Trust Africa News

Tinubu: Ajaokuta Steel Crisis Now Threat to Sovereignty

By Ayomide Otitoju President Bola Tinubu has warned that the prolonged paralysis of the Ajaokuta Steel Company has moved beyond economic loss to becoming a threat to Nigeria’s sovereignty. Speaking at the Inaugural Stakeholders Summit on Steel Sector Development in Abuja on Tuesday, the President—represented by Vice President Kashim Shettima—described the steel industry as the…

Read Full News

FG Secures $980m for CNG Infrastructure Expansion

By Ayomide Otitoju The Federal Government has announced that at least $980 million has been mobilised to finance the construction of Compressed Natural Gas (CNG) facilities across Nigeria, as the sector experiences unprecedented growth. Programme Director of the Presidential CNG Initiative (PCNGI), Michael Oluwagbemi, disclosed this on Wednesday in Abuja during the launch of the…

Read Full News

Tinubu Orders Review of NNPCL, Other Revenue Deductions

By Ayomide Otitoju President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by the Nigerian National Petroleum Company Limited (NNPCL) and other major revenue-generating agencies, in a bid to increase public savings, improve spending efficiency, and free up resources for economic growth. Minister of Finance and Coordinating Minister of the…

Read Full News

FEC Approves Seven-Year Freeze on New Federal Tertiary Institutions

By Ayomide otitoju The Federal Executive Council (FEC) has approved a seven-year moratorium on the creation of new federal tertiary institutions, citing concerns over duplication, underutilisation, and declining academic standards. Minister of Education, Tunji Alausa, announced the decision on Wednesday after the council meeting, stating that access to tertiary education was no longer a pressing…

Read Full News

Dangote Refinery Cuts Petrol Price to ₦820/Litre

By Ayomide Otitoju Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, effective Tuesday, August 12, 2025. In a statement signed by Chief Branding and Communications Officer Anthony Chiejina, the refinery said the price cut reflects its “unwavering commitment to national development” and assured Nigerians…

Read Full News