Federal – Page 121 – City Business News

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

April 3, 2017 No Responses

BPE decries inadequate dredging of Calabar Seaport Channel

Worried by the inadequate dredging of the Calabar Seaport Channel several years after its terminal was handed over to concessionares, the Bureau of Public Enterprise (BPE) has pledged to “step in” and briefed the Federal Government adequately. According to...

April 1, 2017 No Responses

NSE Photo News

L – R (A) Ayodeji Akinbobola, Head, Children Banking, Access Bank Plc; Adetokunbo Elliot, Youth Product Manager, First Bank of Nigeria Limited; Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Olumide Orojimi, Head, Cor...

March 31, 2017 No Responses

Abuja Airport Runway Now 57.5% Completed, says Minister

The reconstruction of the runway of the Nnamdi Azikiwe International Airport, Abuja, has reached 57.5% completion, mid-way into the six weeks earmarked for the project, the Minister of State for Aviation, Senator Hadi Sirika, disclosed in Abuja on Thursday. ...

March 30, 2017 No Responses

NSE lists series 1 FGN Savings Bond, Series 2 opens next week

The Nigerian Stock Exchange (NSE) on Wednesday listed the Series 1 of the Federal Government of Nigeria (FGN) Savings Bond, maturing March 2019. The Savings Bond, the first of its kind in Nigeria, was opened to the investing public...

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 30, 2017 No Responses

Customs redeploys 337 Assistant Comptrollers, confirms Attah as substantive PRO

As part of ongoing repositioning of the Service, the Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) has approved the redeployment of 337 Assistant Comptrollers of Customs to various Commands across the country with immediate effect. A statement ...

March 29, 2017 No Responses

Buhari reiterates support for SMEs

To successfully tackle foreign exchange challenges and improve on the performance of Nigeria’s economy, President Muhammadu Buhari on Tuesday in Lagos reiterated his resolve to empower Small and Meduim Enterprises (SMEs). Speaking at the annual Tinubu Colloq...

March 28, 2017 No Responses

‘Re-construction of Abuja Airport Runway not extended beyond six weeks’

Reconstruction of Abuja Airport Runway has not been extended from six weeks to 18 weeks, the Minister of Information and Culture, Alhaji Lai Mohammed, has clarified. The Minister said at a session with the Aviation Round Table (ART) in Lagos...

March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN, Nigerians can...

March 27, 2017 No Responses

Customs comes under scrutiny over alleged N4tri revenue leakage

Citing alleged revenue leakage in the Nigeria Customs Service (NCS) between 2006 and 2016, the Senate Committee on Customs, Excise and Tariff has commenced an intense investigation. Speaking on Sunday in Abuja, the Chairman of the committee, Hope Uzodinma,...

March 27, 2017 No Responses

$184m crude swap under-deliveries: Taleveras makes $17m commitment

The Nigerian National Petroleum Corporation (NNPC) has pledged to provide members of the public with up-to-date information on the ongoing effort by the Corporation to sanitize the record books through reconciliation of the transactions executed during the def...

March 27, 2017 No Responses

‘Illegal refineries’ in Niger Delta to get crude supply from FG

Details of the President Muhammadu Buhari’s New Vision for oil-producing communities in the Niger Delta is emerging as an idea is now being worked out to explore how some of the illegal refiners and the local communities in the region...

March 26, 2017 No Responses

‘How to tackle corrupt Vice Chancellors’

To successfully tackle corruption in Nigerian Universities, Vice Chancellors accused of corruption must be arrested and prosecuted by the Economic and Financial Crimes Commission (EFCC), the Senior Staff Association of Nigerian Universities (SSANU), has said A...