City BusinessNews, Author at City Business News

March 27, 2025 No Responses

Zero-Tariff: Customs Implements Policy On Imported Pharmaceutical Inputs

The Nigeria Customs Service (NCS) has commenced implementing a two-year exemption on import duty and Value Added Tax (VAT) for key pharmaceutical raw materials. A statement issued on Wednesday by the NCS National Public Relations Officer, Abdullahi Maiwada. Explained that the...

March 27, 2025 No Responses

US Imposes 25% Tariffs On Imported Vehicles, Parts

The United States automakers and their global rivals were rocked on Wednesday by President Donald Trump’s announcement that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States. Trump said the duties an...

March 27, 2025 No Responses

Akwa Ibom Approves City Bus Scheme For Uyo Metropolis

The Executive Council of Akwa Ibom State Government has ratified and approved the implementation of a modern City Bus transportation system for Uyo metropolis. According to the state government, the project will provide safe, reliable and eco-friendly bu...

March 26, 2025 No Responses

Federal Character: Senate Probes NNPC, NAFDAC, NUPRC, Others

The Senate has directed its Committee on Federal Character and Inter-Governmental Affairs to conduct a thorough investigation hearing into all Ministries, Departments, and Agencies (MDAs) to determine their level of compliance with Sections 14(3) and 14(4) of ...

March 26, 2025 No Responses

Labour Threatens Action Over Emergency Rule In Rivers

Organised Labour has threatened action to compel the Federal Government to reverse proclamation of emergency rule in Rivers State. The threat was contained in a statement jointly signed by the Rivers State Chairperson of the Nigeria Labour Congress (NLC), Alex...

March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax, up from N607.7billion recorded at the end of 2023, an increase of of 26.14 per cent. The 2024 financials, file...

March 25, 2025 No Responses

NSML Unveils New Logo, Reiterates Commitment

NLNG Shipping and Marine Services Limited (NSML) has launched its new company logo, marking a significant turning point in the Company’s evolution into a leading integrated marine services company and its growth, diversification, and expansion into new marke...

March 24, 2025 No Responses

SEC Nigeria To Clampdown On Unfit Market Operators

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking at the weekend in Abuja, SEC Dir...

March 24, 2025 No Responses

Okpebholo Lauds NDDC Boss, Prays For His Community

The Governor of Edo State, Senator Monday Okpebholo, has commended the Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, for facilitating the rapid development of communities across the Niger Delta region. Senator Okpebholo g...

March 24, 2025 No Responses

Pope Francis Returns To Vatican

Pope Francis returned home to the Vatican on Sunday after more than five weeks in hospital with pneumonia, taking time before leaving to thank well-wishers for their support. Looking tired and worn, the 88-year-old Catholic leader waved to a crowd...

March 23, 2025 No Responses

Osun Communal Crisis: Adeleke Tasks Traditional Rulers

Based on the communal crisis in Ifon, Ilobu and Erin-Osun communities in Osun State, Governor Ademola Adeleke has threatened to suspend traditional rulers in the communities if clashes erupt in the towns again. The communities have been at loggerheads with...

March 23, 2025 No Responses

SPDC’s Host Community Threatens $5bn Lawsuit Over Asset Sale

One of the landlords to Shell Petroleum Development Company of Nigeria (SPDC) in Bonny, Rivers State, Se-Alabo Dan-Jumbo, has accused the oil giant of “illegally’ divesting its assets without the consent of its host communities, and threatened a $5 billion...

March 22, 2025 No Responses

NDDC Empowers Rice Farmers

The Niger Delta Development Commission, NDDC, has reaffirmed its commitment to agricultural empowerment by concluding the second batch of its Capacity Building Programme for Rice Farmers on Commercial Scale in Umuahia, Abia State. Speaking during the clo...

March 22, 2025 No Responses

ILO: Nigeria Seeks Formal Designation, Elevation Of Seafarers, Others

The Federal Government of Nigeria through its Ministry of Marine and Blue Economy, and the Nigerian Maritime Administration and Safety Agency (NIMASA), has continued its advocacy for the formal designation of seafarers as key workers. This, the government expl...