Federal – Page 108 – City Business News

August 5, 2017 No Responses

NIMASA explains new Cabotage Compliance Strategy

In continuation of its quest to ensure full implementation of the Cabotage Act, 2003 for the benefits of Nigerians, the Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced New NIMASA Cabotage Compliance Strategy (NCCS) towards the actualization of a...

August 4, 2017 No Responses

NPA commissions 24-hour emergency clinic

As part of measures to ensure effective implementation of the Executive Order concerning the ease of doing Business at Ports, the Management of the Nigerian Ports Authority (NPA) has commissioned a 24 hour emergency clinic to cater for health concerns....

August 4, 2017 No Responses

NSE gets CSR award

The Lagos Chamber of Commerce and Industry (LCCI) has honoured the Nigerian Stock Exchange (NSE) with Corporate Social Responsibility (CSR) of the Year Award. Speaking at the Commerce & Industry Awards 2017 , Muda Yusuf, Director General of the....

August 3, 2017 No Responses

IMF: Economic backdrop in Nigeria remains challenging

The economic backdrop in Nigeria remains challenging, despite some signs of relief in the first half of 2017, International Monetary Fund (IMF), has said. At the end of a visit to Nigeria, IMT team led by Amine Mati, Senior...

August 2, 2017 No Responses

Osinbajo in Kebbi, inaugurates N10b rice mill

The Acting President, Prof Yemi Osinbajo on Tuesday commissioned N10billion rice mill in Kebbi State, regarded as the largest in Africa. The WACOT Rice Mill, which is privately owned, is capable of processing over 120,000 metric tonnes annually. ...

August 2, 2017 No Responses

NLNG seeks human capital development in oil, gas industry

Nigeria LNG Limited (NLNG) has urged engineers in the country’s oil and gas sector to continuously strive to acquire and demonstrate cutting-edge competence which would enable Nigeria fully harness the vast natural resources and grow the nation’s economy. ...

August 1, 2017 No Responses

FG implores Dangote on 2019 completion date for refinery

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited...

July 31, 2017 No Responses

Customs Checkpoints: LCCI, others to monitor compliance

The Lagos Chamber of Commerce and Industry [LCCI] has commended recent directive from the Customs headquarters removing all customs check-points outside 40 kilometers of the nation’s land borders. Similarly, all customs checkpoints outside the ports a...

July 30, 2017 No Responses

Nigeria reiterates right business environment for investors

Industrialisation and diversification of the economy remain the focus of President Muhammadu Buhari’s administration, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelama has said. Speaking during his visit to Abia State, the Minister ...

July 29, 2017 No Responses

Minister: Criticism will not stop broadcasting code amendment

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government will not be stampeded into abandoning its ongoing efforts to amend the Nigeria Broadcasting Code to ensure the production in Nigeria of ‘Nigerian content or l...

July 28, 2017 No Responses

Osinbajo: FG is unequivocally committed to success of private sector

First, let me say how pleased I am to be here today. There are two events taking place here today: the first is the formal release ceremony to discharge Indorama Eleme Petrochemicals Limited, (IEPL), from the mandatory Monitoring Programme of...

July 27, 2017 No Responses

FG prepares information officers to tackle fake news

The Minister of Information and Culture, Alhaji Lai Mohammed, said the Ministry has strengthened the capacity of its Information Officers to tackle the menace of fake news with fact-based counter-narrative. The Minister stated this in Abuja on Wednesday in hi...

July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...

July 26, 2017 No Responses

SEC to sanction firms, capital market operators over tax default

The Securities and Exchange Commission (SEC) has advised Capital Market Operators (CMOs) and Public Limited Company (PLCs) to comply with the Voluntary Assets and Income Declaration Scheme (VAIDS) or face penalty. According to a statement, SEC is enc...