Transcorp Plc Releases Audited FY 2015 Consolidated Results, Rewards Shareholders With Bonus Issue

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced its audited 2015 Financial Results. The Group posted a profit before tax of N3.3bn for the period under review. Transcorp Group Operating Profit went up by 11% from N14bn in 2014 FY to N15bn. Its posted turnover of N40.8bn and profit before tax…

FIFA Bans Eboue From Football

Former Arsenal defender, Emmanuel Eboue has been suspended from football-related activities for one year by the world football governing body, FIFA. Consequently, his new club, Sunderland, have terminated his contract with them. The Ivorian star got FIFA’s sledge hammer after failing to pay one of his representatives. Sunderland disclosed in a statement that Eboue’s suspension…

Ecobank vs Honeywell: Court Orders Case Re-assigned

A Court of Appeal in Lagos has directed Chief Judge of the Federal High Court, Justice Ibrahim Auta, to re-assign a winding-up petition by Ecobank Nigeria Limited against Honeywell Flour Mills Plc. Justice Abimbola Obaseki-Adejumo said justice demands that both sides must be heard. She made no order as to cost. The justice upheld an…

Slain Colonel Inusa Buried In Kaduna (Photos)

The senior army personnel kidnapped and later killed by unknown gunmen on Sunday in Kaduna has been buried according to Islamic rites. The corpse of the Army officer, Colonel Samaila Inusa, was laid to rest at the old Nigerian Defence Academy, NDA, Muslim Cemetery in Kaduna on Wednesday. Some at the burial could not control…

Ekiti Lawmakers Flee To Ibadan

Sixteen members of the Ekiti State House of Assembly have now found refuge in Ibadan, the Oyo State capital, following alleged plots by the police to arrest them. The congressmen on Wednesday addressed the media at the Nigeria Union of Journalists, NUJ, council office in Ibadan, stressing that nothing will make them impeach Governor Ayodele…