Transnational Corporation of Nigeria Plc (Transcorp) has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. The Group, Nigeria’s leading diversified listed conglomerate,…
FirstBank attributes growth to innovations, service delivery
First Bank of Nigeria Limited has said that its success story is based on innovations and reinvention of products and services aimed at satisfying customers’ needs and aspirations. According to a NAN report, Dr. Adesola Adeduntan, the Bank’s Managing Director, stated…
I can’t get married on what I earn now -Ajidahun Oluwatobi
Ajidahun Oluwatobi says he would like to get married but the reality is that he cannot if he depends on what he is earning right now. Although he says he is a businessman, who is into oil and gas, he…
Fuel scarcity looms as NUPENG, PENGASSAN issue strike notice (Vanguard)
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and its Petroleum and Natural Gas Senior Association, PENGASSAN, have threatened to shut down the nation’s Petroleum industry of alleged plans to sack thousands of workers from its operations nationwide. NUPENG…
Nigeria’s economy out of recession, NBS insists (PremiumTimes)
The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession. The Head of Public Affairs and International Relations Unit, Sunday Ichedi, said this in a statement in Abuja. Ichedi was reacting to claims that…
Nigeria wastes $1trn earned in oil booms- Report
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil booms to develop and diversify its economic base, a report…
Osinbajo intervenes in Total’s $16bn Egina oilfield dispute
Yemi Osinbajo, acting president is set to be in Lagos Friday in an effort to resolve the dispute threatening the ongoing integration of the $3.3 billion Floating Production Storage Offloading (FPSO) unit constructed for the $16 billion Egina Deepwater oilfield…
Militants threaten to renew hostilities on oil facilities in Nigeria
Agitators and militants in the Niger Delta of Nigeria hinted on Tuesday, a return to hostilities on oil facilities in the region after they called off the subsisting seven-month ceasefire with the country’s Federal Government brokered November last year, by…
