Federal – Page 135 – City Business News

December 2, 2016 No Responses

Saudi Arabia lays foundations for $4.3b maritime complex

The inauguration ceremony of the King Salman Global Maritime Industries Complex was held at Ras Al-Khair, near Jubail in Saudi Arabia, on November 29, 2016, South Korean shipbuilder Hyundai Heavy Industries (HHI) informed. Saudi Arabia’s King Salman bin Abdulaziz Al...

December 1, 2016 No Responses

NJIC to maintain current wages

The National Joint Industrial Council (NJIC) has agreed to discontinue further negotiations for the increment of wages of dock workers given the prevailing economic conditions facing the maritime industry in general and Nigeria in particular. This decision was...

December 1, 2016 No Responses

Minister explains role of creative industry in economic growth, recovery

The Federal Government has included the Creative Industry in its Economic Recovery and Growth Plan in order to underscore the political will to harness the immense potential of the sector for economic empowerment. The Minister of Information and Culture, Alh...

November 30, 2016 No Responses

NECA faults ‘cool-off’ provisions in FRC’s Code of Corporate Governance

The Nigeria Employers’ Consultative Association (NECA) on Tuesday criticised provisions in the recently suspended Code of Corporate Governance of the Financial Reporting Council (FRCN). According to NECA, there is no justification for the mandatory ‘co...

November 30, 2016 No Responses

Labour seeks industrial harmony, outstanding salaries for Ministry of Defence staff

Industrial harmony in the workplace will be enhanced if the management and workers put the interest of the organisation first. Making the declaration in a lecture he delivered at the 2016 Annual Seminar of the Ministry of Defence unit of...

November 30, 2016 No Responses

House Committee pledges support for NIMASA

The House of Representatives Committee on Maritime Safety, Education and Administration has resolved to support the rebuilding efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) in its quest to reposition, reform and restructure for the...

November 29, 2016 No Responses

MAN seeks reduction in interest rate

Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by...

November 29, 2016 No Responses

World Federation of Exchanges explain Commission’s crisis management proposal

The World Federation of Exchanges (WFE) on Monday notes the European Commission’s proposal for regulation regarding the recovery and resolution of CCPs, and welcomes the importance placed on consistency with international standards. According to WFE, the pro...

November 29, 2016 No Responses

NCC directs mobile operators to increase data tariffs

NCC directs mobile operators to increase data tariffs (The Cable)– The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase. In a...

November 29, 2016 No Responses

Dangote foundation donates N100m food items to IDPs, returnees in Yobe State

Moved by the plight of the Internally Displayed Persons (IDPs) and returnees in Yobe State, many of whom have been hit by starvation, the Dangote Foundation has flagged off the distribution of food and other relief items worth over N100...

November 28, 2016 No Responses

IITA warns against paying lip service to agriculture

There are negative consequences if Africa continued to pay lip service to agriculture, the Director General of the International Institute of Tropical Agriculture (IITA), Dr Nteranya Sanginga has warned. Addressing members of the Board of Trustees of IITA and ...

November 28, 2016 No Responses

FG to name exporters of substandard agric products

Henceforth, the Federal Government will name individuals and agencies behind export of substandard agricultural products. According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, in the spirit of anti-corruption posture, the Federal Go...

November 28, 2016 No Responses

Customs FOU impounds N1.1B contraband, arrest 18 suspects

The reinvigorated anti-smuggling activities of the Federal Operations Unit, (FOU) Zone ‘C’ of the Nigeria Customs Service (NCS) has resulted in the seizure of 29 prohibited items with a Duty Paid Value (DPV) of N1,074,099,739.00 and under payment recovered...

November 27, 2016 No Responses

Investors get N29b from unclaimed dividend in one year

Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend between November 2015 and this year. Briefing Journalists on the...