Policy Archives — City Business News

May 21, 2025 No Responses

Innoson: Nigeria-First Policy Can Aid Local Industries, Attract Investments

Founder of Innoson Vehicle Manufacturing (IVM), Innocent Chukwuma, has expressed optimism that the Federal Government’s newly approved Nigeria-First policy will revitalise struggling local industries and attract global investors to Nigeria’s manufacturing sector. Speaking on The Morning Brief, a Channels Television breakfast programme...

May 6, 2025 No Responses

FEC Prioritises Local Industry Under New Policy

The Federal Executive Council (FEC) has approved a Nigeria First economic policy targeted at prioritising the use of locally manufactured goods and services in all government procurements. Nigeria’s Minister of Information and National Orientation, Mohammed ...

December 17, 2024 No Responses

LCCI: Nigeria’s Auto Industry In Limbo Over Policy

Nigeria’s automotive industry is in a state uncertainty due to prolonged delay in enacting the required law to give investors the right direction.Head of the Auto Sectoral Group of the Lagos Chamber of Commerce and Industry (LCCI) Mr. Kunle Jaiyesinmi,.....

September 21, 2024 No Responses

CBN Reacts To Controversial Policy Document

The Central Bank of Nigeria, CBN, on Friday, made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. In a statement published on it...

May 29, 2024 No Responses

Lagos Unveils Transport Policy, 15 New Boats

Lagos State Government is committed to implementing rigorous safety protocols to protect commuters by leveraging cutting-edge technologies and enhance traffic management in the State. The Governor, Mr. Babajide Olusola Sanwo-Olu stated this on Tuesday while sp...

May 27, 2024 No Responses

LAGOS TO UNVEIL TRANSPORT POLICY

The Lagos State Government is set to unveil its Transport Policy for further developmental goals, key objectives and strategic initiatives in traffic management and transportation for the people of the state. Announcing the completion of the policy document in...

August 16, 2023 No Responses

Nigeria Denies fresh Agenda To Reintroduce Fuel Subsidy

President Bola Tinubu has no plans to reintroduce any form of fuel subsidy or reverse the deregulation policy, the Federal Government declared on Tuesday. The clarification is contained in a tweet issued by the Senior Special Assistant to the President.....

August 15, 2023 No Responses

CBN: New FX Policy Will Lead To Losses For Speculators

The acting Governor of the Central Bank of Nigeria (CBN) Fola Shonubi, on Monday warned speculators of potential losses as they implement a new policy to stabilize the exchange rate regime. Shonubi explained that the CBN has come up with...

April 4, 2023 No Responses

Auto Policy: Ministry To Seek FEC’s Approval

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo disclosed on Monday that the ministry will soon submit a new auto policy for the approval of the Federal Executive Council (FEC). The minister said this when the Senior Executive...

March 28, 2023 No Responses

Minister Seeks Improved Visa Policy Between Nigeria, Qatar

Minister of Aviation, Sen. Hadi Sirika, has called for an improved visa policy between Nigeria and Qatar. Sirika made the call when the Charge d’Affaires of Qatar in Nigeria, Mr Ahmed Mohammed, paid a courtesy visit to him in Abuja...

December 22, 2022 No Responses

FEC Approves N13b Group Insurance Fee For Police

The Federal Executive Council (FEC) has approved N13.3 billion for the provision of group life assurance scheme for the Nigerian Police Force (NPF). The Minister of Police Affairs, Alhaji Maigari Dingyadi, made this known when he addressed State House co...

November 19, 2022 No Responses

FG Seeks Reliable Agric Data For Effective Policy Formulation

Prince Clem Agba, Minister of State for Budget and National Planning has called for reliable agriculture-related data for effective policy formulation and strategies. Agba made the call at the 2022 African Statistics Day Celebration (User/Producer Dialogue) he...

October 9, 2022 No Responses

Customers Laud AIICO Insurance’s Annuity Policy

Annuity policyholders of AIICO Insurance Plc, have lauded the company for its excellent and satisfactory services. In a statement issued on Saturday, the company’s spokesman, Mr Segun Olalandu, explained that the underwriter marked the 2022 Customer Servic...

August 24, 2022 No Responses

Nigeria Decries Abuse Of Expatriate Quota Policy

The Minister of Interior, Alhaji Rauf Aregbesola has decried the abuses and gross violations of Nigeria’s expatriate quota policy by foreigners and some organisations in the country. Aregbesola condemned the practice on Tuesday in Abuja at the re-inaug...