Federal – Page 116 – City Business News

May 20, 2017 No Responses

NPA Photo News

Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman (2nd left); Practice Manager, World Bank, Benedict Eijbergen (left); Senior Transport Spec., World Bank, Olatunji Ahmed (2nd right) and the Technical Assistant to the MD, Dr. Abubakar D...

May 19, 2017 No Responses

FG gives agencies 60 days to harmonise operations at Seaports, insists on 24 hour services at Apapa

By Moses Ebosele – The Acting President, Yemi Osinbajo, on Thursday signed three executive orders “that will significantly change some of the ways government business and operations are conducted in the country forthwith”. Ahead of the signing...

May 18, 2017 No Responses

ICRC lauds NPA’s PPP initiatives

The Infrastructure Concession Regulatory Commission (ICRC) on Thursday commended the Nigerian Ports Authority (NPA) for the success it had recorded in the areas of Public Private Partnerships (PPP). Led by Gabriel .T. Aduda, Director Civil Service Transform...

May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public, CBN explained that the list of...

May 17, 2017 No Responses

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent. He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...

May 17, 2017 No Responses

Nine ministers present mid-term report as Audu Ogbeh blames high cost of local rice on interest rate

Not less than nine Ministers attended a special edition of the Federal Government’s town hall meeting in Abuja on Tuesday. They are Minister of Agriculture and Rural Development, Audu Ogbeh; Minister of Power, Works and Housing, Babatunde Fashola; Minist...

May 17, 2017 No Responses

NPA Photo News

Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman (3rd right); Executive Director, Finance and Admin. NPA, Mohammed Bello-Koko (2nd right); the President SSA, Comrade Benson Adegbeyeni (1st right); President General, Maritime Workers Uni...

May 13, 2017 No Responses

Haastrup: Success of port concession has opened more business opportunities

The Federal Government has been commended for its foresight in concessioning terminal operations at the nation’s seaports. Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, who gave the commendation said the succes...

May 12, 2017 No Responses

Oando seeks approval to refurbish refineries

Oando Plc is to seek the approval of the Federal Government to refurbish one or two refineries as part of measures to end fuel importation. Speaking during the company’s facts behind the figure at the Nigerian Stock Exchange (NSE)...

May 12, 2017 No Responses

NASS earmarks N23.7B for personnel cost in 2017

The National Assembly has earmarks N125billion for its 2017 budget, up from N115billion in 2016. Under the arrangement, total personnel cost is N23,789,787,880 while total overhead cost is N85,878,619,888; total capital cost will gulp N14,940,196,063. A...

May 12, 2017 No Responses

National Assembly passes N7.441tri 2017 Budget

The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly. President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly. In the...

May 12, 2017 No Responses

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...

May 12, 2017 No Responses

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...