By Ayomide Otitoju NNPC Limited recorded a Profit After Tax (PAT) of ₦462 billion in May 2026, reflecting continued month-on-month growth across key operational and production indicators, according to its latest Monthly Report and Financial Summary. The company reported that average crude oil and condensate production increased to 1.73 million barrels per day (mmbpd) in…
By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalisation Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with skills, support and opportunities for sustainable livelihoods. Under the partnership, the bank will support the…
By Ayomide Otitoju Wema Bank has announced the seventh edition of its flagship innovation initiative, Hackaholics, reaffirming its commitment to supporting young innovators and strengthening Africa’s technology ecosystem. The announcement was made during a press conference held on Tuesday, July 1, 2026, at the bank’s headquarters in Lagos. Launched in 2019, Hackaholics is Wema Bank’s…
By Ayomide Otitoju Tanzanian President Samia Suluhu Hassan has held high-level talks with President and Chief Executive of Dangote Industries Limited, Aliko Dangote, on plans to expand the company’s investments in the country, with discussions focusing on transport infrastructure, fertiliser production, power generation, port development and regional trade. The meeting, held at the State House…
By Ayomide Otitoju LJMG Elevator, the Elevator and Escalator division of JMG Limited, has completed the installation and maintenance support of 16 TK Elevator units at the Victor Attah International Airport in Akwa Ibom State. The project, which supports the airport’s recent commencement of internal operations with its first passenger flight to Accra, Ghana, includes…
By Ayomide Otitoju Rite Foods Limited has partnered with the Joint Admissions and Matriculation Board (JAMB) to reward seven outstanding Nigerian undergraduates with a total of ₦35 million for their exceptional academic performance during the 2025 admission exercise. Under the initiative, each of the seven beneficiaries, selected through a transparent, merit-based process coordinated by JAMB,…
By Moyinoluwa Ojegbade. LAGOS – Poultry traders in Iju-Ishaga, Lagos, have expressed mixed reactions to the current prices of live chickens, with some saying rising costs are reducing their profit margins while others believe prices remain manageable for business. Speaking to Trust Africa News, Samuel Chukwuka, a trader in mature live broiler chickens weighing between…
By Ayomide Otitoju Zenith Bank Plc has reaffirmed its commitment to strengthening trade, investment and economic cooperation between Canada and Africa as headline sponsor of the 6th Canada-Africa Business Conference held on Wednesday, 24 June 2026, at Eko Hotel & Suites, Victoria Island, Lagos. The conference, organised by the Canada-Africa Chamber of Business, brought together…
By Ayomide Otitoju Fidelity Bank Plc has been recognised by the Development Bank of Nigeria (DBN) with the Service Ambassadors Award for the Highest Impact on MSMEs Accessing Credit for the First Time, reaffirming its leadership in small and medium-scale enterprise financing. The award honours Deposit Money Banks that have successfully extended credit to previously…