Federal Archives — Page 45 of 138

April 2, 2023 No Responses

FG Approves Amendment Of 2022/2023 Deep Offshore Oil Block Bid Round

President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international investors. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) explained in Abuja on Saturday that the...

March 31, 2023 No Responses

Experts Explore 25 Tomato, Pepper Seed Varieties In Nigeria

Agricultural experts at Prime Agro Seed in collaboration with Netherland-based agro solutions firm, PROFYTA, have commenced trial of 25 tomato and pepper seed varieties as part of measures to boost production. Speaking at a seed exhibition event on Frida...

March 30, 2023 No Responses

FEC Approves N95.8b For Ekiti, Ondo Roads

The Federal Executive Council (FEC) has approved N95.8 billion for the dualization of Akure/Ita Ogbolu – Iju/Ado Ekiti road, linking Ekiti and Ondo States. Minister of State for Works and Housing, Umar El-Yakub, stated this at the end of the...

March 30, 2023 No Responses

FG Approves N12.4b NPA Contract With LTT Coastal And Marine Services

The Federal Executive Council (FEC) has considered and approved two memoranda in respect of matters pertaining to the efficient performance of the Nigerian Ports Authority(NPA). Briefing Journalists at the end of the Council meeting chaired by President ...

March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...

March 30, 2023 No Responses

FRCN Secures N383.9m Approval For 13 Vehicles

The Federal Executive Council (FEC) has approved N383.9million for the procurement of 13 operational vehicles for the Federal Radio Corporation of Nigeria (FRCN). Minister of State for Works and Housing, Umar El-Yakub, stated this at the end of the Council...

March 28, 2023 No Responses

Minister Seeks Improved Visa Policy Between Nigeria, Qatar

Minister of Aviation, Sen. Hadi Sirika, has called for an improved visa policy between Nigeria and Qatar. Sirika made the call when the Charge d’Affaires of Qatar in Nigeria, Mr Ahmed Mohammed, paid a courtesy visit to him in Abuja...

March 28, 2023 No Responses

NLNG Begins Inauguration Of Teaching Hospitals In Four States

Nigeria LNG (NLNG) Limited on Monday commenced another round of commissioning of Phase 1 projects in its multi-billion-naira Hospital Support Programme (NLNG HSP) in Lagos, Kano, Bayelsa and Cross River states. A statement issued by Yemi Adeyemi, Acting Manage...

March 28, 2023 No Responses

Bauchi Detects 7,806 Cases Of Tuberculosis

Bauchi State recorded 7,806 cases of tuberculosis in 2022, Dr Sani Mohammad, Executive Secretary, Bauchi State Agency for the Control of HIV/AIDS, Tuberculosis, Leprosy and Malaria said on Monday in Bauchi. He declared at a news conference to mark the...

March 26, 2023 No Responses

Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) reports. The apex bank had on Thursday confirmed...

March 24, 2023 No Responses

NPA Remittance To Federation Account Hits N91b

The Nigerian Ports Authority (NPA) remittances to the Consolidated Revenue Account (CRA) of the Federal Government have increased from N80 billion to N91 billion in the last one year. The increase in remittance is coming amidst low Importation into the...

March 23, 2023 No Responses

Buhari Wishes Muslim Faithful Happy Ramadan

President Muhammadu Buhari has sent best wishes to Muslims as they commence 30 days of Ramadan fasting, urging that they use the season “to project the best and finest virtues of Islam by personal conduct, and not precept.” In a...

March 22, 2023 No Responses

CBN Disburses N12.65b Agric Intervention Fund

The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read t...

March 22, 2023 No Responses

Experts’ Caution Against Interest Rate Benchmark At 18%

A financial expert, Dr Tunde Adeoye, says increasing Monetary Policy Rate (MPR) from 17.5 per cent to 18 per cent by Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) can lead to a prolonged downturn in economic activities....