Federal – Page 122 – City Business News

February 27, 2017 No Responses

SEC Seals Yuan Dong over ‘illegal activities’

Citing need to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC) has sealed up the premises of Yuan Dong (YDEC). According to a statement by...

February 26, 2017 No Responses

FG recalls two sacked NCAA directors

The federal government has recalled two out of the nine directors who were sacked from the Nigerian Civil Aviation Authority (NCAA) on Friday. The duo are Adamu Abdullahi, Director of Consumer Protection, and Ayodele Sasegbon, Director of general aviation. Sam...

February 26, 2017 No Responses

Dogara lauds Oslo Summit on Food Crisis in North East

Speaker of the House of Representatives Yakubu Dogara, has commended the convening of World leaders in Oslo, Norway, “which saw donors pledging $672 to tackle food crisis in the north east for the next three years”. In a statement issued...

February 24, 2017 No Responses

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals. In a circular to all Deposit Money Banks posted on...

February 24, 2017 No Responses

Communities, 44 varsities to benefit from N20b green bond

Not less than 44 Nigerian universities and several communities are to benefit from the proposed N20billion sovereign green bond scheduled to commence next month. Speaking at the investors’ conference for the green bond at the Nigerian Stock Exchange (NSE) on...

February 24, 2017 No Responses

NIMASA team at Customs HQ, canvasses synergy, revenue, trade facilitation

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that NIMASA and the Nigerian Customs Service (NCS) are partners in progress in bringing the desired growth and development to the Nigerian...

February 23, 2017 No Responses

NLNG records explosion along gas transmission pipelines

The Nigeria Liquefied Natural Gas (NLNG) on Wednesday recorded an explosion on a section of its right of way housing two gas transmission pipelines. A statement issued by NLNG General Manager (External Relations), Kudo Eresia-Eke, explained that one of the.....

February 23, 2017 No Responses

EFCC recovers 17 vehicles from Dikko, ex-Customs boss

The Economic and Financial Crimes Commission (EFCC) on Wednesday disclosed that it has recovered 17 “exotic vehicles’’ in a warehouse belonging to a former Comptroller-General of Customs, Abdullahi Dikko Inde. A statement issued by Wilson Uwujaren, Hea...

February 22, 2017 No Responses

NSE lists Forte Oil’s N9B Bond

The Nigerian Stock Exchange (NSE) has listed N9billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. Under the arrangement, proceeds of the N9 Billion Series 1, five year bond...

February 22, 2017 No Responses

FG adopts 60-day plan on ease of doing business at seaports, airports, others

The Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President, Yemi Osinbajo, has approved a 60-day national action plan to push through short term reforms at seaports, airports and other locations . The Acting President, who addre...

February 22, 2017 No Responses

Photo News

The Minister of Information and Culture, Alhaji Lai Mohammed (middle), flanked by the Chairman, Leadership/Folio Limited, Mr. Fidelis Anosike, and the Permanent Secretary, Federal Ministry of Information and Culture, Mrs. Ayotunde Adesugba, at the signing of M...

February 21, 2017 No Responses

Unauthorised Employment: Labour faults alleged agenda to sack 3,500 workers

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has flayed alleged plan by the Federal Government to sack 3,500 public servants “under the guise that their appointments were irregular and unauthorized”. In a pr...

February 21, 2017 No Responses

Amaechi to chair town hall on cargo handling charges

Against the backdrop of a recent audit report revealing that private terminal operators in Nigerian ports lost about N58.9 billion to the rising foreign exchange scarcity, Consumer Price Index (CPI), among others, in eight years, a one-day town hall meeting...

February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...