Business Archives — City Business News

March 30, 2025 No Responses

Anxiety Over Meningitis Outbreak In Nigeria

Since early March, meningitis has been spreading rapidly throughout several states across Northwest Nigeria, mainly in Kebbi and Sokoto States, an international non-governmental organisation, Médecins Sans Frontières, also known as Doctors Without Borders, has declared. According to the group, the...

March 30, 2025 No Responses

Fubara Reacts To Nwaeke’s Allegations

Governor Siminalayi Fubara of Rivers State on Saturday denied allegations levelled against him by a former Head of Service (HoS) of the state, George Nwaeke and is asking Nigerians to disregard them. Nwaeke had allege that Fubara was conniving...

March 30, 2025 No Responses

Sultan Declares Sunday Eid-el-Fitr

The Sultan of Sokoto, His Eminence Muhammad Sa’ad Abubakar, has declared Sunday, 30th of March 2025, as equivalent to 1 Day of SHAWWAL 1446AH and Eid-Fitri day across Nigeria. The Sultan, who is the President-General of the Nigeria Supreme Council...

March 29, 2025 No Responses

GTCO Declares N1.2tri For 2024

For the 2024 financial year, GTCO Plc declared N1.266 trillion, profit before tax, up from N609.3 billion a year earlier. The Group, in its audited financial statement released on the Nigerian Exchange Limited on Friday, also disclosed a profit after...

March 29, 2025 No Responses

Investdata 2025 Q2 Master Class To Focus On Post-Earnings Season Strategies

The Investdata Master Class for the 2025 Q2 holds Saturday, March 29, 2025 with the theme “Post-Earnings Season Strategies For Winning Edge In Q2 Market Oscillation.” As usual, time-tested equity traders and analysts with decades of experience in technical...

March 29, 2025 No Responses

MRS Oil Exits NGX

MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and subsequent admission to the NASD OTC Securities Exchange.In a corporate disclosure on Friday through the Nigerian Exchange, the co...

March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the...

March 28, 2025 No Responses

IMF Appoints Elumelu To Advisory Council On Entrepreneurship, Growth

Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leadi...

March 27, 2025 No Responses

US Imposes 25% Tariffs On Imported Vehicles, Parts

The United States automakers and their global rivals were rocked on Wednesday by President Donald Trump’s announcement that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States. Trump said the duties an...

March 27, 2025 No Responses

Akwa Ibom Approves City Bus Scheme For Uyo Metropolis

The Executive Council of Akwa Ibom State Government has ratified and approved the implementation of a modern City Bus transportation system for Uyo metropolis. According to the state government, the project will provide safe, reliable and eco-friendly bu...

March 26, 2025 No Responses

Federal Character: Senate Probes NNPC, NAFDAC, NUPRC, Others

The Senate has directed its Committee on Federal Character and Inter-Governmental Affairs to conduct a thorough investigation hearing into all Ministries, Departments, and Agencies (MDAs) to determine their level of compliance with Sections 14(3) and 14(4) of ...

March 26, 2025 No Responses

Labour Threatens Action Over Emergency Rule In Rivers

Organised Labour has threatened action to compel the Federal Government to reverse proclamation of emergency rule in Rivers State. The threat was contained in a statement jointly signed by the Rivers State Chairperson of the Nigeria Labour Congress (NLC), Alex...

March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax, up from N607.7billion recorded at the end of 2023, an increase of of 26.14 per cent. The 2024 financials, file...

March 25, 2025 No Responses

NSML Unveils New Logo, Reiterates Commitment

NLNG Shipping and Marine Services Limited (NSML) has launched its new company logo, marking a significant turning point in the Company’s evolution into a leading integrated marine services company and its growth, diversification, and expansion into new marke...