Federal Archives — Page 19 of 138

May 7, 2024 No Responses

CBN Directs Banks To Charge 0.5% Cybersecurity Levy

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by the apex bank to all commercial, merchant,...

May 5, 2024 No Responses

Tinubu Implores Automotive Manufactures On Affordable Vehicles For Nigerians

President Bola Ahmed Tinubu has urged automotive manufacturers in Nigeria to facilitate the production of affordable vehicles for Nigerians. Tinubu made the remarks during a meeting with the African Association of Automotive Manufacturers (AAAM) and the ...

May 3, 2024 No Responses

Minister Reiterates FG’S Commitment To Fast- Track Development In Auto Sector

The Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr. Doris NKIRUKA Uzoka-Anite has reiterated the Federal Government’s commitment to boost development in the Nigeria Automotive Industry.The Minister stated this on Friday, 3rd May...

May 3, 2024 No Responses

Seaports Unveil Top Nine Priorities

In view of the upcoming EU elections in June, the European Sea Ports Organisation (ESPO) — which represents over 98% of the seaports of the European Union — has set its priorities for the next five years with a strong...

May 3, 2024 No Responses

CPPE Implores CBN On Quarterly FX Rate For Customs

The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs...

May 2, 2024 No Responses

NLC Tasks FG On New Minimum Wage

Organised labour has given the federal government till the end of May to finalise the process of implementing the new national minimum wage for workers. The President of the Nigeria Labour Congress (NLC), Joe Ajaero, made the demand on Wednesday...

May 2, 2024 No Responses

May Day: Tinubu Salutes Nigerian Workers

President Bola Tinubu has congratulated Nigerian workers on the auspicious occasion of Workers’ Day held annually to celebrate the lifeblood of our country.The President salutes Nigerian workers for their fidelity to the peace, progress, and development ...

May 1, 2024 No Responses

FG Approves Salary Increase For Civil Servants

The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary StructuresThe Salary Structure are Consolidated Public Service Salary Structure (CONPSS), Consolidated Researc...

May 1, 2024 No Responses

Maersk debunks $600m Investment In Nigeria

The management of AP Moller-Maersk has debunked report that it is planning to invest $600 million in Nigerian seaport infrastructure. The Nigerian Government through a statement had claimed that the Danish shipping conglomerate promised to bring an additional ...

May 1, 2024 No Responses

Petrol Marketers Threaten Strike Over ₦200b Debt

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following cur...

April 30, 2024 No Responses

Najomo Inaugurates NCAA’s Project Monitoring And Evaluation Committee

The Acting Director General, Nigerian Civil Aviation Authority (NCAA), Capt. Chris Ona Najomo has inaugurated NCAA Project Monitoring and Evaluation Committee.The inauguration ceremony for the newly reconstituted committee took place on Monday, April 29, 2024...

April 28, 2024 No Responses

Lagos-Calabar Coastal Road: Demolition Of Structures Begins

The Minister of Works, David Umahi has flagged off the demolition of buildings on the right of way of the Lagos-Calabar Coastal Road. The demolition exercise began at the Mani Chula Beach, Oniru Waterfront on Saturday. The minister said compensation...

April 27, 2024 No Responses

Tinubu Appoints Jim Ovia As Chairman Education Loan Fund

President Bola Tinubu has appointed renowned banker and businessman, Mr. Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Ovia is the founder of Zenith Bank Plc and an alumnus of Harvard Business School and...

April 26, 2024 No Responses

Netherlands To Invest $250m In Nigeria

Prime Minister of Netherlands, Mark Rutte has announced $250 million fresh investments in Nigeria. The Prime Minister made the announcement during a meeting with Nigeria’s President Bola Tinubu, who is currently undertaking a three-day visit to t...