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Transcorp Power Posts 775% PBT Jump in Q1 2024 Along Impressive Revenue Growth

• by Olusegun Edwards
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Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in […]

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Court Grants Nigerian’s Plea to Amend $150m Suit Versus Google, GoDaddy.Com

• by Olusegun Edwards
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A Nigerian Federal High Court, sitting in Abuja has granted an application by a Nigerian, Mr Chianugo Peter, to amend his originating processes filed to seek $150 million in compensation from Google and GoDaddy.com. Justice Obiora Egwuatu granted the application after lawyer to Google LLC, Oluwaseyi Ogundiran of Aluko & Oyebode Law Firm, did not […]

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Ecobank Partners Nigeria Chess Federation, Set to Host Competition

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Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with the Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. Ecobank in a statement said the competition is scheduled to hold between in May 2024, is open to students from primary, Secondary and Tertiary education level […]

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Tinubu Aplauds Dangote Group for Reduction in Diesel Price By 60%

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President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited for reducing the pump price of Automotive Gas Oil (AGO), also known as diesel. The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as […]

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29 Suspected Yoruba Nation Agitators Remanded By Court

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A Chief Magistrates’ Court in  Iyaganku Ibadan, the Oyo State capital, has ordered the remand of 29 suspected Yoruba Nation agitators for invading the premises of the state Secretariat in Ibadan on Saturday. The defendants were arraigned on Wednesday for their various involvements in the failed invasion of the secretariat and the Governor’s Office. Some […]

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Nigeria Witnesses Third Electricity Grid Collapse in 2024

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The national electricity grid has collapsed for the third time in 2024, again throwing the nation into total blackout. It was learnt that the grid collapsed around 2:42 am on Monday, with generation dropping to 64.70mw. After the grid collapsed, Ibom Power was the only plant online, according to available data. Already, Jos Disco has […]