News Archives — City Business News

January 17, 2025 No Responses

Tinubu Lauds Govs For Supporting Tax Reform Initiatives

President Bola Tinubu has expressed his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly.President Tinubu lauds the governors for their bold leadership and commitment to...

January 17, 2025 No Responses

Edo Governorship Tribunal Admits PDP, Ighodalo’s Documentary Evidence

The Edo Governorship Election Petition Tribunal on, Friday, January 17th, 2025 admitted in evidence all documentary evidence tendered by Edo PDP Governorship Candidate, Dr. Asue Ighodalo in support of his petition challenging INEC’s declaration of Senato...

January 17, 2025 No Responses

Govs Back Tax Reform Bills

The 36 state governors in Nigerian have thrown their weight behind the Federal Government’s tax reform bills. The governors are also proposing a new sharing formula for value-added tax (VAT). The decision followed a meeting of the Nigeria Governo...

January 17, 2025 No Responses

NIMASA Targets N537b Revenue In 2025

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to attain N560 billion revenue for the year 2025. Director General of NIMASA, Dr. Dayo Moboreola, announced this on Thursday during the agency’s budget defence before the Nati...

January 17, 2025 No Responses

Alleged N1.96bn Fraud: Court Slates Jan 31 For Ex- AGF’s Trial

Justice James Omotosho of the Federal High Court, Maitama, Abuja has fixed January 31, 2025 for the trial of the formerActing Accountant General of the Federation, AGF, Anamekwe Nnabuoku for alleged multiple financial fraud to the tune of N1.96billion.Nnabuo...

January 17, 2025 No Responses

Alleged N12.3b Fraud: EFCC To Arraign Otudeko, Ex-First Bank MD

The Economic and Financial Crimes Commission (EFCC) has filed a 13-count criminal charge against the Chairman, Honeywell Group, Chief Oba Otudeko and a former Managing Director of First Bank, Olabisi Onasanya for allegedly obtaining the sum of N12.3bn from Fir...

January 16, 2025 No Responses

Tinubu Congratulates Nigerian Scientists For Making Biden’s Honour List

President Bola Tinubu has congratulated six distinguished Diaspora Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States.This prestigious recognition, e...

January 16, 2025 No Responses

Eni Awards 30 Post Graduate Scholarship To Nigerian Graduates

Photo Caption: Vice Chairman and Managing Director of NAE, Fabrizio Bolondi and Deputy Managing Director, Dr. Richard Orianzi, presenting the award to some beneficiaries. Eni’s subsidiary, Nigerian Agip Exploration Limited (NAE), on behalf of NNPC Limited an...

January 16, 2025 No Responses

UAE President To Visit Nigeria

United Arab Emirates President, Sheikh Mohamed bin Zayed Al Nahyan has accepted Nigerian President Bola Ahmed Tinubu’s invitation to visit Nigeria this year.The Nigerian leader invited him Wednesday night during their bilateral talks on the sidelines of ...

January 16, 2025 No Responses

NPA: NASS Raises 2025 Revenue Target To ₦1.7tri

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday disclosed that the agency generated N753 billion in 2024. The NPA boss who stated this during a presentation on NPA’s 2024 revenue performance and 2025 projections to ...

January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account. The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...

January 16, 2025 No Responses

NASS Raises FIRS 2025 Revenue Target To ₦25tri

The National Assembly has raised the revenue target for the Federal Inland Revenue Service (FIRS) following revelations by Executive Chairman, Zacch Adedeji, that it had surpassed its 2024 revenue collection target, exceeding the ₦19.4 trillion target s...

January 16, 2025 No Responses

LAGOS KICKS OFF 2025 VOLUNTARY BLOOD DONATION

The Lagos State Blood Transfusion Service (LSBTS) has flagged off the Year 2025 Voluntary Blood Donation Awareness Month with an appeal to residents to embrace voluntary blood donation as a lifesaving act. Themed: “Blood, A Precious Gift: Give to Save...

January 15, 2025 No Responses

POWA President Pledges Improved Welfare For Police Widows, Orphans

The President of the Police Officers’ Wives Association (POWA), Dr. (Mrs.) Elizabeth Egbetokun, has reiterated the commitment of her leadership to improving the welfare of police widows and orphans in 2025.She made the pledge on Wednesday, 15th January 2025,...