Business
Adron Homes: Vidco Plot Series Debut with Affordable and Flexible Land Purchase Solutions
Adron Homes, a leading real estate company committed to making homeownership accessible to everyone, is proud to announce the launch of the Vidco Plot series. This new offering provides affordable land purchase options with long-term payment plans designed to accommodate various income categories with a payment plan of 10,000 monthly which can be spread over 100 months.
The Vidco Plot is strategically priced to make land ownership a viable option for individuals across all income levels. By offering competitive prices, Adron Homes ensures that everyone, from first-time buyers to seasoned investors, can secure their future with a valuable real estate investment. Recognizing that financial circumstances differ, Adron Homes has developed a range of flexible payment plans. These long-term options allow buyers to spread the cost over an extended period of 100 months with a monthly payment of 10,000, making it easier to manage finances without compromising on the dream of owning land.
Vidco Plots are strategically located in Adron Homes estates located in rapidly developing areas, promising not only a great living environment but also significant potential for property value appreciation. Its proximity to essential amenities such as schools, hospitals, shopping centres, and transportation links adds to its appeal, ensuring convenience and accessibility for all residents. Adron Homes guarantees a secure investment with Vidco Plot. The transparent buying process and clear titles provide peace of mind, ensuring that buyers can invest confidently in their future.
Estate locations; Abuja, Ekiti, Osun, Ogun, Oyo, Nasarawa Niger and Plateau.
To cater to various needs and preferences, the Vidco Plot series is available in multiple sizes, 150 and 135 sqm respectively. Whether for personal use or commercial development projects, Adron Homes offers a range of options to meet different requirements. Adron Homes is dedicated to creating vibrant communities. Adron’s Vidco Plot series is part of a planned development that includes essential infrastructure such as roads, drainage, electricity, and water supply. This ensures a comfortable and convenient living experience for all residents.
With over 12 years of real estate development, Adron Homes is synonymous with reliability and excellence in the real estate sector. The company’s customer-centric approach prioritizes customer needs, providing personalized service and support throughout the purchasing process. Adron Homes’ innovative payment plans and affordable pricing reflect its commitment to making land ownership accessible to all.
Interested individuals are encouraged to visit Adron Homes’ sales offices for more information. The knowledgeable team is ready to assist with any questions and guide potential buyers through the process. Alternatively, detailed information and personalized advice can be obtained by filling out an online inquiry form on the Adron Homes website and official social media platforms. Site inspections can also be scheduled to experience firsthand the potential and advantages of investing in Vidco Plot.
For more information, please contact:
Adeboye Abiodun
Digital Marketing, Media Relations, and Corporate Communication Officer
Adron Homes and Properties Limited
Phone: 08138432335
Email: adeboye.abiodun@adronhomesproperties.com
Website: www.adronhomesproperties.com
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to reinforce its role in shaping the continent’s financial ecosystem with the launch of its landmark whitepaper.
The whitepaper, titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” will be unveiled on the sidelines of the World Bank-International Monetary Fund (IMF) Annual Meetings in October 2025 in Washington, D.C., placing Africa’s economic agenda at the heart of global financial discussions.
The document presents a comprehensive and actionable framework for unlocking Africa’s vast economic potential, providing analysis of critical growth pillars including trade facilitation, infrastructure development, digital innovation, climate finance, and inclusive growth, while showcasing strategies for leveraging domestic capital alongside strategic global partnerships to access the continent’s $3.4 trillion single market potential under the African Continental Free Trade Area (AfCFTA).
UBA’s Group Chairman, Tony Elumelu, who emphasised the strategic importance of this whitepaper, explained that over the past few years, the bank has become an active leader in conversations and activities that drive tangible investments to the continent.
“UBA is shifting Africa’s development agenda from talk to action. With this whitepaper, we are championing initiatives that convert strategic dialogue into bankable projects and direct investments. Our commitment to execute these plans for the benefit of the continent and its people cannot be overemphasised,” Elumelu said. “We are committed partners in Africa’s development and sustainability and will continue to provide the capital, the platform, and the network needed to transform Africa’s vast potential into economic growth.”
UBA’s Group Managing Director and Chief Executive Officer, Oliver Alawuba, remarked on the white paper’s significance, highlighting the urgent need for private sector leadership.
