News Archives — City Business News

January 23, 2025 No Responses

Police Kill Kidnappers, Rescues Odumosu’s Wife

Police operatives attached to the Ogun State Command have successfully neutralized the kidnappers of Mrs. Odumosu, wife of Retired Assistant-Inspector General, AIG Hakeem Odumosu, and rescued her unharmed.On January 16, 2025, at approximately 9:45 PM, four masked gunmen forcibly abducted...

January 23, 2025 No Responses

Nigeria Police Graduates 10,000 Recruit Constables

The Nigeria Police Force has announced the graduation of 10,000 recruit constables from various training institutions across the country.According to the Police, this “milestone event is a testament to the ongoing commitment of the Force to enhance its p...

January 23, 2025 No Responses

Bankit MFB Unfolds 2025 Expansion Agenda

January 23, 2025 No Responses

Alleged N33.8b Fraud: How I Received More Than N22b From Federal Ministry Of Power, By BDC Operator

The trial of former Minister of Power, Saleh Mamman continued on Wednesday, January 22, 2025 at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission, EFCC presenting its 8th witness, PW8....

January 23, 2025 No Responses

Seplat Energy To strengthen Partnership With Akwa Ibom State

Seplat Energy Plc is to partner Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, Pastor Umo Eno, by a Seplat delegation led by the Board Chairman, Senator Udo Udoma, in...

January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...

January 22, 2025 No Responses

GOC Commends Troops For Contributions To Increased Oil Production

The General Officer Commanding (GOC) of 6 Division, Nigerian Army (NA), Major General Jamal Abdussalam, has praised the efforts of his troops for significantly boosting oil production in the Niger Delta Region (NDR) over the past year.VIn his farewell address....

January 22, 2025 No Responses

Tinubu Appoints Opeifa Nigerian Railway’s Managing Director

President Bola Ahmed Tinubu has appointed Dr. Kayode Opeifa the Managing Director, Nigerian Railway Corporation (NRC).Opeifa, a former Commissioner for Transportation in Lagos State, is a foremost transport expert.An indigene of Lagos State, Opeifa succeeds Mr...

January 22, 2025 No Responses

NSC Distributes Relief Materials To Schools, Orphanages

As part of it’s Corporate Social Responsibility (CSR), the Nigerian Shippers’ Council (NSC) has distributed learning and relief materials to schools and orphanages in Zaria, Kaduna State.According to the North West Director of the council, Mrs Karimatu...

January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue. Presented at the Facts Behind the Rights Issue event, t...

January 22, 2025 No Responses

Portugal To Import More U.S., Nigerian LNG

PORTUGAL plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia. Environment Minister Maria da Graca Carvalho said on Tuesday that Portugal imported 49,141 gigawatt...

January 21, 2025 No Responses

Court Orders Final Forfeiture of Property In Lagos

Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, on Tuesday, January 21, 2025, ordered the final forfeiture of a property, a u-shaped two-storey building in Lagos,to the federal Government of Nigeria.The property is situated in the premises...

January 21, 2025 No Responses

COAS Lauds 402 Special Forces, Seeks Sustained Efforts Against Insurgency

The Chief of Army Staff (COAS), Lieutenant General Olufemi Oluyede, has applauded the remarkable efforts of the 402 Special Forces (SF) Brigade in safeguarding the Kaduna-Abuja road and rail corridor.The commendation came during his operational visit to the Br...

January 21, 2025 No Responses

NLNG Seeks Increased Partnership With NPA

As part of measures to provide the operational collaboration necessary to grow exports, Managing Director/CEO, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Monday received the Chief Executive Officer, Nigeria LNG, Dr. Phillip Mshelbila at NPA Head...