Federal Archives — City Business News

July 27, 2024 No Responses

Reps Pass Shipping, Port Economic Regulatory Agency Bill

The House of Representatives has passed the Nigerian Shipping and Port Economic Regulatory Agency Bill. The Executive Secretary, Nigerian Shippers Council (NSC) Pius Akutah disclosed te development on Friday.Declaring the 2024 Operational Retreat or...

July 27, 2024 No Responses

National Assembly Moves To Strengthen NIMC Act

The National Assembly, as part of the moves to strengthen the regulatory function of the National Identity Management Commission, has embarked on repealing and enacting the NIMC Act No. 23. The NIMC Bill represents a significant legislative endeavour to ...

July 26, 2024 No Responses

Shettima, Sanwo-Olu, Others Harp On Collaboration For Effective Development

The Vice President of Nigeria, Senator Kasim Shettima and Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu have emphasised the importance of partnership, innovative thinking, and effective policies for shaping a new blueprint for sustainable development an...

July 25, 2024 No Responses

Nigeria Customs Partners US Customs & Border Protection To Combat Illicit Trade

The Nigeria Customs Service is collaborating with the United States Customs and Border Protection Agency (CBP) on using Artificial Intelligence (AI) to curb the flow of illicit drugs and arms into the West African nation.In an exclusive interview with the...

July 24, 2024 No Responses

NCDMB, UBEC Explore Capacity Building Opportunities, Support For Basic Education

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs o...

July 24, 2024 No Responses

Again, CBN Raises Interest Rate

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee...

July 23, 2024 No Responses

Agwu, Agomoh, Retires As FRSC Promotes Eight Deputy Corps Marshalls

The Secretary to the Government of the Federation, Senator George Akume has approved the appointment of eight Assistant Corps Marshals (ACM), to the rank of Deputy Corps Marshal (DCM).Meanwhile, three of the DCMs are to proceed on immediate retirement, the...

July 23, 2024 No Responses

Minister, NMDPRA, NUPRC, NNPC Team Meet With Dangote

The Minister of State Petroleum Resources [Oil], Heineken Lokpobiri and other stakeholders have held a meeting with the President and CEO of Dangote Group, Aliko Dangote over issues surrounding the Dangote Refinery. Dangote and Nigeria’s regulator...

July 23, 2024 No Responses

FRSC Promotes Eight Deputy Corps Marshalls, Agwu, Agomoh, Retires

The Secretary to the Government of the Federation, Senator George Akume has approved the appointment of eight Assistant Corps Marshals (ACM), to the rank of Deputy Corps Marshal (DCM).Meanwhile, three of the DCMs are to proceed on immediate retirement, t...

July 22, 2024 No Responses

New NPA MD Pledges Improved Revenue

The Newly appointed Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho has pledged to boost the Organisation’s revenue generation and Port efficiency.The Managing Director made the remarks during the handover cere...

July 19, 2024 No Responses

CBN Approves $20,000 For Each BDC Operator

The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at 1,450 naira to a dollar. The apex bank said the sum of $20,000 is to be sold to...

July 19, 2024 No Responses

Minimum Wage: Why Labour Accepted ₦70,000, By NLC, TUC

The Organised Labour agreed to ₦70,000 as the new minimum wage for Nigerian workers because the wage reviews in the country will no longer be every five years but once in three years, the President of the Nigeria Labour Congress...

July 18, 2024 No Responses

NLNG Reacts To Reports On Tax Appeal Tribunal’s Ruling

The Nigeria Liquefied Natural Gas (NLNG) has refuted reports alleging that Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016.Reacting to the reports,...