British consumer pricesrose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row. The annual rate of consumer price inflation rose to 5.5% in January, the highest since March…
A combination of huge oil pipeline repairs cost and a high-level crude oil theft are bleeding the Nigerian economy, with losses amounting to at least $29 billion in the last six years, spanning 2015 to 2021. In February last year, the Nigerian National Petroleum Company (NNPC) Limited disclosed that the country lost an average of…
Trust Africa News, By Ayomide Otitoju …‘Getting Contest From Elite To Platinum Level By 2024 Our Top Priority’ – Governor …Dr. Hamzat, Sports Minister, Edo Deputy Governor Take Part In Marathon At exactly 8:03am on Saturday, Lagos State Governor Babajide Sanwo-Olu crossed the finish line of the Access Bank Lagos City Marathon, ceremonially becoming the…
Some airlines have canceled or diverted flights to Ukraine amid warnings from the West that an invasion by Russia is imminent as Kyiv says it will keep its airspace open. Russia denies it intends to invade Ukraine despite massing tens of thousands of troops near the Ukrainian border and denouncing the West of “peak hysteria”….
Trist Africa News, By Ayomide Otitoju Three consumers of WAW detergent from the stables of Expand Global Industries Limited (EGIL) have become N1m richer for emerging winners in the maiden WAW Wash and Win Millions promotion.At the prize presentation ceremony done at EGIL corporate head office in Lagos state, the detergent maker restated that it…
Trust Africa News, By Ayomide Otitoju As part of efforts to promote environmental sustainability, Coca-Cola Nigeria has revealed that it targets to enable the collection and recycling of 15 percent equivalent of its packaging from the Nigerian market in 2022.Director, Public Affairs, Communications, and Sustainability, Coca-Cola Nigeria, Amaka Onyemelukwe, disclosed this to newsmen in a…
Trust Africa News, By Ayomide Otitoju A leading player in Nigeria’s power sector, Dr Chukwueloka Umeh, the Managing Director/Chief Executive Officer of Century Power Generation Limited, has advocated that Discos have to be auctioned again for the public to start getting value from the sector.According to Umeh, aside from solving the liquidity problem that ails…
The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021. Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC Limited, noted that a breakdown of the figures captured in the August 2021 NNPC…
Bayelsa State Governor Duoye Diri has explained that oil wasn’t developed in Nigeria by money made from cocoa farming but money invested by international oil companies. The governor, on Thursday, during an interview on Channels Television breakfast programme, Sunrise Daily said many Nigerian leaders wrongly spread the notion that cocoa money was invested into oil…
