Federal – Page 78 – City Business News

January 19, 2023 No Responses

NNPC Secures FEC’s Approval To Invest N1.9tri In 44 Federal Roads

The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its...

January 19, 2023 No Responses

FEC Approves N1.4b For 26 Toyota Hilux, Hiace, Others

The Federal Executive Council (FEC) has approved the sum of N1.4 billion for the procurement of vehicles for the hydro-carbon pollution remediation project in Ogoniland, Rivers State. Minister of Environment, Mohammed Abdullahi, disclosed this while brie...

January 19, 2023 No Responses

Buhari Congratulates Jahman Anikulapo At 60

President Muhammadu Buhari has shared the joy of celebrations with a renowned culture and arts advocate, Jahman Anikulapo, who turned 60. In a congratulatory message issued by his Spokesman, Mr Femi Adesina on Wednesday, the president noted that Ani...

January 18, 2023 No Responses

State Governors Invite Emiefele For Meeting Over New Naira Notes

The 36 state governors have invited the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emiefele, for a virtual meeting on Thursday over issues related to the new naira notes introduced by the apex bank. The Head, Media...

January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited, Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...

January 17, 2023 No Responses

Buhari Harps On International Trade, Benefits Of AfCFTA

President Muhammadu Buhari has challenged African countries to expand and diversify their participation in international trade as part of measures to explore the benefits of the African Continental Free Trade Agreement (AfCFTA). Buhari stated this ...

January 17, 2023 No Responses

Emefiele Resumes, Set For First 2023 MPC

The Governor of the Central Bank of Nigeria (CBN), resumed duty at the apex bank’s headquarters in Abuja on Monday after spending his annual leave abroad. The News Agency of Nigeria (NAN) reports that Emefiele had been out of the...

January 16, 2023 No Responses

Onne Customs Generates N242b In 2022

The Nigeria Customs Service (NCS), Onne Area ll Command, generated N242 billion in 2022. In a statement on Sunday, the Customs Area Controller, Auwal Mohammed, explained that the command’s revenue collection had been on the increase since his assumptio...

January 16, 2023 No Responses

Transportation Minister Salutes Gallantry, Bravery Of Armed Forces

Minister of Transportation, Mu’azu Sambo, has paid glowing tribute to the men and women of the Armed Forces, as Nigeria marks the 2023-Armed Forces Remembrance Day. In a statement issued on Sunday by his Special Assistant on Media, Dr Sam...

January 13, 2023 No Responses

Apapa Customs Generates N1.02tri Revenue In 2022

Between January and December, 2022, the Nigeria Customs Service (NCS), Apapa Command, generated N1.02 trillion. The customs area controller, Comptroller Malanta Yusuf, explained on Thursday that the amount was unprecedented in the history of revenue gene...

January 11, 2023 No Responses

Naira Gains by 0.04% At Investors, Exporters Window

The naira on Tuesday exchanged at 461.50 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.04 per cent compared with the 461.67 it exchanged on Monday. The open indicative rate closed at N460.25...

January 10, 2023 No Responses

FG Approves N4.7b For TETFund Research Grants

The Federal Government has approved the sum of N4,736,782,352.21 for the award of 219 research grants to successful participants under the Tertiary Education Trust Fund (TETFund) National Research Fund (NRF) programme for the 2021 grant cycle. This is co...

January 9, 2023 No Responses

FG Condemns Kidnapping Of Train Passengers In Edo

The Federal Government has described the kidnapping of train passengers at Tom Ikimi Train Station, Igueben in Edo as despicable and utterly barbaric. In a statement issued by the Director of Press and Public Relations, Ministry of Transportation, ...

January 8, 2023 No Responses

FRSC Approves New Promotions

The Federal Road Safety Commission (FRSC) has approved the promotion of an Assistant Corps Marshal (ACM) to the rank of Deputy Corps Marshal (DCM) and seven others to ACM. The approval came at the end of the meeting of the...