THISDAY/ARISE Media Group Responds to Harassment and Attack on Free Speech, Press Freedom By FirstHoldCo Plc The attention of the editors of THISDAY/ARISE Media Group has been drawn to false claims of misrepresentation of facts by the Board and Management of FirstHoldCo Plc in a sponsored post
in some publications in an attempt to trample on our constitutionally guaranteed free speech and the freedom of the press as the Fourth Estate of the Realm as enshrined in the Constitution of the Federal
P R E S S STAT E M E N T Republic of Nigeria. Section 39 of 1999 Constitution of the Federal Republic of Nigeria
(as amended) under the Right to Freedom of Expression and the Press states that:
“The press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this Chapter and uphold the responsibility and accountability
of the Government to the people.” First HoldCo Plc, in it latest market action, an off-market sale of 10.4 billion shares valued at Continued on page 9
NNPC Recorded N905bn Profit in June, Federation Remittances Hit N6.96tn in 5 Months... Page 5 Tuesday 22 July, 2025 Vol 30. No 11062. Price: N400
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Abdul Samad Rabiu Predicts Improved Stability in Foreign Exchange Amid N92 Billion Loss... Page 6
FG’s Debt to Gencos Hits N1.2tn in H1, Total Arrears Exceed N5tn Generation companies kick over new subsidies to EERC
Emmanuel Addeh in Abuja
Generation Companies (Gencos)
yesterday said that the debts owed them hit N1.2 trillion in the first half of 2025 alone, with total ar-
rears, including legacy debts of N2 trillion and another N2 trillion in accumulated financial obligation
by the federal government in 2024, now reaching almost N5.2 trillion. The Gencos, in a statement by
their spokesperson, Dr Joy Ogaji, was reacting to news reports that the federal government may shoulder
the new subsidies granted by the Continued on page 9
After Rebasing, NBS Puts Nominal GDP at $243bn in 2024
Economy grew by 3.13% in Q1 2025, oil contributed 3.97%, non-oil 96.03% Oil production increased to 1.62mbpd Story on page 9
NIGERIA FOREST ECONOMY SUMMIT...
L-R: Minister of Livestock Development, Idi Mukhtar Maiha; Deputy Chief of Staff to the President, Office of the Vice President, Sen. Ibrahim Hadejia; former Governor of Kano State, Rabiu Musa Kwankwaso; Royal Father of the Day, HRH, Alhaji Kevin Danesi; and Convener, Sustainability of Nigeria’s Forest to Unlocking the $2 Billion Potential for Economic and Financial Inclusion, Dr. Nurudeen Abubakar Zauro, during Sustainability of Nigeria’s PHOTO: GODWIN OMOIGUI. Forest to Unlocking the $2 Billion Potential for Economic and Financial Inclusion held at the Conference Centre of the Presidential Villa, Abuja, yesterday