Efforts to fully recover the national grid are almost complete following a partial disturbance on Monday, the Transmission Company of Nigeria (TCN) has said The disturbance occurred at approximately 6:48 p.m., prompting immediate recovery efforts. Mrs Ndidi Mbah, TCN’s General Manager of Public Affairs, in a statement on Tuesday,[Read More…]
The National Bureau of Statistics (NBS) has reported Nigeria’s headline inflation rate increasing to to 32.70 per cent in September 2024. The Statistician-General of the Federation, Adeyemi Adeniran, revealed in a statement issued on the Consumer Price Index (CPI) and Inflation Report for September 2024 in Abuja on Tuesday[Read More…]
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has reported a revenue of N223.6 billion, representing a significant 153% growth year-on-year, over N88.4 billion in Q3 2023, The company announced the financial results for the third quarter of the year ending September 30, 2024, indicating remarkable[Read More…]
Nigeria’s premier financial institution, FirstBank has announced the 63rd edition of the FirstBank Lagos Amateur Open Golf Championship. The bank said that the international golf tournament, held under the First@Sports initiative, reinforced its unwavering commitment to sports development and nation-building. Group Head, Marketing and Corporate Communications, FirstBank, Folake Ani-Mumuney said,[Read More…]
Nigerians woke up today to another round of increase in the pump price of petrol as filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited increased the pump price of fuel to N1.030 per lite in Abuja and N991 per litre in Lagos. Consequently, transport costs[Read More…]
A student of The Ambassadors’ College, Ota, Ogun State, Miss Iremide Ogunyemi, has won N2 million cash, a publishing deal worth N2 million and another N2 million to upgrade her school’s library after emerging the star prize winner of the inaugural edition of the Fidelity Bank organized Read2Lead[Read More…]
Union Bank Reaffirms Support for Education in Nigeria …Backs 10th Edition of Maltina Teacher of The Year Union Bank of Nigeria, in continuation of its on-going efforts to improve the standard of Nigerian education, has partnered with Nigeria Breweries, makers of Maltina malt drink, as the[Read More…]
Two Federal Government of Nigeria (FGN) bonds have been offered for subscription in October at N1,000 per unit. A Debt Management Office (DMO) statement said the first offer is a two-year FGN savings bond due on Oct. 16, 2026, at an interest rate of 17.084 per cent per[Read More…]
Polaris Bank partners UI, NCF on environmental conservation, tree planting Polaris Bank Limited has collaborated with the University of Ibadan (UI) and the Nigerian Conservation Foundation (NCF) on environmental conservation through a tree planting initiative. This was disclosed during a courtesy visit to the UI Vice Chancellor, Prof. Kayode[Read More…]
The Central Bank of Nigeria has introduced an Electronic Foreign Exchange Matching System, (EFEMS) aimed at transforming the country’s foreign exchange market. This new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled for November.[Read More…]
