Federal Archives — City Business News

April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria. The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to the Netherlands. Rutte commended...

April 25, 2024 No Responses

Nigeria Revokes Additional 924 Dormant Mineral Licences

The Federal Government has revoked an additional 924 dormant mineral licences with immediate effect. The revoked mineral licences which include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licenses, were disclosed...

April 23, 2024 No Responses

FG Unveils N200b Intervention Fund For MSMEs, Manufacturers

The Federal Government has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announce...

April 20, 2024 No Responses

Tinubu Appoints New Boards For SEC, NAICOM

President Bola Ahmed Tinubu has approved the appointment of new boards for the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). A statement issued on Friday by presidential spokesman Ajuri Ngelale, explained ...

April 20, 2024 No Responses

FG, States, LGAs Share N1.1tri March Revenue

The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by the Director of Press and...

April 19, 2024 No Responses

Customs FOU Zone “C” Records N7b Seizures As Compt Kayode Bows Out

Between January 25th, 2023 and April 19th, 2024, the Nigeria Customs Service, Federal Operations Unit, Zone “C” seized contrabands worth N7,577,259,390.00.Outgoing Comptroller Kayode Kolade disclosed this in a farewell message while handing over to his suc...

April 19, 2024 No Responses

NCDMB Lauds SNEPCO, Bayelsa Govt As Digital Library Is Inaugurated at Niger Delta University

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended Shell Nigeria Exploration and Production Company (SNEPCo) and the Bayelsa State Government for the completion and inauguration of a Lear...

April 18, 2024 No Responses

NPA, Customs Harp On Efficient Export Process

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, who was recently named by President Bola Ahmed Tinubu as a member of the Implementation Committee of the National Single Window Project, on Thursday met with the Comptroller General of...

April 18, 2024 No Responses

FG Warns Against Obstruction Of EFCC From Lawful Duty

The Minister of Justice and Attorney-General of the Federation, Lateef Fagbemi, SAN has warned against obstructing the Economic and Financial Crimes Commission (EFCC) from carrying out its lawful duty.Fagbemi gave the warning Thursday in a statement released i...

April 18, 2024 No Responses

NPA Secures $700m Citibank Loan

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Wednesday signed the Mandate Letter to secure a $700m Citibank loan to be funded by the UK Export Finance, UKEF. City Business News report that the loan is to...

April 18, 2024 No Responses

Shippers Council To Enforce Registration For Port Service Providers

The Nigeria Shippers Council is to enforce registration for port service providers and users who have failed to register on the council’s online portal by the third quarter of 2024.The Executive Secretary of the NSC, Barr. Pius Akutah disclosed this...

April 17, 2024 No Responses

FG Begins Disbursement Of N200b

The Federal Government has commenced disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across ...

April 17, 2024 No Responses

Kidnappers Of FRSC Personnel Demand Ransom

The Ebonyi State Command of Federal Road Safety Corps (FRSC), on Tuesday, confirmed the abduction of two of its personnel by gunmen along the Abakaliki-Enugu federal highway. Briefing Journalists, the Sector Commander of the FRSC in Ebonyi State, Henry Igwe,...

April 16, 2024 No Responses

Nigeria’s Inflation Rate Hits 33.20%

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at ...