Federal – Page 45 – City Business News

June 1, 2024 No Responses

Oil Exploration To Begin In Ogun

The Nigerian National Petroleum Corporation Limited (NNPCL) is to begin oil and gas exploration in Ogun State. Under the arrangement, the State Government has received a delegation from the Federal Government in Abeokuta, the state capital. On Friday, the state governor,...

June 1, 2024 No Responses

Labour Declares Strike Over Minimum Wage, Electricity Tariff Hike

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have declared a nationwide strike beginning from Monday, June 3rd, 2024 over the tripartite committee’s inability to agree on a new minimum wage and hike in electricity tariff. The Presid...

May 31, 2024 No Responses

Dana Air CEO Meets Aviation Minister, Hints On Fresh Investment, New Fleet of Aircraft

Dana Air has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.The CEO of Dana Air, Jacky Hathiramani disclosed this in Abuja during a crucial meeting with the Honorable Minister of Aviation and...

May 31, 2024 No Responses

AEDC To Disconnect All Debtors

The Abuja Electricity Distribution Company (AEDC) is notifying all customers with outstanding bills to settle their accounts immediately to avoid service disruption.To this end, customers who are yet to settle their outstanding bills within the next 72 hours, ...

May 31, 2024 No Responses

Tinubu To Unveil NASENI Kia Portland Facility For Hybrid, CNG Vehicles

On Friday, May 31, 2024, President Bola Ahmed Tinubu is to commission the National Agency for Science and Engineering Infrastructure (NASENI) Kia Portland facility for Kia Hybrid and Compressed Natural Gas (CNG)Vehicles in Utako, Abuja.This facility is set to ...

May 31, 2024 No Responses

Committee Seeks Exception Of Manufacturers, Farmers From Withholding Tax

As part of measures to reduce tax burden on businesses, the Presidential Committee on Fiscal Policy and Tax Reforms has proposed an exemption of manufacturers and farmers from paying withholding tax. Chairman of the Committee, Taiwo Oyedele di...

May 31, 2024 No Responses

Reps Query NIPC Over N3.15b Expenditure

The House of Representatives has queried the Nigerian Investment Promotion Commission (NIPC) for recording an expenditure of N3.15 billion, despite submitting a revenue of N2.89 billion in the first quarter of 2024. The law makers issued the query on Thursday....

May 30, 2024 No Responses

FG Commissions CNG Plant In Lagos

In its continued efforts to provide alternative source of fuel for Nigerians and lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant...

May 30, 2024 No Responses

Tinubu Inaugurates N10b Ibeno Bridge

President Bola Ahmed Tinubu has applauded the Niger Delta Development Commission, NDDC, as he inaugurated the N10 billion Iko-Atabrikang-Opolom-IwuoAchang Road project, which includes the 600-meter Ibeno Bridge, in Ibeno Local Government Area of Akwa Ibom Stat...

May 30, 2024 No Responses

FRSC Produces 3.56m Number Plates

The Federal Road Safety Corps (FRSC) produced a total of 3,563,759 number plates for motor vehicles and motorcycles between 2020 and 2022. According to the National Bureau of Statistics (NBS), FRSC produced number plates for motor vehicles tot...

May 29, 2024 No Responses

Dosunmu Canvasses Support For LG Autonomy

Former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) and public policy analyst, Dr. Ade Dosunmu has described the proposal by the Federal Government to grant full autonomy to the local governments in Nigeria as a welcome develop...

May 28, 2024 No Responses

Keyamo: Nigeria Air Remains Suspended Indefinitely

The Nigeria Air project remains suspended indefinitely, Minister of Aviation and Aerospace Development, Festus Keyamo, declared on Monday. Reeling out the achievements of the aviation sector at the 3rd ministerial updates on in Abuja, Keyamo s...

May 27, 2024 No Responses

Reps Committee Harps On Shipping Bill Benefits To Maritime Industry

When passed into law, the Nigerian Shipping and Port Economic Regulatory Agency Bill will curb arbitrary charges and other illegality from operators in the nations maritime industry, the House Committee on Shipping Services and Related Matters, reiterated on M...

May 27, 2024 No Responses

NSIB Investigates Train Derailment At Jere

By citybusinessnews@yahoo.com – The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into a train derailment that occurred May 26, 2024, at Jere Station, involving the passenger train KA2/loco 2702 en route to Idu Station, Abu...