NEWSTAGE NEWS

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 […]

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 […]

Ecobank Partners Nigeria Chess Federation, Set to Host Competition

by Olusegun Edwards
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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 […]

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

by Olusegun Edwards
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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 […]

29 Suspected Yoruba Nation Agitators Remanded By Court

by Olusegun Edwards
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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 […]

Nigeria Witnesses Third Electricity Grid Collapse in 2024

by Olusegun Edwards
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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 […]

Oyo LG Poll: Makinde, Rates PDP Better Than APC, LP, NNPP

by Olusegun Edwards
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With the local government election scheduled to hold on the April 27th in Oyo State, Governor Seyi Makinde has said that the Peoples Democratic Party (PDP) remains the best option among other political parties in the state. He declared that PDP “is better and people-oriented” than the APC, Labour Party, NNPP and others. Makinde said […]

El-Rufai Tells Tinubu To Amend Policies Not Yielding Desired Results

by Olusegun Edwards
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Former Governor of Kaduna State, Malam Nasir El-Rufai, has advised President Bola Tinubu to drop any of his appointees who failed to deliver on his mandate. El-Rufai said this when he spoke with newsmen in Maiduguri, Borno State on Monday, urging the president to also explore the possibility of amending some of his policies that […]

UBA Mulls Fresh Capital As Shareholders Fund Hits Excess of N2tn

by Olusegun Edwards
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With an excess of N2 trillion shareholders fund, the management of Africa’s global bank, the United Bank for Africa (UBA) has stated that in due course, it plans to raise fresh capital in line with the Central Bank of Nigeria directives. The Group Managing Director & Chief Executive Officer of UBA, Oliver Alawuba, reiterated this […]

Dosunmu Market Fire:Isale Eko Descendants Union Chairman Visits Scene, Calls For Comprehensive Reset of Lagos Island CBD

by Olusegun Edwards
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The Chairman of the Isale Eko Descendants Union, IDU, Mr Adeniji Kazeem SAN has commiserated with the Lagos State Governor, Mr Babajide Sanwo-Olu, the good people of Lagos Island and all affected by the calamity on the damage, massive loss of personal property and buildings of ordinary citizens following the devastating fire incident that struck […]

Kano APC Sacks Ward Leaders Over Ganduje’s Suspension

by Olusegun Edwards
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The Chairman of All Progressives Congress in Kano Abdullahi Abbas, has announced the endorsement of the suspension of Ganduje ward leaders, over alleged connivance with the opposition party to suspend the National Chairman of the party Abdullahi Umar Ganduje. In an interview with Journalists in Kano Monday, Abbas said the State Working Committee of the […]

NASENI, NIPSS To Collaborate On Enhancing Digital Economy, Job Creation

by Olusegun Edwards
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The National Agency for Science and Engineering Infrastructure (NASENI) and the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State are set to collaborate on enhancing Nigeria’s digital economy footprints, empowering and creating jobs for millions of youths. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO), NASENI, Mr. Khalil Suleiman Halilu, disclosed […]