Federal – Page 60 – City Business News

December 2, 2023 No Responses

Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade

The Nigerian Shippers’ Council (NSC) has reiterated its commitment to work with the management of Lekki Deep Seaport as part of measures to promote seamless movement of cargoes. The Executive Secretary and Chief Executive Officer of NSC, Barr. Pius Akutah said ensuring seamless...

December 1, 2023 No Responses

FRC Slams N500m Fine On NIMASA Over Financial Report

The Financial Reporting Council of Nigeria (FRC), has fined the Nigerian Maritime Administration and Safety Agency’s (NIMASA), the sum of N500 million over misstatement in its audited financial statements for the year ended December 31, 2018. According to FR...

November 30, 2023 No Responses

Lagos Seeks Collaboration With African Leaders On Continent’s Investment Potentials

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has charged African leaders, policymakers, intellectuals and all Africans, to initiate strategies that will deliver balanced and equitable development that leaves no one behind. The Governor made this call a...

November 29, 2023 No Responses

Oyetola Woos Brazil, Jamaica, To Sign MoU With Saudi Arabia

The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in lear...

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 Framew...

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...