'Oil Revenue Key to Nigeria's Economic Diversification'   Mr. Tony Elumelu, Chairman of Heirs Holdings, emphasized the crucial role of oil revenue in driving Nigeria's economic growth and diversification, underscoring the need for increased oil production to support the country's development efforts. Speaking on Thursday in Abuja at...

At a pivotal moment in Nigeria’s economic and social development, Heirs Holdings Chairman, Tony Elumelu, has emphasized the need for a national strategy to leverage the country's abundant resources and unlock its immense potential.  

Transcorp's Expenses Rise to N21.2bn in H1 Transnational Corporation (Transcorp) Plc says its operating expenses increased by 50 percent to N21.2 billion in the first half (H1) of 2024. In a statement highlighting the H1 2024 report on Monday, Transcorp said the surge in operating expenses...

How I Almost Bought Transcorp For N250bn – Otedola   Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman...

NBS: Nigeria Earned Over  $195b Exporting Crude Oil The National Bureau of Statistics has reported that Nigeria in 2021 made over N14.4 trillion selling crude to different countries around the world. NBS disclosed this in its latest Foreign trade statistics report. According to the report, crude oil...

Shell and other oil giants leave Nigeria, as Nigerian billionaires purchase assets Recent months have seen major changes in oil asset ownership in Nigeria, especially in the upstream sector. In Nigeria's oil industry, Shell, Exxon Mobil, Chevron, Agip, Texaco and Total brand names were synonymous...