Trust Africa News

Auditor-General Flags ₦514bn Irregularities in NNPCL’s 2021 Operations

By Ayomide Otitoju The Office of the Auditor-General for the Federation has identified financial irregularities amounting to ₦514 billion in the operations of the Nigerian National Petroleum Company Limited (NNPCL) for the fiscal year ending December 31, 2021. The findings, outlined in the 2021 audit report on non-compliance and internal control weaknesses within Ministries, Departments,…

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Airtel CEO Urges Tariff Hike Due to 300% Rise in Costs

By Ayomide Otitoju Airtel Nigeria’s Chief Executive Officer, Dinesh Balsingh, has called for tariff adjustments to address the telecom sector’s long-term sustainability amid surging operational costs. In a statement shared with The Trust on Monday, Balsingh revealed that operating expenses have skyrocketed by over 300% in the past 18 to 24 months, necessitating a review…

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GTCO Completes ₦209.41B Equity Raise, Paving Way for Growth

By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO Plc), listed on the Nigerian Exchange (NGX: GTCO), has announced the successful completion of the first tranche of its equity capital raise programme. The milestone follows the Central Bank of Nigeria’s (CBN) capital verification exercise and the Securities and Exchange Commission’s (SEC) approval of the Basis…

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Nigeria Police Strengthen Security with Proactive Strategies

By Ayomide Otitoju The Nigeria Police Force (NPF) has bolstered its commitment to ensuring the safety and security of citizens through proactive, intelligence-driven strategies. These measures have disrupted criminal networks and significantly reduced incidents of organized and violent crime nationwide. Armed Robbery Syndicate NeutralizedIn a major breakthrough, operatives of the Force Intelligence Department’s Intelligence Response…

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