Travellers are expressing their disappointment and frustrations as airfares continue to skyrocket, making it increasingly difficult for individuals to embark on their desired trips. The rising costs, coupled with economic uncertainties, have left many passengers in a state of dismay. About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates,…
Avanti Communications (“Avanti”) has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for the second year running. The results, from the 20th edition of the NSR Satellite Capacity Supply & Demand Analysis reports that Avanti’s market share is now more than two times that of its nearest competitor. NSR’s annual report is…
Poultry farmers Poultry farms across the country are currently shutting down operations due to the persistent hike in the price of maize – a major feed for birds in the subsector, the Poultry Association of Nigeria said on Monday. Based on this, PAN stated that the poultry subsector in Nigeria was heading for a crash…
Power distribution companies, on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. Various public notices from some of the Discos seen on Sunday had stated that the electricity tariff would…
Dr. Owen Omogiafo, President of Transcorp Group, has been honoured with the prestigious All Africa Businesswoman of the Year award. The award was proudly presented by African financial services company Absa Group Limited at the renowned All Africa Business Leaders Awards (AABLA), in partnership with CNBC Africa. The All Africa Businesswoman of the Year award…
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…
Udechukwu Obi Osakwe has been appointed a non-executive director of the leading hospitality brand Transcorp Hotels Plc, effective February 17, 2023, subject to the approval of shareholders. Osakwe’s appointment comes following the retirement of Mr. Alexander Adeyemi from the Board after serving for close to 4 years. Osakwe brings to the Board his extensive experience…
Heifer International’s sponsored agritech storage solution; ColdHubs, was yesterday formally introduced into the Lagos market with the launch of the facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki. The ColdHubs innovation, which is being sponsored on a large scale by Heifer International, is part of…
TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. The rehabilitated unit, which has been successfully commissioned and synchronized to the national grid, bringing…
The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the disclosure on Sunday, also gave other reasons for the continued scarcity of petrol, which had led to the lingering queues…
