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Corporate financial reports and strategic plans unveiled by Transcorp, Unilever, and Nigerian Breweries

Transnational Corporation Plc (Transcorp) has reported a significant increase in its gross profit for the year ended Dec. 31, 2023, indicating positive growth in its financial performance. According to Mr. Tony Elumelu, Chairman Board of Directors, Transcorp, the company's gross profit surged by 66.0 per cent to N109.1 billion, compared to N65.77 billion in the previous year. Elumelu emphasised, "The company's profit for the year went up by 93 per cent to N32.5 billion," highlighting a strong financial trajectory. Meanwhile, Unilever Nigeria Plc disclosed a mixed financial performance in its annual report for the same period. While the company witnessed a decline

Tier-one bank sell-offs contribute to NGX market indices decline

Sell-offs in the shares of tier-one banks on Thursday played a significant role in a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices, reflecting a cautious sentiment among investors. Highlighting the market movement, a market analyst stated, "Losses in the share prices of FBN Holdings, Access Corporation, Guaranty Trust Holding Company (GTCO), Zenith Bank, and StanbicIBTC Bank, among others, dragged down the market performance." This downward trend resulted in a decrease of N190 billion or 0.32 per cent in market capitalisation, with the market opening at N59.095 trillion and closing at N58.905 trillion. The All-Share Index also dipped

NERC approves electricity tariff hike for Band A customers, downgrades non-compliant areas

The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariffs, impacting Band A customers who currently receive 20 hours of power supply daily. Mr. Musliu Oseni, Vice Chairman of NERC, announced this decision during a press conference held in Abuja on Wednesday. Oseni highlighted that Band A customers constitute 15 percent of the nation's 12 million electricity consumers. He stated, "The approved tariff adjustment will raise the electricity tariff for Band A customers from N68/KWh to N225/KWh." He clarified that this hike would solely affect customers enjoying the highest level of power supply, with

The role 21st century booksellers play in realising SDG 4—quality, inclusive and equitable education

By Oreoluwa Lesi SDG4 focuses on education and aims to “ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.” It includes seven targets, which cover eliminating disparities in accessing education at the early childhood and primary levels based on gender, ability, and other socio-economic factors and, as much as possible, encouraging all women and men to stay through to the tertiary level; ensuring that all youth and a large proportion of adults are literate and numerate; and ensuring that all learners can get the knowledge and skills needed to gain employment and contribute to sustainable development. When we

The Role of Worldreader in achieving SDG 4 – Inclusive, Equitable and Quality Education: The East African Perspective

By Joan Mwachi-Amolo (Kenya) Sustainable Development Goal 4 (SDG 4) aims to “ensure inclusive, equitable and quality education and promote lifelong learning opportunities for all.” Among its several core targets are universal youth literacy, early childhood development, universal pre-primary, primary and secondary education, and education for sustainable development and global citizenship. To reach SDG 4, unequal access to and quality of education must be fixed, and effective and inclusive learning environments must be created. It also requires supporting teachers, educators, and families as they facilitate learning. Tackling the Global Learning Crisis: The Transformational Power of Reading Reading is the foundation of all learning.

The Role of Libraries in realising SDG 4 – Inclusive, Equitable and Quality Education: The West African Perspective

By Nkem Osuigwe Libraries exist within the formal and informal sectors of the learning ecosystem. They are very important to learning in schools and in the different communities where they live all over Africa. They are critical for achieving an inclusive, equitable, and quality education where no one is left behind including those who are in employment and cannot attend school full-time and/or are taking online courses. They are also critical for those who have fallen through the cracks of the educational system as school dropouts at various stages of their educational journey or out-of-school children. Before School Age Public libraries introduce preschool

What to Do When You Are in the Pit

Psalm 40 These are very difficult and challenging times, but this should not come as a surprise to those who believe in Jesus Christ as their personal Lord and Saviour. In fact, Jesus told His disciples to expect trials. He begins John 16 by stating (John 16:1, 2), “All this I have told you so that you will not go astray. They will put you out of the synagogue; in fact, a time is coming when anyone who kills you will think he is offering a sacrifice to God.” He ends that chapter in a similar vein (16:33), “I have told

Social Media Etiquette for Business Owners

So you're about to start a business, probably having perfected a skill and are ready to start from where you are. It's a business you're starting from scratch with probably very little capital, so getting an office or shop space at the moment may not be ideal. Many started in their garage or a room set up for this purpose. And if it's food-based, then most likely, your kitchen. Before the business gets to the point where you start talking about a workshop, factory, or warehouse, there's a place you start showing up daily. This place is called social media, and many

Embarking on My Commuter Odyssey: Navigating Lagos Metro’s Blue Line Trail

By Oluwaseyi Artemis Alade The two trains run 74 trips daily from 6.30 am to 11 pm. Mile 2 to Marina and back. No cash. Only the Cowry card is used for payment at the entry point. You swipe it on the detector for the turnstile flaps to open. It immediately shows you how much you have left. You will need to swipe again at your arrival station before the final amount is deducted from your card. Purchase your Cowry card at the train station ticket offices and load it with money. I bought mine at the TBS BRT station for

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