Federal – Page 102 – City Business News

October 6, 2017 No Responses

FG releases N100b to Arab Contractors, CCECC, Dantata and Sawoe, others

The proceeds of the N100 billion Sukuk bond has been released by the Federal Government to fund 25 key economic road projects of the Federal Ministry of Power, Works and Housing. Minister of Finance, Mrs. Kemi Adeosun, on Thursday in Abuja, handed...

October 4, 2017 No Responses

Crash Figures: Expert faults FRSC, tasks financial institutions, religious leaders

By citybusinessnews@yahoo.com – About 100 persons lose their lives as a result of road traffic crashes on Nigerian roads, which brings the total to over 36,000 deaths every year, prominent road safety advocate, Adenusi Patrick has said. This...

October 3, 2017 No Responses

NIMASA implores stakeholders on development, growth in maritime sector

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the need for stakeholders to actively participate in the Nigerian maritime sector in order to support the growth of the country’s blue...

October 3, 2017 No Responses

BPE Photo News

The Director General of Bureau of Public Enterprises (BPE ), Mr. Alex A. Okoh, rings the closing bell for the day’s business at the Nigerian Stock Exchange (NSE ), Lagos on Friday, September 29, 2017. With him are Pai Gamde,...

October 2, 2017 No Responses

Buhari in Maiduguri, lauds military

Pesident Muhammadu Buhari on Sunday marked the military ceremonies of the National Independence Day in Maiduguri, Borno State, the epicenter of the Boko Haram terrorism and insurgency to honor the courage and sacrifices of the Armed Forces. The ceremony which....

October 1, 2017 No Responses

How to finance key govt projects, create jobs through capital market, by Arunma Oteh

By Moses Ebosele, ebosele@hotmail.com – Stock Exchanges and Market Infrastructure Entities (MIEs) are agents of social change, Vice President and Treasurer of the World Bank, Arunma Oteh has said. According to Oteh, MIEs are critical to sustainab...

October 1, 2017 No Responses

Nigeria still critically sick at 57

(Statement by Comrade (Dr.) Bobboi Bala Kaigama, President of Trade Union Congress of Nigeria (TUC), on the Occasion of the 57th Independence Day Anniversary of the Country on 1st October, 2017). “The world will never respect Africa until Nigeria...

September 29, 2017 No Responses

SEC arraigns BGL officials over alleged capital market scam

The Securities and Exchange Commission (SEC)on Thursday arraigned BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, 312, 322 and 323 of the...

September 27, 2017 No Responses

‘FG released N336b capital funds to MDAs in Q1 2017’

The Federal Government has, to date, released N336 billion from the 2017 Budget to Federal Ministries, Departments and Agencies for the funding of capital projects in the first quarter of 2017. The balance of N14 billion is being processed, pending...

September 27, 2017 No Responses

Oando Shareholders Petition National Assembly

Over 100 shareholders of the troubled Oando Plc have written a petition to the National Assembly alleging corporate governance abuse, mismanagement and gross misconduct. The petition, addressed to the Chairman, House Committee on Capital Market and Instit...

September 24, 2017 No Responses

FG reiterates commitment to tackle electricity supply challenges

The Federal Government has reiterated its commitment to tackle challenges associated with electricity supply nationwide. Speaking in Akwa Ibom State on saturday during the inauguration of a metering company, Vice President Yemi Osinbajo explained that the Fe...

September 20, 2017 No Responses

FG pledges more support for capital market, inaugurates Investment and Securities Tribunal

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday reconstituted ten-man Investment and Securities Tribunal (IST), which has Siaka Isaiah Idoko as the Chairman. Other members are: Jude I. Udunni, Mr. Nosa Osemwengie, Abubakar A. Ahmad, Albert L. Otesile,...

September 20, 2017 No Responses

SEC bans Ogiemwonyi for life, suspends Omoragbon

The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi for life from holding directorship positions in any public company in Nigeria fo...

September 20, 2017 No Responses

Promotion arrears: Labour suspends strike

As the Federal Government commences the payment of outstanding salaries, promotion arrears, and other allowances owed Federal Public Officers, organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has suspended the strike ...