Federal – Page 85 – City Business News

July 31, 2022 No Responses

ILO Tasks Nigeria On Investments In Social Protection

The International Labour Organisation ( ILO) on Saturday in Abuja charged the Nigerian government to increase investments in social protection to eliminate child labour. Its Country Director in Nigeria, Ms Vanessa Phala, made the call during a Road Walk to commemorate...

July 31, 2022 No Responses

ABCON Urges CBN To Float Naira

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...

July 30, 2022 No Responses

Acting Corps Marshal Warns FRSC Personnel Against Misconduct

The Acting Corps Marshal, Federal Road Safety Corps (FRSC), Mr Dauda Biu, has warned officers and men of the Corps against any form of misconduct in the discharge of their duties. Biu issued the warning in his inaugural virtual meeting...

July 30, 2022 No Responses

NIMASA Board Appoints Three Directors, Promotes 469 Others

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the appointment of three new Directors. A statement on Friday explained that the new directors are Mr Otonye Obom, Captain Sunday Umoren a...

July 30, 2022 No Responses

Buhari Approves Lekki Deep Seaport For Commercial Operations

President Muhammadu Buhari has approved the designation of Lekki Deep Seaport as a Customs Port and Approved Wharf. This is contained in the official Twitter handle of the Nigerian Ports Authority (NPA) on Friday. It stated that the Managing Direct...

July 28, 2022 No Responses

FG Approves Additional N16b To Complete Kano-Katsina Expressway

The Federal Executive Council (FEC) on Wednesday approved an augmentation of N16 billion for the completion of the dualisation of the Kano-Katsina Expressway. Minister of Information and Culture, Alhaji Lai Mohammed, made this known while briefing Journa...

July 28, 2022 No Responses

NIMASA Urges NLNG To Fly Nigerian Flag On Vessels

The Nigerian Maritime Administration and Safety Agency (NIMASA) have urged the Nigeria Liquefied Natural Gas (NLNG) to consider the Nigerian Flag as the first option for its vessels. The Director-General of NIMASA, Dr Bashir Jamoh, made the appeal in a...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...

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...

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...