Federal – Page 83 – City Business News

July 28, 2022 No Responses

FG Approves N800m To Purchase Vehicles For NDLEA

The Federal Executive Council (FEC) on Wednesday approved N800 million for the procurement of 32 operational vehicles for the National Drug Law Enforcement Agency (NDLEA). Minister of Information and Culture, Alhaji Lai Mohammed, made this known while briefing Journalists at...

July 27, 2022 No Responses

Presco Shareholders Get N7.5b Dividend For 2021

By Moses Ebosele, ebosele@hotmail.com — For the financial year ended December 31, 2021, shareholders of Presco Plc, on Wednesday, approved payment of 660kobo per share final dividend, amounting to N6.6Billion. This brought the tota...

July 27, 2022 No Responses

FRSC Warns Motorists Against Speeding On Lagos-Ibadan Expressway

The Federal Road Safety Corps (FRSC) Ogun Command has warned motorists against speeding as part of measures to further reduce accidents on the Lagos-Ibadan Expressway. FRSC Sector Commander, Mr Ahmed Umar, gave the warning in an interview with the News.....

July 27, 2022 No Responses

Reps Amend CBN Act To Stop Governor From Partisan Politics

The House of Representatives has passed a bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Rep. Sada Soli, the sponsor of the Bill at...

July 27, 2022 No Responses

FRSC Laments Cases Of Unclaimed Corpses

The Federal Road Safety Corps (FRSC) has decried the rising cases of unclaimed corpses of accident victims. Worried by the development, the FRSC has advised road transport workers on the importance of maintaining traveller manifest at motor parks for e...

July 27, 2022 No Responses

Economist Implores Investors On Taking Position

A Professor of Capital Market, Prof. Uche Uwaleke, has advised investors interested in the equities market to buy stocks in September and sell in January 2023 to reduce the impact of electioneering activities on investment. Professor Uwaleke gave the ad...

July 26, 2022 No Responses

Buhari Nominates Four Non-Executive Directors Of CBN

President Muhammadu Buhari has nominated four persons for appointment as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN).This is contained in a letter dated July 21 and read at Tuesday’s plenary by Senate President, Ahmad Lawan.Buha...

July 26, 2022 No Responses

NLC To FG: Resolve ASUU Strike Or Face Total Strike

Chairman of the Nigeria Labour Congress (NLC), Cross River Council, Mr Ben Ukpepi on Tuesday disclosed that the union would embark on a total strike if the Federal Government failed to resolve the lingering issues with the Academic Staff Union...

July 26, 2022 No Responses

NLC Protest: LASG Urges Motorists To Remain Calm, Receives Letter From Protesters

The Lagos State Government has urged motorists to remain calm despite the protest rally of the Nigeria Labour Congress (NLC) in Ikeja and its environs. The Commissioner for Transportation, Dr Frederic Oladeinde made this known in a statement issued in...

July 26, 2022 No Responses

NIMASA Inaugurates Expert Team On Maritime Security, Strategy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has inaugurated the Expert Level Planning Team (ELPT) of the Agency to draft the National Maritime Security Strategy (NMSS) to sustain the Agency’s succe...

July 26, 2022 No Responses

Buhari Appoints Biu As Acting FRSC Corps Marshal

President Muhammadu Buhari has approved the appointment of Mr Dauda Biu, as the Acting Corps Marshal of the Federal Road Safety Corps (FRSC), following the retirement of Mr Boboye Oyeyemi. Oyeyemi said this when he handed over to Biu at...

July 25, 2022 No Responses

Nigeria Customs Service Hails Modernisation Project Court Judgment

The Nigeria Custom Service (NCS) said on Sunday that it would immediately commence its modernisation plan following the vacation of an interim order earlier placed on it by a Federal High Court in Abuja. The order vacated on Friday by...

July 23, 2022 No Responses

FG Reaffirms Nigerian Shippers’ Council As Port Economic Regulator

The Permanent Secretary, Federal Ministry of Transportation, Dr Magdalene Ajani, on Friday reiterated that the Nigerian Shippers’ Council (NSC) remained the only port economic regulator. Ajani made the pronouncement at the sensitisation seminar with th...

July 21, 2022 No Responses

FEC Approves N7.4b For Irrigation, Aviation Equipment

The Federal Executive Council (FEC) has approved a contract worth N6 billion as augmentation for the Chochi irrigation project in Adamawa as well as N1.4billion for procurement of aviation equipment. Ministers of Water Resources, Sulieman Adamu, and Aviation...