Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has recorded N70 billion revenue, for the 2024 financial fiscal year. In the Company’s latest audited results, submitted to the Nigerian Exchange (NGX), Transcorp Hotels recorded a 69 per cent increase in revenue and 144 per cent growth in Profit After Tax underscoring the Company’s drive…
The Chairman of Bharti Airtel, Sunil Bharti Mittal, has reaffirmed Nigeria’s critical role in Airtel’s African operations, describing the country as the backbone of the telecom giant’s strategy on the continent. Fielding questions from reporters at the State House, Abuja, after leading a delegation of Airtel Africa and Airtel Nigeria team to meet with President…
Telecom giant, MTN Group is set to report a significant decline in its full-year headline earnings per share (HEPS) when it publishes its annual report next month. The mobile operator affixed the drop to deteriorating foreign exchange impacts on its profit amid a good operational performance. MTN noted that its HEPS for the year ending…
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has advised oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that would harmonise policies and foster cross-border partnerships. He said such a framework would allow African nations to leverage collective strengths for mutual prosperity, arguing that…
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called for a robust and strategic policy framework to unlock Africa’s vast gas resources and ensure energy security, economic diversification, and sustainable industrialisation. Ekpo made the call while speaking at the Nigerian International Energy Summit (NIES) in Abuja and stated that with over 600…
Pan African provider of telecom and mobile money services with a presence in 14 countries across Africa, Airtel Africa, has pledged to support digital and technology skills training for 25,000 youth, drawn from 80 local government areas in Nigeria. The support will be delivered under the 3 Million Technical Talents (3MTT) programme, a Presidential mandate…
Nigeria has signed a strategic cooperation agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to position itself as a major player in the global halal market, which is valued at $7.7 trillion. The agreement, signed at the Makkah Halal Forum in Saudi Arabia on Wednesday, will promote investment, technical collaboration, and market access across…
President Bola Tinubu has reaffirmed his administration’s commitment to adopting successful global economic models, including those from India, to drive Nigeria’s development. Speaking during an interaction with an Airtel delegation led by Chairman Sunil Bharti Mittal at the State House, Abuja, he emphasized that his government is open to learning from other nations to enhance…
One of Nigeria’s largest mobile network operators (MNO), Globacom, has announced a reduction in its call tariff. This is coming at a time other operators are jerking up their call tariff in line with the January 50 per cent adjustment to end user tariff of telecom services by the Nigerian Communications Commission (NCC) which has…
