City Archives — City Business News

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 issued by...

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...

January 17, 2025 No Responses

Govs Back Tax Reform Bills

The 36 state governors in Nigerian have thrown their weight behind the Federal Government’s tax reform bills. The governors are also proposing a new sharing formula for value-added tax (VAT). The decision followed a meeting of the Nigeria Governo...

January 17, 2025 No Responses

NIMASA Targets N537b Revenue In 2025

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to attain N560 billion revenue for the year 2025. Director General of NIMASA, Dr. Dayo Moboreola, announced this on Thursday during the agency’s budget defence before the Nati...

January 17, 2025 No Responses

Alleged N1.96bn Fraud: Court Slates Jan 31 For Ex- AGF’s Trial

Justice James Omotosho of the Federal High Court, Maitama, Abuja has fixed January 31, 2025 for the trial of the formerActing Accountant General of the Federation, AGF, Anamekwe Nnabuoku for alleged multiple financial fraud to the tune of N1.96billion.Nnabuo...

January 17, 2025 No Responses

Alleged N12.3b Fraud: EFCC To Arraign Otudeko, Ex-First Bank MD

The Economic and Financial Crimes Commission (EFCC) has filed a 13-count criminal charge against the Chairman, Honeywell Group, Chief Oba Otudeko and a former Managing Director of First Bank, Olabisi Onasanya for allegedly obtaining the sum of N12.3bn from Fir...

January 16, 2025 No Responses

NPA: NASS Raises 2025 Revenue Target To ₦1.7tri

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday disclosed that the agency generated N753 billion in 2024. The NPA boss who stated this during a presentation on NPA’s 2024 revenue performance and 2025 projections to ...

January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account. The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...

January 16, 2025 No Responses

NASS Raises FIRS 2025 Revenue Target To ₦25tri

The National Assembly has raised the revenue target for the Federal Inland Revenue Service (FIRS) following revelations by Executive Chairman, Zacch Adedeji, that it had surpassed its 2024 revenue collection target, exceeding the ₦19.4 trillion target s...

January 16, 2025 No Responses

LAGOS KICKS OFF 2025 VOLUNTARY BLOOD DONATION

The Lagos State Blood Transfusion Service (LSBTS) has flagged off the Year 2025 Voluntary Blood Donation Awareness Month with an appeal to residents to embrace voluntary blood donation as a lifesaving act. Themed: “Blood, A Precious Gift: Give to Save...