FG Archives — Page 4 of 9 — City Business News

January 27, 2023 No Responses

FG Raises Steering Committee For Proposed Ondo, Benin Ports

The Federal Ministry of Transportation has inaugurated a Project Steering Committee for the proposed Ondo Deep Sea and Benin River Ports. The inauguration was performed by the Permanent Secretary of the Ministry of Transportation, Dr Magdalene Ajani. She said this...

January 18, 2023 No Responses

FG, States, Local Councils Share N990.189b For Dec 2022

The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for the month of December 2022. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of...

January 13, 2023 No Responses

SAHCO Seeks Duty Waiver For Ground Handling Operators

The Managing Director, Skyway Aviation Handling Company (SAHCO) Plc, Mr Basil Agboarumi, has called on the Federal Government to grant duty waiver on operational equipment for ground handling companies operating in the nation’s airports. Agboaru...

January 9, 2023 No Responses

FG Condemns Kidnapping Of Train Passengers In Edo

The Federal Government has described the kidnapping of train passengers at Tom Ikimi Train Station, Igueben in Edo as despicable and utterly barbaric. In a statement issued by the Director of Press and Public Relations, Ministry of Transportation, ...

January 4, 2023 No Responses

FG Lists Support For FRSC, Inaugurates Biu As Corps Marshal

The Federal Government has recruited and trained not less than 8, 000 personnel of Federal Road Safety Corps (FRSC) as part of measures to safeguard highways in the country. The Secretary to the Government of the Federation (SGF), Boss Mustaph...

October 1, 2022 No Responses

Concession Agreement: NPA Conculdes Report, Seeks FG’s Approval

The management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be submitted to the Federal Ministry of Trans...

August 21, 2022 No Responses

Airline Operator Implores FG On Release Of Foreign Airlines’ $450m Ticket Sales

Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to repatriate the $450million in ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, the National Associ...

August 13, 2022 No Responses

Transportation Minister Lauds SIFAX Group, Pledges FG Support

Minister of Transportation, Alhaji Muazu Sambo, has commended SIFAX Group for its socio-economic impact on the nation’s development. Sambo also promised to support the company’s businesses in order to contribute more to the economy. He made thi...

August 10, 2022 No Responses

FG Disburses N100b To Indigenous Pharmaceutical Manufacturers

The Federal Government has disbursed N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans to expand their capital base, and boost local production of medicines and medical consumables. President Muhammadu Buhari annou...

August 5, 2022 No Responses

FG Partners World Bank On Land Remediation

The Federal Government is to partner World Bank to establish Agro-Climate Resilience in Semi-Arid Landscapes (ACRESAL), a programme to remediate drylands and wetlands across the country. The Minister of Environment, Alhaji Mohammed Abdullahi, said this at th...

July 29, 2022 No Responses

FG Sets To Implement 5% Excise Duty On Telecom Services

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the Federal Government plans to implement a five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planni...

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...

April 29, 2022 No Responses

Genetically Modified Beans Safe For Consumption, FG Assures Nigerians

The National Biosafety Management Agency (NBMA), on Thursday, assured Nigerians that recently-approved, genetically-modified beans is safe for both human consumption and the environment. Dr Rufus Ebegbe, Director General of NBMA, gave the assurance at a work...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...