Federal – Page 49 – City Business News

February 19, 2024 No Responses

Tanker Drivers Begin Strike

The Petroleum Tanker Drivers arm of the Nigerian Association of Road Transport Owners (NARTO) has directed all its members to withdraw their petroleum trucks from product-loading activities starting Monday, February 19, 2024. The development follows the association’s request for oil...

February 19, 2024 No Responses

Scrap NSCDC, FRSC, Enang Tells Tinubu

To successfully establish State Police, Senator in the 7th National Assembly, Senator Ita Enang, has advised President Bola Tinubu to abolish the Nigeria Security and Civil Defence Corps (NSCDC) and incorporate the Federal Road Safety Corps (FRSC) with the Nig...

February 18, 2024 No Responses

FG Harps On Renewable Energy Transport System

The Federal Ministry of Transportation has made significant technological advancements aimed at promoting environmentally and economically sustainable transportation solutions nationwide. The Minister of Transportation, Saidu Alkali, made this declaratio...

February 16, 2024 No Responses

DMO Offers N2.5trillion FGN Bonds For Subscription

The Debt Management Office has offered two Federal Government of Nigeria bonds valued at N2.5 trillion for subscription at N1,000 per unit. The first offer is a seven-year bond valued at N1.25 trillion and expected to mature in February 2031....

February 16, 2024 No Responses

Nigerian Shipping And Port Economic Regulatory Agency Bill 2023 Passes Second Reading

As part of the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola’s Key Performance Indicator (KPI) for the year 2024, as signed in the performance bond by agencies, the Bill which seeks to repeal the Nigerian Shippers’ Council...

February 16, 2024 No Responses

Senate Passes N5.079trn 2024 Customs Budget

The Senate on Thursday, February 15, passed the sum of N5.079 trillion as the 2024 budget for the Nigeria Customs Service (NCS). The approval followed the adoption of recommendations of the Senate Committee on Customs, Excise, and Tariffs at plenary....

February 14, 2024 No Responses

Reps Probe N6.57trillion Allocation To States, LGAs In 2023

The House of Representatives has urged its Committees on Special Duties, National Planning, and Economic Development to investigate the utilization of increased allocations disbursed to state governments by the Federal Account Allocation Committee (FAAC). This...

February 13, 2024 No Responses

PDP Govs Insist On State Police

State Governors elected on the platform of the Peoples Democratic Party (PDP), on Monday, restated their position on state policing, as the solution to the country’s worsening security situation. The governors who spoke in Abuja also decried the free fall...

February 10, 2024 No Responses

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...

February 10, 2024 No Responses

USCG To Partner NIMASA On Removal Of COE

The United States Coast Guard USCG, has offered Nigeria a three-year plan to work with the Nigerian Maritime Administration and Safety Agency, NIMASA for the removal of the Condition of Entry (CoE), placed on American-bound vessels from Nigeria. Cdr. Jul...

February 9, 2024 No Responses

Abducted Passengers Of GIG, ABC Transport Buses Regain Freedom

All the 14 passengers of God Is Good (GIG) Motors and ABC Transport on Thursday finally regained freedom from their abductors in Kogi. SP Williams Ovye-Aya, Kogi Police Command’s Public Relations Officer, who confirmed their release to the News Agency...

February 9, 2024 No Responses

NLC, TUC Issue 14-Day Ultimatum

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have issued a 14-day ultimatum to the Federal Government over the non-implementation of the 16-point agreement both parties reached after the removal of the petrol subsidy. In a statement...

February 8, 2024 No Responses

Royal Father To FG: Regulate Foodstuffs Prices To Reduce Suffering

OBA Rafiu Balogun, the Elejirin of Ejirin Kingdom in Epe, Lagos State, has called on the Federal Government to regulate prices of foodstuffs and other household commodities. Balogun said that the measure would reduce the suffering of poor Nigerians. The...

February 7, 2024 No Responses

Ministers, CBN, FIRS Pledge To Address High Cost Of Living

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr Olayemi Cardoso, the Governor of...