Business Archives — City Business News

January 23, 2025 No Responses

Alleged N33.8b Fraud: How I Received More Than N22b From Federal Ministry Of Power, By BDC Operator

The trial of former Minister of Power, Saleh Mamman continued on Wednesday, January 22, 2025 at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission, EFCC presenting its 8th witness, PW8....

January 23, 2025 No Responses

Seplat Energy To strengthen Partnership With Akwa Ibom State

Seplat Energy Plc is to partner Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, Pastor Umo Eno, by a Seplat delegation led by the Board Chairman, Senator Udo Udoma, in...

January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue. Presented at the Facts Behind the Rights Issue event, t...

January 22, 2025 No Responses

Portugal To Import More U.S., Nigerian LNG

PORTUGAL plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia. Environment Minister Maria da Graca Carvalho said on Tuesday that Portugal imported 49,141 gigawatt...

January 21, 2025 No Responses

NLNG Seeks Increased Partnership With NPA

As part of measures to provide the operational collaboration necessary to grow exports, Managing Director/CEO, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Monday received the Chief Executive Officer, Nigeria LNG, Dr. Phillip Mshelbila at NPA Head...

January 21, 2025 No Responses

NCC Okays 50% Tariff Hike For Telcos

The Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. NCC Director, Public Affairs, Reuben Muoka in a statement explained that the price adjustment though lower than the “over 100% reques...

January 21, 2025 No Responses

Trump Signs Orders To Pardon Rioters, Exit Paris Pact

Donald Trump was sworn in for a historic second term as president on Monday, pledging a blitz of immediate orders on immigration and the US culture wars as he caps his extraordinary comeback. Already, Trump has signed a record number...

January 20, 2025 No Responses

MRS, Ardova, Heyden To Sell Dangote Petrol At ₦970/Litre

The management of Dangote Petroleum Refinery, on Sunday explained that the recent adjustment in ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. The company in a statement i...

January 20, 2025 No Responses

SEC Sets January 31 Deadline For Registration Renewals

The Securities and Exchange Commission (SEC) has reminded Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.The Commission said this in a circular issued recently to ask the operators to begin this...

January 19, 2025 No Responses

Ecobank Partners CreditCorp On Affordable Loans

Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans, according to Ecobank can be used to finance a variety of needs, including paying school fees, r...

January 19, 2025 No Responses

Lagos Govt Shuts School Over Pupil’s Death

The Lagos State Government has ordered the closure of Smiley Kids Montessori School, located in Heritage Place Estate, Sangotedo, following a swimming pool accident that claimed the life of a two-year-old girl, Rapheala Ogbodo. The announcement was made via a....

January 18, 2025 No Responses

FG, States, LGAs Share ₦1.424tri

A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting ...

January 18, 2025 No Responses

LASTMA Inducts Solicitor-General As Special Traffic Mayor

The Solicitor-General and Permanent Secretary, Ministry of Justice, Mr Hameed Oyenuga has been inducted into the esteemed corps of Mayors of Lagos State Traffic Management Authority (LASTMA). In his remark, during the induction, the Director of Traffic A...