Transnational Corporation of Nigeria (Transcorp) Plc, Nigeria’s largest, leading listed conglomerate with investments in Hospitality, Power, and Oil and Gas sectors, has reported significant performance, across all its major investment lines, for the financial year ended December 31, 2021. Notwithstanding the tough operating and business environment, the conglomerate saw its revenue leap appreciably by 48%…
Finally, the four finalists who will share the $4,450 Savvy Prize 2022 for Impact-Driven Entrepreneurs have emerged. This Prize, running for its first year, seeks to recognize and support the efforts of Savvy Fellows working to solve some of the world’s most pressing problems through innovative and sustainable ways. The debut edition of the Savvy…
Professor Olugbenga Awobusuyi, a Consultant Nephrologist and Head of Nephrology Unit, Lagos State University Teaching Hospital (LASUTH), has stated that regular health checks can save the kidney from contracting dangerous diseases. The Nephrologist spoke during an advocacy campaign with the Chief Medical Director of LASUTH, Professor Adetokunbo O. Fabamwo, members of the hospital management and…
Operatives of the National Drug Enforcement Agency, NDLEA, have seized over 1.9 million tablets of Tramadol and Codeine imported into the country from Pakistan and United Kingdom through the Murtala Muhammed International Airport, MMIA, Ikeja Lagos. A statement released by Femi Babafemi, Spokesman of the NDLEA stated that of the total seizures, 40 cartons of…
Following Wednesday morning fire incident that engulfed some makeshift shops and containers under the Eko Bridge at Oke Arin, Apongbon, thereby affecting some parts of the bridge, the Lagos State Government has issued a 48 hours’ notice to squatters under the Bridge to vacate the area. The Special Adviser to the Governor on Central Business…
Leading Nigerian bank, Fidelity Bank Plc, has been commended for simplifying digital payments and the customer journey following the recent launch of PayGatePlus, a one-stop solution for payments that caters essentially for all business categories within the financial ecosystem. Powered by OnePipe, PayGatePlus is a next-generation embedded finance platform which enables organisations in any sector…
Stanbic IBTC Bank PLC, a subsidiary of Standard Bank Group, has urged Nigerian investors and business owners to harness and maximise the business opportunities that are inherent in the African Continental Free Trade Area (AfCFTA) agreement. This will help boost intra-Africa trade beyond the current level of 17 per cent as well as promote industrialisation…
President Muhammadu Buhari yesterday commissioned the new 3 million Metric Tonnes capacity per annum state-of-the-art Dangote Fertiliser Urea Plant, with an emphatic assurance that the project would give a huge fillip to Nigeria’s agricultural sector, which revitalisation has been a focal point of his administration’s economic policy. The new plant, which he commissioned in the…
The Senate, will tomorrow, Wednesday, March 23, 2022, consider a motion to discuss the recent judgment by a Federal High Court sitting in Umuahia, nullifying the provisions of Section 84(12) of the newly amended Electoral Act 2022 passed by the National Assembly. Justice Evelyn Anyadike, in a judgment, held that the Section of the Act…
Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its supports to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign exchange repatriation from the non-oil exports over the next three to five years. At a…