Nigeria News (Standard)
Julius Berger Approves ₦6.8bn Dividend as Profit Soars 38% at Abuja AGM
Shareholders endorse payout after company posts record ₦30.17bn net profit and strong revenue growth in 2025 financial year
Shareholders endorse payout after company posts record ₦30.17bn net profit and strong revenue growth in 2025 financial year
Julius Berger Nigeria Plc has approved a total dividend payout of ₦6.8 billion following a surge in profit and revenue for the 2025 financial year. The decision was reached at the company’s annual general meeting held on Tuesday in Abuja, where shareholders gave unanimous backing to the proposal put forward by the board.
Presenting the results, Board Chairman Goni Musa Sheikh announced that Julius Berger’s revenue rose by 34.1 percent to ₦566.71 billion, driven by increased activity across its civil engineering, building construction, services, and diversification segments. Profit before tax climbed to ₦40.95 billion, representing a significant rise of 38.5 percent from ₦29.57 billion recorded in the previous year.
The company posted a net profit of ₦30.17 billion for the period under review, marking one of its strongest performances in recent years. Earnings per share nearly doubled from ₦9.54 to ₦18.69, reflecting improved operational efficiency and project delivery across major contracts nationwide.
Sheikh attributed the improved results to sound financial management and consistent execution across Julius Berger’s four main business areas. “Our performance shows that efficient project delivery and prudent financial practices continue to drive value for both clients and shareholders,” he said during his address at the AGM.
With this approval, shareholders will receive a dividend of ₦4.25 per share for 2025. Industry analysts say Julius Berger’s robust results position it as one of the leading players in Nigeria’s construction sector amid ongoing infrastructure expansion efforts nationwide.
Nigeria News (Standard)
UniCal Set to Host 50,000 Athletes for 2026 NUGA Games, Says Vice-Chancellor
University of Calabar targets record turnout as preparations begin; stakeholders emphasise infrastructure and security needs
University of Calabar targets record turnout as preparations begin; stakeholders emphasise infrastructure and security needs
The University of Calabar (UniCal), Cross River State, has announced plans to host an estimated 50,000 athletes and officials during the 2026 edition of the Nigeria University Games Association (NUGA) Games. The Vice-Chancellor disclosed this in Calabar on Friday, stating that the institution is gearing up for what is expected to be one of the largest gatherings in the history of university sports in Nigeria.
According to UniCal management, preparations are already underway to ensure that facilities meet national standards ahead of the event. The Vice-Chancellor noted that the university will collaborate with state authorities and key stakeholders to upgrade hostels, sporting arenas, and other essential infrastructure required to accommodate thousands of participants from tertiary institutions across the country.
This development is significant for both UniCal and Cross River State, as hosting NUGA typically brings substantial economic activity and national attention. Past editions of the games have spurred local business growth and created temporary job opportunities within host communities. With a projected attendance surpassing previous records, there are heightened expectations regarding logistics, athlete welfare, and security arrangements.
University authorities have emphasised their commitment to delivering a successful tournament. The Vice-Chancellor said efforts would focus on improving security measures on campus and providing adequate medical facilities for athletes. He called on government agencies and corporate partners to support the university in its preparations, noting that such collaboration is essential for a smooth event.
As preparations intensify, UniCal is expected to unveil further details about schedules, participating universities, and volunteer opportunities in coming months. Stakeholders hope that successful hosting will reinforce Nigeria’s reputation for collegiate sports excellence while boosting economic prospects in Cross River’s South-South region.
Nigeria News (Standard)
Defensive Errors Reshape World Cup Betting Trends as Sweden, Japan, Australia Matches Spark Analysis
Early mistakes in Sweden’s 5–1 win and late drama in Japan-Netherlands draw prompt punters to review betting strategies
Early mistakes in Sweden’s 5–1 win and late drama in Japan-Netherlands draw prompt punters to review betting strategies
Defensive lapses are setting new directions for World Cup betting research, with recent matches highlighting how a single error can shift the odds and expectations for upcoming fixtures. The impact was felt during Sweden’s emphatic 5–1 victory over Tunisia and Japan’s dramatic late equaliser against the Netherlands, both played on Wednesday.
