Information – Page 27 – City Business News

August 7, 2025 No Responses

Egbin Power, Ikeja Electric, FIPL Not In Receivership, Says Management

The management of Egbin Power Plc, Ikeja Electric Plc (IE), and First Independent Power Limited (FIPL), on Wednesday denied media reports claiming the companies have been placed under receivership. In a statement issued on Wednesday, the companies described the claims,...

August 7, 2025 No Responses

EFCC Arraigns Katsina Revenue Officials, First Bank Staff For Alleged N1.2b Fraud

The Kano Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, August 5, 2025 arraigned five officials of the Katsina State Board of Internal Revenue and one bank staff before Justice Musa Danladi of the Katsina State High...

August 6, 2025 No Responses

Tinubu Signs Insurance Reform Bill Into Law

President Bola Tinubu has assented to the Nigerian Insurance Industry Reform Bill 2025. Presidential spokesman, Bayo Onanuga, explained on Tuesday that the Act repealed and consolidated several outdated insurance laws into a single, modern legal framework. &nb...

August 6, 2025 No Responses

NADDC, BENUE TO SYNERGIZE ON YOUTH EMPOWERMENT.

The Honourable Member representing Otukpo/Ohimini Federal Constituency, Hon. David Ogada Ogewu, has called for strong collaboration between the National Automotive Design and Development Council (NADDC) and Benue State towards youth empowerment through technic...

August 6, 2025 No Responses

Photo News

The Managing Director, Nigerian Ports Authority, Dr. Abubakar Dantsoho (4th Right); Tanzania High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele (3rd Right); the Managing Director Tanzania Shipping Company Limited, Mr. Eric Benedict Hamissi (2...

August 6, 2025 No Responses

Indiscriminate Parking: Lagos Clampdown On More Vehicles

The Lagos State Parking Authority (LASPA) has extended ongoing indiscriminate parking enforcement to Ikeja axis of the state. According to the LASPA, the enforcement of illegal parking on the roads covered the following locations: Computer Village, ...

August 6, 2025 No Responses

Nigeria Reiterates Support For Oil Palm, Cocoa Production

The Federal Government has vowed to revitalise the commercial production of oil palm and cocoa in Nigeria. Vice President Kashim Shettima stated this when he declared open the seventh edition of the expanded national clinic of the Micro, Small and...

August 5, 2025 No Responses

Capital Market Investors Gain N1.78 trillion

The Nigerian stock market began the week on a bullish note on Monday, as investors gained N1.78 trillion in a single-day rally.The positive trend followed sustained buying interest in Lasaco Assurance, Royal Exchange, UPDC, UAC of Nigeria, and 43 other...

August 5, 2025 No Responses

WAFCON Victory: Carloha Hosts Super Falcons, NFF President

As part of it’s commitment to sports development in Nigeria, Carloha Nigeria, the exclusive distributor and assembler of Chery vehicles in Nigeria, hosted the victorious Super Falcons at its state-of-the-art showroom in Alapere, Lagos.The celebratory eve...

August 5, 2025 No Responses

2025 Literature Prize: CORA, NLNG Host 11 Authors

Nigeria’s literary scene came alive over the weekend, as the Committee for Relevant Art (CORA), in conjunction with The Nigeria Prize for Literature, hosted a book party to honour the 11 authors longlisted for the 2025 edition of the literature...

August 5, 2025 No Responses

Communique Of 2025 Nigeria Auto Industry Summit

COMMUNIQUE PRESENTED AT THE END OF THE NIGERIA AUTO INDUSTRY SUMMIT HELD ON THURSDAY, 31ST JULY 2025 AT THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI) CONFERENCE CENTRE, ALAUSA, IKEJA BACKGROUNDThe second edition of the Nigeria Auto Industry Summit (NAISU),...

August 4, 2025 No Responses

SEC DG: West Africa Emerging As Global Hotspot For Virtual Asset Adoption

The Director-General of the Securities and Exchange Commission (SEC Nigeria), Dr. Emomotimi Agama, has said that West Africa, with its vibrant and youthful population, has become a global hotspot for virtual asset adoption.Speaking at the West Africa Complianc...

August 4, 2025 No Responses

NDLEA Intercepts Cocaine In Lagos, Abuja

The National Drug Law Enforcement Agency (NDLEA) has intercepted consignments of cocaine and tramadol hidden in vehicle side mirrors, lipsticks, and footwears in a string of operations that led to multiple arrests across Lagos, Abuja, and several states.Spokes...

August 3, 2025 No Responses

Okpebholo Vows To Fix Failed Roads In Edo Central

Edo State Governor, Senator Monday Okpebholo said his administration will fix the failed roads in Edo Central, which he inherited from the previous administration of Godwin Obaseki.The Governor who inspected several failed portions of roads across Edo Central ...