Federal – Page 134 – City Business News

December 8, 2016 No Responses

Citigroup, others to issue Nigeria’s $1b Eurobond in 2017

The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kemi...

December 7, 2016 No Responses

FG mandates auto dealers to publish ex-factory price of vehicles

In the spirit of transparency, President Muhammadu Buhari has directed all automobile dealers in Nigeria to publish ex-factory price of their vehicles with effect from 2017. The directive is based on a request forwarded to the President by the...

December 7, 2016 No Responses

NIMASA DG canvasses utilization of PPP model for maritime infrastructure

Adequate provision of basic infrastructure has been identified as a necessary step capable of unlocking the vast opportunities in Nigerian maritime industry. This position was canvassed by the Director General of the Nigerian Maritime Administration and Safety...

December 7, 2016 No Responses

Lai Mohammed pledges to revamps Nigeria’s tourism potentials

The Minister of Information and Culture, Alhaji Lai Mohammed, has pledged to leave a legacy of turning Nigeria’s rich tourism potentials to a tourism economy. The Minister made the pledge in Abuja on Tuesday when he received the International Tourism A...

December 6, 2016 No Responses

Terminal operators seek reduction in Customs duty on vehicles

The Seaport Terminal Operators of Nigeria (STOAN) has commended President Muhammadu Buhari for banning the importation of vehicles into the country through the land borders. STOAN Chairman, Princess Vicky Haastrup, while reacting to the ban announced by the Fe...

December 6, 2016 No Responses

Auto Policy: The controversy continues

The controversy trailing implementations of Nigeria’s automotive policy assumed a new dimension on Monday with the outright ban on importation of vehicles through the land borders. Indeed, the policy, unveiled in 2013 by the administration of former Presiden...

December 6, 2016 No Responses

NLNG commissions $2m laboratory at UNN

Nigeria LNG Limited (NLNG), recently, at the University of Nigeria, Nsukka (UNN) commissioned a $2 million NLNG/UNN Engineering Laboratory donated to the institution as part of the company’s $12 million University Support Programme (USP). NLNG’s USP was la...

December 6, 2016 No Responses

Nigeria, Ghana, Togo, others ban ‘dirty fuels’ from Europe

(BBC) Five countries in West Africa have decided to stop importing “dirty fuels” from Europe, the UN Environment Programme says. A recent report revealed that European companies were exploiting weak regulations in West Africa to export fuels with h...

December 5, 2016 No Responses

FG bans importation of vehicles through land borders

Importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government. The prohibition order covers all new and used vehicles. A statement issued by the Nigeria Customs Service (NCS) Public Relations Officer, Mr Wale Adeniy...

December 5, 2016 No Responses

CBN faults alleged unilateral dollar allocation

The Central Bank of Nigeria (CBN) on Sunday denied reports that it allocates dollars unilaterally. CBN Director in charge of Corporate Communications, Mr. Isaac Okoroafor, explained that the CBN had set up an inter-bank foreign exchange market, where anyone wh...

December 5, 2016 No Responses

Strategic roles of entrepreneurship in economic growth, by NPA boss

To boost economic growth, the Managing Director of Nigerian Ports Authority (NPA) , Ms Hadiza Bala Usman has emphasised need to promote the activities of medium scale entrepreneurs and foreign investors. Speaking at the Kano Trade fair, the NPA boss...

December 5, 2016 No Responses

‘PayU’ payment system debuts in Nigeria

A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive. The PayU Payments Nigeria Limited with trading name as “PayU”, according to its Coun...

December 4, 2016 No Responses

FG seeks protection of Cultural Heritage

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for the sensitization of local communities across Africa in order to raise their consciousness about the importance of protecting cultural heritage against marauders. The Minister made ...

December 2, 2016 No Responses

NPA partners Port of Miami on export, trade facilitation

The Nigerian Ports Authority (NPA) and the Port of Miami are collaborating as part of measures to boost export and facilitate trade. Speaking during a visit to the Managing Director of NPA, Ms Hadiza Bala Usman in Lagos, the United...