Federal – Page 85 – City Business News

July 9, 2022 No Responses

Union To Saraki: Resuscitate Ajaokuta Steel Mill

The Iron Rod and Steel Dealers Employers Union of Nigeria has urged the new Minister of State for Mines and Steel Development, Sen. Gbemisola Saraki, to resuscitate the Ajaokuta Steel Mill. The National President of the union, Chief Gbenga Awoyale,...

July 7, 2022 No Responses

BEDC Tackles FG, Fidelity Bank Over Takeover Move

Fidelity Bank Plc lacks the legal authority to take over Benin Electricity Distribution Company (BEDC), the management of the company declared on Thursday. On Tuesday, the Federal Government announced the restructuring and take-over of five electricity distr...

July 7, 2022 No Responses

Tax Development: FIRS Boss Harps On Collaboration Among Regulatory Bodies

The Federal Inland Revenue Service (FIRS) has described collaboration among regulatory bodies as critical in deepening FIRS institutional framework through qualitative reporting and effective representation of their clients. Mr Muhammad Nami, the Executive C...

July 7, 2022 No Responses

FEC Approves N22b For NCDMB Conference Hostel Facility

The Federal Executive Council (FEC) has approved N22 billion for the construction of a conference hostel facility for the Nigeria Content Development and Monitoring Board (NCDMB). The facility is to be located opposite the NCDMB building in Yenegoa, the ...

July 5, 2022 No Responses

DMO Lists Two FGN Savings bonds

The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest...

July 4, 2022 No Responses

Stakeholders Task FG On Rejection Of Nigeria’s Agric Export

Stakeholders in the agriculture sector have appealed to the Federal Government to support farmers in addressing the rejection of Nigeria’s agricultural produce in the international market. Some of the stakeholders who spoke with the News Agency of Nige...

July 3, 2022 No Responses

Calabar Port Complex Receives 72 Vessels In Five Months

Between the months of January and May 2022, Calabar Port received 72 Vessels. The Calabar Port Manager, Mr Festus Olumati, gave the figure on Saturday during the visit of the Managing Director, Nigerian Ports Authority (NPA) Mr Mohammed Bello-Koko...

July 2, 2022 No Responses

First Vessel Berths At Lekki Deep Seaport

Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the 1.5 billion Lekki Deep Seaport arrived in Nigeria on Friday. The News Agency of Nigeria(NAN) reports that operations at the Deep Seaport are expected to...

July 1, 2022 No Responses

Buhari Reappoints Oniha As DG, DMO

President Muhammadu Buhari has approved the renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for the second term of five years. Malam Garba Shehu, the President’s media aide, who confirmed this in...

July 1, 2022 No Responses

Saraki: Onitsha River Port Will Generate Over N23b In 30 Years

The Onitsha River Port is positioned to generate over N23billion for the Federal Government in 30 years, the Minister of State For Transport, Gbemi Saraki, has said Saraki, during the signing of the concession of the port on Thursday in...

June 29, 2022 No Responses

Nigeria, Japan Sign Exchange Notes On High-Speed Boat

The Federal Republic of Nigeria has signed an Exchange of Note(E/N) with the Japanese Government for an Economic and Social Development Programme involving the acquisition of a High-Speed Boat to reinforce services for coastal security in Nigeria, with the Nig...

June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025). Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...

June 26, 2022 No Responses

Nigerian Shippers’ Council Set For 2022 Maritime Seminar For Judges

The Nigerian Shippers’ Council (NSC) in collaboration with the National Judicial Institute is set to host the 16th edition of the International Maritime Seminar for Judges.The event is under the chairmanship of His Lordship, Hon. Justice Bode Rhodes-Vivour C...

June 26, 2022 No Responses

Saraki Restates Ministry’s Commitment To Disburse $350m CVFF To Shipowners

The Minister of State for Transport, Senator Gbemi Saraki, has reiterated the Ministry’s commitment to disburse the Cabotage Vessel Financing Fund (CVFF) to indigenous shipping community.According to Saraki, the Ministry will work with the National Asse...