Samsung Electronics has reported a 43 per cent rise in first-quarter revenue to 133.9 trillion Korean won, marking its highest quarterly performance despite weak demand in its display and telecommunications segments. The company disclosed this in its first-quarter 2026 financial results released on Friday, highlighting robust overall growth across key business units. Operating profit also rose to 57.2 trillion won for the quarter ended March 31, 2026, underscoring strong earnings momentum despite broader market challenges. Samsung noted that some business units faced pressure from weak demand, seasonal slowdowns, rising tariffs, and increasing operational costs during the period. Samsung Display Corporation…
Author: Newsdesk
The Michael Imoudu National Institute for Labour Studies (MINILS) has spent N94.7 million on staff welfare from 2021 to date. The Director-General of MINILS, Mr Issa Aremu, made this known on the sidelines of the May Day lecture organized by the institute in Ilorin. The lecture was titled: “Re-inventing Labour Management Resources in MINILS.” Aremu said staff of the institute receive a 10 per cent cost-of-living allowance, while buses have been provided to cushion the effects of high transportation costs. READ ALSO: Tinubu named chief host of 2026 PR forum According to him, May Day is set aside to celebrate…
The Kwara State Commissioner for Health, Dr Amina El-Imam, says the state will commence the distribution of two million long-lasting insecticide-treated nets (LLINs) to households across all Local Government Areas (LGAs). El-Imam stated this at a news conference held on Friday in Ilorin as part of activities to commemorate World Malaria Day 2026. The theme for the day is: “Driven to End Malaria; Now We Can, Now We Must.” She explained that the day serves as a clarion call for urgent action and the effective use of new tools and innovations to save lives. She emphasized the need for Nigeria…
The Risk Management Society of Nigeria (RIMSON) says it is intensifying efforts to integrate risk management principles across all sectors of the economy to drive national growth. The President of RIMSON, Dr Abbas Idriss, said this in an interview with reporters on the sidelines of the society’s annual conference on Friday in Abuja. Idriss noted that despite significant changes in the industry, many critical sectors still lack robust risk management frameworks—a gap the society is determined to bridge. “We are not yet reaching other sectors of the economy. Ensuring that risk management principles are properly applied is a serious issue.…
Former Military President Ibrahim Babangida has paid tribute to the late veteran journalist Yakubu Mohammed, describing him as a symbol of integrity, humility, and professionalism in Nigeria’s media landscape. Babangida made the tribute on Thursday in Lagos at the unveiling of the Newswatch 5 Lecture Series/Tribute Session for Mohammed. His speech was read at the event by veteran journalist Malam Mohammed Haruna. Mohammed passed away on January 13. The late Dele Giwa, Dan Agbese, Yakubu Mohammed, Ray Ekpu, and Soji Akinrinade were the founding Newswatch journalists. The event was organized by the Olori Janet Afolabi Foundation. Janet Afolabi, wife of…
The Africa Centres for Disease Control and Prevention (Africa CDC) says it is investigating an unknown disease outbreak in Burundi, deploying experts to affected communities. Africa CDC stated that preliminary laboratory tests have ruled out major viral haemorrhagic fevers. Dr. Tolbert Nyenswah, Director for Pandemic Prevention, Preparedness, and Response at Africa CDC, announced this on Thursday during the agency’s weekly high-level press briefing for epidemiological week 16. Nyenswah said multidisciplinary teams—including surveillance experts, laboratory scientists, and public health specialists—were deployed to remote mountainous areas of Burundi to assess the situation and determine the outbreak’s cause. The field teams are working…
The Africa Centres for Disease Control and Prevention (Africa CDC) has called for increased investment in immunisation, warning that weak funding continues to undermine Africa’s health security and economic stability. Dr. Tolbert Nyenswah, Director for Pandemic Prevention, Preparedness, and Response at Africa CDC, made the call on Thursday during the agency’s weekly high-level press briefing for epidemiological week 16. Nyenswah said immunisation remains one of the most cost-effective health interventions, noting that every dollar invested yields up to 40 dollars in returns. He warned that underinvestment in immunisation costs Africa between $20 billion and $30 billion annually, stressing that “the…
President Bola Tinubu has been named Chief Host of the 2026 World Public Relations Forum, scheduled for November 15–21 in Abuja. Prof. Justin Green, President of the Global Alliance for Public Relations and Communication Management, announced this in a statement via NIPR Director of Public Relations, Stanley Ogadigo. Zambia’s President Hakainde Hichilema will deliver the keynote address at the forum, themed “Responsible Communication, the Voice of the World.” Green said the participation of two African presidents demonstrates the continent’s readiness to host the “Biggest, Brightest and Boldest” global PR event. He also confirmed that UN Under-Secretary-General for Global Communication, Melissa…
The Nigerian Citizens Association South Africa (NICASA) has described Amb. Bianca Odumegwu-Ojukwu’s elevation to substantive Minister of Foreign Affairs as well-deserved. NICASA President Frank Onyekwelu made the statement in a congratulatory message to the minister on Friday. It was reported that President Bola Tinubu on Wednesday elevated Odumegwu-Ojukwu from Minister of State to the substantive Minister of Foreign Affairs. The appointment follows the resignation of former minister Amb. Yusuf Tuggar, who is pursuing his governorship ambition in the 2027 elections. Onyekwelu noted that Odumegwu-Ojukwu’s distinguished track record in diplomacy, public service, and national representation inspires confidence in her capacity to…
Seplat Energy Plc posted revenue of $840.7 million for the first quarter ended March 31, 2026, up from $809.3 million in the same period last year. Revenue rose 4% year-on-year, reflecting stronger output and pricing support across its oil and gas portfolio. The company disclosed the results on Thursday in Lagos via a statement to investors. Gross profit stood at $370.5 million, while profit after tax surged 62.7% to $37.9 million from $23.3 million in Q1 2025. It declared a dividend of 9 US cents per share, up 96% from the prior year. Average production reached 129,841 barrels of oil…