Federal – Page 71 – City Business News

February 22, 2023 No Responses

Oil Theft: Presidential Panel Urges Stiffer Penalties

The Federal Government’ Special Investigative Panel on Oil Theft/Losses has called for deliberate conversations to drive legal reforms that would provide stiffer penalties. The Chairman of the Panel, retired Maj.-Gen. Barry Ndiomu, made the call in his address of welcome...

February 21, 2023 No Responses

FG Gives Conditions For Renewal Of Ports Concession

Companies seeking renewal of ports concession agreements must show satisfactory evidence of performance, meet key performance indicators and other obligations incumbent on them. The Minister of Transportation, Mr Mu’azu Sambo said this during an offici...

February 21, 2023 No Responses

Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure. The minister, in a statement on Monday by his Senior Adviser, Media and Communica...

February 17, 2023 No Responses

NAVY ARREST VESSEL, HANDS OVER TO NIMASA

The Nigerian Navy has handed over a Tanker vessel “MT Sea Eunice” which was arrested on August 11, 2022 to the Nigerian Maritime Administration and Safety Agency (NIMASA). The vessel is presently located along Escravos River, close to the...

February 16, 2023 No Responses

FEC Approves Electronic Cargo Tracking Scheme

The Federal Executive Council (FEC) has approved the introduction of an Electronic Cargo Tracking Note Scheme for the country. Briefing Journalists at the end of the Council meeting presided over by President Muhammadu Buhari on Wednesday in Abuja,&...

February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation. Niger Delta Coordinator, Artisanal Fishermen Associa...

February 13, 2023 No Responses

Catholic Bishops Seek Cash Policy Review

President Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Ugorji, on Sunday urged the Federal Government to review the new cash policy to ease the hardships it has caused Nigerians. Ugorji made the appeal at the opening of the...

February 10, 2023 No Responses

CBN Attributes Scarcity Of New Naira Notes To Hoarding

Hoarding of the new Naira notes is responsible for its scarcity, the Central Bank of Nigeria (CBN) has said. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa L...

February 10, 2023 No Responses

Photo News

Pull Out Parade Of Deputy Corps Marshal, Dr Kayode Olagunju (Left) And Wife, Seun Olagunju On Thursday In Abuja

February 10, 2023 No Responses

FG Approves 67 New Broadcast Stations

President Muhammadu Buhari has approved operational licenses for 67 new broadcast outfits, the National Broadcasting Commission (NBC), said on Thursday in Abuja. NBC Director-General Balarabe Ilelah disclosed this while briefing Journalists on the scorec...

February 8, 2023 No Responses

NNPCL Begins Direct Supply Of Petrol To IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday disclosed that the management of the Nigerian National Petroleum Company Ltd. (NNPCL) has allocated petrol to its members directly to ease scarcity. Mr Chinedu Okoronkwo, the N...

February 8, 2023 No Responses

Korean Envoy Harps On African Continent’s Blue Economy Potentials

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong, who made the assertion during a courtesy cal...

February 4, 2023 No Responses

Group Urges CBN Governor To Resign

A group of Concern Citizens of Sokoto State (CCSS) has urged Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), to resign within 72 hours or face legal action. The group made the call in a letter dated...

February 3, 2023 No Responses

FRSC Promotes 3,628, Appoints Two DCMs

The Federal Road Safety Corps (FRSC) has announced the promotion of 3, 628 marshals and appointment of two Deputy Corps Marshals (DCMs). A statement issued on Thursday by the Corps Public Education Officer, Assistant Corps Marshal, Bisi Kazeem...