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. The Commissioning of Afam Three Fast ... Read More »

Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman acquired stakes in Transcorp and sold the shares. He revealed that he had bought the shares of the company because he believed in ... Read More »

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. Transcorp Power will no longer be subjected to post-privatisation monitoring and is the first privatized power generation company to achieve this milestone since the ... Read More »

The Supreme Court has scheduled judgment for 2pm on Tuesday in the appeal filed by former Osun Governor, Gboyega Oyetola against the election of Ademola Adeleke. Oyetola is, by his appeal, seeking the reversal of the March 25 judgment of the Court of Appeal in Abuja which affirmed Adeleke’s victory in the last governorship election in Osun State. The Appeal ... Read More »

….. As experts express optimism about meeting local demand THE Federal government, yesterday, confirmed the planned inauguration of the 650,000 barrels per day, bpd Dangote Refinery on May 2023. The company had indicated that the $19 billion plant will be inaugurated before President Muhammadu Buhari leaves office. However, in his tweet, Special Assistant to the President on Digital Communications, Bashir ... Read More »

L-R: Sounds of ALAT Judges, Alpha Ojini, Cobhams Asuquo, Head, Brand and Marketing Communications, Wema Bank, Mabel Adeteye; MD/CEO, Wema Bank, Moruf Oseni, Sounds of ALAT, Judge Omawuni Megbele, Executive Director, Retail and Digital Business Directorate, Wema Bank, Tunde Mabawonku and Sounds of ALAT, Judge DJ Sose at the unveiling of the Top 3 participants of the Sounds of ALAT ... Read More »

…. Contest will be based on constitutional provisions – Yari Outgoing Governor of Kano State,Dr. Abdullahi Ganduje,has dropped the strongest hint so far about the chances of former Akwa Ibom State Governor Godswill Akpabio emerging as the next Senate President. Ganduje spoke in Calabar on Thursday ahead of a meeting yesterday of All Progressives Congress (APC) leaders agreeing on Akpabio ... Read More »

..“Whatever you say about owing or no owing, I’m very grateful to the man who brought me here” – Asiwaju ..My fear is lack of maintenance culture for Big projects – Wike NIGERIA’s President-Elect, Ahmed Bola Tinubu on Thursday described Governor Nyesom Wike of Rivers state as a fighter of corruption in his provision of meaningful welfare and conducive work ... Read More »

Wema Bank, one of Nigeria’s leading financial institutions, has announced the launch of the ALAT Alumni community, virtual community exclusively designed for former employees of the bank. The announcement was made during a virtual launch session on May 1st, which had over 350 former employees in attendance. The platform provides former employees with a platform to connect, network, and grow ... Read More »

At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the Civic Centre, Victoria Island, Lagos, on Tuesday, 2 May 2023, shareholders of the bank unanimously approved the proposed final dividend payment of NGN2.90 per share. This brings the total dividend for the 2022 financial year to NGN3.20 per share, with a total value of NGN100.47 ... Read More »