Federal – Page 70 – City Business News

March 26, 2023 No Responses

Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) reports. The apex bank had on Thursday confirmed...

March 24, 2023 No Responses

NPA Remittance To Federation Account Hits N91b

The Nigerian Ports Authority (NPA) remittances to the Consolidated Revenue Account (CRA) of the Federal Government have increased from N80 billion to N91 billion in the last one year. The increase in remittance is coming amidst low Importation into the...

March 23, 2023 No Responses

Buhari Wishes Muslim Faithful Happy Ramadan

President Muhammadu Buhari has sent best wishes to Muslims as they commence 30 days of Ramadan fasting, urging that they use the season “to project the best and finest virtues of Islam by personal conduct, and not precept.” In a...

March 22, 2023 No Responses

CBN Disburses N12.65b Agric Intervention Fund

The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read t...

March 22, 2023 No Responses

Experts’ Caution Against Interest Rate Benchmark At 18%

A financial expert, Dr Tunde Adeoye, says increasing Monetary Policy Rate (MPR) from 17.5 per cent to 18 per cent by Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) can lead to a prolonged downturn in economic activities....

March 18, 2023 No Responses

EFCC Steps Up Action Against Vote Buying, Deploys Teams

The Economic and Financial Crimes Commission (EFCC) has deployed its personnel across the states where Governorship and State Assembly elections will take place on Saturday. The EFCC Spokesperson, Wilson Uwujaren, said this in a statement on Friday i...

March 18, 2023 No Responses

FIRS, UK Sign Capacity Building MoU

Nigeria’s Federal Inland Revenue Service (FIRS) has signed a Memorandum of Understanding (MoU) with the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) aimed at fostering improved collaboration on capacity building between the two tax aut...

March 16, 2023 No Responses

FEC Approves N15b For Road Linking 2nd Niger Bridge, €3.7m For Power

The Federal executive Council has approved N15 billion for the construction of an access road linking the Benin-Asaba expressway to the second Niger bridge. Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this when he briefed State House co...

March 16, 2023 No Responses

NPA Receives 12 Ships With Petroleum Products, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday said 12 ships conveying petroleum products and other goods were expected at Lagos ports from March 15 to March 23, 2023. NPA listed items on board as bulk sugar, frozen fish, general cargo,...

March 10, 2023 No Responses

FG Urges States To Prioritise Water Safety Plans

The Federal Ministry of Water Resources has urged State Governments to prioritise water safety plans at all times, so as to reduce contamination from point of production to consumption. Mrs Abosede Orimoloye, Assistant Director, Water, Sanitation and Hygiene C...

March 6, 2023 No Responses

Nigeria, India Sign MoU On Meteorological Science Research

Nigeria and India have signed a Memorandum of Understanding (MoU) on collaboration in the conduct of meteorological science, technical research and development. A statement issued on Sunday by Mr James Odaudu, the Special Assistant on Public Affairs...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...

February 25, 2023 No Responses

IRI, NDI Task Nigerians On Peaceful Elections

The Joint National Democratic Institute (NDI) and the International Republican Institute (IRI) Election Observation Mission have called on Nigerians to shun violence for peaceful polls . IRI and NDI in a statement on Friday said: “We strongly condemn t...

February 23, 2023 No Responses

Buhari To Candidates: Respect Choice Of Voters, Accept Outcome Of Elections

President Muhammadu Buhari has urged candidates contesting elections at all levels to respect the choice of voters and accept the result of the elections as announced by the Independent National Electoral Commission (INEC). The president made the call wh...