Company Report
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NNPC Foundation, AFFF to train 1,000 young creatives in Lagos summit
The Africa Film Finance Forum (AFFF) has announced a partnership with the NNPC Foundation to empower 1,000 emerging Nigerian and African creative talents through the Youth Empowerment Program (YEP). The initiative will debut at the AFFF 2025 conference scheduled for September 16 to 18 in Lagos. According to the organisers, the program will offer intensive training modules, mentorship opportunities, and…
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NRC begins recovery after Abuja–Kaduna train derailment
The Nigerian Railway Corporation (NRC) has announced significant progress in recovery and restoration efforts following the derailment of an Abuja–Kaduna bound train on August 26, 2025. The disclosure was made on Wednesday in a statement signed by the NRC Managing Director, Dr. Kayode Opeifa. The accident, which occurred between Kubwa and Asham stations, involved two locomotives and eight coaches. According…
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NCAA seeks EFCC partnership to tackle fraud in aviation sector
The Nigerian Civil Aviation Authority (NCAA) has sought the support of the Economic and Financial Crimes Commission (EFCC) in addressing fraudulent practices and financial crimes threatening safety and transparency in the aviation sector. NCAA Director-General, Capt. Chris Najomo, made the call on Tuesday during a courtesy visit to EFCC headquarters in Abuja, where he led a delegation of the Authority’s…
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NNPC will not bow to pressure despite attacks — GCEO Ojulari
The Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has said the company is under attack from individuals opposed to the ongoing transformation efforts, but assured that management will remain steadfast in its mandate to benefit Nigerians. Ojulari made the remarks on Thursday while hosting a delegation from the national body of the Petroleum & Natural Gas…
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Zichis Agro-allied Industries rewards shareholders with N0.05 dividend
Amid its impressive performance, the management of Zichis Agro-allied Industries Plc, on Wednesday rewarded shareholders with N0.05 per share dividend for financial year ended December 31, 2024 The shareholders of the company at the 2nd Annual General Meeting (AGM) approved the dividend of N0.05kobo per share with an option for script shares in lieu for who elect to opt for…
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PHOTO NEWS: NNPC showcases energy transition plans at Brazil-Nigeria Business Forum
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to energy transition, decarbonisation, and strategic international partnerships at the Brazil-Nigeria Bilateral Business Forum held in Brasília, Brazil. Speaking on Monday, August 25, 2025, during the New Industries and Energy Transition Session, Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., outlined the company’s alignment with President Bola…
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Customs partners NACCIMA to reduce trade bottlenecks, improve revenue
By Kunle Sanni – The Nigeria Customs Service (NCS) has reaffirmed its commitment to closer collaboration with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to strengthen trade facilitation, enhance revenue generation, and improve border management. Comptroller-General of Customs (CGC) Adewale Adeniyi gave the assurance on Thursday, August 21, 2025, while receiving NACCIMA’s newly elected National…
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Shareholders of Presco approve N26.30 per share dividend
The shareholders of Presco Plc have approved dividend of N26.30 per share amounting to N26.3 billion for the year ended December 31, 2024. The shareholders gave their approval at the Company’s annual general meeting held in Lagos. They also approved a capital raise of up to N250 billion by way of rights issue. Speaking, the chairman of Presco, Mr. Rasheed…
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FCMB Group proposes equity capital raise on NGX
FCMB Group Plc has announced a proposal for an equity capital raise to strengthen its capital base in anticipation of its focused regional and international expansion plans. The financial services Group in a notification to the NGX Regulation Limited and the investing community said, that the Board of Directors of the company, acting pursuant to the approval granted by the…
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NNPC, gas firms sign 20-Year gas supply deals with NLNG
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day of feedgas. The 20-year agreements, which include extension options, were signed on Friday at the NNPC Towers in Abuja. Signatories included…
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