“This whitepaper is a call to action and a statement of our capability,” Alawuba said. “It underlines our unique position in facilitating the partnerships and capital flows required to finance Africa’s future, providing the blueprint for action. The document delivers critical insights at a defining moment for Africa’s financial infrastructure.”
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with more than 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries and the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
Business
Transcorp Power Posts Impressive Q3 2025 Results, Reports N91.2bn PBT As Revenue Grows by 38%
Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited Q3 financial results for the period ended 30 September 2025.
The Company’s revenue grew by 38% year-on-year to ₦308.5 billion in 2025, compared to ₦223.5 billion in Q3 2024.
The Q3 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.
Key Highlights
▪ Revenue Growth
− Revenue grew by 38% year-on-year to ₦308.5 billion, from ₦223.5 billion in Q3 2024.
▪ Profit
− Gross profit increased to ₦119.7 billion, up from ₦96.5 billion in Q3 2024, representing a year-on-year growth of 24%, with a gross margin of 38.8%.
− Profit Before Tax (PBT) climbed, to ₦91.18 billion in Q3 2025, from ₦81.12 billion in Q3 2024, representing a year-on-year growth of 12.4% − Profit After Tax (PAT) rose, to ₦68.42 billion in Q3 2025, from ₦58.4 billion in Q3 2024, representing a year-on-year growth of 17%
Chairman Transcorp Power Plc, Emmanuel Nnorom, commented: “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.”
MD/CEO Transcorp Power Plc, Peter Ikenga, comments: “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 fulfilment of our mission to improving lives and transforming Africa.”
Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc (“Transcorp Group”), Nigeria’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors. Transcorp Power is committed to creating value, driving economic growth, and ensuring social goods through access to the
electricity supply.
www.transcorppower.co
Fidelity Bank’s market leadership has been affirmed once again as the tier-one lender bagged double honours at the BusinessDay Bank and Other Financial Institutions’(BAFI) Awards 2025.
At the awards ceremony, which was held at the Lagos Continental Hotel, Victoria Island, Lagos on Saturday, 11 October 2025, Fidelity Bank was presented with the awards for the “Best Bank for Export & Trade Finance” and “Most Innovative Bank of the Year”.
Dedicating the Export and Trade Finance Award to its customers, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe,OON, who was represented by the Executive Director/Chief Operations and Information Officer, Stanley Amuchie, said, “This recognition underscores our unwavering commitment to promoting non-oil exports and supporting Nigerian businesses to compete globally through initiatives such as the Fidelity International Trade & Creative Connect (FNITCC) and the Export Management Programme (EMP).
“I dedicate this award to all our exporters who continue to showcase the best of Nigeria to the world, our loyal customers, and our partners for their steadfast support.”
The BAFI Awards is the benchmark of distinction for institutions in the Nigerian financial services sector.
Now in its 12th year, the awards recognise and celebrate organisations that are excelling in the delivery of financial services in Nigeria.
The award acknowledges organisations demonstrating leadership, vision and impact in driving Nigeria’s growth trajectory.
Fidelity Bank’s recent recognition is attributed to significant accomplishments over the past twelve months.
Notable milestones include the inauguration of the first privately constructed onshore oil export terminal in Nigeria in fifty years at the Otakikpo Marginal Field, which was funded by Fidelity Bank and commissioned by President Bola Ahmed Tinubu last week.
Additionally, the Bank launched the Fidelity SME Hub, a multipurpose facility designed to support small businesses through innovation, collaboration, and capacity-building initiatives.
Furthermore, Fidelity Bank organized the third edition of the Fidelity Nigeria International Trade & Creative Connect (FNITCC) in Atlanta, Georgia, USA, in September 2025.
This event provided local businesses with opportunities to engage in deal rooms with U.S. buyers, including prominent retailers such as Walmart and Target, fostering potential partnerships.
“The innovation award is a special one for us as it validates our continued drive to enhance operational efficiency, elevate customer experience, and strengthen business performance. We sincerely appreciate BusinessDay Media for this recognition and reaffirm our commitment to introducing more impactful innovations that empower our customers and advance the Nigerian financial services industry”, commented Amuchie.
