Federal – Page 5 – City Business News

September 23, 2025 No Responses

NIWA To Revive Oguta River Port

The National Inland Waterways Authority (NIWA) has commenced the process of reviving the Oguta River Port in Imo State.The Managing Director of the National Inland Waterways Authority, Mr Bola Oyebamiji, FCIB, disclosed this in a meeting with the Technical Team...

September 22, 2025 No Responses

Nigeria Revokes 1,263 Mineral Licences

The Minister of Solid Minerals Development, Dr Dele Alake, has approved the revocation of 1,263 mineral licences over default in payment of annual fees.Alake gave the approval in a statement by his Special Assistant on Media, Segun Tomori, on Sunday...

September 22, 2025 No Responses

Customs, Manufacturers Set New Agenda For Engagements

The Comptroller-General of Customs, Adewale Adeniyi, has emphasised the need for the Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) to build a lasting friendship and partnership through a deeper understanding of their respecti...

September 21, 2025 No Responses

EFCC, Korean Police Sign MoU On Tackling Financial Crimes

The Economic and Financial Crimes Commission, EFCC and the National Office of Investigation, Korean National Police Agency, KNPA, have signed a Memorandum of Understanding, MoU, on tackling economic and financial crimes and strengthening institutional capaciti...

September 19, 2025 No Responses

FG, States, LGs Share N2.35 Trillion

The Federal Government, states, and local Government Councils (LGs) have shared N2.25 trillion from the federation account as revenue for August.The disbursement was made during the Federation Account Allocation Committee (FAAC) meeting held in Abuja on Tuesda...

September 18, 2025 No Responses

Airline Operators Laud Tinubu For Suspending 4% Import Levy

THE Airline Operators of Nigeria (AON) has commended President Bola Tinubu for suspending the four per cent Free on Board (FoB) levy on imports.AON also praised the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, for...

September 18, 2025 No Responses

Tin Can Island Customs Attains N159b Revenue In August

The Tin Can Island Customs Command has attained a landmark revenue of ₦159 billion for August, 2025.This disclosure was made by Area Controller of the command, Comptroller Frank Onyeka, during the decoration ceremony of newly promoted officers.Comptroller On...

September 16, 2025 No Responses

DMO Allots N3.05b FGN Bond

The Debt Management Office (DMO) has announced the allotment of the September 2025 FGN Savings Bonds totaling ₦3.05 billion across the two-year and three-year tenors.The bonds were issued at ₦1,000 per unit, with a minimum subscription requirement of ₦5,...

September 16, 2025 No Responses

Customs Automates Overtime Cargo Clearance

As part of measures to decongest Seaports and boost transparency, the Nigeria Customs Service (NCS) has unveiled automated system for clearing overtime cargo.According to the NCS,consignees can now apply for an additional 90-day extension, as provided by Secti...

September 15, 2025 No Responses

FRSC Redeploys Four ACMs, Sector Commanders, Others

The Corps Marshal, Federal Road Safety Corps (FRSC), Shehu Mohammed, has approved the posting of senior officers, including a new Corps Secretary, four other Assistant Corps Marshals (ACM) with strategic portfolios, as well as Sector Commanders (CC) across sev...

September 13, 2025 No Responses

IGP Tasks Border Patrol Commanders On Security

The Inspector-General of Police, Dr Kayode Adeolu Egbetokun, has challenged Border Patrol Commanders across the country to discharge their duties with renewed determination.The IGP described Border Patrol Commanders as the nation’s first line of defence agai...

September 12, 2025 No Responses

NPA Deploys Electronic Barrier System At Terminals

As part of ongoing efforts to enhance operational efficiency and improve traffic management within the Lagos Port Complex (LPC), the Nigerian Ports Authority (NPA), under the leadership of Managing Director Dr. Abubakar Dantsoho, has successfully implements th...

September 11, 2025 No Responses

Nigeria Targets $60b Gas Expansion

Nigeria is targeting $60billion investments over the next five to seven years to expand gas infrastructure, Mr Bayo Ojulari, Group Chief Executive Officer, the Nigerian National Petroleum Company Limited (NNPCL) has disclosed.Addressing a global audience from ...

September 9, 2025 No Responses

TUC Threatens Nationwide Strike

The Trade Union Congress of Nigeria (TUC) has threatened to embark on a nationwide strike if the Federal Government fails to withdraw its proposed five per cent tax on petroleum products.Mr Festus Osifo, TUC President General, said this in a...