Business Archives — Page 5 of 548

February 5, 2025 No Responses

FG To Raise N758b Bond

The Federal Executive Council (FEC) on Tuesday gave an approval to the Debt Management Office to raise N758 billion bond to clear the backlog of pension liabilities for all categories of pensioners. FEC also approved a 30 million Euro long-term...

February 5, 2025 No Responses

Lagos Reaffirms Commitment To Human Capital Development

Lagos State Government has reiterated its commitment to invest in human capital development as part of measures to enhance governance and service delivery. The Commissioner for Establishments and Training, Mr. Afolabi Ayantayo, made this assertion on Tuesday a...

February 4, 2025 No Responses

Nigeria Generates $831.14b From Oil, Gas In 24 Years

Nigeria generated over $831.14 billion in revenue from the oil and gas sector between 1999 and 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared. NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he...

February 4, 2025 No Responses

EFCC Arraigns CEO For Alleged N144m Hajj Pilgrims Fraud

The Gombe Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned the Chief Executive Officer, MB Lugga Global Travels and Tours Limited, Mustapha Mohammed before Justice TG.Ringim of the Federal High Court sitt...

February 3, 2025 No Responses

Ebola: Nigeria On High Alert

The Nigeria Centre for Disease Control and Prevention (NCDC) has placed the country on high alert following the confirmation of an Ebola Virus Disease (EVD) outbreak in Uganda. Dr Jide Idris, the Director‐General, said this on Sunday in an interview...

February 3, 2025 No Responses

Ecobank Super Reward Promo Winners Get N42m

Ecobank Nigeria, an affiliate of Ecobank Group, has awarded a total of N42 million to its customers through the Super Reward “Millionaire Geng Promo.” This six-month promotion, which ran from July 1 to December 31, 2024, saw customers of the...

February 3, 2025 No Responses

Nigeria Prize For Science, Literature Open Submissions For 2025

The Nigeria Prize for Science and The Nigeria Prize for Literature have opened submissions for their 2025 awards. A statement sent to City Business News at the weekend explained that this year, the Science Prize is looking for innovations in...

February 2, 2025 No Responses

Dangote Refinery Crashes Ex-Depot Price Of PMS To N890

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday, February1, 2025. A statement sent to City Business News explained that the price adju...

February 2, 2025 No Responses

Access Bank Appoints Uche Orji As Non-Executive Director

Access Holdings Plc has appointed Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc, effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’). A statemen...

February 1, 2025 No Responses

NCAA Revokes Eastwind Aviation, Omni-Blu Air’s Operator Certificates

The Nigeria Civil Aviation Authority (NCAA) on Friday revoked the air operator certificates of Eastwind Aviation Logistics Services Limited and Omni-Blu Aviation. In a post on its X handle, the NCAA said the move is part of efforts to “further sani...

February 1, 2025 No Responses

EFCC Arraigns 11 Chinese, One Filipino for Alleged Internet Fraud

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Friday, January 31, 2025, arraigned 11 Chinese, one Filipino and a company, Genting International Co. Ltd, before Justice D.I. Dipeolu of the Federal High Court sitting in...

January 31, 2025 No Responses

Lassa Fever: Nigeria Records 39 Deaths, 214 Confirmed Cases

Between December 30, 2024 and January 19, 2025, Nigeria Centre for Disease Control (NCDC) and Prevention recorded 214 confirmed cases of Lassa fever and 39 deaths in 10 states across 43 local government areas. Also within the period, NCDC reported...

January 31, 2025 No Responses

Katsina Gov Visits NGX Group, To Leverage Capital Market Opportunities

Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed...