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Transcorp Power reports 165% PAT growth for 2024, declares N3.50 final dividend
Transcorp Power Plc hit significant milestones in financial performance for the fiscal year 2024, signalling further robust growth in revenue and profitability. In the Company’s latest audited results, submitted to the Nigerian Exchange Limited (NGX), Transcorp Power reported a 115 per cent increase in revenue and 165per cent growth in Profit After Tax (PAT), demonstrating strong operational leadership and strategic…
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Nigeria’s public debt increases to N142.3trn in Q3 2024, says DMO
Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97per cent or N8.02 trillion compared to N134.3 trillion in June 2024. This is according to the latest data released by the Debt Management Office (DMO). Data from the DMO showed that Nigeria’s external debt in dollar terms grew marginally by 0.29pe cent,…
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MTN Nigeria obtains NCC approval for renewal, harmonisation of 800MHz spectrum licences
MTN Nigeria Communications Plc has notified Nigerian Exchange Limited and the investing public that the Nigerian Communications Commission (NCC) has approved the renewal of its first 800MHz Spectrum band licence (Channel 1) for an additional ten years, effective from 1 January 2025 to 31 December 2034. The NCC has also approved the extension of the second 800MHz spectrum band licence…
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EFCC to e-auction forfeited vechicles
The Economic and Financial Crimes Commission has said it will e-auction some of the forfeited vehicles to the public. A statement by the commission noted that the exercise will take place on Monday, January 27, 2025, from 11:00 am to 4:00 pm, as it will be conducted online. The exercise is spread across 16 lots with auctioneers in Abuja, Edo,…
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Deeper Life GO, Pastor Kumuyi to attend Trump’s inauguration
Pastor William Kumuyi, General Superintendent of the Deeper Life Bible Church, is currently in the US on invitation to attend today’s inauguration of Donald Trump as the 47th President of the United States. Kumuyi’s invitation, as a global spiritual leader, was confirmed by A. Larry Ross Communications, a prominent public relations firm based in the United States. In a post…
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No allocation for 700-km Lagos Calabar coastal Highway in 2025 budget, says BudgIT
BudgIT, has raised concerns over irregularities found in the 2025 Budget as made available on the website of the Budget Office, pointing out that, allocation was not made for the Lagos Calabar Coastal Road, a project the Bola Ahmed Tinubu government embarked on last year. Nigeria’s civic-tech organizsaion, noted that, the breakdown of the allocations to some of the Ministries…
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Tinubu celebrates Minister Tanko Sununu on Danmadin Yauri title
By Kunle Sanni President Bola Tinubu has congratulated Dr. Tanko Sununu, Minister of State for Humanitarian Affairs and Poverty Reduction, on his conferment of the prestigious title of Danmadin Yauri by the Emir of Yauri, His Royal Highness Muhammed Abdullahi, in Kebbi State. In a statement released on Friday by his spokesperson, Bayo Onanuga, President Tinubu praised the Emir for…
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Clement Adesuyi Haastrup emerges new Owa Obokun of Ijesaland
By Deborah Oladejo, Osogbo Prince Clement Adesuyi Haastrup of the Bilaro Oluodo Ruling House has been elected as the new Owa Obokun Adimula of Ijesaland. Isaac Haastrup, spokesperson for the ruling house, confirmed the development in a Facebook post, announcing that Prince Haastrup, formerly the Looja of Ijesaland, has been chosen as the Owa Obokun Ajimoko III and Paramount Ruler…
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Smoking: NAFDAC refutes claims of approving ‘Lung Detox Tea’
The National Agency for Food and Drug Administration and Control (NAFDAC) has refuted report of claims that it grant approval to Lung Detox Tea amid promoting smoking The Director-General/CEO, NAFDAC, Prof. Mojisola Adeyeye in a statement on X stated that the agency has been drawn to a misleading video circulating on social media, alleging that it approved the registration of…
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NITDA, API release whitepaper on framework for Online Harms Protection Bill
The National Information Technology Development Agency (NITDA) and the Advocacy for Policy and Innovation (API) have released a Whitepaper on the framework for an Online Harms Protection Bill in Nigeria. NITDA, in a statement issued on Thursday by its Director, Corporate Communications and Media Relations, Hadiza Umar, said the document was developed in collaboration with Advocacy for Policy and Innovation…
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