Three major Nigerian companies, Transcorp Power Plc, Cadbury Nigeria Plc, and Geregu Power Plc, have released their end-of-year reports, revealing a mix of financial outcomes for the year ended Dec. 31, 2023. Transcorp Power Plc reported a significant surge in profit before tax (PBT), with Mr Stanley Chikwendu, Group Company Secretary, confirming a profit of Read More…
The Nigerian Exchange Ltd. (NGX) witnessed a decline in the value of transactions on Tuesday, following the Easter break, with market activities showing a decrease in trade turnover compared to the previous session. According to analysis, a total of 545.49 million shares valued at N14.61 billion were exchanged in 12,747 deals, marking a 13.81% decrease Read More…
Nigeria plans to axe electricity subsidies for a select group of consumers in a bid to rein in ballooning public finances, the presidency announced on Tuesday. This move follows a series of reforms undertaken by President Bola Tinubu aimed at stimulating economic growth. “With the huge subsidy burden and high cost of gas … the Read More…
Tragedy struck in Lagos on Tuesday when a collision involving three commercial vehicles resulted in the death of a male pedestrian. The accident, which occurred at Ketu by Demurin Junction inward Kosofe, Lagos, at approximately 6:45 a.m., involved a Toyota Hiace Bus and two Volkswagen commercial buses. Confirming the incident, Mr. Adebayo Taofiq, Director of Read More…
In a heart-wrenching incident, an Israeli airstrike claimed the lives of seven aid workers associated with the World Central Kitchen (WCK) in Gaza. The tragedy unfolded during a humanitarian mission, leaving the international community in shock and prompting urgent calls for answers and justice. The airstrike, which occurred on a WCK convoy, resulted in the Read More…
In a historic moment for Senegal, opposition candidate Bassirou Diomaye Faye, once imprisoned for his political beliefs, was inaugurated as the nation’s youngest president at the age of 44. Faye’s ascension to power symbolises a new chapter for the West African nation, marked by promises of stability and economic advancement. Following a landslide victory in Read More…
In a significant move, the Lagos State Judiciary has announced that effective from April 1, 2024, all remote court or virtual proceedings will now attract a fee of N30,000 per session. This directive was issued by the Honorable Chief Judge of Lagos State, Justice Kazeem Olanrewaju Alogba, and communicated through a circular from the Office Read More…
At 58 years old, boxing legend Mike Tyson continues to captivate audiences worldwide, with fans eagerly anticipating his upcoming showdown against Jake Paul on July 20 in Texas. Despite his age, Tyson remains a crowd puller, drawing immense interest from spectators eager to witness the former heavyweight champion in action. The highly anticipated bout between Read More…
In a thrilling showcase of skill and determination, Nigeria’s Cpl Juliet Ukah, hailed as the country’s female fighting sensation, showcased her prowess in Mixed Martial Arts (MMA) by securing a decisive victory over Eunice Akello of Uganda. This triumph marked Ukah’s continued dominance in the MMA arena, extending her unbeaten streak on Nigerian soil. Ukah, Read More…
In a significant development, the Lagos State Police Command has apprehended four individuals suspected of vandalising and stealing armoured cables that belong to the Lagos State Government. Here are the details: According to Police spokesperson SP Benjamin Hundeyin, the suspects—Oseni Yusuf, Richard Solomon, Emmanuel Ezeobi, and Isaac Shedrach—were taken into custody by a Police patrol Read More…
