City BusinessNews, Author at City Business News

April 30, 2024 No Responses

Q1: Seplat Energy Declares US 3 Cents Dividend

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the three months ended 31 March 2024, declaring US 3 Cents dividend per share for...

April 29, 2024 No Responses

Edo Announces N70,000 Minimum Wage

Edo State Governor, Mr. Godwin Obaseki, has announced an increase in the minimum wage for Edo workers from N40,000 to N70,000 effective from May 1, 2024.Obaseki disclosed this on Monday while delivering his speech at the commissioning of Edo State...

April 29, 2024 No Responses

NGF Seeks Safer Transportation Of Petroleum Products

Discussions are advancing among the 36 state governors and strategic federal agencies in the oil and gas industry over the adoption of safer methods of transportation of petroleum products across the country, the Nigerian Governors Forum (NGF) disclosed on Sun...

April 29, 2024 No Responses

Dangote: Industrialization key To Diversification Of The Economy

The Pan-African Conglomerate, Dangote Industries Limited (DIL) has emphasized the crucial role of industrialization in diversifying the economy. The Regional Sales Director, Lagos/Ogun Dangote Cement PLC, Mr Tunde Mabogunje, disclosed this at the ongoing 13th ...

April 29, 2024 No Responses

Innoson, Other Bus Makers To FG: Implementation Of CNG Initiative Subverts Nigeria’s New Auto Policy

The news that the Federal Government was set to unveil the first batch of about 5600 “palliative” compressed natural gas (CNG) and electric vehicles as part of the first anniversary celebration of President Bola Tinubu’s administration, has set off rippl...

April 28, 2024 No Responses

Grimaldi Takes Delivery Of 4th Multipurpose RoRo For West Africa

Italian shipping company Grimaldi has taken delivery of Great Abidjan, the fourth ship in a series of six multipurpose roll-on/roll-off (RoRo) units belonging to the new G5 class. Following the delivery, Great Abidjan will soon be transporting rolling freight ...

April 28, 2024 No Responses

120 Vehicles Burnt As Tanker Explosion Causes Carnage In Rivers

More than 120 vehicles and goods worth estimated billions have been destroyed in tanker fire along the East-West Road in Rivers State. Rivers State Governor, Siminalayi Fubara, who visited the scene of the devastating tragedy on Saturday, confirmed five ...

April 28, 2024 No Responses

Lagos-Calabar Coastal Road: Demolition Of Structures Begins

The Minister of Works, David Umahi has flagged off the demolition of buildings on the right of way of the Lagos-Calabar Coastal Road. The demolition exercise began at the Mani Chula Beach, Oniru Waterfront on Saturday. The minister said compensation...

April 27, 2024 No Responses

Tinubu Appoints Jim Ovia As Chairman Education Loan Fund

President Bola Tinubu has appointed renowned banker and businessman, Mr. Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Ovia is the founder of Zenith Bank Plc and an alumnus of Harvard Business School and...

April 27, 2024 No Responses

Edo 2024: Obaseki, Igbinedion, Danjuma, Ikimi, Others Lead PDP Campaign Council

The Edo State Governor, Mr. Godwin Obaseki has been named head of the Advisory Committee for the 2024 Edo State Peoples Democratic Party (PDP) Governorship Campaign Council, with the Esama of Benin Kingdom, Chief Gabriel Igbinedion and National Leader of...

April 27, 2024 No Responses

Court Orders Arrest Of Ex-DG

A Federal High Court sitting in Apo, Abuja has ordered the arrest of the former Director General of the National Institute for Legislative and Democratic Studies, Ladi Hamalai for her failure to appear in the corruption case preferred against her...

April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria. The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to t...

April 26, 2024 No Responses

Air Peace Secures Approval For Abuja-London Flights

Air Peace has secured approval for its Abuja-London flights. The Minister of Aviation and Aerospace Development, Festus Keyamo, who disclosed this on Channels Television’s Politics Today programme on Thursday, said he has given approval f...

April 26, 2024 No Responses

PDP Unveils Campaign Council For Edo 2024 Governorship Election

The Edo State Chapter of the Peoples Democratic Party (PDP) has launched the Campaign Council for the September 21 2024 Governorship Election in the State. In a statement, the PDP State Organizing Secretary, Tony Anenih (Jnr.) said members of the Campaign...