Federal – Page 99 – City Business News

July 3, 2018 No Responses

Nigeria Implores African Leaders On Corruption

The Federal Government has stressed the need for African countries to continue to strengthen anti-corruption laws and enforcement institutions and systems. The Minister of Foreign Affairs, Geoffrey Onyeama, made the call at the just concluded 33rd Session of Executive...

May 23, 2018 No Responses

Nigeria Invests $10b In Infrastructure In Three Years

The Vice-President, Prof. Yemi Osinbajo, says the Federal Government has invested close to 10 billion dollars in infrastructure development in the last three years. He said the investment which focused on roads, power and a new national rail network,...

May 22, 2018 No Responses

Minister: 15 Revenue-Generating Agencies Did Not Remit N8.1trillion To Federation Account

The Minister of Information and Culture, Alhaji Lai Mohammed, has said 15 revenue generating agencies of the federal government failed to remit N8.1 trillion to the Federation Account between 2010 and 2015. The Minister made the disclosure in Osogbo, Osun St...

May 16, 2018 No Responses

FG To Pay Contractors, Clears Workers’ Promotion Arrears With N34.2b

The Minister of Finance, Mrs. Kemi Adeosun, said on Tuesday that the Federal Government would settle the inherited debts and contractual obligations to local contractors between 2006 and 2015. The Minister made this known while appearing before the Ad-Hoc...

May 1, 2018 No Responses

Minister Seeks MDAs’ Cooperation For Tourism Development

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for cooperation among the various Ministries, Departments and Agencies (MDAs) in the generation of relevant data that will assist inmaking policies and planning decisions for the develo...

April 21, 2018 No Responses

Nigerian Appoints Committee On e-IPO

Nigeria is to adopt Electronic IPOs (e-IPO). Already, a committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Association of Issuing Houses of Nigeria (AIHN), Association of Stock Brokers (ASHON), Central Securitie...

April 19, 2018 No Responses

FG Probes National Assembly Invasion

The Federal Government has expressed shock at the invasion of the National Assembly and the subsequent snatching of the Senate mace by thugs on Wednesday. In a statement issued in Abuja on Wednesday, the Minister of Information and Culture, Alhaji Lai Moham...

April 7, 2018 No Responses

Easter Patrol: FRSC Rescues 1,071, Records 160 Crashes

Following the just concluded 2018 Easter special patrol which lasted from Wednesday 28 March 2018 to Tuesday 3 April 2018, the Federal Road Safety Corps (FRSC) recorded a total of 1,071 number of people rescued from a total of 160...

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...