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 Read More…
On February 15, 2024, the Governor of Lagos State, Babajide Sanwo-Olu, sparked controversy with his announcement to “clear” homeless communities residing under bridges across the city. The Governor, quoted by The Guardian on February 16, 2024, cited concerns about aesthetics, security, and traffic congestion as motivating factors, stating: “We cannot allow people to turn under Read More…
In a proactive move to oversee the advancement of crucial medical infrastructure projects in Lagos State, the Commissioner for Health, Prof. Akin Abayomi, and the Permanent Secretary, Lagos State Ministry of Health, Dr. Olusegun Ogboye, conducted a thorough inspection visit on Saturday to the construction site of the 130-bed new Massey Street Children’s Hospital on Read More…
WaterAid Nigeria, in collaboration with Cummins West Africa Limited, has introduced a ₦1 billion grant dedicated to bolstering water, sanitation, and hygiene (WASH) interventions in Lagos and FCT, addressing the prolonged water scarcity plaguing Lagos State. At the launch of the three-year project in Abuja, WaterAid Country Director, Ms. Evelyn Mere, highlighted the mission to Read More…
In Lagos on December 5, 2023, Heirs Insurance Group announced the donation of a 30KVA solar power station to the Ikoyi Passport Office of the Nigeria Immigration Service (NIS) to enable round-the-clock passport production. Dr. Awele Elumelu, Non-Executive Director of Heirs Holdings, highlighted the initiative’s objective, stating, “Through this project, Heirs Insurance Group demonstrates its Read More…
Governor Babajide Sanwo-Olu of Lagos State urged global collaboration in implementing the state’s climate adaptation and resilience plan during his address at a COP28 side event in Dubai. Sanwo-Olu emphasised three key areas with substantial potential for global development: waste management and recycling, public transportation, and renewable energy. He highlighted these sectors as vital opportunities Read More…
Nigeria reached a significant milestone in its sustainability drive, unveiling the Long-Term Low Emission Development Strategy (LT-LEDS) during the ongoing COP28 in Dubai. The event, held at the esteemed African Pavilion in the Blue Zone, witnessed dignitaries and global delegates marking this groundbreaking launch. Professor Chukwumerije Okereke, Director of the Centre for Climate Change and Read More…
In a significant move towards sustainable practices, Fidelity Bank Plc announced its official endorsement of the UN Principles for Responsible Banking (PRB), aligning its operations with a unified framework aimed at fostering a sustainable banking industry. The collaboration, fostered by the United Nations Environment Programme Finance Initiative (UNEP FI), promotes a collective effort among banks Read More…
Governor Babajide Sanwo-Olu has reaffirmed Lagos State’s dedication to harnessing technology for sustainable solutions to indigenous challenges. Speaking at the Endeavor Nigeria’s Annual Scale Up Entrepreneurship Summit in Victoria Island, the governor emphasized technology’s role in ensuring food security, efficient transportation, quality healthcare, and education. Sanwo-Olu highlighted the government’s initiatives, emphasizing the importance of infrastructure Read More…
In Ikoyi, Lagos, the Environmental Special Offences Court has levied fines and community service penalties on 40 individuals guilty of indiscriminate waste disposal, highlighting the severity of their actions and their adverse effects on the environment. Each offender received a fine of ₦30,000 or an alternative sentence of six hours of community service in specified Read More…
