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Inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase costs and selling prices in March. Rates of inflation remained elevated, however, and limited growth of output and new orders as well as leading some firms to reduce employment. The headline figure derived from the …

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 …

Lagos bridge. Photo Credit: Google This is the interesting story of how 86 tenants paid N250,000 annually for a 10×10 and 12×10 rooms under the Dolphin Estate Bridge, Ikoyi, on Lagos Island. This much was revealed on Wednesday by the Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab. …

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 …

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday April 29, 2024 arraigned a former Commissioner for Finance in Kwara State, Ademola Banu before Justice Evelyn Anyadike of the Federal High Court sitting in Ilorin over alleged money laundering and misappropriation of state funds to …

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 …

The Joint Admission and Matriculation Board (JAMB) announced the release of the just concluded Unified Tertiary Matriculation Examination (UTME) results. The tertiary institutions entrance examination for 2024 commenced on Friday, April 19, and was concluded on Monday, April 29, 2024. The Board’s Registrar, Prof. Ishaq Oloyede announced this at a …

The federal government has declared Wednesday, May 1, as a public holiday to commemorate this year’s Workers’ Day celebration. The Minister of Interior, Dr. Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government on Tuesday, April 30. He re-iterated the need for excellence, efficiency and equity in all …

They were first scheduled to be arraigned before Justice Justice Usman Na’abba on April 17 but the arraignment could not go on due to service failure. The Kano State High Court has fixed May 16, 2024 for the scheduled arraignment of the immediate-past governor of Kano State and national chairman …