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Transcorp Power posts 115% rise in revenue

24.01.2025
Transcorp Power Plc, a Transcorp Group power business, says it has hit significant milestones in its financial performance for the full year ended 2024, signalling further growth in revenue and profitability. In the company’s latest audited results, released to the Nigerian Exchange on Thursday, Transcorp Power reported a 115 per cent increase in revenue and...
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Nigeria’s FX reserves plunge by $832m in two weeks

24.01.2025
Nigeria’s foreign exchange reserves have recorded a significant decline within two weeks this January, dropping by $832.62m between January 6 and January 21. Data from the Central Bank of Nigeria published on its official website highlights this development, marking the sharpest fall in reserves since April 2024. The decline raises fresh concerns over the nation’s...
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Govt approves N4bn cash transfer for vulnerable households

24.01.2025
The Federal Government has approved N4bn for conditional cash transfers to vulnerable households in Nigeria. During the launch of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday, Minister of Humanitarian Affairs and Poverty Reduction, Prof Nentawe Yilwada announced the interventions to address the country’s deepening humanitarian...
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FG targets N450bn in January 2025 bond auction

24.01.2025
The Federal Government, through the Debt Management Office, has announced plans to raise N450bn through its January 2025 bond auction. This figure surpasses the N360bn offered in January 2024 and the N120bn from December 2024. The initiative is part of efforts to bridge the fiscal deficit and meet financial obligations while providing investment opportunities for...
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Nigerian voiceover artist bags SOVAS Award

24.01.2025
A Nigerian artist, Deborah Johnson, professionally known as Debby Vanilla, has won the Society of Voice Arts and Sciences Award for Spoken Word, joining the list of a few Africans to have earned the prize. According to a statement, the award ceremony, where the world’s top voice talents were honoured, took place at the Beverly...
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Wakanow unveils plans to boost intra-African travel

24.01.2025
The Chief Executive Officer of Wakanow Group, Adebayo Adedeji, has shared his vision for boosting economic growth across Africa through increased intra-African travel. Making this disclosure during a recent interview with CNN’s Marketplace Africa, Adedeji emphasised the company’s commitment to leveraging fintech innovations, forming strategic airline partnerships, and investing in local travel operators to make...
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179 oil theft incidents uncovered in one week – NNPCL

24.01.2025
The Nigerian National Petroleum Company Limited says it uncovered 179 incidents of crude oil theft in the past week. The company affirmed that the war on crude oil theft and vandalism rages on as industrywide security collaboration continues to safeguard hydrocarbon infrastructure. A video released by the NNPC shows the incidents recorded between January 11...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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