Federal – Page 91 – City Business News

February 3, 2022 No Responses

FEC Approves $183.7m For Railway Consultants

The Federal Executive Council (FEC) has approved $183.7 million for consultancy services for supervision of three railway projects in Nigeria. Addressing Journalists on the outcome of the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Transportation, Rotimi Amaechi,...

January 31, 2022 No Responses

NIMASA Increases Flag Registration Conditional Survey By 43.6 Per Cent

The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh has announced an increase of 43.6% in the condition survey for Flag Registration by the Agency in the year 2021 as against the performance in the...

January 30, 2022 No Responses

NAFDAC Seeks More Funding For Herbal Medicine Research

Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, has called for more funding into research and development of herbal medicines to support universal health coverage in the country. Adey...

January 26, 2022 No Responses

Emefiele: Food Prices Will Moderate In 2022

The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians that food prices would not accelerate the way people had anticipated in 2022. The CBN Governor, Mr Godwin Emefiele, said this while answering questions from the press after presenting the...

January 26, 2022 No Responses

Deregulation: FG Introduces Infrastructure Fund For Auto Gas Transition

The Federal Government says it will take into consideration infrastructure fund for the midstream and downstream sector targeted at developing gas infrastructure to actualise Auto Gas Transition. Chief Timipre Sylva, Minister of State for Petroleum Resou...

January 26, 2022 No Responses

SEC: No Extension Of 2022 License Renewal Exercise After January 31

The Securities and Exchange Commission (SEC) has warned Capital Market Operators (CMOS) and relevant stakeholders that the Jan 31 deadline for renewal of registration licence will not be extended. SEC, in a circular posted on its website, said that ...

December 16, 2021 No Responses

FEC Approves $1.9b To Boost Power Supply To 7,000 Megawatts

The Federal Executive Council (FEC) has approved $1.9 billion for the procurement of equipment for the nation’s power sector as part of measures to boost power supply across the country, through the Presidential Power Initiative. Briefing Jour...

December 9, 2021 No Responses

Housing Deficit: SEC Pledges Collaboration With Stakeholders

The Securities and Exchange Commission (SEC) has pledged to collaborate with relevant stakeholders on real estate investments in as part of measures to curtail housing deficit in the country. Director-General of the SEC, Mr. Lamido Yuguda made...

December 9, 2021 No Responses

NIMASA DG Assures IGP of Support In Combating Maritime Crimes

Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has assured the Inspector General of Police, Usman Alkali Baba of support and strengthened partnership in the fight against maritime crime. Jamoh at a...

December 7, 2021 No Responses

AMCON To Publish Debtors’ List In January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. The Chairman...

December 7, 2021 No Responses

FIRS Urges Comprehensive Revenue Inclusion

Executive Chairman, Federal Inland Revenue Service (FIRS) Muhammad Nami, on Monday in Abuja called for the aggregation of all revenues generated at national and sub-national levels. This, he said, would enable proper determination and accurate computatio...

November 25, 2021 No Responses

INEC Reiterates Commitment To Deepen Use Of Technology

Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, on Wednesday in Lagos reiterated the resolve of the Commission to sustain the use of technology. Speaking at an interactive session with online Publishers, Yakubu, who...

November 23, 2021 No Responses

FG Disburses N56b To MSMEs

The Federal Government has disbursed N56.84 billion to 835,161 beneficiaries under the MSME Survival Fund scheme. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, disclosed this at the opening of the 13th Meeting of t...

November 19, 2021 No Responses

FG Approves N656b Budget Support Facility For States

President Muhammadu Buhari has approved N656 billion Bridge Financing Facility for the 36 States. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Thursday at a virtual NEC meeting presid...