Economy – Page 113 – City Business News

July 17, 2024 No Responses

FG, States, LGs Share N1.354tri

THE Federation Accounts Allocation Committee (FAAC) has shared N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs).The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of...

July 17, 2024 No Responses

Access Bank Raises N442b Capital Through Syndicated Tier II Facility

Access Bank Plc has announced its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (the equivalent of about N442,500,000,000), underscori...

July 16, 2024 No Responses

NDDC Boss Harps On Effective, Professional Workforce

Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the importance of an effective and professional workforce duly equipped with skills and well-motivated by sustainable wages to drive the Commission’s efforts to...

July 16, 2024 No Responses

FG Tasks New NEITI Board On Resource Mobilisation

The Federal Government has challenged the newly reconstituted Board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to strengthen the agency’s drive towards domestic resource mobilization. Secretary to the Government of the Federat...

July 15, 2024 No Responses

NNPC Stake In Dangote Refinery Now 7.2 Per Cent

The Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone, President of Dangote...

July 15, 2024 No Responses

NDLEA Impound Cocaine, Tramadol Hidden In Shoes, Custard Containers

The National Drug Law Enforcement Agency (NDLEA) has uncovered parcels of cocaine hidden in the soles of shoes bound for Europe. Disclosing this in a statement on Sunday, Femi Babafemi, shared videos of the seized contraband on X on Sunday,...

July 14, 2024 No Responses

Tinubu Appoints New Heads Of Federal Govt Agencies

President Bola Tinubu has approved the appointment of new Chief Executive Officers for more Federal Government Agencies, including the National Lottery Trust Fund (NLTF), National Directorate of Employment (NDE), Nigeria Hydrological Services Agency (NIHSA), N...

July 14, 2024 No Responses

Niger Delta Stakeholders Seek Active NDDC Advisory Committee

Niger Delta Stakeholders have stressed the urgent need to re-activate the Niger Delta Development Commission, NDDC, Advisory Committee, as provided for in its Establishment Act, to advise and monitor the activities of the Commission. This was part of the ...

July 14, 2024 No Responses

Photo News

R-L: Executive Director Operations, Nigerian Maritime Administration and Safety Agency, NIMASA, Engr. Fatai Adeyemi; Chairman, House of Representatives Committee on Safety Standards and Regulations Hon. Abubakar Sulaiman and Executive Director, Finance and A...

July 13, 2024 No Responses

NIMC, Reps Hold Retreat On Identity Management

The National Identity Management Commission (NIMC) and the members of the House of Representatives Committee on National Population, recently held a retreat themed Identity Management and Legislative Oversight to seek areas of collaboration towards the achieve...

July 13, 2024 No Responses

SMEDAN Partners NIPOST On Lower Logistics Costs For SMEs

To bring down cost of logistics for Small and Medium Enterprises (SMEs), the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is partnering with the Nigeria Postal Service (NIPOST). The Director General of SMEDAN, Mr. Charle...

July 13, 2024 No Responses

CBN Sells $122.67m To 46 Dealers

As part of measures to promote stability and reduce market volatility in the foreign exchange market, the Central Bank of Nigeria (CBN) has sold $122.67m to 46 authorised dealers A statement signed by the Bank’s Director in charge of Financial...

July 13, 2024 No Responses

Photo News

The President of the Chartered Institute of Transportation Administration of Nigeria (CIoTA), Mr. Segun Obayendo; the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola; the Executive Director of Operations,...

July 12, 2024 No Responses

Tinubu Appoints Dantsoho NPA MD

President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority (NPA). The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian...