The Minister of Works, Dave Umahi, on Friday threatened to terminate the multi-billion naira Benin/Sapele and Ologbo Road reconstruction if the contractors, Levant Construction Company, failed to comply with the scope and specification of the work. The minister expressed dissatisfaction with the work and subsequently ordered the ministry’s supervising engineers to issue a warning letter to the contractors on Monday ... Read More »

Our subsidiary, Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than NTranscorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding ... Read More »

By; Vitalis Obidiaghaa Briefing the Press after the Federal Executive Council meeting presided over by President Bola Tinubu at the State House, Abuja, on Monday, 26th February, 2024, the Minister of Works, Senator Dave Umahi, announced that Nigeria’s Federal Executive Council (FEC) has approved a N1.06 trillion contract for the construction of the first phase of the coastal road from ... Read More »

The Central Bank of Nigeria (CBN) has announced a further decrease in the exchange rate used to calculate import duties at seaports. This reduction comes after a period of relative stability in the exchange rate between the Naira and US Dollar. As of Monday, March 4, the new rate for calculating customs duties is N1,544.081 per US Dollar. This represents ... Read More »

The Special Adviser to Lagos State Governor on Housing, Barakat Odunuga-Bakare, has disclosed that the state’s monthly rental scheme will be enforced before the end of 2024 or early next year. She stated it during a recent press briefing of the Lagos State Real Estate Regulatory Authority in Ikeja, Lagos. She said, “We all see what is being done in ... Read More »

The House of Representatives Committee of Financial Crimes has resolved to recommend that the House invokes its powers to subpoena and arrest executives of Binance. This followed the failure of executives of the company to appear in an investigation hearing by the Committee on Monday, March 4. Chairman of the Committee, Hon Ginger Obinna Onwusibe, said the executives of the ... Read More »

Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.There will be a “Facts Behind the Listing” at the NGX Group House at 2:45pm, where the Management of TP Plc, led ... Read More »

Caption 1: The Founder, Tony Elumelu Foundation and Group Chairman, UBA, Mr. Tony O. Elumelu: Faculty member and Professor of Business Administration, Harvard Business School(HBS), Professor Paul Gompers, flanked by students of the HBS during the introduction of Tony Elumelu Foundation Case Study as part of Harvard’s Curriculum in Boston, Massachusetts on Thursday. Two men in suits standing in front ... Read More »

President Bola Ahmed Tinubu’s two-day official visit to the State of Qatar will assume full gear today with the signing of seven agreements between Nigeria and the Middle East country. The visit had begun yesterday with a visit the Nigerian president paid to the Museum in Doha, the capital city where the CEO of Qatar Museums Mohammed Saad Al Rumaihi ... Read More »

Nigerian youths have been asked to earnestly seek opportunities available in the country rather than insatiable search for Golden Fleece outside the shores of Nigeria. The advice was given at the weekend in Abuja at Beyond Talent Conference organised by Africa Relief Trust Initiative (ARTI). Speaking at the Conference, which had in attendance mainly fresh graduates, the founder of ARTI, ... Read More »