Category: News

Geregu Power Declares 50.5% Drop In Profit  
February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively.     The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit before...
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Buhari Inaugurates MOFI Board, FG Targets N100trillion
February 2, 2023 No Responses

Buhari Inaugurates MOFI Board, FG Targets N100trillion

President Muhammadu Buhari has charged the Ministry of Finance Incorporated (MOFI) to grow its Assets Under Management from the current value of N18 trillion to at least N100 trillion in the next 10 years.  The president gave the charge at...
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FEC Approves N4b For Construction Of Senate Buildings, Radio Antenna 
February 2, 2023 No Responses

FEC Approves N4b For Construction Of Senate Buildings, Radio Antenna 

The Federal Executive Council (FEC) has approved about N4 billion for the execution of three projects across the nation.  The amount would cover the construction of Senate Buildings in Osun State University, Osogbo, and Federal University, Lokoja, as well...
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Lagos Unveils Mobile Learning Devices 
February 1, 2023 No Responses

Lagos Unveils Mobile Learning Devices 

The Lagos State Government has described its Unified Scheme of Work and launch of Mobile learning devices/E-Books for secondary school students as ground-breaking and designed to revolutionise teaching and learning in schools in the State.   Gov. Bab...
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Okomu Oil Donates Relief Materials To Owan Fire Victims 
February 1, 2023 No Responses

Okomu Oil Donates Relief Materials To Owan Fire Victims 

Okomu Oil Palm Company Plc has donated relief materials worth millions of naira to the victims of the November 18th, 2022 fire disaster in Owan community, Ovia North East Local Government Area of Edo State.   The fire incident occurred when a...
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INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 
January 31, 2023 No Responses

INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria.   A statement sent to City Business News explained that Nigeria  is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, followi...
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Navy Reacts To “Sinking” Warship Viral Video
January 31, 2023 No Responses

Navy Reacts To “Sinking” Warship Viral Video

The Nigerian Navy has called on the general public to jettison in totality a viral video showing Nigerian Navy Ship (NNS) THUNDER in distress and described it as “unpatriotic, clueless and unprofessional.’’  The video in circulation showed an uniden...
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NPA Probes Ojuelegba Container Accident  
January 31, 2023 No Responses

NPA Probes Ojuelegba Container Accident  

The Management of Nigerian Ports Authority (NPA) has commenced full scale investigation to ascertain the source of container linked to last Sunday accident that clamed nine lives.   NPA in a statement obtained by City Business News on Tuesday, commis...
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<strong>Nigeria Woos Landlocked Countries As Buhari Unveils  Dala Inland Dryport </strong>
January 31, 2023 No Responses

Nigeria Woos Landlocked Countries As Buhari Unveils  Dala Inland Dryport 

President Muhammadu Buhari has commissioned the Dala Inland Dryport, in Dala Local Government Area of  Kano State.   The inauguration of the Port form part of President Buhari’s visit to Kano State on Monday.  The President, who arrived a...
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NDLEA Bursts Trans-Border Cartel 
January 30, 2023 No Responses

NDLEA Bursts Trans-Border Cartel 

Operatives of the National Drug Law Enforcement Agency, (NDLEA), have dismantled a trans-border drug cartel and arrested five leaders of the syndicates operating in parts of the world.  A statement issued on Sunday by the Director, Media and Advocacy, NDL...
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NMA Seeks Pragmatic Collaboration To Eliminate Leprosy 
January 30, 2023 No Responses

NMA Seeks Pragmatic Collaboration To Eliminate Leprosy 

The Nigerian Medical Association (NMA) has called for pragmatic collaboration among stakeholders toward eliminating leprosy in 120 countries by 2030.  The NMA President, Dr Uche Ojinmah, made the call in a statement by Dr Sebastine Oiwoh, the Chairman, Na...
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Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 
January 30, 2023 No Responses

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....
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Lassa Fever: Ondo Records 106 Cases, Eight Deaths 
January 30, 2023 No Responses

Lassa Fever: Ondo Records 106 Cases, Eight Deaths 

Ondo State Government, on Sunday, confirmed 106 cases of Lassa Fever and eight deaths.  Special Adviser to the governor on Health, Prof. Francis Faduyile, made the disclosure in an interview with the News Agency of Nigeria (NAN).  Faduyile said the.....
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FRSC Boss Recommends Construction Of Barricades On Ojuelegba Bridge  
January 30, 2023 No Responses

FRSC Boss Recommends Construction Of Barricades On Ojuelegba Bridge  

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu has expressed concern over recurring container crashes on Ojuelegba bridge in Lagos and called for barricades to stop articulated vehicles from using the bridge.  Biu said this in a statement....
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