Transnational Corporation Plc (Transcorp Group) posted a strong third-quarter performance, with unaudited results showing broad-based growth across its portfolio. Revenue climbed 39% year-on-year to ₦413.4 billion from ₦297.7 billion in Q3 2024. Profit before tax rose 18% to ₦124.5 billion (Q3 2024: ₦105.5 billion), while profit after tax increased 20.5% to ₦91.4 billion (Q3 2024:

Nigeria’s trade players are adjusting fast to a stricter, more transparent foreign-exchange (FX) and trade regime.  The Central Bank of Nigeria (CBN) has removed the old Price Verification System (PVS) for Form M, tightened timelines for bringing export dollars home, and introduced a formal FX conduct code for banks and market participants, alongside broader market

Oil Production Shortfalls Cost Nigeria $6.8bn in Eight Months Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget. The shortfall indicates about $6.848 shortfall in oil revenue, the key component of budgetary funding. The price

Dangote Begins Refinery Expansion to 1.4mbpd The Dangote Refinery has announced the expansion of the facility from 650,000 barrels per day to 1.4 million bpd. The President of the Dangote Group, Alhaji Aliko Dangote, made the announcement at a press briefing in Lagos on Sunday. Flanked by his friend, the Chairman of First Bank, Mr

Nigeria’s Cultural AI Charter: Harnessing Algorithmic Power in Africa’s Digital Age By Dr. Achi Celestine For decades, nations like Nigeria have fought a frustrating battle against a ‘single story’—a reductive, often negative, Western-centric narrative. At the recent “Rise Up, Patriots Conference 2.0” in Abuja, a forum admirably organized by the Unveiling & Rebranding Nigeria Initiative

PRNigeria Inducts New Fellows in Ilorin After Staff Kidnapping Ordeal The PRNigeria Young Communication Fellowship has concluded its latest training programme with the induction of new fellows in Ilorin, Kwara State, despite facing severe security challenges that tested the organization’s resilience and commitment to youth empowerment. The event, held at the PRNigeria Centre, was overshadowed

Nigeria’s Climate Paradox By Sulyman Pakoyi In Nigeria, climate change is no longer a future threat; it is a present, visceral reality. Floods arrive with the grim regularity of an annual festival, sweeping away farmlands and homes. Farmers who for generations read the seasons in the wind and the stars now look to the sky

The federal government has increased the capitation fee for enrollees under the National Health Insurance Authority (NHIA) from ₦750 to ₦1,450 per person, in a policy move designed to strengthen service delivery and improve healthcare outcomes. Announcing the increase on Saturday via the X platform, Muhammad Pate, coordinating minister of Health and Social Welfare, said

The Governing Council of the Federal University Dutsin-Ma (FUDMA) has approved the appointment of Prof. Mohammed Khalid Othman as the substantive Vice Chancellor of the institution. The announcement was made by Ali Abubakar Jatau, pro-chancellor and chairman of the Governing Council, shortly after the Council’s 36th Special Meeting held in Dutse, Jigawa State. According to

The Federal Government and the United Nations Children’s Fund (UNICEF) have called on journalists to ensure that children’s rights and privileges are protected in their reportage. The UNICEF Country Representative, Wafaa Saeed gave the charge in Port Harcourt recently, while welcoming selected Media participants from South-East, South-South, and North-Central regions to a two-day training of

The legal adviser and member of the Akwa Ibom state PDP caretaker committee, Enoch Enoch has faulted the recent vote of confidence passed in the immidiate past state chairman of the People’s Democratic Party, Aniekan Akpan, by wards and chapter executives of the umbrella party, describing it as amusing. In an interview with our correspondent

After much public outcry following the re-appearance of potholes on roads within Uyo, the Akwa Ibom State capital with both commuters and residents expressing serious concerns, the failed sections are to be repaired, according Aniekan Umanah, commissioner for information. Akwa Ibom is noted for a good network of roads across the state and Uyo, the