Tag: City

MT Prestigious Still In Custody Of Navy, Says Firm
May 8, 2024 No Responses

MT Prestigious Still In Custody Of Navy, Says Firm

Newcross Exploration And Production Limited, has refuted reports on the release of MT Prestigious by the Nigerian Navy.According to the firm, the Vessel apprehended by a private security firm for allegedly stealing crude oil by a Niger-Delta Group, the Niger...
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Tinubu To Commission Funtua Inland Dry Port
May 8, 2024 No Responses

Tinubu To Commission Funtua Inland Dry Port

President Bola Ahmed Tinubu to commission Funtua Inland Dry Port on Thursday, 9th May, 2024 in Katsina State.The Commissioning Ceremony will feature key dignitaries, government officials and industry stakeholders.Assistant Director, Public Relations Unit of Sh...
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Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex
May 8, 2024 No Responses

Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country. In a circular dated May 6, 2024 signed by the Director, Trade and Exchange Department,...
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NNPCL Cautions Against Panic Buying
May 8, 2024 No Responses

NNPCL Cautions Against Panic Buying

The Nigerian National Petroleum Company (NNPC) Limited has cautioned against panic buying, saying it has over 1.5 billion litres of  Premium Motor Spirit (PMS), also known as petrol.   A statement issued by the company’s Chief Corporate C...
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CBN Directs Banks To Charge 0.5% Cybersecurity Levy
May 7, 2024 No Responses

CBN Directs Banks To Charge 0.5% Cybersecurity Levy

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by the apex bank to all commercial, merchant,...
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NDLEA Smashes Drug Syndicate
May 6, 2024 No Responses

NDLEA Smashes Drug Syndicate

The National Drug Law Enforcement Agency (NDLEA) has smashed an international drug syndicate with networks in parts of Nigeria, South Africa and Thailand Meanwhile, no fewer than five members of the cartel were arrested in a two-week intelligence led operation...
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Aliko Dangote Foundation Tasks Faith Leaders On Malnutrition, Hunger In Nigeria
May 6, 2024 No Responses

Aliko Dangote Foundation Tasks Faith Leaders On Malnutrition, Hunger In Nigeria

The Aliko Dangote Foundation (ADF) has underscored the pivotal role of religious and traditional institutions in tackling the pressing issues of malnutrition and hunger within Nigeria.   Speaking at an event organized by the National Council on Nutri...
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Firm Orders Six Cargo Ships
May 5, 2024 No Responses

Firm Orders Six Cargo Ships

French sailing freight transport company, TransOceanic Wind Transport (TOWT) has ordered six additional vessels from compatriot shipbuilder Piriou. The newbuilds are expected to debut in 2026 and 2027, TOWT said. The order comes as the company prepares to comm...
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Ikoyi Towers’ Squatters Get 48-Hour Quit Notice
May 5, 2024 No Responses

Ikoyi Towers’ Squatters Get 48-Hour Quit Notice

The Lagos State Government has given a 48-hour quit notice to illegal occupants of abandoned Ikoyi Towers in Lagos Island.  The state’s Commissioner for Environment and Water Resources Tokunbo Wahab gave the notice on Saturday during an inspection of so...
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Tinubu Implores Automotive Manufactures On Affordable Vehicles For Nigerians
May 5, 2024 No Responses

Tinubu Implores Automotive Manufactures On Affordable Vehicles For Nigerians

President Bola Ahmed Tinubu has urged automotive manufacturers in Nigeria to facilitate the production of affordable vehicles for Nigerians.  Tinubu made the remarks during a meeting with the African Association of Automotive Manufacturers (AAAM) and the ...
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Court Jails Ex-FCMB Manager 121 Years For N112m Fraud
May 4, 2024 No Responses

Court Jails Ex-FCMB Manager 121 Years For N112m Fraud

Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting...
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Press Freedom Not License To Spread Fake News, Says Minister
May 4, 2024 No Responses

Press Freedom Not License To Spread Fake News, Says Minister

Press freedom is not a license for practitioners to spread fake news, misinformation and disinformation, the Minister of Information and National Orientation, Mohammed Idris, has said. Idris stated this on Friday in Abuja while responding to questions from Jou...
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Shippers Council Thrift Society Declares N70.9m Dividend For 2023
May 4, 2024 No Responses

Shippers Council Thrift Society Declares N70.9m Dividend For 2023

The Nigeria Shippers Council (NSC) Staff Multipurpose Cooperative Society Limited has declared N70.9million (N70,927,361.19) dividend and net surplus of N141.9million (N141,854,723.73) for the fiscal year 2023,  compared to net surplus of N88.9millio...
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Minister Reiterates FG’S Commitment To Fast- Track Development In Auto Sector
May 3, 2024 No Responses

Minister Reiterates FG’S Commitment To Fast- Track Development In Auto Sector

The Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr. Doris NKIRUKA Uzoka-Anite has reiterated the Federal Government’s commitment to boost development in the Nigeria Automotive Industry.The Minister stated this on Friday, 3rd May...
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