Trust Africa News

NYSC Announces ₦77,000 Monthly Allowance for Corps Members

By Ayomide Otitoju The National Youth Service Corps (NYSC) has announced that corps members across the country will soon receive a monthly allowance of ₦77,000, marking a significant increase in their remuneration. Brigadier General YD Ahmed, the NYSC Director General, disclosed this development on Tuesday in Abuja, according to a statement issued by the scheme’s…

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CDB Approves €245M Loan for Kano-Kaduna Railway Project

By Ayomide Otitoju The China Development Bank (CDB) has approved a €245 million ($254.76 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria, the bank announced on Tuesday. In a statement, the CDB highlighted its commitment to ensuring the smooth progress of the project, which aims to enhance Nigeria’s transportation infrastructure….

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NNPCL CEO Mele Kyari Reflects on Journey from Almajiri to Energy Leader

By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, has reflected on his remarkable journey from being an Almajiri school pupil to becoming the head of Africa’s largest energy company. In a heartfelt statement marking his 60th birthday, Kyari expressed deep gratitude to Nigeria for…

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GTCO Plans to Target Foreign Investors in 2025 Recapitalisation Phase

By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO) has unveiled plans to target foreign institutional investors in the second phase of its recapitalisation programme, set to launch in 2025. This announcement follows the successful completion of the programme’s first phase, which raised ₦209.41 billion through 130,617 valid applications for 4,705,800,290 ordinary shares. The first…

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Disney’s Mufasa Tops Box Office with $23.8 Million, Beating Sonic 3

Disney’s animated drama Mufasa: The Lion King claimed the top spot at the North American box office this weekend, surpassing Paramount’s Sonic the Hedgehog 3 with an impressive $23.8 million, according to industry tracker Exhibitor Relations. This performance pushed Mufasa to a domestic total of $168.6 million over three weekends, solidifying its place among the…

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