Federal – Page 97 – City Business News

April 6, 2018 No Responses

Buhari: Proper Accountability Will Secure The Future Of Our Youths

President Muhammadu Buhari Thursday in Abuja said the insistence on probity, transparency and accountability in the public and private sectors is to secure the future of the country for all Nigerians, especially the youths. Receiving a Letter of Credence from...

April 5, 2018 No Responses

Nigeria Approves $1B For Purchase Of Military Equipment

The President of the Federal Republic of Nigeria, Muhammadu Buhari on Wednesday approved the release of $1 billion to buy security equipment for the military. Briefing Journalists after the President held a meeting with security chiefs, the Minister of...

April 1, 2018 one Response

FG Insists Tax Evaders Risk Prosecution, Seizure of Properties

The Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Schem...

March 29, 2018 No Responses

FG, States, LGs Share N647.39b

The Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account. The money was the revenue collection for the month of February 2018 which was approved at the Federation Account Allocation...

March 27, 2018 No Responses

FRSC Mobilises All Formations For Easter Special Patrol Operation

The Federal Road Safety Corps (FRSC) says it has mobilised all its field and sector commands for the nationwide 2018 Easter Special Patrol operations. The exercise, according to the Corps Public Education Officer, Mr Bisi Kazeem, is scheduled to run...

March 26, 2018 No Responses

NPA To Start Aggressive Debt Recovery, Tasks Terminal Operators On Equity

The Nigerian Ports Authority (NPA) is to commence aggressive recovery of debt owed by Terminal Operators and other stakeholders in the maritime sector. Addressing stakeholders in Port Harcourt, Rivers State, Managing Director of NPA Hadiza Bala-Usman said pr...

March 21, 2018 No Responses

Rail Projects: FG Begins Negotiation For $15B Loans

To successfully complete the Port Harcourt – Maiduguri rail project, the Federal Government has commenced negotiation for $15 billion loans. The Minister of Transportation, Mr Rotimi Ameachi, made this known when he briefed State House correspondents af...

March 14, 2018 No Responses

Adeosun Seeks More Technical, Institutional Support for West Africa

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open...

March 10, 2018 No Responses

NLC to FG: Don’t Sign African Continental Free Trade Agreement

There is a renewed, extremely dangerous and radioactive neo-liberal policy initiative being driven by the Ministry of Trade and Investment that seeks to open our seaports, airports and other businesses to unbridled foreign interference never before witnessed i...

March 7, 2018 No Responses

Tax: FG Probes 130,000 Firms, Individuals

The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Minister of Finance, Mrs. Kemi...

February 28, 2018 No Responses

Senate Committee Blames N5b Alleged Revenue Leakage On Zero Duty Vehicles Imported By Assembly Plants

The Senate Committee on Customs, Excise and Tariffs on Wednesday blamed the Nigeria Customs Service (NCS) for granting assembly plant owners zero duty on new imported vehicles. Chairman of the Committee, Sen. Hope Uzodinma, said during its oversight visit ...

February 22, 2018 No Responses

FG sells N79.62b bonds

The Federal Government on Thursday said that it sold N79.62 billion worth of bonds during its February auction. According to a circular posted on the website of the Debt Management Office (DMO), N27.18 billion worth of the bonds were allotted...

February 21, 2018 No Responses

BPE: 37 per cent of privatized firms not performing

The Bureau of Public Enterprises (BPE) has privatized 142 enterprises from inception to date, Director General of the privatization agency, Mr. Alex A. Okoh has revealed. Receiving members of the House of Representatives Committee on Privatisation, led by its ...

February 19, 2018 No Responses

FG distributes 135, 500 bags of rice to displaced persons in North-east

The Government of People’s Republic of China has donated 135, 500 bags of rice for distribution to Internally Displaced Persons (IDPs) by Boko Haram insurgency in the North-east region. Mr Bashir Garga, National Zonal Coordinator, National Emergency Manage...