Federal – Page 104 – City Business News

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explained that “Claims on social...

October 15, 2017 No Responses

World Bank: Assistance to Nigeria not limited to Northeast

Assiatance to Nigeria is not limited to the Northeast, the World Bank has clarified. Reacting to the controversy generated by a statement credited to its President, Jim Yong Kim that President Muhammadu Buhari requested its special intervention in ...

October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...

October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru...

October 11, 2017 No Responses

FG names Sumaila sole administrator for Ajaokuta Steel Complex

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has announced the appointment of Engr. Abdul-Akaba Sumaila, as the Acting Sole Administrator of the Ajaokuta Steel Complex. Sumaila replaces Mr Joseph Isah, who retired from the civil service....

October 9, 2017 No Responses

NADDC Boss seeks involvement of more banks in auto financing

By Moses Ebosele, ebosele@hotmail.com – The National Automotive Design and Development Council (NADDC), is to strengthen some components of the National Automotive Industry Development Plan (NAIDP). Under the arrangement, a fund is to be establ...

October 9, 2017 No Responses

Shareholders task SEC on Oando crisis

Based on the directive given to the Securities and Exchange Commission (SEC) by the House Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc, shareholders of the company have cautione...

October 7, 2017 No Responses

NPA boss reiterates commitment to safety standards

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated the commitment of the organisation to Safety Standards for all aspects of operations at the nation’s Seaports. She expressed this commitment in her remarks at the...

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...