Federal – Page 54 – City Business News

February 21, 2024 No Responses

Smuggling: FG Uncovers 32 Illegal Routes

The Federal Government has uncovered 32 routes through which food items are smuggled out of Nigeria. The Vice President, Kashim Shettima, made the revelation on Tuesday while presenting his address at a conference on Public Wealth Management held in Abuja....

February 21, 2024 No Responses

Customs To Distribute Seized Food Items

The Nigeria Customs Service (NCS) is to distribute some seized food items nationwide as the biting food crisis continues in the country. According to the National Public Relations, CSC Abdullahi Maiwada, the food items will be distributed after they...

February 21, 2024 No Responses

NARTO Suspends Strike

The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. National President of NARTO, Othman Yusuf, directed members to immediately resume petroleum loading activities after a meeting held in Abuja. The meeting was...

February 20, 2024 No Responses

FG, Cement Manufacturers Peg Price At N7,000-N8,000 Per Bag

The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide.Briefing Journalists on Monday in Abuja after a meeting with major cement manufacturers, Ministe...

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 associ...

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...