Author: City BusinessNews

Firm Orders Six Cargo Ships
May 5, 2024 No Responses

Firm Orders Six Cargo Ships

French sailing freight transport company, TransOceanic Wind Transport (TOWT) has ordered six additional vessels from compatriot shipbuilder Piriou. The newbuilds are expected to debut in 2026 and 2027, TOWT said. The order comes as the company prepares to commission its...
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Ikoyi Towers’ Squatters Get 48-Hour Quit Notice
May 5, 2024 No Responses

Ikoyi Towers’ Squatters Get 48-Hour Quit Notice

The Lagos State Government has given a 48-hour quit notice to illegal occupants of abandoned Ikoyi Towers in Lagos Island.  The state’s Commissioner for Environment and Water Resources Tokunbo Wahab gave the notice on Saturday during an inspection of so...
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Tinubu Implores Automotive Manufactures On Affordable Vehicles For Nigerians
May 5, 2024 No Responses

Tinubu Implores Automotive Manufactures On Affordable Vehicles For Nigerians

President Bola Ahmed Tinubu has urged automotive manufacturers in Nigeria to facilitate the production of affordable vehicles for Nigerians.  Tinubu made the remarks during a meeting with the African Association of Automotive Manufacturers (AAAM) and the ...
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Court Jails Ex-FCMB Manager 121 Years For N112m Fraud
May 4, 2024 No Responses

Court Jails Ex-FCMB Manager 121 Years For N112m Fraud

Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting...
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Press Freedom Not License To Spread Fake News, Says Minister
May 4, 2024 No Responses

Press Freedom Not License To Spread Fake News, Says Minister

Press freedom is not a license for practitioners to spread fake news, misinformation and disinformation, the Minister of Information and National Orientation, Mohammed Idris, has said. Idris stated this on Friday in Abuja while responding to questions from Jou...
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Shippers Council Thrift Society Declares N70.9m Dividend For 2023
May 4, 2024 No Responses

Shippers Council Thrift Society Declares N70.9m Dividend For 2023

The Nigeria Shippers Council (NSC) Staff Multipurpose Cooperative Society Limited has declared N70.9million (N70,927,361.19) dividend and net surplus of N141.9million (N141,854,723.73) for the fiscal year 2023,  compared to net surplus of N88.9millio...
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Minister Reiterates FG’S Commitment To Fast- Track Development In Auto Sector
May 3, 2024 No Responses

Minister Reiterates FG’S Commitment To Fast- Track Development In Auto Sector

The Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr. Doris NKIRUKA Uzoka-Anite has reiterated the Federal Government’s commitment to boost development in the Nigeria Automotive Industry.The Minister stated this on Friday, 3rd May...
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Pope Appoints Substantive Bishop For Ahiara Diocese
May 3, 2024 No Responses

Pope Appoints Substantive Bishop For Ahiara Diocese

The Holy Father has appointed Bishop Simeon Okezuo Nwobi, C.M.F., until now titular Bishop of Rusgunie and auxiliary of the apostolic administrator sede vacante of Ahiara, as Bishop of the diocese of Ahiara, Nigeria.Bishop Simeon Okezuo Nwobi, C.M.F., was born...
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Youth Empowerment: UBA Employs 398 Across Africa
May 3, 2024 No Responses

Youth Empowerment: UBA Employs 398 Across Africa

United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience.Th...
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NADDC Partners AAAM, NAMA On Growth Of Nigeria’s Automotive Industry
May 3, 2024 No Responses

NADDC Partners AAAM, NAMA On Growth Of Nigeria’s Automotive Industry

The National Automotive Design and Development Council (NADDC) has initiated a strategic partnership with the African Association of Automotive Manufacturers (AAAM) and the Nigerian Automotive Manufacturers Association (NAMA) as part of measures to foster the ...
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Seaports Unveil Top Nine Priorities
May 3, 2024 No Responses

Seaports Unveil Top Nine Priorities

In view of the upcoming EU elections in June, the European Sea Ports Organisation (ESPO) — which represents over 98% of the seaports of the European Union — has set its priorities for the next five years with a strong...
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LASTMA Tasks Cadet On Professionalism
May 3, 2024 No Responses

LASTMA Tasks Cadet On Professionalism

The Lagos State Traffic Management Authority (LASTMA) has emphasised the importance of professionalism among its cadet officers in serving the motoring public across the state and ensuring effective traffic management. The Special Adviser to the Governor on Tr...
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CPPE Implores CBN On Quarterly FX Rate For Customs
May 3, 2024 No Responses

CPPE Implores CBN On Quarterly FX Rate For Customs

The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs...
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Transcorp Group Sustains 173% Revenue Growth, N45b PBT
May 2, 2024 No Responses

Transcorp Group Sustains 173% Revenue Growth, N45b PBT

Transnational Corporation Plc conglomerate, with investment in the Power, Hospitality, and Energy sectors, has announced Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported year-on-year growth, wi...
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