Federal Archives — Page 126 of 133

August 20, 2016 No Responses

Customs impounds 14,000 bags of rice at Tin-Can Island Command

The Nigeria Customs Service (NCS), Tin-Can Island Command has intercepted 31 containers of 14,000 bags of rice. Briefing Journalsits on Friday, the Comptroller General of Customs, Col Hameed Ali (rtd), represented by Deputy Comptroller Generals Dan Ugo and Iya Abubakar...

August 19, 2016 No Responses

FCMB blames NPA for non-remittance of funds

By Moses Ebosele – The management of First City Monument Bank (FCMB) has admitted receiving Euro payments for Nigerian Ports Authority (NPA). Briefing the Nigerian Stock Exchange (NSE) in a statement obtained by City BusinessNews (www.citybusin...

August 19, 2016 No Responses

Buhari tasks African Central Banks on repatriation of stolen funds

President Muhammadu Buhari has urged African Central Banks to play crucia role in the repatriation of stolen funds. Speaking at a meeting of the association of central bank governors in Abuja, Buhari called for the removal of all bureaucracies...

August 19, 2016 No Responses

Appeal Court nullifies Judgment sacking Ikpeazu as Governor

The Court of Appeal sitting in Abuja on Thursday upturned the judgments of Justice Okon Abang-led Federal High Court in Abuja which removed Governor Okezie Ikpeazu of Abia State from office. Ikpeazu’s appeal was in regard to the ruling delivered...

August 18, 2016 No Responses

FG raises committee on 13 % derivation for Lagos

By Ibhade John – A committee charged with the responsibility of disbursing 13 per cent Derivation Fund to Lagos State has been raised by the Federal Government. Chairman of the Indices and Disbursement Committee of the Revenue Mobilisation All...

August 17, 2016 No Responses

NNPC faults alleged NPA’s N5Billion debt

By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has blamed its agent, Daddo Maritime for the alleged N5 Billion debt the Corporation is owing the Nigerian Ports Authority (NPA). In a chat with City BusinessNews (www.city...

August 17, 2016 No Responses

CBN increases BDCs weekly sales to $50,000

The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week. Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of...

August 17, 2016 No Responses

NDIC tasks Jaiz Bank on Corporate Governance

By Bademi Johnson – To successfully tackle various challenges facing Nigeria’s banking Industry, the management of Jaiz Bank Plc has been advised to strengthen its corporate governance mechanism. The Managing Director/Chief Executive Officer of Nig...

August 17, 2016 No Responses

Customs drag firm to court over alleged illegal importation, others

The Nigeria Customs Service, Federal Operations Unit has charged Mr Roland Uche Ogbonna, Managing Director of Elgusto Classic International before Hon. Justice Abdulazeez Anka of Federal High Court, Ikoyi, on three counts charge of illegal importation ...

August 17, 2016 No Responses

‘Creative industry can generate one million jobs”

By Moses Ebosele – The creative industry in Nigeria is capable of creating one million jobs in the next three years if properly harnessed, Minister of information and Cukture, Alhaji Lai Mohammed has said. The creative industry encompasses television...

August 16, 2016 No Responses

Customs generates N385.7 Billion in six months

Between January and June this year, the Nigeria Customs Service (NCS) generated N385.7 Billion. NCS had within same period in 2015 generated N438.7 Billion. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of...

August 16, 2016 No Responses

Miners to get licence within 40 days

The Federal Government has put all necessary measures in place to ensure prospective miners secure necessary licenses within 40 days. Speaking in Abuja, Director General, Mining Cadastral Office, Mr. Ibrahim Amate, said there is a new vigour at the...

August 16, 2016 No Responses

Court stops PDP convention

A Federal High Court in Abuja has suspended the national convention of the Peoples Democratic Party (PDP) slated for August 17, 2016 in Port Harcourt. Justice Okon Abang said he gave the ruling to serve as a “judicial deterrent” for what...

August 15, 2016 No Responses

NLNG explains reviewed wage scale for seafarers

By Moses Ebosele – Contrary to some media reports, there is no strike by Seafarers or any other employees within Nigeria Liquefied Natural Gas (NLNG) and its subsidiaries. NLNG in a statement on Sunday also explained that the...