News Archives — Page 41 of 726

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 Fidet Okhiria, who retired...

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...

January 21, 2025 No Responses

NCC Okays 50% Tariff Hike For Telcos

The Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. NCC Director, Public Affairs, Reuben Muoka in a statement explained that the price adjustment though lower than the “over 100% reques...

January 21, 2025 No Responses

Trump Signs Orders To Pardon Rioters, Exit Paris Pact

Donald Trump was sworn in for a historic second term as president on Monday, pledging a blitz of immediate orders on immigration and the US culture wars as he caps his extraordinary comeback. Already, Trump has signed a record number...

January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...

January 20, 2025 No Responses

Alleged 76b, $31.5m Fraud: EFCC Arraigns Ex- AMCON MD, Arik Air MD, Union Bank, Others

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025, arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver...

January 20, 2025 No Responses

NDDC Reconstructs Irrua-Ewu-Agbede Road In Edo

The emergency reconstruction of the Irrua-Ewu-Agbede Road in Uhunwonde/Esan West Local Government Area of Edo State, being undertaken by the Niger Delta Development Commission (NDDC)is nearing completion.A statement sent to City Business News on Monday explain...

January 20, 2025 No Responses

MRS, Ardova, Heyden To Sell Dangote Petrol At ₦970/Litre

The management of Dangote Petroleum Refinery, on Sunday explained that the recent adjustment in ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. The company in a statement i...

January 20, 2025 No Responses

SEC Sets January 31 Deadline For Registration Renewals

The Securities and Exchange Commission (SEC) has reminded Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.The Commission said this in a circular issued recently to ask the operators to begin this...