Information Archives — City Business News

March 3, 2025 No Responses

NLC Threatens Nationwide Protests Over Electricity Tariff

NLC Threatens Nationwide Protests Over Electricity Tariff The Nigeria Labour Congress (NLC) has rejected plans by the Federal Government to regularise electricity tariffs for customers for Bands A, B and C. In a communique released on Sunday after the National...

March 3, 2025 No Responses

Businessman Excretes 120 Wraps Of Cocaine

The National Drug Law Enforcement Agency (NDLEA) has arrested a 42-year-old Turkey-bound Angolan businessman Mbala Dajou Abuba at the Mallam Aminu Kano International Airport, Kano for attempting to traffic a large consignment of cocaine, which he ingested. In ...

March 3, 2025 No Responses

SEC Nigeria To Boost Women’s Capital Market Literacy

As part of its its commitment to develop the capital market and increase participation among Nigerians, the Securities and Exchange Commission (SEC) has concluded plans to train selected women in capital market literacy through its training arm, the Nigerian C...

March 2, 2025 No Responses

Ramadan: Reps Warns Against Price Hikes

The Chairman, House of Representatives Committee on Interior, Abdullahi Aliyu has urged grocery traders to refrain from exploiting people by charging exorbitant prices for food items during the Holy month. Aliyu, who made the appeal in his Ramadan message to.....

March 2, 2025 No Responses

Osinbajo, Gbajabiamila Laud Design Week Lagos, Ecobank, Others

Former Vice President of Nigeria, Prof. Yemi Osinbajo, and Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, have commended the organizers of the ongoing Design and Innovation Exhibition at the Ecobank Pan African Centre (EPAC) in Lagos, noting...

March 1, 2025 No Responses

NGX Group Reports N13.6b Profit, Board Okays N4.4b Dividend For 2024

Nigerian Exchange Group Plc has announced its audited financial results for the year ended 31 December 2024, delivering profit before tax (PBT) of N13.6 billion, indicating 157.3% year-on year growth. According to the Group, the performance was driven by robus...

March 1, 2025 No Responses

NLNG Commits To Cutting Carbon Emission In Readiness For Net-Zero Future

As Africa seeks to harness its vast energy potential to drive economic growth and industrial evolution, NLNG has reiterated that it is focused on reducing carbon emissions to meet evolving market expectations. Delivering the keynote address during a panel sess...

February 28, 2025 No Responses

FG, States, LGs Share ₦1.7tri

Not less than ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils. A statement issued on Thursday by the Director of Press and Public Relations, Office...

February 28, 2025 No Responses

At NIES 2025, NLNG Harps On Energy Security, Infrastructure

NLNG has called for energy security to be made national priority and emphasised the need for proactive measures to protect energy infrastructure and drive sustainable growth. Speaking at a panel session titled “Driving Cross-Continental Investments: Scaling ...

February 28, 2025 No Responses

FG To MultiChoice: Suspend Fee Hike

The Government through the Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the c...

February 27, 2025 No Responses

Lagos Clampdown On Illegal Dredgers

The Lagos State Government, through the Ministry of Waterfront Infrastructure Development, has launched a massive clampdown on illegal dredgers operating in the State, ordering them to stop work immediately. According to the state government, the&n...

February 27, 2025 No Responses

Dangote Refinery Reduces Petrol Price To ₦860 Per Litre

Again, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. In a statement on Wednesday, Dangote Petroleum Refinery explained that&...

February 27, 2025 No Responses

Vatican: Pope Francis Showing ‘Slight Improvement’

Pope Francis showed further improvement on Wednesday, the Vatican said, although it cautioned that “the prognosis remains reserved” for the 88-year-old fighting pneumonia. “The clinical conditions of the Holy Father in the last 24 hours have shown a furt...

February 26, 2025 No Responses

N30tri Ways And Means: Senate Accuses CBN Of Obstructing Probe

The Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of frustrating its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ programme under former President Muhammadu Buhari’s ...