Federal – Page 57 – City Business News

January 14, 2024 No Responses

10 Corps Members Depart For India On Youth Exchange Programme

Ten National Youth Service Corps (NYSC) members will travel to India on Sunday to participate in a Youth Exchange Programme organised by the Indian National Cadet Corps. The annual programme is held to commemorate the Independence Anniversary of the Republic...

January 13, 2024 No Responses

Dangote Refinery Begins Production

By Moses Ebosele, ebosele@hotmail.com — Dangote Refinery, the largest single-train refinery in the world commenced production on Friday, January 12, 2024. Earlier scheduled to begin operations in June 2023, the oil refinery received its first crude ...

January 13, 2024 No Responses

AVIATION: THE CRITIC AND THE WITCH

By Michael Achimugu — There are a million flowery word combinations I could say to sound like an intelligent person. But today is not a day for semantic gymnastics. The aviation industry can be sobering but we must, here and...

January 12, 2024 No Responses

Ministers Brief Tinubu On $10b Investment Prospects In Nigeria’s Steel Sector

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects...

January 12, 2024 No Responses

Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming

The Nigerian Government has set a target of achieving around 472,000 metric tonnes of wheat production by the end of the dry season wheat farming programme. Mr. Ishaku Buba, the National Project Coordinator for the National Agricultural Growth Sche...

January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...

January 11, 2024 No Responses

Zenith Bank Denies MD’s Arrest

Zenith Bank Plc has refuted claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested and held by the anti-graft agency, the Economic and Financial Crimes Commission, in relation to alleged fraud at the Ministry of Hum...

January 11, 2024 No Responses

Blue Economy: The Role Of Academia, By Jamoh

The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...

January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....

January 9, 2024 No Responses

Emefiele: EFCC To Appeal N100m Fine

The Economic and Financial Crimes Commission (EFCC) is to appeal N100milion fine imposed on it by the Federal High Court, Abuja, over the violation of the rights of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. ...

January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...

January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...

January 8, 2024 No Responses

NDLEA Intercepts Hard Drugs From US

The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of ‘Colorado’, a very strong strain of cannabis, concealed in boxing kits imported from the United States of America. Disclosing this in a statement on Sunday, NDLEA spokesman, ...

January 8, 2024 No Responses

Falana To Betta Edu: Resign For ‘Betraying Nigerians’

Foremost human rights lawyer, Femi Falana, has urged the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to resign for “betraying the confidence reposed in her”. Falana, a Senior Advocate of Nigeria (SAN), in a statement on Sunday, urg...