Federal Archives — Page 39 of 138

August 21, 2023 No Responses

$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu

President Bola Tinubu is happy that the $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange market. The NNPC Limited...

August 18, 2023 No Responses

TotalEnergies Equips LNG Carrier With Carbon Capture System

A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been installed on an LNG-powered LNG carrier owned by energy major, TotalEnergies while in drydock in Spain. The carbon capture unit was built in the Netherlands by carbon...

August 18, 2023 No Responses

FG Approves 5b Palliative For Each State, FCT

The Federal Government has approved N5billion for each state and the Federal Capital Territory (FCT) to procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State disclosed this at the Presidential Villa,...

August 18, 2023 No Responses

Transcorp Acquires 60% Stake In Abuja Disco

As part of measures to further consolidates its position and investments in the Nigerian power sector, Tony Elumelu-led Nigerian conglomerate, Transcorp Group, has successfully acquired a 60-per cent stake in the Abuja Electricity Distribution Company (AEDC), ...

August 17, 2023 No Responses

Tinubu’s Ministers, Portfolios

President Bola Tinubu, on Wednesday, assigned portfolios to 46 Ministers designate cleared recently by the Senate. The list, released in a statement included former Rivers State governor Nyesom Wike as Minister of Federal Capital Territory (FCT) and Festu...

August 16, 2023 No Responses

Nigeria Denies fresh Agenda To Reintroduce Fuel Subsidy

President Bola Tinubu has no plans to reintroduce any form of fuel subsidy or reverse the deregulation policy, the Federal Government declared on Tuesday. The clarification is contained in a tweet issued by the Senior Special Assistant to the President.....

August 12, 2023 No Responses

Gas Retailers Task FG On More LPG Local Production

THE Liquefied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, and encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman...

August 11, 2023 No Responses

ECOWAS To Assemble ‘Standby Force’ Over Political Crisis In Niger

The Economic Community of West African States (ECOWAS) has approved armed intervention in Niger Republic “as soon as possible”. The President of ECOWAS, Omar Alieu Touray, made this announcement while presenting the ECOWAS resolutio...

August 11, 2023 No Responses

Tinubu’s Speech At ECOWAS Extraordinary Summit On Niger Republic

Your Excellency, the President of the ECOWAS Commission; Your Excellency, President of the African Union Commission; Your Excellency, President of the UEMOA Commission; The Special Representative of the Secretary General of the United Nations in...

August 10, 2023 No Responses

Committee Projects FIRS As Sole Revenue Collection Agency For FG

Barring last-minute adjustment, a proposal by the Presidential Committee on Tax Policy and Fiscal Reforms may stop about 63 Ministries, Department and Agencies (MDA) from collecting revenue on behalf of the Federal Government. Some of the agencies are the Nige...

August 9, 2023 No Responses

NPA Partners Agencies On Accelerated Import, Export

The Nigerian Ports Authority (NPA) is working closely with other government agencies such as Customs, Shippers’ Council and Nigerian Maritime Administration And Safety Agency (NIMASA) to ensure that imports and exports are cleared out of the port f...

August 8, 2023 No Responses

Nigeria To Remove Taxes On Tomatoes, Raw Food Items

The Federal Government will soon end taxes on tomatoes and other raw food items, Chairman, Joint Tax Board (JTB), Mr Muhammad Nami, disclosed on Monday. Nami stated this on Monday at the 153rd JTB meeting with theme: “Harmonisation and codification...

August 8, 2023 No Responses

Hard But Necessary Reforms, Imperative To Ramp Up Tax Revenues, Says Muhammad Nami, Chairman Joint Tax Board

For Nigeria to attain optimum tax revenue collection capacity across the Federal, States and Local Government tax authorities, the country must make hard but necessary reforms that would yield long term benefits. This was the position stated by the Chairman...

August 8, 2023 No Responses

NAFDAC Gazettes Two Regulations On Fat, Oil

THE National Agency for Food and Drug Administration and Control (NAFDAC) says the body has gazette the reviewed Fats, Oil and Food containing Fats and Oil Regulation 2022, in a bid to safeguard the health of Nigerians. Prof. Mojisola Adeyeye...