Business

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion …

Globacom, provider of digital telecommunications services, has congratulated Nigerian workers on this year’s International Workers’ Day, urging them to recommit themselves to excellence in order to advance the growth of Nigeria. In a statement of solidarity made public on Tuesday, Globacom praised workers’ fortitude in the face of current difficulties, …

Stanbic IBTC Asset Management has launched the Investbeta game show, a distinctive and innovative initiative to improve financial literacy among young adults. The Investbeta game show will offer engaging quiz-style challenges covering various critical financial segments. From savings and budgeting to investments and retirement planning, the platform aims to teach …

Queues have begun to vanish from filling stations across Nigeria’s major cities after the Nigerian National Petroleum Company Ltd intervened in the logistic issues that had breached the supply of premium motor spirit (PMS). Findings by this newspaper across filling stations in Abuja showed that queues are disappearing and normalcy …

…As Q1 revenue rise by 20.1% to N122.7bn   Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this …

MTN Logo Nigeria’s biggest telecoms provider, MTN Nigeria Plc is battling with the country’s harsh operating environment which has dragged it to a N392.6bn loss after tax between January and March. The situation has made the company to lobby for regulatory permission to hike its tariff for voice and data …

Independent Petroleum Marketers Association Of Nigeria (IPMAN) The Independent Petroleum Marketers Association Of Nigeria (IPMAN), an association that oversees the distribution of petroleum products, has cautioned consumers of premium motor spirit (PMS) against panic buying saying the Nigerian National Petroleum Company Ltd is on top of the situation. The National …

Femi Falana SAN Human rights lawyer, Femi Falana, has critised the Federal Government over its recent decision to increase electricity tariffs, alleging that the move is a direct result of pandering to the dictates of the International Monetary Fund (IMF) and the World Bank. In a televised interview on Channels …

NUPRC Chief Executive, Gbenga Komolafe The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has said that how it conducts licensing rounds and gas commercialisation shows its level of transparency and accountability in carrying out its regulatory functions. The NUPRC said it is also focused on leading effective upstream oil and gas operations to …

Despite the increase in price by cement manufacturers early in the first quarter of the year, BUA Cement Plc has recorded 49.1 per cent fall in profit after tax to N17.96bn from N26.8bn it gained in the same period in 2023. The country’s second-largest cement maker’s unaudited financial statement for …