Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. Mr Emmanuel Nnorom, Chairman, Board of Directors, Transcorp Power Plc disclosed this on Tuesday in Abuja, at the companies’ Annual General Meeting (AGM). Nnorom said that the financial…
The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former Minister of Power and Steel, Dr Olu Agunloye before a Federal Capital Territory(FCT) , high court Apo. He was re-arriagned on allegations bordering on award of contract for construction of 3,960MW Mambilla Hydroelectric Power Station in Taraba. The anti-graft agency re-arraigned him on an…
The Consumer Technology Association (CTA) has warned on Sunday that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to purchase technology products. It said that this would potentially cut consumer purchasing power by up to 143 billion dollars. According to a report released by CTA, laptop and tablet purchases could plummet by…
Kenya suffered a widespread power outage on Wednesday that affected most of the country, with electricity supply restored about six hours later, the nation’s leading power utility Kenya Power said. The cause of the outage in East Africa’s largest economy, which was first reported at 1:28 a.m. local time (1028 GMT), has yet to be…
The West African Power Pool (WAPP), has called for collaborative efforts across ECOWAS member states to pool resources together to advance a competitive regional electricity market. Mrs Ndidi Mbah, the General Manager, Public Affairs, Transmission Company of Nigeria (TCN) said this in a statement in Abuja on Monday. Mbah said that Mr Mamadou Coulibaly, the…
The far-right Alternative for Germany (AfD) saw historic gains in Sunday’s state parliamentary elections in the eastern states of Saxony and Thuringia as part of broader national ambitions. The party’s co-chairman said this on Monday. AfD co-chairman Tino Chrupalla suggested that further gains by the AfD will make it impossible for other German political parties…
