Business and Economy
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Transcorp Power Plc reports strong results post listing: N142 Billion revenue, N52.8 Billion PBT; Declares N23.46 Billion dividend
Lagos, May 20, 2024 Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), announced impressive financial performance at…
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UBA 75th Anniversary: GMD praises Elumelu
UBA management team at a news conference heralding the bank’s 75th Anniversary on Monday in Lagos By Rukayat Adeyemi Lagos,…
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Spiro agrees to US$50 Million debt facility with Afreximbank to accelerate expansion
Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for US$50…
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AfDB commits $2 billion; Leads the way at landmark summit for access to clean cooking in Africa
The African Development Bank Group pledged $2 billion over 10 years towards clean cooking solutions in Africa—a major step along…
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NNPC Ltd clarifies Lagos Depot fire incident .…Says normalcy restored
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the fire incident at a tank farm in Marine…
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Afreximbank deepens collaboration with ITFC, ICD to advance Africa’s Economic Cooperation
Cairo, May 16, 2024: On the sidelines of the recently concluded 2024 Islamic Development Bank (IsDB) Group Annual Meetings and…
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Alleged copyright infringement: NCC accuses MTN Nigeria MD of evading service
By Taiye Agbaje Abuja, May 14, 2024 The Nigerian Copyright Commission (NCC), on Tuesday, accused Mr. Karl Toriola, the Managing…
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NIMASA launches reviewed minimum wage document for seafarers
● We will promote an equitable Maritime Labour industry – Mobereola. The Nigerian Maritime Administration and Safety Agency (NIMASA) has launched…
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NNPC E&P Ltd, NOSL hit first oil in OML 13, Akwa Ibom State
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd.’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a…
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NCDMB Exec Sec visits pipe coating firms, pledges support for local capacities
The Nigerian Content Development and Monitoring Board (NCDMB) has reassured oil and gas stakeholders that service companies and other manufacturers…
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TotalEnergies launches 100 entrepreneurs for 2024 Startuppers Challenge
By Rukayat Adeyemi Lagos, May 9, 2024 TotalEnergies Nigeria has launched the 2024 Startuppers Challenge, which aims to reward 100…
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NNPC Ltd committed to building huge oil, gas infrastructure to make sector thrive
The Nigerian National Petroleum Company Ltd (NNPC Ltd) says it will continue to invest in the development of huge oil…
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Obi faults cyber security levy
By Monday Ajogun Awka, May 8, 2024 Mr. Peter Obi, the 2023 Presidential Candidate of the Labour Party (LP), has…
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2024 oil bid round not meant for politicians – Minister
By Yusuf Yunus Houston, May 7, 2024 Mr. Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), says the…
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Again, NNPC Ltd cautions against panic buying
…Says 30-days PMS sufficiency intact As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol,…
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CBN exempts 16 items from Cybersecurity Levy…including salaries, loans, pensions, donations
The Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic…
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Oil bid round: FG assures conducive investment environment for investors
By Yunus Yusuf Houston, May 6, 2024 The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has pledged the country’s commitment to break…
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Nigeria needs more public-private partnership to unleash digital economy – U.S
By Funmilola Gboteku Lagos May 6, 2024 The U.S Government on Monday said that Nigeria needs more international Public-Private Partnerships…
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Aircraft technical fault: Shettima aborts US trip, sends Tuggar
By Salisu Sani-Idris Abuja, May 6, 2024 Vice-President Kashim Shettima who was scheduled to represent President Bola Tinubu at a…
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Forensic audit seeks return of stolen government funds, not a witch-hunt – Gov Otti
By Ihechinyere Chigemeri-Uwom Nvosi (Abia), May 5, 2024 Gov. Alex Otti of Abia has said that he initiated forensic audit…
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Nigerian, Ugandan journalists share experiences on impact of oil industry on environment
Nigerian and Ugandan journalists on Saturday concluded a knowledge and experience exchange programme on the environmental impact of oil extraction.…
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Ibom Deep Seaport will be economic catalyst for Nigeria – Gov Eno
Akwa Ibom State Governor, Pastor Umo Eno, has urged Senator Godswill Akpabio, to use his position as the President of…
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Afreximbank to discuss mobilizing investment in African Energy at Invest in African Energy 2024
PARIS, France, May 2, 2024 Director of Project and Asset-Based Finance for the African Export-Import Bank (Afreximbank), Helen Aigbe Brume,…
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Transcorp Group delivers impressive Q1 2024 performance; Sustains revenue growth of 173%, PBT of N45 billion
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors,…
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Transcorp grows revenue to N88.6bn
By Rukayat Adeyemi Lagos, May 1, 2024 Transnational Corporation Plc (Transcorp) says it recorded N88.6 billion revenue as at March…
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