Federal – Page 72 – City Business News

June 3, 2023 No Responses

NLC: COMMUNIQUE AT THE END OF AN EMERGENCY NEC MEETING HELD ON FRIDAY, 2ND OF JUNE, 2023

On Monday, the 29th day of May, 2023 the President of the Federal Republic announced during his inaugural speech the withdrawal of Subsidy on Premium Motor Spirit (PMS) in Nigeria. Consequently, the price of the product which is central to transportation...

June 2, 2023 No Responses

David Isiavwe: Nigeria Needs More Investment In Infrastructure To Support Electronic Payment Systems

Cybersecurity expert, Dr. David Isiavwe says despite the gains of the cashless policy in Nigeria, implementation is challenged due to inadequate critical infrastructure to support electronic payment systems, particularly in rural areas. Dr. Isiavwe, who ...

June 1, 2023 No Responses

Tinubu Appoints Gbajabiamila Chief of Staff

The current Speaker of the House of Representatives, Femi Gbajabiamila, has been appointed Chief of Staff to President Bola Ahmed Tinubu. By this appointment, he has been effectively removed from the upcoming 10th National Assembly. Gbajabiamila, who secured a...

June 1, 2023 No Responses

NNPCL Confirms Petrol Pump Price Increase

The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil firm, in a statement signed...

May 31, 2023 No Responses

NLC To Tinubu: Don’t Remove Fuel Subsidy Without Consultations

By Moses Ebosele, ebosele@hotmail.com The Nigeria Labour Congress (NLC) has cautioned President Bola Tinubu against removing fuel subsidy without adequate measures to cushion the effect on workers and Nigerians. In a statement on Tuesday, NLC Preside...

May 31, 2023 No Responses

Fuel: Price Hits N520 In Edo, Delta

Fuel pump price is now between N400 and N500 in Edo and Delta, as long queues on Tuesday morning, resurfaced in the few filling stations opened for business. The News Agency of Nigeria (NAN) reports that the sudden hike in...

May 30, 2023 No Responses

Tinubu, Atiku, Obaseki, PDP, Others Mourn Dokpesi

Tributes have continued to pour in for Chief Raymond Dokpesi, a chieftain of the Peoples Democratic Party (PDP) and founder of DAAR Communications Plc, who died in Abuja on Monday. The family of Dokpesi confirmed the death of the media...

May 30, 2023 No Responses

Tinubu To Adopt Price Control Mechanism For Agro Products

President Bola Ahmed Tinubu has pledged to ensure price control for agricultural products. Tinubu said this in his inaugural address after he was sworn in as the 16th democratically elected president of Nigeria on Monday in Abuja Tinubu said rural...

May 29, 2023 No Responses

Tinubu’s Inauguration Takes Centre Stage

President-Elect, Bola Ahmed Tinubu will be sworn in as Nigeria’s president on Monday, May 29, 2023. Tinubu is expected to quickly improve economic and security conditions, which many alleged worsened under his predecessor Muhammadu Buhari. Ti...

May 28, 2023 No Responses

BUHARI’s FAREWELL SPEECH

My fellow Nigerian brothers, sisters and friends of Nigeria… I address you today, in my last assignment as a democratically elected President of our great and well-endowed nation, with a deep sense of gratitude to God, a great deal of...

May 26, 2023 No Responses

Allotments For FGN Savings Bonds Hit N5.06b

FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023, the Nigerian Exchange Limited (NGX) has revealed. The Divisional Head, Capital Markets at NGX, Jude Chiemeka, made this known during the NGX Savings Bond webinar...

May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was....

May 23, 2023 No Responses

Oil Extends Gains On Higher Demand

Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains. Reuters...

May 21, 2023 No Responses

NIMASA DG At El-Rufai’s Book Launch, Lauds Performance In Office

The Director General Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, on Saturday commended the Governor of Kaduna State, Malam Nasir El Rufai for the people oriented projects executed during his tenure as Kaduna State Governor. &...