Tolu Oke, Author at The Eagle

BREAKING: Ekiti APC Chairman Is Dead [Photo]

Ekiti State chairman of the All Progressives Congress, APC, Paul Omotosho is dead. Omotosho died in the early hours of Wednesday after a brief illness. The...

BREAKING: Binance to depart Nigerian market, ends services in local currency

Business1 year ago

BREAKING: Binance to depart Nigerian market, convert naira to USDT

Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira...

Business1 year ago

BREAKING: Ghana Central Bank suspends FX licences of GTB, FirstBank

The Bank of Ghana has suspended the foreign exchange trading licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN) for one...

Transcorp Power Plc, a prominent player in Nigeria's power generation industry, has surprised the market with its unforeseen early listing on the Nigeria Exchange Limited (NGX). The company commenced trading on the NGX by introducing 7.5 billion ordinary shares at N240 per share, far ahead of the projected timeline set by the Chairman of its parent company, Tony Elumelu. Its listing was conducted via introduction, as Transcorp Power reaffirmed its commitment to raising additional capital through a forthcoming public offering at the earliest opportunity. Elumelu assured the capital market that more shares would be made available for trading as the day progressed. The listing of Transcorp Power’s shares is set to inject approximately N1.8 trillion into the market capitalization of the local bourse. Elumelu said, “Transcorp Power met 100% of the listing requirement and at the moment 40 million of the shares were made available. Additional shares would be provided. Existing shareholder in the company will offer a portion of their ordinary shares in order to create liquidity in the market and enable institutional investors and members of the investing public to acquire shares in the company”. Speaking at the fact behind the Company’s figures held at the Exchange, the Chairman, Transcorp Power Plc, Emmanuel Nnorom, said: “Following this listing, Transcorp Group now have two subsidiaries listed on the NGX, demonstrating further its commitment to creating value for the Nigerian public and catalyzing economic growth in Nigeria. Transcorp Group will continue to maintain a significant holding in Transcorp Power Plc.”

Business1 year ago

Transcorp Power Plc Shocks Market with Early Listing on NGX

Transcorp Power Plc, a prominent player in Nigeria’s power generation industry, has surprised the market with its unforeseen early listing on the Nigeria Exchange Limited (NGX)....

Business1 year ago

‘My friend, My Brother, My Mentee” – Dangote Weeps As He Gives Tribute To Wigwe

Aliko Dangote has chosen to honor the late banking icon, Herbert Wigwe, by naming a significant road leading to the Dangote Refinery after him. Dangote made...

Business1 year ago

You Can Be A Beneficiary Of Access Bank’s N50bn Loan Scheme, Apply Now!

Access Bank aims to empower 700,000 MSMEs nationwide with a N50 billion loan through its ‘YouThrive’ campaign, as announced by Deputy Managing Director Victor Etuokwu at...

Entertainment1 year ago

Actress, Kate Henshaw Appeals To Fans: ‘Keep My Family In Your Thoughts’

There is an appeal from Nollywood actress and fitness model, Kate Henshaw to her friends and fans; it is: Keep My Family In Your Thoughts. The...

Why We Blocked Over 40 Million Telephone Lines - Telcos

Business1 year ago

Why We Blocked Over 40 Million Telephone Lines – Telcos

Over 40 million telecommunication operators have been disconnected for failing to provide their National Identity Numbers in line with Nigeria’s Subscribers Identification Module and NIN linkage...