City BusinessNews, Author at City Business News

April 4, 2025 No Responses

EFCC Reaffirms Commitment To Economic Growth

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has reiterated his commitment towards using the anti-corruption fight to stimulate growth in the economy. He stated this in Abuja on Thursday, April 4, 2025 while...

April 4, 2025 No Responses

Photo News

Managing Director/Chief Executive Officer, Central Securities Clearing System (Nigeria) Plc, Mr. Haruna Jalo-Waziri (left) receiving the Lagos State government Plaque from Governor Babajide Sanwo-Olu, during a courtesy visit at Lagos House, Ikeja on Thursday, ...

April 4, 2025 No Responses

Seplat Energy Joins EITI As Supporting Company

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on th...

April 3, 2025 No Responses

CBN Explains $23b Net Reserve

Nigeria’s Net Foreign Exchange Reserve (NFER) hits $23.11 billion at the end of 2024, the highest level in over three years, the Central Bank of Nigeria (CBN), disclosed on Wednesday. According to CBN, the development reflects a substantial improvement in...

April 3, 2025 No Responses

US Slams 14% Tariff On Nigerian Exports

April 2, 2025 No Responses

Tinubu Reconstitutes NNPC Board, Appoints Ojulari Group CEO

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari. City Business News reports ...

April 2, 2025 No Responses

EU, UK Fine Carmakers $600m Over Recycling Cartel

Antitrust authorities in the EU and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers about 550 million euros ($594 million) for preventing competition on vehicle recycling. The European Commission said 15 manufacturers,...

April 2, 2025 No Responses

ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine

Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. This is one...

April 1, 2025 No Responses

Minister Harps On Public-Private Collaboration To Foster Sustainable Art Industry

Hannatu Musa Musawa, the Minister of Art, Culture, and Creative Economy, has called for stronger collaboration between the private and public sectors to ensure the sustainability of Nigeria’s art industry. The Minister also lauded Ecobank Nigeria, ...

April 1, 2025 No Responses

Shippers’ Council: WACT Tariff Increment Within Industry Benchmark

The Nigerian Shippers’ Council (NSC) on Monday, defended the proposed tariff increment by the West Africa Container Terminal (WACT), a subsidiary of APM Terminal. The Onne Port- based terminal operator had given its customers a notice to increase ...

April 1, 2025 No Responses

Tinubu Extends Nandap’s Tenure As Immigration CG

President Bola Tinubu has approved an extension of Mrs. Kemi Nanna Nandap’s tenure as the Comptroller-General of the Nigeria Immigration Service (NIS) through December 31, 2026. A statement issued on Monday by the Special Adviser to the President on In...

April 1, 2025 No Responses

Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving...

March 31, 2025 No Responses

Oluremi Tinubu Celebrates Mothers

The First Lady, Mrs Oluremi Tinubu, on Sunday celebrated mothers, describing them as unsung heroes. In a statement to mark this year’s Mother’s Day, Mrs Tinubu harped on the sacrifices made by mothers for their respective families. According to the...

March 31, 2025 No Responses

PDP Tackles Okpebholo Over Security Challenges In Edo

Edo State chapter of the Peoples Democratic Party (PDP) has blamed Governor Monday Okpebholo for the ‘security situation” in the state, which the party linked to the recent killing of travelers in Uromi. In a statement signed by the Edo...