Federal – Page 55 – City Business News

November 28, 2023 No Responses

FEC Approves N27.50trillion Budget For 2024

The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion, with a N1.5 trillion increase from the earlier estimated bill. The government had proposed N26.2 trillion but reviewed the Medium Term Expenditure Framework (MTEF) after it was recently...

November 28, 2023 No Responses

Maida Urges Nokia To Invest In Nigeria’s ICT R&D

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Informat...

November 24, 2023 No Responses

Blue Economy: Heads Of Agencies Sign Performance Bond

Heads of agencies of the newly created Federal Ministry of Marine and Blue Economy, on Thursday, signed a Performance Bond with the Minister, Adegboyega Oyetola. This was revealed by the minister’s spokesperson, Ismail Omipidan, via his X handle. Accordi...

November 24, 2023 No Responses

Kogi Freezes All State, Local Govt Accounts

The Kogi State Governor, Yahaya Bello, has ordered an immediate freezing of all the accounts of the state and local governments with immediate effect. This development is contained in a statement signed by the Kogi State Commissioner for Finance, Asiwaju...

November 23, 2023 No Responses

Minister Tasks NPA, NIMASA, NSC, Others On Performance Bond

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Wednesday, charged heads of agencies within the ministry to work assiduously to realise their deliverables as captured in the Performance Bond signed by him.He noted that the e...

November 22, 2023 No Responses

Nigeria Revokes 1,633 Mining Licenses

The Federal Government of Nigeria, through the Minister of Solid Minerals Development, Mr Dele Alake, has announced the revocation of mineral titles of 1,633 holders with a stern warning to the former title holders to vacate the relevant cadastre immediately.....

November 22, 2023 No Responses

Blue Economy: Minister Harps On PPP, Support For Indigenous Ship Owners

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday said the ministry is set to embrace the Public-Private Partnership (PPP) models to transform the sector. According to the Minister, the initiative will not in any way impede the...

November 22, 2023 No Responses

FG To Shipping Firms: Reconcile Tax Books With FIRS Before Dec 31

The Nigerian Government has directed all international shipping companies operating in the country to reconcile their books with the Federal Inland Revenue Service (FIRS) before December 31, 2023. Chairman of the Federal Inland Revenue Service, Zacch Adedeji w...

November 22, 2023 No Responses

CIBN, NGX Forge Partnership To Boost Nigerian Financial Market

The Chartered Institute of Bankers of Nigeria (CIBN) said it would deepen its existing partnership with the Nigerian Exchange Limited (NGX) to further enhance the growth and development of the Nigerian financial market. The President/Chairman, Council of CIBN...

November 21, 2023 No Responses

Blue Economy: NIMASA, Nigerian Navy Inaugurate Joint Committee

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Navy have inaugurated a committee to establish ways in which the synergy between both organs of government can be channeled into creating a welcoming environment for investment in...

November 20, 2023 No Responses

Obaseki Decries Persistent Inflation, Dollarization 0f Nigeria’s Economy

The Edo State Governor, Mr. Godwin Obaseki, has decried the surge in inflation and the dollarization of the nation’s economy. Obaseki spoke while delivering his keynote address at the Delta State Executive Retreat 2023 with the theme, “Delivering the M.O.R...

November 17, 2023 No Responses

Senate Confirms Maida As NCC Executive Vice Chairman

The Senate has confirmed the appointment of Dr. Aminu Maida as the substantive Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC). Maida was confirmed Thursday in Abuja by the Senate during its plenary session w...

November 15, 2023 No Responses

NNPC Tasks Stakeholders On Diversified Energy Portfolio

The Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPC Ltd), Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave...

November 14, 2023 No Responses

Nationwide strike: Presidency Faults NLC, TUC

The nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) an abuse of privilege, the presidency has said. The Presidency in a statement issued by the Special Adviser to the President on Information and...