No fewer than three people, including foreigners, have been abducted by armed men suspected to be kidnappers in Lagos State. Trust Africa News gathered that the victims include the Managing Director of Fouani Company and three other Lebanese nationals. They were reportedly kidnapped while traveling on a boat from Apapa to Victoria Island. Details of…
The Nigerian National Petroleum Company Limited (NNPCL) has discontinued the legal action it initiated against ExxonMobil Corporation’s shallow-water local subsidiary, Mobil Producing Nigeria Unlimited (MPNU), Seplat Energy said in a regulatory filing on Friday. Seplat Energy has been “notified of the termination of the court proceedings brought by NNPCL against MPNU and its affiliates over…
Finidi George has resigned from his position as the head coach of the Super Eagles. It is believed Finidi took the decision on Saturday, days after the Nigeria Football Federation, NFF, announced moves to bring in a foreign technical adviser. His exit was confirmed by former Eagles media officer, Toyin Ibitoye, on his X account….
Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organization of the Petroleum Exporting Countries has said. This is despite the claim by the Federal Government and the Nigerian National Petroleum Company Limited that the country’s oil production has risen to 1.7mbpd. OPEC data showed that…
Shareholders of FCMB Group Plc have expressed confidence that the N150bn capital raising programme of the group would be achieved. This was stated at the 11th annual general meeting of the group, where the shareholders also hailed the management for the performance of the bank in 2023. The Secretary General of the Independent Shareholders Association…
As part of efforts to monetise Nigeria’s vast natural gas resources, the Nigerian National Petroleum Company Limited has executed a project development agreement with Golar LNG for the deployment of floating liquefied natural gas offshore in the Niger Delta. The signing ceremony, which took place on Monday, was attended from the NNPC Limited side by…
The Guaranty Trust Holding Company Plc has concluded plans to raise about N500bn starting in July. This was disclosed in a notice of its preliminary prospectus filed with the Securities and Exchange Commission. The banking group is seeking to raise about N500bn via the issuance of its ordinary shares of 50 kobo each. The number…
Mr Wahab Ariyo, a safety officer with the commission, who testified as the fourth prosecution witness in the trial of the school for negligence in the death of one of its students, the late Whitney Adeniran, also disclosed that the school also failed to take a compulsory risk assessment test. In March 2023, the Lagos…
…Thousands throng fair The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares. The Ecobank Pan African Centre (EPAC) complex on Victoria Island, Lagos, is the venue for the four-day fair, which began on June 14 and ends on June 17. Originating from Abeokuta in Southwestern…
