyacinth Alia reiterated his call for the establishment of a state police and a national policy on ranching to address the insecurity caused by herders.He applauded Mrs Tinubu for her visit and commitment to national solidarity in the face of the ongoing crisis bedeviling over 1.5million displaced individuals in the State.”This visit comes after the massacre of over 200 of our people on the night of Saturday, the 13th, and the morning of Sunday, the 14th of June, 2025. Your visit follows closely after your husband, the Commander-in-Chief of the Armed Forces, His Excellency President Bola Ahmed Tinubu, altered his itinerary to send us a message of comfort shortly after June 18, 2025.”We have over 3,500 new IDPs in Gwer-West local government. It is my prayer that this land becomes one of reunions and grace. I would like to express our deep gratitude to you for making time to visit us.”Following the President’s directive, the Chief of Defence Staff ordered the deployment of security personnel to our communities. While the attacks by militias and bandits have not completely stopped, we can report that there has been some noticeable improvement in security.”Your presence here today reflects not only your strategic support as a former Senator of the Federal Republic but also your motherly and compassionate response to moments of distress in our nation. Your initiatives in health, social investment, agriculture, care for orphans, IDPs, persons living with disabilities, and the elderly have not gone unnoticed.”We are aware of the over 70,000 posts you facilitated through the Ministry of Education for distribution to primary schools. We are equally aware of over 270 support programs for economic empowerment. You have already done so much for us in this state, and we believe your presence today will not only inspire you to do more but also create a deeper connection to our plight as you hear the stories of consistent and protracted attacks on our people by terrorists and armed groups.”We are grateful for the goodness you have shared with us at this very difficult time and for the honor and support you have continually extended to our grassroots”, Alia stated.The governor lamented that the persistent attacks by militias on Benue farms have been sustained for years, leading to the loss of lives and property. Farmers have been driven away from their lands because so many have been killed, leaving us in pain and despair.”Some of our people are displaced and living in camps, while many more are staying with friends and relatives across different parts of the state under harsh conditions. Hunger is widespread, and food is scarce in a state once celebrated as the “Food basket of the nation.””In all of this, we have not received adequate compensation or meaningful support. Instead, what has been offered to our grieving people feels like salt added to their wounds, token gestures that do not meet the needs of mothers, who have lost children or families who have been destroyed”, he said.Gunmen Invade Benue Community, kill One Farmer Suspected armed herdsmen, on Tuesday launched fresh attack on Tse-Kalema in Mbazun, Atogbenda, Ukum Local Government Area of Benue State, killing one farmer identified as Lucky Tsetim. A source from the area told DAILY ASSET that the victim was attacked while working on his farm on Tuesday.The killing has sparked fresh fears among residents, who say Fulani attacks in Tse-Kalema are becoming frequent.They called on security agencies to urgently intervene and restore peace in the area.As of press time, no official response has been issued by the authorities.Efforts to speak with the Benue State Police Command Public Relations Officer, DSP Udeme Edet failed as she did not respond to calls or texts.COVER
United Capital Reports N11.9bn Profit, Declares N5.4bn Interim Dividend
United Capital Plc has reported a profit after tax of N11.9 billion for the first half of 2025.This represents a 54 percent increase from N7.74 billion profit recorded for the first half of 2024.The company announced this in a corporate disclosure on Monday through the Nigerian Exchange Ltd.
The profit before tax also grew by 52 per cent, from N9. 06 billion in 2024 to N13.79 billion while the gross earnings rose by 57 per cent, from N15. 15 billion to N23.76 billion.The net operating income climbed to N21.32 billion compared to N12.76 billion in 2024, a 67 per cent year-on-year growth.Operating expenses witnessed a 49 percent increase to N10.61 billion from N7.12 billion of 2024.Commenting on the group’s performance, the bank’s Group Chief Executive Officer, Peter Ashade, said, “I am pleased to inform all stakeholders that United Capital Plc ended the first half of the year on a strong and positive note.“This is continuing our track record of excellence and strong financial performance, as demonstrated by our remarkable earnings growth and robust performance across key financial metrics, despite the prevailing macroeconomic challenges and market volatility.“During the period under review, we recorded significant financial growth, with gross earnings increasing by 57 per cent year-on-year to N23.76 billion.“Profit before tax grew by 52 per cent year-on-year to N13.79 billion, profit after tax rose by 54 per cent year-on-year to N11.89 billion, while Shareholders’ Funds grew by 25 per cent year-to-date to N166.91 billion.“This is a testament to the strength of our capital base and the confidence reposed in us by our investors,” he said.Ashade noted that “these results reflect the resilience of the company’s business model, the dedication of people, and the effective execution of our strategy across our business lines.“As we look ahead to the second half of the year, we remain focused and firmly committed to sustaining this strong performance.“With a solid foundation, a clear strategic direction and our retail and Pan-African play in full-force.“United Capital is well-positioned to continue delivering superior returns to shareholders and providing best-in-class solutions to all our stakeholders.“Finally, to reward our esteemed shareholders, we are excited to announce the payment of an interim dividend of 30 kobo per share for 50 kobo ordinary shares of the company.“This represents a payout of N5.4 billion. We have obtained the approval of the board and details will be shared with our shareholders,” he added. (NAN)