The former Governor of Lagos and Leader of the All Progressive Congress (APC), Bola Ahmed Tinubu has donated the sum of N50 Million to the Kaduna State Government for the rehabilitation of the Victims of the Terrorists Attack on the Abuja-Kaduna Passenger Train. Tinubu, who was accompanied by former Governor of Borno State, Senator Kashim…
The Senate has extended the implementation year of the 2021 Appropriation Act from 31st March to 31st May, 2022. The extension was approved following the consideration of a bill to amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing Orders 2022 (as amended), to enable the…
Transcorp Hotels Plc paid a total dividend of N717 million to its shareholders at its 8th Annual General Meeting held at Transcorp Hilton Abuja on Monday. The Chairman of the Board of Directors, Mr. Emmanuel Nnorom stated that the Company closed the 2021 financial year strongly, with an impressive gross revenue of N22bn, surpassing its…
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa. Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant at Ibeju-Lekki, Lagos, said the project…
Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that the bank grew Gross Earnings by 21.6% YoY (23.2% QoQ) to N250.8bn driven by a combination…