News Archives — Page 251 of 735

January 25, 2023 No Responses

FRSC Recovers, Returns N3.2m To Accident Victim

The Federal Road Safety Corps (FRSC), Kogi Sector Command on Tuesday recovered and returned the sum of N3. 2 million to the family of an accident victim in the state. The News Agency of Nigeria (NAN) reports that the money...

January 24, 2023 No Responses

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...

January 24, 2023 No Responses

PTML Customs Command Generates N229.5b In 2022

Between January and December, 2022, the Nigeria Customs Service (NCS), Ports and Terminal Multiservice Ltd. (PTML) Command generated N229.5 billion. The Customs Area Controller PTML Command, Suleiman Bomai said this at a media conference on Tuesday in La...

January 24, 2023 No Responses

Edo Refinery Begins Production

Edo State Government-backed Edo Modular Refinery has commenced production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area. A statement sent to City Business News on Tuesday explained that the facility with its feedstock can produce 50 ...

January 24, 2023 No Responses

Edo, Port of Antwerp, Seal Benin River Port Partnership

The Edo State Government has concluded plans with the Port of Antwerp from Belgium as part of measures to finalize the Benin River Ports project. This was gathered from a meeting of the Benin River Port (BRP) Project Committee with...

January 24, 2023 No Responses

Buhari Seeks Senate’s Confirmation Of Ex-I-G Arase As Chairman PSC

President Muhammadu Buhari has written the Senate seeking the confirmation of the appointment of former Inspector-General (I-G) of Police Solomon Arase (retd), as Chairman, Police Service Commission (PSC). The request is contained in a letter addressed t...

January 24, 2023 No Responses

Emefiele: Stamp Duty Revenue Is N370b Not N89trillion

The total revenue collected as stamp duty in six years between 2016 and 2022 is N370,686 billion, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed on Tuesday. A House of Representatives member, Alhaji Muhammed Kazaure, ...

January 24, 2023 No Responses

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year. They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...

January 24, 2023 No Responses

NAFDAC Shuts Vegetable Oil Outlet

The National Agency for Food and Drug Administration and Control (NAFDAC) has closed a vegetable oil-packaging outlet in Gidan Ruwa, Airport Road, Nassarawa Local Government of Kano State. The coordinator of the agency in Kano State, Alhaji Kasim Ibrahim...