Tag: Federal

CBN Injects $197.71m To Boost Liquidity
April 6, 2025 No Responses

CBN Injects $197.71m To Boost Liquidity

The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market.  In a statement on Saturday, CBN’s Director of Financial Markets Department, Omolara Duke, said the apex bank has noted recent...
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Tinubu Appoints Sotinrin As Bank Of Agriculture MD
April 5, 2025 No Responses

Tinubu Appoints Sotinrin As Bank Of Agriculture MD

President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. A statement issued on Friday by the President’s spokesperson, Bayo Onanuga, explained that Sotinrin brings a diverse and extensiv...
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NNPCL Appoints New Senior Management Team
April 5, 2025 No Responses

NNPCL Appoints New Senior Management Team

The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man Senior Management Team. The recent announcement followed the appointment of the Group Chief Executive Officer (GCEO) and Board of Directors. Disclosing thi...
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Tinubu Reconstitutes NNPC Board, Appoints Ojulari Group CEO
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 ...
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Minister Harps On Public-Private Collaboration To Foster Sustainable Art Industry
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, ...
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Shippers’ Council: WACT Tariff Increment Within Industry Benchmark
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 ...
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Tinubu Extends Nandap’s Tenure As Immigration CG
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...
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Mali, Burkina Faso, Niger, Impose 0.5% Levy On Goods From Nigeria, Others
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...
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Nigeria, EU Discuss €1.3b Trade Investments In Nigeria
March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the...
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NDDC Empowers Rice Farmers
March 22, 2025 No Responses

NDDC Empowers Rice Farmers

The Niger Delta Development Commission, NDDC, has reaffirmed its commitment to agricultural empowerment by concluding the second batch of its Capacity Building Programme for Rice Farmers on Commercial Scale in Umuahia, Abia State.  Speaking during the clo...
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Reps To Probe Conditional Cash Transfer
March 20, 2025 No Responses

Reps To Probe Conditional Cash Transfer

The House of Representatives has resolved to investigate the conditional cash transfer programme of the Federal Government. Honourable Abass Adigun who moved the motion reminded the House that in order to ensure effective and efficient delivery of the programm...
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Oyetola Tasks Africa’s Maritime Stakeholders On Green Shipping
March 19, 2025 No Responses

Oyetola Tasks Africa’s Maritime Stakeholders On Green Shipping

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on Maritime stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping.  The Minister made the remark a...
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Apapa Customs Attains ₦18.9b Daily Collection
March 18, 2025 No Responses

Apapa Customs Attains ₦18.9b Daily Collection

The Apapa Port Command of Nigeria Customs Service (NCS), on Friday, March 14, 2024 attained daily revenue collection of ₦18.9billion, the highest in the history of the command.  City Business News reports that the new record breaks the existing highest....
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Customs Impounds 34,470 Litres Of Petrol
March 15, 2025 No Responses

Customs Impounds 34,470 Litres Of Petrol

The Nigeria Customs Service (NCS) has intensified its fight against fuel smuggling, leading to a major crackdown on smugglers of Premium Motor Spirit (PMS), commonly known as petrol, in Gembu and Kan-Iyaka border communities of Taraba State. Gembu, the headqua...
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