Trust Africa News

Ali Modu Sheriff Hints at Peter Obi’s Possible Return to PDP for 2027

By Ayomide Otitoju Former Borno State Governor Ali Modu Sheriff has suggested that Labour Party’s 2023 presidential candidate, Peter Obi, may soon return to the Peoples Democratic Party (PDP) and secure the party’s 2027 presidential ticket. Sheriff made the comment during an appearance on Channels TV’s Politics Today, claiming credible information suggests Obi will leave…

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Dangote Drops ₦100bn Suit Against NMDPRA, NNPC

By Ayomide Otitoju Dangote Petroleum Refinery and Petrochemicals has formally withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court in Abuja, was discontinued following a notice submitted by Dangote’s legal…

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FirstBank Named Nigeria’s Best ESG Bank for 2025

By Ayomide Otitoju FirstBank, West Africa’s premier financial institution, has been named Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the 2025 Euromoney Awards for Excellence. The recognition, announced at a ceremony in London, marks the bank’s second consecutive win in the category and reaffirms its leadership in sustainable finance and responsible banking….

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EU Probes ADNOC’s €12bn Covestro Deal Over Subsidy Concerns

The European Commission has opened an investigation into the €12 billion acquisition of German chemical firm Covestro by Abu Dhabi National Oil Company (ADNOC), raising concerns over potential market distortion from foreign subsidies. In a statement Monday, the Commission said it was concerned that financial support from the United Arab Emirates may have unfairly influenced…

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