Federal – Page 149 – City Business News

October 10, 2016 No Responses

NCC records 94m internet users in August

The Nigerian Communications Commission (NCC) as at August 2016 has in its networks 93,591,174 internet users. According to NCC, the data revealed that internet usage on the Global System for Mobile communications (GSM) and the Code Division Multiple Access...

October 10, 2016 No Responses

‘Arrest of Judges was attack on corruption, not Judiciary’

The Federal Government has described the arrest of some Judges by the Department of State Securities (DSS) as an attack on corruption not Judiciary. In a statement at the weekend, the Senior Special Assistant to the President on Media and...

October 10, 2016 No Responses

Minister lauds NAFEST 2016 contributions to national unity

The Minister of Information and Culture, Alhaji Lai Mohammed, has described the 2016 edition of the annual N ational Festival of Arts and Culture (NAFEST 2016) as a success, saying it has helped to strengthen national unity. ”Undoubtedly the biggest...

October 9, 2016 No Responses

‘Rice imports remain banned through land borders’

The Nigeria Customs Service (NCS) has not reversed the ban on rice importations through land borders. In a statement on Saturday, NCS Public Relations Officer (PRO), Wale Adeniyi also denied granting press interview to that effect. Adeniyi said:...

October 9, 2016 No Responses

NBA demands release of Judges

THE Nigerian Bar Association (NBA) yesterday declared a state of emergency in the judiciary over the arrest of some Judges over alleged corruption. Addressing Journalists in Lagos, NBA also declared state of emergency emergency in the Judiciary. NBA presi...

October 8, 2016 No Responses

Ecobank renews partnership with Global Fund

Ecobank Transnational Incorporated has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. Ecobank in a statement on Friday explained that the relationship between the two organisations began...

October 8, 2016 No Responses

Sukuk Issuance: SEC lauds CBN’s approval of guidelines for granting liquid assets to States

The Securities and Exchange Commission (SEC) has notified issuers and investors that the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. In a statement on Fri...

October 8, 2016 No Responses

Heritage Bank seeks sustained support for firms

As part of measures to create wealth for individual customers, Heritage Bank recently took advantage of customers’ service/appreciation week to organise a business fair to celebrates the business activities of various customers. The fair which t...

October 8, 2016 No Responses

FirstBank partners NESG on 22nd economic summit

Inline with commitment to drive financial inclusion and sustainable national economic development, First Bank of Nigeria Limited and FBN Merchant Bank Limited have partnered the Nigerian Economic Summit Group to host the 22nd Nigerian Economic Summit (NES#22) ...

October 8, 2016 No Responses

Minister seeks implementation of bilateral pacts in culture

The Minister of Information and Culture, Alhaji Lai Mohammed, has stressed the need to actualize all the bilateral agreements betweenNigeria and other countries, particularly in the cultural sector, so as to derive the maximum benefits that the sector offers...

October 7, 2016 No Responses

‘Trade, Transport Interconnectivity critical to sustained growth in Africa’

Member States of Union of Africa Shippers Council (UASC) on Thursday in Abuja commenced a two-day special Sub-Regional Interactive meeting aimed at improving trade and transport infrastructure within the continent. With the theme:Transport Infrastructure De...

October 7, 2016 No Responses

SEC explains waiver, 80 % compliance to Rules and Regulations

Section 60(1) of the Investment and Securities Act, 2007 requires that “a public company whose securities are required to be registered under the Act shall file with the Commission on a periodic or annual basis its audited financial statements and...

October 7, 2016 No Responses

TinCan Island Port generates N25.6B in September

For the Month of September 2016, TinCan Islan Port command of Nigerian Customs Service (NCS) generated N25.6 Billion revenue. A press statement issued by the Public Relation Officer, UCHE EJESIEME, explained that Various strategic plans aimed at enhanc...

October 6, 2016 No Responses

Shipowners task IMO on timeline for GHG Emissions

The world’s national shipowner associations represented by the International Chamber of Shipping (ICS) have urged the International Maritime Organization (IMO) to develop a timeline for the further reduction of the shipping sector’s Green House Gas (GHG) e...