Nigeria Archives — City Business News

April 2, 2025 No Responses

Tinubu Reconstitutes NNPC Board, Appoints Ojulari Group CEO

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari. City Business News reports that the President...

April 2, 2025 No Responses

ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine

Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. This is one...

April 1, 2025 No Responses

Minister Harps On Public-Private Collaboration To Foster Sustainable Art Industry

Hannatu Musa Musawa, the Minister of Art, Culture, and Creative Economy, has called for stronger collaboration between the private and public sectors to ensure the sustainability of Nigeria’s art industry. The Minister also lauded Ecobank Nigeria, ...

April 1, 2025 No Responses

Shippers’ Council: WACT Tariff Increment Within Industry Benchmark

The Nigerian Shippers’ Council (NSC) on Monday, defended the proposed tariff increment by the West Africa Container Terminal (WACT), a subsidiary of APM Terminal. The Onne Port- based terminal operator had given its customers a notice to increase ...

April 1, 2025 No Responses

Tinubu Extends Nandap’s Tenure As Immigration CG

President Bola Tinubu has approved an extension of Mrs. Kemi Nanna Nandap’s tenure as the Comptroller-General of the Nigeria Immigration Service (NIS) through December 31, 2026. A statement issued on Monday by the Special Adviser to the President on In...

April 1, 2025 No Responses

Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving...

March 31, 2025 No Responses

Oluremi Tinubu Celebrates Mothers

The First Lady, Mrs Oluremi Tinubu, on Sunday celebrated mothers, describing them as unsung heroes. In a statement to mark this year’s Mother’s Day, Mrs Tinubu harped on the sacrifices made by mothers for their respective families. According to the...

March 31, 2025 No Responses

PDP Tackles Okpebholo Over Security Challenges In Edo

Edo State chapter of the Peoples Democratic Party (PDP) has blamed Governor Monday Okpebholo for the ‘security situation” in the state, which the party linked to the recent killing of travelers in Uromi. In a statement signed by the Edo...

March 30, 2025 No Responses

Anxiety Over Meningitis Outbreak In Nigeria

Since early March, meningitis has been spreading rapidly throughout several states across Northwest Nigeria, mainly in Kebbi and Sokoto States, an international non-governmental organisation, Médecins Sans Frontières, also known as Doctors Without Borders, h...

March 30, 2025 No Responses

Fubara Reacts To Nwaeke’s Allegations

Governor Siminalayi Fubara of Rivers State on Saturday denied allegations levelled against him by a former Head of Service (HoS) of the state, George Nwaeke and is asking Nigerians to disregard them. Nwaeke had allege that Fubara was conniving...

March 30, 2025 No Responses

Sultan Declares Sunday Eid-el-Fitr

The Sultan of Sokoto, His Eminence Muhammad Sa’ad Abubakar, has declared Sunday, 30th of March 2025, as equivalent to 1 Day of SHAWWAL 1446AH and Eid-Fitri day across Nigeria. The Sultan, who is the President-General of the Nigeria Supreme Council...

March 29, 2025 No Responses

GTCO Declares N1.2tri For 2024

For the 2024 financial year, GTCO Plc declared N1.266 trillion, profit before tax, up from N609.3 billion a year earlier. The Group, in its audited financial statement released on the Nigerian Exchange Limited on Friday, also disclosed a profit after...

March 29, 2025 No Responses

Investdata 2025 Q2 Master Class To Focus On Post-Earnings Season Strategies

The Investdata Master Class for the 2025 Q2 holds Saturday, March 29, 2025 with the theme “Post-Earnings Season Strategies For Winning Edge In Q2 Market Oscillation.” As usual, time-tested equity traders and analysts with decades of experience in technical...

March 29, 2025 No Responses

MRS Oil Exits NGX

MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and subsequent admission to the NASD OTC Securities Exchange.In a corporate disclosure on Friday through the Nigerian Exchange, the co...