Federal – Page 102 – City Business News

November 27, 2017 No Responses

NNPC to select core investor for Benue bio-fuel project

The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing Director of the corporation, Dr Maikanti Baru, said this in a...

November 24, 2017 No Responses

FG uncovers 500 tax fraudsters

The Federal Government has obtained the names of 500 Nigerians implicated in various cases of tax fraud across the country. Mr Laolu Akande, the Senior Special Assistant on Media and Publicity to the President (Office of the Vice President) disclosed...

November 22, 2017 No Responses

NPA to deploy six security boats, fine-tunes welfare package for workers

By Moses Ebosele, ebosele@hotmail.com – The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman on Tuesdaycontinued her interactive session with stakeholders of Rivers Ports Complex. Addressing stakeholders comprising of...

November 21, 2017 No Responses

Buhari mourns Alex Ekwueme, condoles with Nigerians

President Muhammadu Buhari has condoled with Nigerians, and the Government and people of Anambra, on the passing away of elder statesman and former Vice President, Dr Alex Ekwueme, who died on November 19. President Buhari, in a statement issued by...

November 20, 2017 No Responses

FRSC Lekki remembers Road Traffic Victims

The Lekki unit command of the Federal Road Safety Corps (FRSC) has held different programmes to mark the yearly World Day Remembrance of Road Traffic Crash victims. According to a statement by the Unit Commander, Azubike Onyemeh, series of activities...

November 19, 2017 No Responses

‘Treat money laundering, financial crimes with zero tolerance’

Treat money laundering, financial crimes with zero tolerance to maintain and sustain economic, financial and political stability, the Vice President Yemi Osinbajo, has said. Prof. Osinbajo stated this at the opening ceremony of the Inter-Governmental Acti...

November 17, 2017 No Responses

Gwarzo at CIS conference, implores capital market operators on new business environment

The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has challenged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing the...

November 16, 2017 No Responses

FG revokes residence permit of expatriate staff of six firms

The Federal Government, through the Nigeria Immigration Service (NIS), has revoked the residence permit of expatriate staff of six companies operating in the country. The Comptroller-General of the NIS, Mr Muhammad Babandede, announced this in Abuja on Wedn...

November 15, 2017 No Responses

Labour seeks panel on new national minimum wage

By citybusinessnews@yahoo.com – The Association of Senior Civil Servant of Nigeria (ASCSN) has advised the Federal Government to constitute a panel to negotiate new national minimum wage. In an address delivered on Tuesday in Enugu b...

November 14, 2017 No Responses

Gwarzo, SEC boss decries drop in e-dividend registrations, insists on December deadline

By citybusinessnews@yahoo.com – The Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo on Monday in Lagos decried low investors enrollment to the e-dividend payment platform in the last three months. Speaking at the post Capi...

November 10, 2017 one Response

FG to approve three modular refineries in Edo

The Federal Government is processing applications received for the establishment of seven modular refineries in Edo State, Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said. Speaking in Benin City on Thursday ahead of Alaghodaro Investment Su...

November 8, 2017 No Responses

FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project

The Federal Government has set aside N35.4 billion to address the housing needs of its workforce under the National Housing Programme in 2018. President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session...

November 7, 2017 No Responses

Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking

Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country. Speaking with Journalists after a visit to the.....

November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...