Author: Ifetayo Adeniyi

Collective Interim Dividend Of N16.34bn As Transcorp Group’s Shareholders Gain …hospitality giant saw its revenue leap by 61 percent, reaching N29.7billion, profit before tax rose by an astounding 192 percent …Transcorp Plc: N4.064bn, Transcorp Power: N11.250bn, Transcorp Hotels: N1.024bn In an unprecedented move, shareholders of Transnational Corporation Plc (Transcorp Group) and its subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc, are basking in the glow of an extraordinary financial windfall, as the multilateral group announced a collective interim dividend payout of N16.34 billion, the first time in over a decade history of Nigeria’s conglomerate. A statement by the Group described…

What you need to watch out for to know if it is Monkeypox The spread of Monkeypox has called for the need to discover its symptoms so that it can be curtailed before causing further harm to its victim. This is a rare viral disease that can cause serious illness in humans. Understanding the symptoms of monkeypox is important for early detection and treatment, which can help prevent the spread of the virus and reduce the severity of the disease. These are some symptoms of monkeypox. 1. Fever One of the earliest symptoms of monkeypox is a sudden onset of…

Skitmaker, Son of the Prophet desist from mimicking Bishop Oyedepo’s attitude White Barry made a tough decision which would definitely have impact on his career. This he said was not convenient but a must do. “We all have to make tough decisions for the days ahead, for the future that God is preparing us for,” he said. White Barry, also known as White Olasunkanmi Barry, and widely recognized as the “Son of the Prophet,” recently made a significant announcement that has stirred the hearts of many. In a heartfelt video shared online, White Barry revealed his decision to step down…

Share buyback program: Airtel Africa to start the second tranche worth $50 million The second tranche of the share buyback, which is anticipated to end before December 19, 2024, will amount to a maximum of $50 million. Airtel Africa has announced that it is commencing the second tranche of its share buyback program worth $50 million. The telecommunications giant published this information on the NGX disclosure page on August 19, 2024. It outlined plans for the buyback on February 1, 2024, and March 1, 2024, stipulating that 34,896,112 aggregate numbers of ordinary shares will be purchased from Citigroup Global Markets…

HSD to Confer “Emerging Leader in Philanthropy” Award on Osahon Okunbo The Chairman of Wells Carlton Hotels & Apartments, Abuja, and Founder of the Osa Okunbo Foundation, Mr. Osahon Okunbo, will receive the prestigious “Emerging Leader in Philanthropy” award from the Humanitarian Service Diamond Awards (HSD Awards) on Tuesday. Osahon, son of the late Captain Idahosa Wells Okunbo, has successfully carried on his father’s business legacy and philanthropic efforts. The award presentation will take place at the luxurious five-star Abuja Continental Hotel in Abuja, the nation’s capital. Other notable awardees are Prince Arthur Eze, Borno state Governor, Babagana Zullum, River…

Divine intervention is the answer to Nigerians request – MFM’s Olukoya Pastor Daniel Olukoya, General Overseer, Mountain of Fire and Miracles Ministries “What we need really is divine intervention. We need to pray for divine intervention. The General Overseer, Mountain of Fire and Miracles Ministries (MFM), Dr Daniel Olukoya, has urged Nigerians to continue to pray for God to lay His hands upon the whole nation and the country’s leaders so that they will take the right decisions and help the people. Olukoya said this while speaking with journalists at the end of the church’s 35th anniversary celebration and thanksgiving…

MTN gets permits to generate electricity, Others The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the commission, Golden Penny Power Limited got a licence to build six off-grid gas plants in Lagos, Oyo, Ogun, and Cross River states. The total capacity is 100MW. Also, MTN was granted a permit to…

NNPC to use the 2023 final dividends to cover the cost of petrol subsidies NNPC informed the president that, due to the subsidy payments, it is currently unable to pay taxes and royalties. President Bola Tinubu has approved the Nigerian National Petroleum Company (NNPC) Limited to use the 2023 final dividends owed to the federation to cover the cost of petrol subsidies. In addition, the president has approved a halt on the payment of 2024 interim dividends to the federation to help boost NNPC’s cash flow. Also, NNPC informed the president that, due to the subsidy payments, it is currently…

In A Bid To Empower Youths for Global Competitiveness, NITDA Drives Nigeria’s Digital Transformation CWAI also notes that NITDA’s efforts will increase the dividends of democracy, as a educated and healthy youthful population can provide a boost to economic development. NITDA’s Director-General, Kashifu Inuwa Abdullahi, recently outlined the agency’s vision for Nigeria, emphasizing the importance of technological innovation in driving inclusive economic growth. This aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes digital literacy and talent cultivation as one of its eight key pillars. In a bid to establish Nigeria as a globally renowned center and hub…

Though threatened, I added over 1,000MW of electricity to the national grid capacity in one year – Adelabu “We have raised the electricity generated capacity from 4,000MW to 5,155MW recorded on the 8th of August, 2024. In the past, it took the country over 25 years to achieve 2,000MW of power and it took between 1984 and today to achieve additional 2,000MW. Minister of Power, Adebayo Adelabu on Sunday disclosed that he receives threat calls from unknown forces in the power industry who are not happy with his policies which he noted to have been yielding positive results. Adelabu while…