Approval Archives — City Business News

April 6, 2023 No Responses

NPA Secures N1b Approval For 19 Vehicles

The Federal Executive Council (FEC) has approved N1billion contract for the procurement of 19 vehicles for the Nigerian Ports Authority (NPA). Senior Special Assistant to the President on Media and Publicity, Garba Shehu made the disclosure after the Council meeting...

April 4, 2023 No Responses

Auto Policy: Ministry To Seek FEC’s Approval

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo disclosed on Monday that the ministry will soon submit a new auto policy for the approval of the Federal Executive Council (FEC). The minister said this when the Senior Executive...

March 30, 2023 No Responses

FRCN Secures N383.9m Approval For 13 Vehicles

The Federal Executive Council (FEC) has approved N383.9million for the procurement of 13 operational vehicles for the Federal Radio Corporation of Nigeria (FRCN). Minister of State for Works and Housing, Umar El-Yakub, stated this at the end of the Council...

October 13, 2022 No Responses

FEC Approves Establishment Of Centre For Aircraft Maintenance

The Federal Executive Council (FEC), has approved the establishment of a Maintenance Repair and Overhaul (MRO) centre expected to generate 185 million dollars. This is contained in a statement issued by Ms Manji Yarling, Acting Head, Media and Publicity,...

August 3, 2022 No Responses

NIMASA Reviews NSDP Programme, Approves $2,000 for Each Cadet

The Nigerian Maritime Administration and Safety Agency, NIMASA, on Tuesday, disclosed that it is currently reviewing the cost of direct sponsorship of Nigerian cadets undergoing foreign training under the Nigerian Seafarers Development Programme (NSDP). Th...

July 28, 2022 No Responses

FG Approves Additional N16b To Complete Kano-Katsina Expressway

The Federal Executive Council (FEC) on Wednesday approved an augmentation of N16 billion for the completion of the dualisation of the Kano-Katsina Expressway. Minister of Information and Culture, Alhaji Lai Mohammed, made this known while briefing Journa...

March 17, 2022 No Responses

FEC Approves Bill To Repeal CCB, CCT Act

The Federal Executive Council(FEC) has approved a bill seeking the repeal of the Code of Conduct Bureau(CCB) and Code of Conduct Tribunal(CCT) Act. Abubakar Malami, Attorney-General of the Federation and Minister of Justice, briefed State House cor...

February 24, 2022 No Responses

Senate Approves Establishment Of Maritime Security Trust Fund

The Senate has passed a bill seeking to establish the Nigerian Maritime Security Trust Fund. The passage of the bill followed the adoption of the report of Senate Conference Committee on the Nigerian Maritime Security Trust Fund (Establishment) Bill, 202...

December 15, 2021 No Responses

Reps Approve FG’s $5.8b Loan Request

The House of Representatives has approved President Muhammadu Buhari’s loan request of 5.8 billion dollars.The approval followed the adoption of the report of the House Committee on Aids, Loans and Debt Management on Tuesday in Abuja.Presenting the report, R...

July 16, 2021 No Responses

Sokoto Secures Approval For N6.26b Loan From Zenith Bank, Others

The Sokoto State House of Assembly on Thursday approved the request of Governor Aminu Tambuwal to secure N6.26 billion loan from Zenith Bank, TAJ Bank and Sterling Bank PLC. The resolution followed a motion moved by Malami Basakkwace (PDP) and...

June 16, 2021 No Responses

NG Clearing Secures SEC Approval, Emerges Nigeria’s Premier Central Counterparty

By citybusinessnews@yahoo.com — Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty (CCP) wit...

June 13, 2021 No Responses

Buhari Approves N15trillion Infrastructure Firm

By citybusinessnews@yahoo.com — President Muhammadu Buhari has approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion. The president revealed thi...

March 26, 2021 No Responses

Shell Secures First LNG Bunkering Approval In Gibraltar

Global energy giant, Shell has completed its first LNG bunkering services at the Port of Gibraltar. The Port of Gibraltar, also known as Gibraltar Harbour, is a seaport in the British Overseas Territory of Gibraltar. The port was a ...