Federal – Page 104 – City Business News

December 28, 2017 No Responses

Sources fault Kachikwu’s alleged memo, clears Kyari

The alleged circulation of non-existent July 2017 memo, predicting the likely shortage of PMS by the Minister of State for Petroleum Resources, Dr. Ibe Kackiwu has been described as a grand design to discredit and embarrass President Muhammadu Buhari and his...

December 25, 2017 No Responses

Priest, community leader condemn hike in product prices, services

A Catholic Priest, Rev. Fr. Gabriel Fatoye, has criticised some retailers and service providers for deliberating increasing prices of products and services during the Christmas season. Fatoye, an Associate Parish Priest of the Sacred Heart Catholic Church, O...

December 24, 2017 No Responses

SGF: FG not contemplating hike in petrol pump price

The Secretary to the Government of the Federation (SGF), Boss Mustapha has assured Nigerians that the Federal Government is not contemplating any form of hike in the pump price of petroleum products. Mustapha disclosed this on Saturday at the handing...

December 23, 2017 No Responses

Petrol pump price hits N250 per litre as DPR forces NNPC mega station to dispense product

The supply and price of Petrol in Anambra have worsened as customers now pay between N250 and N300 per litre in the state. Most filling stations in Awka and its environs had the product but refused to dispense. However, the...

December 20, 2017 No Responses

NNPC releases 470 trucks of petrol to Lagos, Abuja

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Ndu Ughamadu, announced the release in a statement in Abuja....

December 13, 2017 No Responses

CBN injects $210m into currency market

The Central Bank of Nigeria (CBN) said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. In a statement, the bank said it had released 100...

December 8, 2017 No Responses

NLNG to supply 350ktpa of DLPG through dedicated vessel

Nigeria LNG (NLNG) has reiterated its commitment to continue to support growth of the LPG industry by dedicating 350,000 metric tonnes per annum of cooking gas otherwise known as Domestic LPG (DLPG) to the country, to ensure reliable and affordable...

December 4, 2017 No Responses

FG appoints Abdul Zubair acting DG of SEC

The Federal Government has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission. ...

November 30, 2017 No Responses

FG suspends SEC DG, two others

The Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo and two others have been suspended from office by the Minister of Finance, Mrs. Kemi Adeosun as the Federal Government launches investigation into several allegations of...

November 27, 2017 No Responses

Shipowners task FG on $100m cabotage fund

The President, Nigerian Shipowners Association (NISA), Mr Aminu Umar, has called on the Federal Government to intervene in delayed disbursement of the Cabotage Vessel Financing Fund (CVFF) to sustain shipping business. Umar made the call in an interview with t...

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...