Federal – Page 105 – City Business News

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 sustainable growth...

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 ...

September 20, 2017 No Responses

Nissan production line hits 150 million vehicles in 84 years

Nissan Motor Company Ltd. has reached a new milestone with 150 million vehicles produced globally. It took 73 years for Nissan to produce its first 100 million vehicles after the company was founded in 1933, and another 11 years to build...

September 18, 2017 No Responses

‘Nigeria needs $3t to fix infrastructure’

Nigeria needs $3 trillion to fix infrastructure deficit in the country over the next three decades, Africa Finance Corporation (AFC) has said. Speaking at the weekend in Lagos, AFC President/Chief Executive, Andrew Alli called on government to allow cost...

September 16, 2017 No Responses

NPA Photo News

some management staff of NPA in a group photograph with members of HSOP committee after a meeting in Lagos.

September 14, 2017 No Responses

NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement

The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Wednesday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, an...

September 14, 2017 No Responses

Nigeria defers 700,000bpd of crude oil due to pipeline vandalism

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as...