City BusinessNews Archives — Page 52 of 371

April 18, 2024 No Responses

NCDMB Receives $1m Return On Investment From NEDOGAS

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was...

April 18, 2024 No Responses

Cardoso: CBN Not Using Foreign Reserve To Defend Naira

THE Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, on Wednesday said the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent decline in Nigeria’s foreign reserves....

April 17, 2024 No Responses

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cen...

April 17, 2024 No Responses

FG Begins Disbursement Of N200b

The Federal Government has commenced disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across ...

April 17, 2024 No Responses

Kidnappers Of FRSC Personnel Demand Ransom

The Ebonyi State Command of Federal Road Safety Corps (FRSC), on Tuesday, confirmed the abduction of two of its personnel by gunmen along the Abakaliki-Enugu federal highway. Briefing Journalists, the Sector Commander of the FRSC in Ebonyi State, Henry Igwe,...

April 16, 2024 No Responses

FIVE SERVANTS OF GOD IN NIGERIA

In response to a question asked by a commentator on my Facebook post yesterday, I now confirm that there are five ‘Servants of God’ on the path to sainthood in the Catholic Church in Nigeria.Servant of God is the first...

April 16, 2024 No Responses

Maritime: Singapore Retains Position As World’s Top City

Singapore has retained its position as the leading maritime city in the world, followed by Rotterdam and London, according to the 2024 Leading Maritime Cities (LMC) report. The city-state, with its large owned and managed vessel fleets, strategic geographic ad...

April 16, 2024 No Responses

NDDC Completes Electricity Sub-Station In Edo State

The electricity injection substation built by the Niger Delta Development Commission, NDDC, in Amufi-Ikpoba Okha Local Government Area in Benin City, Edo State, has been completed and is set for inauguration and hand over to the Benin Electric Distribution Com...

April 16, 2024 No Responses

Ecobank Partners Nigeria Chess Federation, To Host 2024 Competition

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May 2024...

April 16, 2024 No Responses

Nigeria’s Inflation Rate Hits 33.20%

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at ...

April 16, 2024 No Responses

Airpeace Boss Lauds Pelumi For London-Lagos Solo Drive, Offers Free London Flight Ticket

The Chairman of Air Peace, Dr Allen Onyema, has applauded Solo Driver Pelumi Nubi for accomplishing the feat of driving from London to Lagos. This is as Onyema has also offered Miss Nubi a free London Business Class return ticket....

April 16, 2024 No Responses

Maduka: The Road To Success Is Rarely Linear

My name is Dr. Cosmas Maduka, and the world of business is where I found my calling. But my journey wasn’t a smooth ride from the start. In fact, it began with calloused hands and the determination of a young...

April 15, 2024 No Responses

Shell Sues FIrm As NLNG Risks Sanctions From UK Court

FOLLOWING restriction of Liquefied Natural Gas (LNG) supply to its customers, Shell Plc has made claims against Venture Global LNG(VGL), a United States-based LNG exporter, for its breach of contract to supply LNG cargoes.Also, Nigeria LNG may risk sanctions f...

April 15, 2024 No Responses

Iceland Lauds Nigeria’s Ongoing Economic Reforms

Iceland Honorary Consul to Nigeria has applauded the ongoing economic reforms being carried out by the administration of President Bola Tinubu.Iceland Honorary Consul to Nigeria, Jacky Hathiramani who stated his home government’s position at a press briefing...