In the clash between Sweden and Tunisia, an early defensive blunder from the Tunisian side allowed Yasin Ayari to open the scoring. The Swedish team capitalised fully, with Ayari netting twice and teammates Alexander Isak, Viktor Gyokeres, and Mattias Svanberg adding to the tally. Observers say this quick turnaround from a single error into a rout changed the betting landscape, as punters adjusted their expectations on goal totals and handicap markets. “A defensive mistake is not just a highlight; it often explains why favourites cover margins or why totals shift,” said a Lagos-based sports analyst.
Meanwhile, Japan’s encounter with the Netherlands ended 2–2 after Daichi Kamada struck in the 88th minute to snatch a point for Japan. The Netherlands had led twice but failed to close out the game, raising fresh questions about their ability to control matches under pressure. Betting experts note that such repeated lead losses affect market confidence in a team’s defensive strength going into future fixtures. “When you concede late goals despite leading, it sends signals to punters that match control is an ongoing issue,” another analyst explained.
In contrast, Australia delivered a disciplined performance against Turkey, securing a 2–0 win despite facing 78% Turkish possession and conceding 30 attempts on goal. Patrick Beach stood firm in goal while Australia’s defensive structure absorbed pressure and shut out their opponents. This result has encouraged some Nigerian bettors to look beyond possession statistics when assessing potential outcomes. “Heavy pressure does not always translate into goals if the defence remains compact,” said Chinedu Okoye, an Abuja-based football enthusiast.
As at now, analysts advise punters to watch for patterns rather than one-off mistakes before adjusting their bets. If teams like Tunisia or the Netherlands repeat these defensive issues in subsequent matches, it could indicate deeper tactical problems rather than isolated incidents. Betting research platforms have also urged responsible gambling as market trends shift rapidly due to on-field errors. The next round of fixtures is expected to test whether these early defensive weaknesses persist or if teams can address them ahead of critical matches.
Nigeria News (Standard)
Ex-INEC Chairman Mahmood Yakubu Assumes Duty as Nigeria’s Ambassador to Qatar
Yakubu received by senior Qatari officials, 13 African ambassadors and Nigerian community leaders in Doha
Yakubu received by senior Qatari officials, 13 African ambassadors and Nigerian community leaders in Doha
Former Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, has officially commenced his assignment as Nigeria’s ambassador to the State of Qatar after arriving in Doha on Wednesday. Yakubu was welcomed at Hamad International Airport by top officials from the Qatari government, a delegation of 13 African ambassadors, and leaders of the Nigerian community in Qatar.
The reception was led by Ambassador Ibrahim Abdullah Fakhro, Director of Protocol at Qatar’s Ministry of Foreign Affairs, who received Yakubu on behalf of the Qatari government. Also present were Secretary-General of the Gas Exporting Countries Forum (GECF), Dr Philip Mshelbila, and President of Nigerians in Diaspora Organisation (NIDO) Qatar, Michael Ihekwaba. The introduction of African diplomats was coordinated by Guinea’s Ambassador to Qatar, Thierno Sow, who is President of the Bureau of African Ambassadors in Doha. Diplomats from Algeria, Burundi, Morocco, Tanzania, Mali, Niger, Burkina Faso, Ghana, Senegal, Togo, Benin and Central African Republic were part of the delegation.
Yakubu’s transition marks a significant shift from electoral administration to international diplomacy after he served nearly a decade as INEC chairman. During his tenure, he oversaw major elections including the 2019 and 2023 general polls. His new diplomatic posting is expected to focus on strengthening Nigeria-Qatar relations in trade, investment, energy cooperation and labour relations.
Speaking during brief interactions at the airport, Yakubu exchanged pleasantries with several diplomats including Mali’s Ambassador Dedeou Sidibe and Senegal’s Ambassador Cheikh Tidiane Sall. He proceeded to the Nigerian Embassy in Doha where he met embassy staff as he formally took charge.
While no official statement was released at the event, diplomatic sources said Yakubu’s posting comes at a time Nigeria seeks to deepen economic ties with Qatar in line with federal government priorities for foreign direct investment and diaspora engagement. The opposition could not be immediately reached for comment regarding his appointment.
Yakubu is expected to begin formal engagements with Qatari authorities in coming days. Stakeholders say his experience leading INEC may aid efforts to foster stronger bilateral cooperation across economic and social sectors.
