Category: News

FCMB-TLG Private Debt Fund Opens For Investment
June 24, 2024 No Responses

FCMB-TLG Private Debt Fund Opens For Investment

FCMB Asset Management Limited (FCMBAM), recently, held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.The Fund, which has been approved by the Securities and Exchange Commission, is sponsored and managed by FCMB...
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NDDC Harps On Youth Empowerment
June 24, 2024 No Responses

NDDC Harps On Youth Empowerment

The Niger Delta Development Commission, NDDC, has re-affirmed its commitment to programmes aimed at empowering the youths of the Niger Delta region.The NDDC Managing Director, Dr Samuel Ogbuku, gave this assurance during a stakeholders’ engagement in Akure, ...
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Obaseki Attributes Rising Inflation To Inability To Produce, Export
June 24, 2024 No Responses

Obaseki Attributes Rising Inflation To Inability To Produce, Export

The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively. Obas...
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Dangote Refinery Accuses IOCs, NMDPRA Of Sabotage
June 23, 2024 No Responses

Dangote Refinery Accuses IOCs, NMDPRA Of Sabotage

Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.A statement issued on Sunday qu...
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Gunmen Abduct Catholic Priest In Zamfara
June 23, 2024 No Responses

Gunmen Abduct Catholic Priest In Zamfara

Gunmen have kidnapped the parish priest of St. Raymond Catholic Church Damba, Gusau, Zamfara State, Rev. Fr. Mikah Suleiman. The spokesperson of Zamfara State Police Command, Yazid Abubakar explained that the priest was kidnapped around 3 am on Saturday at...
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NIMASA DG Visits Ferdinand Agu’s Family, Burial For August 2
June 23, 2024 No Responses

NIMASA DG Visits Ferdinand Agu’s Family, Burial For August 2

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, expressed deep condolences during his visit to the families of the late Architect Ferdinand Agu, former Director General of the National Maritime Autho...
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NIMC Refutes Alleged Data Compromise
June 22, 2024 No Responses

NIMC Refutes Alleged Data Compromise

The National Identity Management Commission (NIMC) hasdebunked alleged exposure of sensitive data of Nigerian citizens.A statement issued on Saturday by Kayode Adegoke,Head, Corporate Communications assured the public that the data of Nigerians has notbeen com...
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Bayelsa Creates Blue Economy Ministry
June 22, 2024 No Responses

Bayelsa Creates Blue Economy Ministry

By citybusinessnews@yahoo.com — Governor of Bayelsa State, Senator Douye Diri, on Friday, swore in additional 15 commissioners bringing the total number of members of his cabinet to 29. The governor also created two new ministries, which are Blue Econom...
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LASTMA Impounds 40 Vehicles
June 22, 2024 No Responses

LASTMA Impounds 40 Vehicles

To restore order and ensure the free flow of traffic, the Lagos State Traffic Management Authority (LASTMA) has impounded about 25 commercial and 15 private vehicles operating illegal garages and causing road obstructions around Oyingbo, Ijora, and Idumota are...
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Shell Inaugurates Dual-Use Megawatt Charger
June 21, 2024 No Responses

Shell Inaugurates Dual-Use Megawatt Charger

Anglo-Dutch energy major Shell has inaugurated its first self-developed megawatt charger for dual use by both shipping vessels and electric trucks at the Energy Transition Campus Amsterdam (ETCA) in the Netherlands. Integrated into ETCA’s power and hydr...
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Nigeria’s Debt Up By ₦24.33trn In Three Months
June 21, 2024 No Responses

Nigeria’s Debt Up By ₦24.33trn In Three Months

Debt Management Office (DMO) on Thursday disclosed that Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Niger...
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UAC: Takeaways From 2023 AGM
June 21, 2024 No Responses

UAC: Takeaways From 2023 AGM

At the Annual General Meeting of UAC of Nigeria PLC  held on 20 June 2024, at Festival Hotel, Diamond Estate, Amuwo Odofin, Lagos in respect of the 2023 Financial Year: The following resolutions were considered and duly passed:   That a div...
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NDDC Engages Afreximbank On Development Strategies
June 20, 2024 No Responses

NDDC Engages Afreximbank On Development Strategies

The Niger Delta Development Commission, NDDC, has started discussions with officials of the African Export-Import Bank, Afreximbank, as part of its efforts to collaborate with development partners in the quest for economic growth in the Niger Delta region. Spe...
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SAHCO: Key Takeaways From 14th AGM
June 20, 2024 No Responses

SAHCO: Key Takeaways From 14th AGM

At the 14th Annual General Meeting (AGM) of Skyway Aviation Handling Company (Sahco) Plc, on Thursday, June 13th, 2024, the shareholders of the Company passed the following Resolutions:  ORDINARY RESOLUTIONS  That a dividend of 30k per ordinary share...
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