Month: March 2025
Transcorp Group Records 132% Growth in Profits to N136.7 Billion in 2024
Transnational Corporation Plc (Transcorp Group) has announced a remarkable 132% increase in Profit Before Tax (PBT) to N136.7 billion for the operating year ended December 2024, up from N58.8 billion in the previous year. The impressive financial performance was disclosed in the company’s audited results, which also revealed a 107% surge in revenue to N408…
Global Tariff War Impacts Nigeria’s Oil Revenue Target as Prices Decline
The ongoing global trade war, particularly between the United States and several developed economies, has intensified the decline in crude oil prices, posing a significant threat to Nigeria’s 2025 budget. Bonny Light, Nigeria’s premium crude oil grade, hit a new low of $70.3 per barrel over the weekend, marking a 13% decline since the 2025…
Kogi Youths Declare Solidarity with Senator Akpoti-Uduaghan, Condemn Senate Suspension
Youths in Kogi State have expressed strong support for Senator Natasha Akpoti-Uduaghan, the Senator representing Kogi Central, following her recent suspension by the 10th Senate. In a statement issued on Sunday, the youths described the suspension as “crude and peremptory,” warning that the Senate is heading in the wrong direction under the leadership of Senate…
Police Arrest Key Suspect in Murder of Retired Brigadier General Udokwere in Abuja
The Federal Capital Territory (FCT) Police Command has made a significant breakthrough in the investigation into the murder of retired Brigadier General Uwen Harold Udokwere, who was killed at his residence in Lokogoma, Abuja, on June 22, 2024. A high-profile suspect, Alkasim Mohammed, 18, has been arrested in connection with the assassination, alongside his alleged…
FG Takes Over Gombe Hospital, Upgrades It to Federal Medical Centre to Boost Healthcare Services
In a significant move to improve healthcare delivery in Gombe State and the North-East region, the Federal Government has officially taken over the Gombe General Hospital in Kumo and upgraded it to a Federal Medical Centre (FMC). The decision, announced in a statement on Sunday by Bayo Onanuga, Special Adviser to the President on Information…
FG Adopts TASUED in Ogun State as Federal University, Marking a Historic Milestone for Education
In a landmark decision aimed at strengthening teacher education and honoring Nigeria’s educational pioneers, the Federal Government has officially adopted the Tai Solarin University of Education (TASUED) in Ijagun, Ogun State, as a federal institution. President Bola Tinubu approved the adoption on Friday, March 7, 2025, in a move that underscores the government’s commitment to…
NNPC Ltd Expands Domestic Gas Supply with Landmark Agreement for 80mmscf/d Supply to Ssonic Petroleum
In a significant move to bolster domestic gas utilization and support Nigeria’s industrial and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a landmark Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. The agreement, executed on Thursday, March 6, 2025, will see NNPC Gas Marketing Ltd (NGML), a subsidiary…
Fubara Calls for Key Meeting with Rivers Assembly Speaker, Lawmakers
Rivers State Governor, Siminialayi Fubara, has officially summoned the Speaker of the Rivers State House of Assembly, Martins Amaewhule, alongside other assembly members, to a crucial meeting at the Government House in Port Harcourt. The invitation, issued by the Office of the Secretary to the State Government, signals a significant step in bridging the gap…
NAFDAC Destroys Counterfeit Drugs Worth ₦100 Billion in Ibadan
The National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit drugs worth ₦100 billion at the Moniya dump site in Akinyele Local Government Area of Oyo State. The seized drugs, confiscated from pharmaceutical marketers in Lagos’s Idumota market, included expired, fake, substandard, and falsified medications. The destruction exercise, led by NAFDAC…
Farmer Sentenced to Death by Supreme Court for Killing Herder in Adamawa
Sunday Jackson, a farmer from Adamawa State, has been sentenced to death by the Nigerian Supreme Court for the killing of a Fulani herdsman, despite his claims of acting in self-defense. The ruling, delivered on Monday, has sparked widespread debate and raised concerns about the handling of farmer-herder conflicts in Nigeria. Jackson was convicted of…