33.18Lagos

Thursday, 30 May 2024

headlines
  • Photo News - Zenith Bank Plc Outgoing Group Managing Director/CEO, Dr. Ebenezer Onyeagwu (right) sharing a moment with incoming Group Managing Director/CEO, Dame (Dr.) Adaora Umeoji OON.
  • Tinubu Inaugurates N10b Ibeno Bridge - President Bola Ahmed Tinubu has applauded the Niger Delta Development Commission, NDDC, as he inaugurated the N10 billion Iko-Atabrikang-Opolom-IwuoAchang Road project, which includes the 600-meter Ibeno Bridge, in Ibeno Local Government Area of Akwa Ibom State.Speaking at the commissioning ceremony, President Tinubu, who was represented by the President of the...
  • FRSC Produces 3.56m Number Plates - The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles and motorcycles between 2020 and 2022.   According to the National Bureau of Statistics (NBS), FRSC produced number plates for motor vehicles totalling 2,161,782, compared to 1,066,377 for motorcycles over the three-year period.  Specifically, the 2023...
  • Kia Unveils New Sorento For Africa, Middle East - Kia Middle East and Africa has announced the launch of the new Kia Sorento restyled model, set to redefine the mid-size SUV market in the region. According to Kia, the launch marks a significant milestone for Kia, showcasing the brand’s commitment in innovation, style, and advanced technology.  The new Sorento...
  • Dosunmu Canvasses Support For LG Autonomy - Former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) and public policy analyst, Dr. Ade Dosunmu has described the proposal by the Federal Government to grant full autonomy to the local governments in Nigeria as a welcome development and long overdue.Dosunmu who disclosed this in a statement on Tuesday...
Photo News

Photo News

Zenith Bank Plc Outgoing Group Managing Director/CEO, Dr. Ebenezer Onyeagwu (right) sharing a moment with incoming Group Managing Director/CEO, Dame (Dr.) Adaora Umeoji...
Tinubu Inaugurates N10b Ibeno Bridge

Tinubu Inaugurates N10b Ibeno Bridge

President Bola Ahmed Tinubu has applauded the Niger Delta Development Commission, NDDC, as he inaugurated the N10 billion Iko-Atabrikang-Opolom-IwuoAchang Road project, which includes...
FRSC Produces 3.56m Number Plates

FRSC Produces 3.56m Number Plates

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles and motorcycles between 2020 and 2022.   According...

Tinubu Inaugurates N10b Ibeno Bridge

President Bola Ahmed Tinubu has applauded the Niger Delta Development Commission, NDDC, as he inaugurated the N10 billion Iko-Atabrikang-Opolom-IwuoAchang Road project, which includes the 600-meter Ibeno Bridge, in Ibeno...

Dosunmu Canvasses Support For LG Autonomy

Former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) and public policy analyst, Dr. Ade Dosunmu has described the proposal by the Federal Government to grant full autonomy to the local gov...

Keyamo: Nigeria Air Remains Suspended Indefinitely

The Nigeria Air project remains suspended indefinitely, Minister of Aviation and Aerospace Development, Festus Keyamo, declared on Monday.  Reeling out the achievements of the aviation sector at the 3rd ministerial ...

NSIB Investigates Train Derailment At Jere

 By citybusinessnews@yahoo.com – The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into a train derailment that occurred May 26, 2024, at Jere Station, involving the passenger train KA...

Tinubu Lauds Dangote, Celebrates Oworonshoki-Apapa Expressway Project

President Bola Ahmed Tinubu has described the newly commissioned Oworonshoki-Apapa Expressway as the Tenth Wonder of the World.  This is just as he commended the President of Dangote Industries Limited, Alhaji Aliko...

Capital Market/Banking

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Photo News

Zenith Bank Plc Outgoing Group Managing Director/CEO, Dr. Ebenezer Onyeagwu (right) sharing a moment with incoming Group Managing Director/CEO, Dame (Dr.) Adaora Umeoji OON.

CBN Issues Approved Guidelines For BDCs

The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for ...

CBN Raises Interest Rate To 26.25 %

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the ...

Transcorp Power Declares N142b Revenue, N23.46b Dividend

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has announced impressive financial performance at its 11th Annual General Meeting (AGM), the first since the Company went public, via ...

DMO Raises N4.9tri For Ways And Means Securisation

The Debt Management Office (DMO) has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. “For the Ways and Means, out of the N7 trillion approved for securitisation, we have raised...

Maritime

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Dosunmu Canvasses Support For LG Autonomy

Former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) and public policy analyst, Dr. Ade Dosunmu has described the proposal by the Federal Government to grant full autonomy to the local gov...

Reps Committee Harps On Shipping Bill Benefits To Maritime Industry

When passed into law, the Nigerian Shipping and Port Economic Regulatory Agency Bill will curb arbitrary charges and other illegality from operators in the nations maritime industry, the House Committee on Shipping Servi...

House Committee Seeks Alternative Funding For Deep Blue Project

Honorable Uduak Odudoh,  the Acting Chairman of the House Committee on Maritime Safety, Education and Administration, has called for seeking alternate sources of funding for the Federal Government Integrated Nationa...

Shippers’ Council Harps On Early Completion Of Vehicle Transit Areas

As part of measures to promote non oil export, the Nigerian Shippers’ Council (NSC) has is to fast track completion of Vehicle Transit Areas (VTAs) across the Inland Dry Ports (IDPs).Briefing Journalists in Aba, Abia S...

Shippers’ Council Reiterates FG’s Commitment To Facilitate Trade, Sustain Rail...

The Executive Secretary of the Nigerian Shippers’ Council (NSC), Barr Ukeyima Akutah has reiterated Federal Government Commitment to maketah Nigeria hub for investors.According to Akutah, priority has also been given t...

