City BusinessNews Archives — Page 63 of 371

March 4, 2024 No Responses

Nigeria Signs Multi-Sectoral Agreements With Qatar

President Bola Tinubu on Sunday witnessed the signing of agreements between Nigeria and Qatar in various sectors of the economy. Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement, said the signing, which...

March 4, 2024 No Responses

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr Akinwunmi Adesina, said on Saturday after visiting...

March 4, 2024 No Responses

Dana Air Bags Gender-Friendly Airline Award

In celebration of this year’s International Women’s Day, Dana Air has announced its support for the One Million Man Walk and Pan African HeforShe Summit by the African Women in Leadership Organization (AWLO) on the 6th and 7th of March...

March 3, 2024 No Responses

FG Pledges Mineral Data To Aid Qattari Businessmen

Comprehensive data on the pattern and quantity of energy mineral Lithium are available at the Nigerian Geological Survey Agency for businesses interested in establishing lithium companies in Nigeria.Solid Minerals Development Minister Dr. Oladele Alake made th...

March 3, 2024 No Responses

Port Harcourt-Aba Train Services Begin Operation In March

The train services on Port Harcourt to Aba route will start operation by the end of March, 2024. The Port Harcourt-Aba rail project is part of the larger Port Harcourt-Maiduguri railroad project initiated by President Muhammadu Buhari’s administration. Mr Fi...

March 3, 2024 No Responses

Nollywood Actor, Mr Ibu Dies At 62

Nollywood veteran, John Okafor AKA Mr Ibu is dead. The actor reportedly passed away at Evercare Hospital in Lagos State after a protracted battle with illness. Recall that the 62-year-old had battled health issues that led to the amputation of...

March 2, 2024 No Responses

NLNG Harps On Critical Role Of Gas To Africa’s Industrialisation

There is real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialization with a growing young population, abundant natural resources, and emerging internal markets, the Managing Director and Chief Executive Officer, Niger...

March 2, 2024 No Responses

MTN Nigeria Records N740b Forex Losses

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion in 2023. The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported...

March 2, 2024 No Responses

Reps Invites NNPCL, NPA, NIMASA, FAAN, Others Over Concessions

The House of Representatives has invited Chief Executive Officers of the Nigerian National Petroleum Company (NNPC) Ltd and the Nigerian Port Authority (NPA) to discuss the oversight of Public-Private Partnerships (PPPs) and concessions dating back to 1999.&nb...

March 1, 2024 No Responses

Seplat Energy Appoints Udo Udoma Chairman

Seplat Energy Plc has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire on March 31, 2024. City Business News reports that Mr. Udoma’s appointment was...

March 1, 2024 No Responses

Minister Inaugurates NCDMB Governing Council, Pledges To Increase Local Content Achievements

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigeria...

March 1, 2024 No Responses

NNPCL Advocates Collaborative War Room To Tackle Challenges Faced By Independent Producers

February 29, 2024 No Responses

Reps Probe Multichoice Over Alleged N1.8tri Unremitted Tax

The House of Representatives is set to probe the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV. The resolution followed the adoption of a motion by Rep. Saidu Abdullahi(APC-Niger) at plenary...

February 29, 2024 No Responses

NCC To Telecom Consumers: Link NIN-SIM To Ensure Security

As part of measures to ensure national security, the Nigeria Communications Commission (NCC) has urged Telecom Consumers to link their National Identification Number-Subscriber Identification Module (NIN-SIM). To this end, the Commission has directed all telec...