City BusinessNews, Author at City Business News

February 5, 2022 No Responses

Nigeria’s Fuel Subsidies Back Under The Spotlight

By LukmanOtunuga, Senior Research Analyst At FXTM — The explosive surge in oil prices over the past few months has been good news to energy producing countries including Nigeria. It is worth keeping in mind that Africa’s largest economy acquires...

February 4, 2022 No Responses

NGX Lists Key Growth Drivers For 2022

The Nigerian Exchange (NGX) Ltd. has listed five key areas it will pursue to make significant strides in 2022. The Chief Executive Officer, NGX, Mr Temi Popoola, listed the key areas as building on digital transformation, listings and delistings, technol...

February 4, 2022 No Responses

Lagos Prosecutes 1,120 Traffic Offenders

The Coordinator, Lagos State Special Offences (Mobile Court) , Mrs Arinola Ogbara-Banjoko on Thursday disclosed that the court prosecuted 1,120 traffic offenders in 2021. Ogbara-Banjoko stated this while speaking with Journalists during the 3rd Mobile Court ...

February 4, 2022 No Responses

Okomu Oil Suspends Operations

The Okomu Oil Palm Company in Edo State has suspended operations in the aftermath of what the management described as a “terrorist attack“ on Tuesday. “For now, we are forced to shut down our operations to save lives from possible...

February 4, 2022 No Responses

Redeemer’s University Matriculates 1,038 Students

Redeemer’s University, Ede, Osun State on Thursday matriculated 1038 students for the 2021/2022 Academic Session. The News Agency of Nigeria (NAN) reports that the event is the university’s 17th matriculation ceremony since the university was founded in ...

February 4, 2022 No Responses

Railway: Firms Drag Minister To Court Over Alleged Unlawful Award Of Contract

Three construction companies have dragged the Minister of Transportation and the Attorney-General of the Federation (AGF) to a Federal High Court in Abuja over alleged unlawful award of 190-km rail line construction to a Chinese Firm without due process. ...

February 4, 2022 No Responses

2021:Shell Declares $20.1b Net Profit

Shell surged back into profit last year as oil prices rocketed on recovering demand with economies reopening from pandemic lockdowns. Net profit stood at US$20.1 billion following a loss after tax of US$21.7 billion in 2020, Shell said in a...

February 4, 2022 No Responses

Egypt Beat Cameroon On Penalties

Goalkeeper Gabaski was the hero, saving two penalties as Egypt edged past hosts Cameroon in a penalty shootout after a goalless draw to set up an Africa Cup of Nations final against Senegal. Sunday’s final sets up a tantalising meeting...

February 3, 2022 No Responses

FG Pays N22.7b Petroleum Bridging Claims To Transporters

The Federal Government has paid bridging claims amounting to N22.7 billion to transporters of petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed on Wednesday. The Chief Executive Officer, NMDPRA, ...

February 3, 2022 No Responses

Photo News

L-R: Chairperson of Women in Logistics and Transport (WILAT), Khadijat Ifelola Sheidu-Shabi, Group Executive Director, Special Duties and Group Chief Risk Officer, Dangote Industries Limited, Dr. Nike Fajemirokun, President Dangote Industries Limited...

February 3, 2022 No Responses

FirstBank Rewards 300 Visa Gold Card Customers

First Bank of Nigeria is to reward over 300 holders and customers of its branded Visa Gold card at the ongoing Visa Gold card campaign scheduled to end March 25, 2022 First Bank’s Group Executive, e-Business and Retail Products, Mr...

February 3, 2022 No Responses

Dangote Gets CILT Award, Pledges Collaboration With Institute

President/Chief Executive, Dangote Industries, Aliko Dangote on Wednesday received the prestigious award of the ‘Champion of CILT’ in recognition of his personal and the group’s contributions and support in areas of transport, logistics and supply c...

February 3, 2022 No Responses

Nestle To Cut 474 Jobs, Close Factory

Nestle has announced its confectionery factory in Newcastle is to shut with the loss of 474 jobs. The global food manufacturer said it was holding talks with employees at the Fawdon plant but the focus was now on closing it...

February 3, 2022 No Responses

Lagos Reviews Roadworthiness Certificate, Unveils Booking System

The Lagos State Government has introduced a Booking System to stem the surge recorded at some vehicle inspection centres. This followed the assessment of the ‘No Vehicle Inspection, No Road Worthiness Certificate’ Policy which commenced in January 20...