Transcorp Hotels Plc the hospitality subsidiary of Transnational Corporation Plc, has announced its H1 unaudited results for the period ended June 30, 2025. The results show an impressive 60% growth in revenue against the same period in 2024. Gross Profit increased by 71% year on year. The period saw the launch of the Company’s world-class, 5,000-seat capacity Transcorp Centre, demonstrating Transcorp Hotels positioning as the event and hospitality leader in Nigeria. The Company’s successful launch of Nigeria’s largest corporate venue is further evidence of its ability to unlock new revenue streams and drive sustainable growth. Key Highlights: Strong growth in…
Author: Adetutu Audu
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The Nigerian telecommunications sector is once again at a pivotal moment. Two decades after Ernest Ndukwe’s landmark tenure as Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC) ushered in sweeping reforms that liberalised the industry and attracted record investment, current EVC Aminu Maida is navigating a vastly different terrain—one marked by economic strain, institutional resistance, and urgent calls for legislative overhaul. Since assuming office in October 2023, Maida has launched a reform agenda focused on restoring regulatory discipline, improving internal governance, and pushing for data-driven oversight. While these efforts have won support from many in the industry, including…
The recently rebased Gross Domestic Product (GDP) or National Output of the Nigerian Economy comes in at a time such critical insight and numbers are necessary for planning and global economic engagements. We offer some important facts about Nigeria’s rebased GDP towards correcting the fiction being shared and the doubts being created in some quarters. Only a factual account will suffice — and we will indulge politically motivated critics this once. Fact 1: GDP Rebasing Is An Economic And Accounting Necessity, Not A Gimmick The rebasing of Nigeria’s GDP by the National Bureau of Statistics (NBS) aligns with international best…
The Lagos State chapter of the All Progressives Congress (APC) has congratulated Professor Nentawe Yilwatda on his emergence as the National Chairman of the party, reports thegazellenews.com Hitherto, the Humanitarian Minister, Professor Yilwatda was unanimously elected the National Chairman of the ruling party at its National Executive Council meeting on Thursday, 24 July, 2025. According to the Lagos APC, Professor Yilwatda’s elevation to the leadership position of the party “is a well-deserved recognition of his unwavering commitment to the party’s ideals, his impressive credentials as a technocrat and public servant, and his long-standing contributions to democratic governance in Nigeria. “As…
Humanitarian Minister, Professor Nentawe Goshwe Yilwatda is the new National Chairman of the All Progressives Congress (APC) reports thegazellenews.com. He was elected unanimously by the National Executive Committee of the party during its meeting on Thursday, 24 July, 2025. Yilwatda replaced Dr Abdullahi Ganduje, who resigned for crucial private matters. Profile of Yilwatda: Professor Nentawe Goshwe Yilwatda is a distinguished academic, a visionary leader, and a passionate advocate for humanitarian and poverty reduction initiatives. Born on August 8, 1968, in Dungung, Kanke Local Government Area, he hails from a lineage of service, being the son of the Late Rev. Toma…
French media conglomerate, Canal+ has officially acquired full ownership of MultiChoice Group, the parent company of DStv and GOtv, in a landmark $3 billion (approx. 55 billion rand) deal. The acquisition, which gives Canal+ the remaining 55% stake it did not previously own, was approved by South Africa’s Competition Tribunal on Wednesday, July 23. The approval comes after months of intense negotiations and regulatory reviews, and paves the way for the deal to be finalized by October 8, 2025. While the Tribunal gave the green light, it imposed several public interest conditions to protect local content and maintain South Africa’s…
Nigeria is set to make history as it launches a bid to host the prestigious Formula 1 Grand Prix in its capital city, Abuja. Led by the National Sports Commission (NSC) Chairman, Mallam Shehu Dikko, this ambitious initiative seeks to put Nigeria on the global motorsport map.The NSC has partnered with Opus Racing Promotions, supported by Government Relations experts – BL Practice Hub, to drive this groundbreaking bid. This strategic move underscores Nigeria’sgrowing global aspirations and its commitment to showcasing its capabilities to the world. In April 2025, NSC Chairman Shehu Dikko formally welcomed representatives of Opus Racing to Nigeria…
The Lagos State Fire and Rescue Service, Ejigbo Station, has successfully rescued a man trapped in a deep well in Ikirun, reports thegazellenews.com. The Fire Service officers received a distress call over the weekend reporting an individual trapped inside a well. The rescue team swiftly mobilized and arrived at the scene at House 12, Aiyeola Street, off Governor Road, Molad Bus Stop, Ikotun, within the Ikotun-Igando LCDA, Lagos. Upon arrival, it was discovered that a male adult, approximately 56 years old, was trapped while working inside a well estimated to be 80 feet deep. The incident occurred at the rear…
Nigerian businessman Adedeji Adeleke, founder of Pacific Holdings and father of music star Davido, has confirmed that construction of his $2 billion gas-fire power plant in Ondo State is complete. The 1,250mw plant is one of the largest in Nigeria and could power over 2,000 jobs, but it’s still waiting to be linked to the national gas grid before it can start operations. Adeleke, who has built a quiet business empire over four decades, warned that political instability and infrastructure delays remain key barriers for investors in Nigeria. With this new facility, Pacific Energy is on the brink of becoming…
The Honorable Minister of Education, Dr. Tunji Alausa, has appointed Dr. Adetola Ariyike Salau as the Special Adviser on STEMM (Science, Technology, Engineering, Mathematics, and Medical Science) and Corporate Sector Engagement to the Federal Ministry of Education. Dr. Salau’s appointment, officially conveyed in a letter dated July 3, 2025, marks a decisive step by the Ministry to strengthen its efforts in transforming the country’s education sector through innovation, strategic partnerships, and workforce development. The appointment letter lauded Dr. Salau’s “outstanding expertise, unwavering dedication, and exemplary service in advancing STEMM education and fostering innovation.” As Special Adviser, Dr. Salau will be…