Vice President Yemi Osinbajo Commissions Transcorp’s Afam 240MW Three Fast Power Turbines
Written by Kunle Awosika
10 May, 2023
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo on Tuesday commissioned Transafam Power - a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity of the plant to 1,000MW.
Transcorp Power, First Power Generation Company to Fulfil All Privatisation Obligations, Receives Discharge Certificate from Federal Government of Nigeria
Written by Kunle Awosika
08 May, 2023
Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatization conditions.
Sudan: Dangote supports Nigerian returnees with N100,000 each
Written by Kunle Awosika
05 May, 2023
The Aliko Dangote Foundation (ADF) has commenced the disbursement of hundred thousand naira (N100,000) and Dignity Packs to each of the Nigerian returnees from Sudan.
Nneka Onyeali-Ikpe’s impressive performance records stellar results for Fidelity Bank’s FY 2022
Written by Kunle Awosika
28 April, 2023
Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today.
Trouble Looms as Jite Okoloko Battles Sahara Energy, NNPC over Oilfield
Written by Kunle Awosika
19 April, 2023
A storm is brewing in the oil and gas industry. It involves top dogs like Onajite Okoloko, the chairman of Eroton Exploration & Production Company Limited, Sahara Energy, and the Nigerian National Petroleum Corporation (NNPC) Limited. Okoloko, a co-founder of OandO Plc and formidable oil and gas player, started Eroton Exploration & Production Company (Eroton) in August 2013 as an independent and indigenous oil and gas company. The company commenced operations in 2015 and has become a key player in the upstream sector with a critical interest in the Niger Delta petroleum sector.
An Impressive Start: UBA Group Posts 47.5% Growth in Gross Earnings, Profit Hits ₦61.4bn
Written by Kunle Awosika
16 April, 2023
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2023, recording remarkable growth across all its major income lines.
Dangote Sugar pays N18.22bn Dividends, to produce 170,000 Tonnes next season
Written by Kunle Awosika
16 April, 2023
Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders.
GTCO Plc Releases 2022 Full year Audited Result…
Written by Kunle Awosika
14 April, 2023
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).
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