Information – Page 133 – City Business News

June 3, 2024 No Responses

Why Multinationals Are Leaving Nigeria, By Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government is working on the economic and investment climate to attract more multinationals into Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, said multinational...

June 3, 2024 No Responses

Minister: Integrating NIMASA C4I, Naval Falcon Eye, Top Priority

Minister of State, Defence Hon. Bello Matawalle has declared Federal Government’s commitment to integrating the operations of the Command Control Computer Communication Information System of the Nigerian Maritime Administration and Safety Agen...

June 2, 2024 No Responses

FG T0 Labour: Return To Negotiating Table

The Federal Government has appealed to organised labour to shelve its planned strike and return to the negotiating table. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had on Friday declared an indefinite strike beginning from Monday...

June 2, 2024 No Responses

FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024...

June 1, 2024 No Responses

Oil Exploration To Begin In Ogun

The Nigerian National Petroleum Corporation Limited (NNPCL) is to begin oil and gas exploration in Ogun State. Under the arrangement, the State Government has received a delegation from the Federal Government in Abeokuta, the state capital. On...

June 1, 2024 No Responses

Labour Declares Strike Over Minimum Wage, Electricity Tariff Hike

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have declared a nationwide strike beginning from Monday, June 3rd, 2024 over the tripartite committee’s inability to agree on a new minimum wage and hike in electricity tariff. The Presid...

May 31, 2024 No Responses

Dana Air CEO Meets Aviation Minister, Hints On Fresh Investment, New Fleet of Aircraft

Dana Air has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.The CEO of Dana Air, Jacky Hathiramani disclosed this in Abuja during a crucial meeting with the Honorable Minister of Aviation and...

May 31, 2024 No Responses

Carloha To Unveil Chery At Lagos Motor Fair

All is now set for Carloha Nigeria to unveil Chery latest models on June 5, 2024 at the prestigious Bi-moral Hall, Federal Palace Hotel, Lagos State.promises to be a milestone in the automotive industry in Nigeria.Chery is renowned for its...

May 31, 2024 No Responses

AEDC To Disconnect All Debtors

The Abuja Electricity Distribution Company (AEDC) is notifying all customers with outstanding bills to settle their accounts immediately to avoid service disruption.To this end, customers who are yet to settle their outstanding bills within the next 72 hours, ...

May 31, 2024 No Responses

Tinubu To Unveil NASENI Kia Portland Facility For Hybrid, CNG Vehicles

On Friday, May 31, 2024, President Bola Ahmed Tinubu is to commission the National Agency for Science and Engineering Infrastructure (NASENI) Kia Portland facility for Kia Hybrid and Compressed Natural Gas (CNG)Vehicles in Utako, Abuja.This facility is set to ...

May 31, 2024 No Responses

Hyundai Orders Six LNG Car Carriers

South Korean logistics company, Hyundai Glovis, part of the Hyundai Motor Group, has ordered six 10,800 CEU LNG dual-fuel pure car and truck carriers (PCTCs) in China. The shipbuilding contract was signed with Guangzhou Shipyard International (GSI), part of Ch...

May 31, 2024 No Responses

Committee Seeks Exception Of Manufacturers, Farmers From Withholding Tax

As part of measures to reduce tax burden on businesses, the Presidential Committee on Fiscal Policy and Tax Reforms has proposed an exemption of manufacturers and farmers from paying withholding tax. Chairman of the Committee, Taiwo Oyedele di...

May 31, 2024 No Responses

Reps Query NIPC Over N3.15b Expenditure

The House of Representatives has queried the Nigerian Investment Promotion Commission (NIPC) for recording an expenditure of N3.15 billion, despite submitting a revenue of N2.89 billion in the first quarter of 2024. The law makers issued the query on Thursday....

May 31, 2024 No Responses

Trump Convicted In Hush Money Trial

A New York jury convicted Donald Trump on all charges in his hush-money case Thursday in a seismic development barely five months ahead of the election where he seeks to recapture the White House. The first criminal trial of a...