Latest News Archives — City Business News

June 28, 2022 No Responses

Railway Fencing: Contractors Protest Over Non-Payment Of N500m Debt

The Abuja-Kaduna Railway Fencing Sub-Contractors Association on Monday, in Abuja protested over the non-payment of N500 million debt owed them by Deux Projects Limited since 2018.The association’s spokesman, Mr Onyeka Enechuku, said the angry contractors were subcontractors to the major...

June 28, 2022 No Responses

Ekweremadu, Wife Sue NIMC, NIS, UBA, Stanbic-IBTC Bank

Former Deputy Senate President, Ike Ekweremadu, and his wife, Beatrice, have sued the National Identity Management Commission (NIMC) and others over the controversy surrounding David Ukpo’s real age. Others mentioned in the suit are the Comptroller Ge...

May 27, 2022 No Responses

Sack Emefiele Now, Falana Tells Buhari

Senior Advocate of Nigeria (SAN) and rights activist, Mr Femi Falana, has advised President Muhammadu Buhari to sack the Central Bank of Nigeria (CBN) Governor, Dr Godwin Emefiele. Addressing the Southwest youths and women conference at Ado-Ekiti on Thur...

April 11, 2022 No Responses

VW Rejects Shareholder Push For Climate Lobbying Disclosures

Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have already promised to do, one of the investors said.A filing by ...

April 7, 2022 No Responses

Photo News

L-R: Manager, Maritime Centre of Excellence (MCOE) and Training, NLNG Ship Management Limited NSML, Dr. Effiong Attah; representative of NIMASA, Dr. Tony Okhai; Managing Director, NSML, Abdulkabir Ahmed; President, Shipping Correspondents Association of Nigeri...

March 24, 2022 No Responses

Obaseki Sacks 513 Workers, Paralympics Of Edo Sports Council

No fewer than 513 workers of the Edo State Sports Council have been relieved of their jobs by Gov. Godwin Obaseki with effect from March 21, 2022. The News Agency of Nigeria (NAN) reports that the approval to this effect...

March 20, 2022 No Responses

REDTV Supports Young Movie Makers

REDTV, United Bank for Africa’s Lifestyle and Entertainment channel, continues to lend its support to the creative industry and empower young film producers in Africa. A statement sent to City Business News on Saturday explained that REDTV has...

February 15, 2022 No Responses

Gombe IRS Seals Access Bank Over Alleged N118m Tax Default

The Gombe State Internal Revenue Service Board has sealed two branches of Access Bank in the state capital over alleged N118 million unpaid taxes between 2008 – 2019. Speaking to Journalists on Monday in Gombe, the Chairman of the Board,...

February 4, 2022 No Responses

Railway: Firms Drag Minister To Court Over Alleged Unlawful Award Of Contract

Three construction companies have dragged the Minister of Transportation and the Attorney-General of the Federation (AGF) to a Federal High Court in Abuja over alleged unlawful award of 190-km rail line construction to a Chinese Firm without due process. ...

February 3, 2022 No Responses

FEC Approves $183.7m For Railway Consultants

The Federal Executive Council (FEC) has approved $183.7 million for consultancy services for supervision of three railway projects in Nigeria. Addressing Journalists on the outcome of the Federal Executive Council (FEC) meeting on Wednesday, the Minister...

January 18, 2022 No Responses

Edo Explores Water Transport Potentials

Edo State Government has pledged to harness economic potentials in its water transportation ecosystem as part of measures to boost economic growth and development. Chairman of the Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC),...

January 17, 2022 No Responses

Supreme Court Reverses N2.4b Ruling Against GTBank

The Supreme Court has reversed its earlier decision which dismissed an appeal filed by Guaranty Trust Bank against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A judgment...

January 11, 2022 No Responses

Nigeria, Greece Sign MoU On Economy, Security

The Federal Government has signed a Memorandum of Understanding (MoU) with the Hellenic Republic of Greece to strengthen bilateral ties, Nigeria’s economy diversification, and security, among others. Nigeria’s Minister of Foreign Affairs, Geoffrey On...

December 31, 2021 No Responses

Oil Heads For Biggest Yearly Gains In 12 Years

Prices of oil fell one per cent on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record...