City BusinessNews Archives — Page 27 of 370

July 19, 2024 No Responses

Minimum Wage: Why Labour Accepted ₦70,000, By NLC, TUC

The Organised Labour agreed to ₦70,000 as the new minimum wage for Nigerian workers because the wage reviews in the country will no longer be every five years but once in three years, the President of the Nigeria Labour Congress...

July 19, 2024 No Responses

Ecobank To Host SMEs On Solar Energy As Alternative Power Source

Ecobank Nigeria is set for its SME Conference on the use of Solar Energy as an alternative source of power for businesses in Nigeria. The monthly virtual conference is part of the Bank’s MySME Growth Series designed to empower SMEs...

July 18, 2024 No Responses

NLNG Reacts To Reports On Tax Appeal Tribunal’s Ruling

The Nigeria Liquefied Natural Gas (NLNG) has refuted reports alleging that Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016.Reacting to the reports,...

July 18, 2024 No Responses

NIMC, Online Publishers Roundtable: Implications and Future Directions

By Walter Duru, Ph.D — The digital age has reshaped how we consume and disseminate information, with online media playing a crucial role in shaping public perception and opinion. Recognizing this, the National Identity Management Commission (NIMC), with ...

July 17, 2024 No Responses

Edo Appeals Judgment On Deputy Governor

The Edo State Government has said the incumbent Deputy Governor of the State, Omobayo Marvellous Godwins remains and continues to serve as the valid deputy Governor of the State pending the hearing of the appeal of the judgement that faulted...

July 17, 2024 No Responses

FG, States, LGs Share N1.354tri

THE Federation Accounts Allocation Committee (FAAC) has shared N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs).The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister ...

July 17, 2024 No Responses

Access Bank Raises N442b Capital Through Syndicated Tier II Facility

Access Bank Plc has announced its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (the equivalent of about N442,500,000,000), underscori...

July 17, 2024 No Responses

Chery Partners ILOT On UEFA EURO 2024 Championship

Carloha, sole representative of Chery vehicles in Nigeria has announced its strategic partnership with ILOTBET, a leading sports business company. The partnership is centered around the ‘Predict and Win’ promo for the UEFA EURO 2024 Champion...

July 15, 2024 No Responses

Edo Sacks Health Commissioner

The Edo State Governor, Mr. Godwin Obaseki, has approved the disengagement of the Commissioner for Health, Dr. Samuel Alli, with immediate effect.In a statement, the Secretary to the State Government, Osarodion Ogie Esq., also announced the appointment of Dr. ...

July 15, 2024 No Responses

NNPC Stake In Dangote Refinery Now 7.2 Per Cent

The Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone, President of Dangote...

July 15, 2024 No Responses

NDLEA Impound Cocaine, Tramadol Hidden In Shoes, Custard Containers

The National Drug Law Enforcement Agency (NDLEA) has uncovered parcels of cocaine hidden in the soles of shoes bound for Europe. Disclosing this in a statement on Sunday, Femi Babafemi, shared videos of the seized contraband on X on Sunday,...

July 14, 2024 No Responses

Trump Survives Assassination Attempt

Donald Trump was rushed off stage smeared in blood after a series of gunshots were fired at a campaign rally on Saturday in Pennsylvania. As bangs ran out, Trump grimaced and clutched a hand to his right ear, where blood...

July 14, 2024 No Responses

Tinubu Appoints New Heads Of Federal Govt Agencies

President Bola Tinubu has approved the appointment of new Chief Executive Officers for more Federal Government Agencies, including the National Lottery Trust Fund (NLTF), National Directorate of Employment (NDE), Nigeria Hydrological Services Agency (NIHSA), N...

July 14, 2024 No Responses

Niger Delta Stakeholders Seek Active NDDC Advisory Committee

Niger Delta Stakeholders have stressed the urgent need to re-activate the Niger Delta Development Commission, NDDC, Advisory Committee, as provided for in its Establishment Act, to advise and monitor the activities of the Commission. This was part of the ...