The Nigerian National Petroleum Company Limited has disclosed that it has upgraded security facilities at the country’s ports and jetties. In a statement made available to The Trust Africa News on Sunday by the NNPC spokesperson, Olufemi Soneye, the firm reiterated its commitment to sustaining the march towards process improvement, regulatory compliance and performance excellence….
Customers of Wema Bank have won over N90m in its 5 for 5 Season 3 promo topping the cumulative N63.3m from Season 1 and 2 of the promo. Also, the total number of winners stood at 1,200 higher than the cumulative 1,178 from previous seasons. A statement from the bank on Sunday revealed that at…
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in…
EXACTLY one year ago, on May 29, 2023, President Bola Ahmed Tinubu made a fateful decision that would plunge Nigeria’s economy into absolute chaos. With the removal of fuel subsidies, the price of petroleum products skyrocketed, leaving citizens reeling in pains and untold agony. When Tinubu took office, fuel was sold at N197 per litre;…
Ebenezer Onyeagwu, CEO of Zenith Bank, has been made an associate member of the Chartered Institute of Stockbrokers. Trust News Africa gathered that the President of CIS, Oluropo Dada, encouraged Onyeagwu to join some committees within the institute to leverage his extensive experience to advance the stockbroking profession in Nigeria. Dada commended Onyeagwu for passing…
In 2023, the Niger Delta Development Commission received $142.5 million from Shell Petroleum Development of Nigeria Limited and Shell Nigeria Exploration and Production Company Limited. SPDC paid $112.5m while SNEPCo remitted $30m, according to a statement from Shell Nigeria’s Manager of Media Communications and NGO Relations, Mr. Bamidele Odugbesan. In 2022, SPDC paid $59.04m, while…
Leading ICT infrastructure and systems integrator in Africa, Inlaks, exhibited its solutions at the 3i Africa Summit in Accra, Ghana, as part of its expansion plan. Taking place under the subject “Unleashing Africa’s FinTech and Digital Economic Potential,” the summit provided a forum for important conversations about digital assets, fintech for inclusion, and the Africa-Asia…
Regarded as one of the most compliant companies on the Nigerian stock market, Fidelity Bank Plc has been rated as having the best corporate governance. The Corporate Governance Rating System (CGRS) compares quoted companies to recommended best practices and standards, and Fidelity Bank has received the highest rating of CG+. This implies that the bank…
The $1.4 million connected to former Central Bank of Nigeria (CBN) governor Godwin Emefiele has once again been ordered to be forfeited in the interim by a Federal High Court located in Lagos. Justice Ayokunle Faji ordered the forfeiture of the money to the Federal Government of Nigeria. The court made the above orders while…
