Author: City BusinessNews

CBN Allocates $20,000 To Each BDC At ₦1,590/$
September 26, 2024 No Responses

CBN Allocates $20,000 To Each BDC At ₦1,590/$

The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change operators dated...
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CSCS Appoints Adesola, Aisha Muhammed-Oyebode As Directors
September 26, 2024 No Responses

CSCS Appoints Adesola, Aisha Muhammed-Oyebode As Directors

The Central Securities Clearing System (CSCS) Plc has appointed Bola Adesola and Aisha Muhammed-Oyebode to its Board of Directors.A statement issued on Wednesday explained that the appointments reflect CSCS’s commitment to strengthening its leadership wi...
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FG Raises Corps Members Allowance To ₦77,000
September 26, 2024 No Responses

FG Raises Corps Members Allowance To ₦77,000

The Federal Government has approved the increase of Corps Members’ monthly allowance to ₦77,000 with effect from July 2024. In a statement on Wednesday, a spokesperson for the National Youth Service Corps (NYSC), Caroline Embu, said the increment was in...
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Ecobank Nigeria Partners Women In Mining On Gold, Gemstone Conference
September 25, 2024 No Responses

Ecobank Nigeria Partners Women In Mining On Gold, Gemstone Conference

Ecobank Nigeria, a subsidiary of the Ecobank Group, is partnering the Women in Mining In Nigeria (WIMIN) for its annual Gold & Gemstone Conference & Exhibition. The 3-day event scheduled for Thursday, September 26th to Saturday, September 28th will be....
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CBN Raises Interest Rate To 27.25%
September 25, 2024 No Responses

CBN Raises Interest Rate To 27.25%

Again, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent “to moderate inflation”  which stands at 32.15%. This was revealed by the CBN Governor, Olayemi...
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NDDC To Regularise Budget Cycle, Inaugurates 2025 Budget Committee
September 25, 2024 No Responses

NDDC To Regularise Budget Cycle, Inaugurates 2025 Budget Committee

The Niger Delta Development Commission, NDDC, is to regularise its budget cycle to align with the national budget, as it inaugurates 18-member 2025 Budget Committee to prepare its budget proposals.  Addressing members of the committee during the inaugurat...
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WMD: Oyetola Pledges Zero Piracy, Dantsoho Laud Minister On Efficiency At Seaports
September 25, 2024 No Responses

WMD: Oyetola Pledges Zero Piracy, Dantsoho Laud Minister On Efficiency At Seaports

Ahead of Thursday’s World Maritime Day, the Minister of Marine and Blue Economy, Adegboyega Oyetola, has described the theme for this year’s celebration, “Navigating the Future: Safety First,” as a fitting narrative for the current happ...
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Air France-KLM, TotalEnergies Sign 10-Year Aviation Fuel Supply MoU
September 24, 2024 No Responses

Air France-KLM, TotalEnergies Sign 10-Year Aviation Fuel Supply MoU

TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. This agreement marks one the largest...
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Photo News
September 24, 2024 No Responses

Photo News

Chief Isaac Jolapamo (Left) presents Captain Emmanuel Iheanacho with AMES ‘Lifetime Achievement Award in Shipping’ at the just concluded AMES Summit in Lagos
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NDDC Receives Database For Youth Internship Scheme
September 24, 2024 No Responses

NDDC Receives Database For Youth Internship Scheme

The Niger Delta Development Commission, NDDC, has received the database produced by its consultant for the Commission’s Youth Internship Scheme launched on August 5, 2024 in Port Harcourt by the Senate President, Chief Godswill Akpabio.  Receiving the datab...
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Tinubu Congratulates Okpebholo
September 23, 2024 No Responses

Tinubu Congratulates Okpebholo

President Bola Tinubu has congratulated Monday Okpebholo of the All Progressives Congress (APC) for his victory in Saturday’s Edo State governorship election. Okpebholo, 54, secured 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP) ...
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NDLEA Impounds N13b Opioids At Tincan Port
September 23, 2024 No Responses

NDLEA Impounds N13b Opioids At Tincan Port

The Nigeria Drug Law Enforcement Agency (NDLEA) has intercepted opioids worth N13billion at the Tincan port complex, Lagos State. A statement issued on Sunday by the Agency’s Director of media and publicity, Femi Babafemi explained that up to 250 million...
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FG Donates 100 Trailers Of Rice, Others To Borno Flood Victims
September 22, 2024 No Responses

FG Donates 100 Trailers Of Rice, Others To Borno Flood Victims

The Federal Government has donated food items to flood victims in Maiduguri, Borno State, including 100 trailers of milled rice, among other items.  The Minister of Agriculture, Senator Abubakar Kyari, in a statement on Saturday explained that President B...
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Dubois Defeats Anthony Joshua To Retain Crown
September 22, 2024 No Responses

Dubois Defeats Anthony Joshua To Retain Crown

Daniel Dubois has retained his IBF world heavyweight title with a fifth-round knockout of Anthony Joshua in an all-British spectacular at Wembley on Saturday. Daniel Dubois retained his IBF world heavyweight title with a fifth-round knockout of Anthony Joshua ...
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