27.39Lagos

Friday, 19 April 2024

Bello, Onyema, Maida, Yusuf, Sheidu-Shabi For City Business News Summit

All is now set for the City Business News Summit scheduled to hold November 8, 2023 at Oriental Hotels, Lagos State.Expected at the Business Summit titled: “Repositioning Nigerian Economy: 2023 And Beyond” are financial experts, regulators,  Industrialists, among others.A statment issued…

Shortage Of Midwives May Increase To One Million By 2030, Says WHO

The World Health Organisation (WHO) says that shortage of midwives will trigger an increase of one million by 2030 with serious implications for the attainment of Sustainable Development Goals.   Dr Matshidiso Moeti, World Health Organsation (WHO) Regional Director for…

OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June

The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022.   A statement issued…

NPA, Customs Harp On Efficient Export Process

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, who was recently named by President Bola Ahmed Tinubu as a member of the Implementation Committee of the National Single Window Project, on Thursday met with the Comptroller General of…

FG To Raise N35b For Ajaokuta Light Steel

FG Warns Against Obstruction Of EFCC From Lawful Duty

The Minister of Justice and Attorney-General of the Federation, Lateef Fagbemi, SAN has warned against obstructing the Economic and Financial Crimes Commission (EFCC) from carrying out its lawful duty.Fagbemi gave the warning Thursday in a statement released in Abuja.The warning…

NPA Secures $700m Citibank Loan

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Wednesday signed the Mandate Letter to secure a $700m Citibank loan to be funded by the UK Export Finance, UKEF. City Business News report that the loan is to…

NCDMB Receives $1m Return On Investment From NEDOGAS 

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was…

Cardoso: CBN Not Using Foreign Reserve To Defend Naira

THE Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, on Wednesday said the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent decline in Nigeria’s foreign reserves…

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cent…

FG Begins Disbursement Of N200b

The Federal Government has commenced disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across the country. Giving…

Kidnappers Of FRSC Personnel Demand Ransom

The Ebonyi State Command of Federal Road Safety Corps (FRSC), on Tuesday, confirmed the abduction of two of its personnel by gunmen along the Abakaliki-Enugu federal highway. Briefing Journalists, the Sector Commander of the FRSC in Ebonyi State, Henry Igwe, explained that…

FIVE SERVANTS OF GOD IN NIGERIA

In response to a question asked by a commentator on my Facebook post yesterday, I now confirm that there are five ‘Servants of God’ on the path to sainthood in the Catholic Church in Nigeria.Servant of God is the first…

Maritime: Singapore Retains Position As World’s Top City

Singapore has retained its position as the leading maritime city in the world, followed by Rotterdam and London, according to the 2024 Leading Maritime Cities (LMC) report. The city-state, with its large owned and managed vessel fleets, strategic geographic advantages,…

NDDC Completes Electricity Sub-Station In Edo State

The electricity injection substation built by the Niger Delta Development Commission, NDDC, in Amufi-Ikpoba Okha Local Government Area in Benin City, Edo State, has been completed and is set for inauguration and hand over to the Benin Electric Distribution Company,…

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