Kia Unveils New Sorento For Africa, Middle East

Kia Middle East and Africa has announced the launch of the new Kia Sorento restyled model, set to redefine the mid-size SUV market in the region. According to Kia, the launch marks a significant milestone for Kia, showca...

Chery Displays Style, Strength In Lagos

By citybusinessnews@yahoo.com. – The test drive was an opportunity for the growing list of Chery fans to experience the vehicles firsthand, understand its features, and assess its overall performance.Take off point...

Chery Rolls Out Products For Test Drive In Lagos

Chery has concluded plans to roll out products from its stable for an “exciting test drive” scheduled to hold in Lagos on May 25, 2024.According to Chery, take off point is at Carloha Showroom in Alapere, Lag...

Toyota Nigeria Rewards Nestle, Zenith, Roxcon

Toyota (Nigeria) Limited (TNL) has named Nestle Nigeria Plc as winner of its prestigious Evergreen Customer Award for the Year (2023). The company emerged winner among the teeming Toyota customers, having purchased the h...

NADDC To Commence Accreditation Of CNG Conversion Workshops

To ensure safety and standard, the National Automotive Design and Development Council (NADDC) has concluded arrangements to commence the accreditation and certification of Compressed Natural Gas (CNG) powered Vehicles Co...

Energy

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Shell Partners Hyundai On Liquefied Hydrogen Carriers

South Korean shipbuilding conglomerate HD Hyundai has partnered with UK energy major Shell to work on the development of large liquefied hydrogen (LH2) carriers. HD Hyundai’s units HD Korea Shipbuilding and Offsho...

TotalEnergies Shareholders Okay €3.01 Per Share Dividend For 2023

Shareholders of TotalEnergies SE have approval the 2023 financial statements and payment of an ordinary dividend of €3.01 per share.   Other resolutions approved by the board include: Renewal of the three-yea...

NNPCL, Schlumberger Seal Upstream Operations Agreement

As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a ...

FG Inaugurates NDDC’s Power Station In Ondo

President Bola Ahmed Tinubu has commissioned the multi-billion naira 132KV Transmission Line and I32KV/33KV electricity substation at Ode-Erinje in Okitipupa Local Government Area of Ondo State.Speaking at the commission...

TotalEnergies Unveils Kaminho Deepwater Project

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Pa...

Photo News

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Photo News

Zenith Bank Plc Outgoing Group Managing Director/CEO, Dr. Ebenezer Onyeagwu (right) sharing a moment with incoming Group Managing Director/CEO, Dame (Dr.) Adaora Umeoji OON.

Okomu Oil Palm Photo News

Health, Safety and Environment (HSE) Officer, Efe Emmanuel John-Onyijen (2nd left) explaining to the community representatives the reason for Okomu’s forest preservation.

Photo News:

Photo News

L-R Managing Director/CEO of Federal Housing Authority, Hon Oyetunde Ojo; Special Adviser to the Governor on Housing and Mortgage Development, Mr Gboyega Oloniyo; Ekiti State Governor, Mr Biodun Oyebanji; Executive Direc...

Photo News

L-R: National Secretary, National Palm Produce Association Of Nigeria (NPPAN), Kayode Babatola; Chief Operations Officer, Presco Plc, Reinout Impens; Permanent Secretary, Edo State Ministry Of Business Trade and Cooperat...

Security/Safety

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FRSC Produces 3.56m Number Plates

FRSC Produces 3.56m Number Plates

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles and motorcycles between 2020 and 2022.   According...
Tinubu Appoints New FRSC Corps Marshal

Tinubu Appoints New FRSC Corps Marshal

President Bola Ahmed Tinubu has approved the appointment of ACM Shehu Mohammed as the Corp Marshal and Chief Executive Officer of the Federal...
Dana Air: NSIB Report Reveals Landing Gear Failure

Dana Air: NSIB Report Reveals Landing Gear Failure

The Nigerian Safety Investigation Bureau (NSIB), on Saturday, released a preliminary report on the incident involving an aircraft belonging to Dana Air at the...

Agriculture

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Gunmen Kill Three Okomu Oil Workers

Three staff of Okomu Oil Palm Company Plc, Edo State have been killed. The Public Relations Officer of the company, Fidelis Olise, who confirmed the development explained that the killing was done by “unknown...

Oil Palm: Edo Unveils Agenda For 47,000-hectare New Plantation

The Edo State Governor, Mr. Godwin Obaseki, has unveiled plans for the launch of phase 2 of the State’s Oil Palm Programme (ESOPP) with an additional 47,000 hectares of land to be allocated to new and prospec...

Edo Distributes Inputs To 1,734 Farmers

The Edo State Government has commenced the distribution of farm inputs and processing equipment to smallholder farmers across the seven local government areas in Edo South Senatorial District for the 2024 plant...

Education

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Unilag, Daysprings School, Marvelvine Montessori School Top Ecobank’s National Schools...

University of Lagos (UNILAG), DaySpring School, Lagos and Marvelvine Montessori School, also in Lagos, have emerged winners in the tertiary, secondary and primary schools’ categories of the 2024 Ecobank Natio...

SIFAX Boss Advocates Review of Doctors’ Salary At Investiture As...

Dr. Taiwo Afolabi, Chairman, SIFAX Group, has called on the government to improve the remuneration of health workers in the country in order to stem the tide of migration of doctors and other health workers out...

SIFAX Group Chairman Identifies Blue Economy Potential At LAUTECH Lecture

Dr. Taiwo Afolabi, Chairman, SIFAX Group, has identified coastal tourism and renewable energy generation as some of the potential areas of growth that Nigeria needs to take advantage of in developing its blue e...