Business
JuWonOil Expands Into U.S. Gulf LNG Bunker Market
JuWonOil Expands Into U.S. Gulf LNG Bunker Market
HOUSTON, October 30, 2025 — Houston-based marine fuel and lubricant trading firm JuWonOil LLC has officially expanded into the liquefied natural gas (LNG) bunkering market, positioning itself at the forefront of clean energy adoption across the U.S. Gulf Coast.
The company is currently developing structured logistics for small-scale LNG bunkering and distribution, engaging with LNG suppliers, terminal operators, and vessel owners operating in Houston, Galveston, Corpus Christi, and Sabine Pass, a company representative told Ship & Bunker on Wednesday.
> “JuWonOil LLC is pleased to announce its formal entry into the LNG trading and bunkering market, further advancing our mission to provide innovative, sustainable marine fuel solutions across the Gulf Coast and international ports,” the representative said.
“Our expansion into LNG marks a strategic step toward the clean energy transition and reflects the growing market demand for low-carbon bunkering alternatives in major U.S. and African ports.”
Founded in September 2024, JuWonOil initially specialized in marine lubricants and conventional marine fuels across Texas ports and anchorages. Its latest move underscores the company’s commitment to diversifying its energy portfolio amid a global shift toward greener maritime operations.
The firm’s Chief Executive Officer, Juwon Lawal, a Kogi State, Nigeria–born entrepreneur, previously served as managing director of Dubai-based Africent Group. Lawal also brings extensive experience from his previous roles in bunker supply for Winson Oil Trading and ST&L Bunkers Ltd.
With its entry into the LNG sector, JuWonOil aims to leverage its growing network to support the energy transition and facilitate sustainable marine logistics across both sides of the Atlantic.
GTCO Plc Releases 2025 Q3 Unaudited Results
…….. Reports Profit Before Tax of ₦900.8billion
Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of September 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
The Group posted profit before tax of ₦900.8billion on the back of strong performance on the core earnings lines of interest income and fee income which grew y-o-y by 25.6% and 16.8% respectively. The strong core-earning performance continued to narrow the y-o-y dip in PBT to 26%, thereby cushioning the impact of the ₦523.2bn fair value gains recognised in Q3-2024, which did not recur in Q3-2025.
The Group recorded growths across all its Asset lines and continues to maintain a well-structured, healthy liquid and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.
Group’s total assets and shareholders’ funds closed at ₦16.7trillion and ₦3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 36.5%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.3% and 4.4% % at Bank and Group level in Q3-2025 (Bank 3.5%, Group 5.2% in December 2024). Cost of Risk (COR) also improved to 2.2% from 4.9% in December 2024. In specific terms, the Group’s loan book (net) grew by 16.5% from ₦2.79trillion as of December 2024 to ₦3.24trillion in September 2025. Similarly, deposit liabilities grew by 16.0% from ₦10.40trillion to ₦12.06trillion during the same period.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem. We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency. The improvements we have made to our digital and payments infrastructure are enhancing customer experience, deepening engagement, and driving greater integration across our ecosystem.”
He further stated: “Looking ahead, our focus remains on advancing our competitive edge through innovation, operational excellence, and a commitment to superior customer outcomes. With a clear growth trajectory and strong organizational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results.”
Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 39.5%, Pre-Tax Return on Assets (ROAA) of 7.6%, Capital Adequacy Ratio (CAR) of 36.5% and Cost to Income ratio of 28.8%.
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, GTCO Plc provides a wide range of banking and non-banking services including payments, funds management, and pension fund administration. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets
Business
Aliko Dangote Foundation (ADF), Launches National Initiative to Promote Fermented Foods for Nutrition and Food Security
Aliko Dangote Foundation (ADF), Launches National Initiative to Promote Fermented Foods for Nutrition and Food Security
Alpha Morgan Bank Expands Footprint with New Branch in Osogbo
Alpha Morgan Bank has officially opened its newest branch in Osogbo, Osun State, marking another milestone in its mission to deliver satisfying banking closer to customers across Nigeria.
The new branch, located at 165 Station Road, Osogbo, was commissioned by His Excellency, Prince Kola Adewusi, the Deputy Governor of Osun State, in a ceremony attended by top government officials, business leaders, and members of the Bank’s management team.
In his remarks, Prince Adewusi commended Alpha Morgan Bank for its expansion into Osun, describing the move as a strategic step that will stimulate economic activities and enhance access to quality financial services within the state.
Speaking at the launch, Mr. Ade Buraimo, MD/CEO of Alpha Morgan Bank, expressed gratitude to the government and people of Osun for their warm reception. He reaffirmed the Bank’s unwavering commitment to providing seamless, customer-centric, and satisfying banking experiences across all its touchpoints.
The Osogbo branch features a modern banking hall, personalized financial services, and digital solutions designed to meet the evolving needs of individuals, SMEs, and corporate clients — continuing the tradition of excellence Alpha Morgan Bank is known for.
🎥 Watch the commissioning highlight here:
-
Politics4 months agoNigeria Is Not His Estate: Wike’s 2,000‑Hectare Scandal Must Shake Us Awake
-
society6 months agoOGUN INVESTS OVER ₦2.25 BILLION TO BOOST AQUACULTURE
-
celebrity radar - gossips5 months agoFrom ₦200 to ₦2 Million: Davido’s Barber Reveals Jaw-Dropping Haircut Fee
-
society4 months agoJUSTICE DENIED: HOW JESAM MICHAEL’S KINDNESS WAS TURNED AGAINST HIM