Policy Archives — City Business News

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...

April 2, 2022 No Responses

Shippers’ Council Unveils Service Charter, Customers` Care Policy Handbook

The Nigerian Shippers’ Council (NSC) SERVICOM Unit, has launched the agency’s Service Charter and Customers` Care Policy Handbook (SCCCPH), to enhance service delivery. The Executive Secretary, NSC, Mr Emmanuel Jime, made this known in a statement in Lagos...

March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...

March 1, 2022 No Responses

CBN Releases Operating Guidelines For R200 Policy

The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy. The News Agency of Nigeria (NAN) recalls that the apex bank recently initiated the R200 policy in an effort to reduce exposure to volatile...

February 27, 2022 No Responses

Minister: NIES Outcomes Have Yielded Critical Development

The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by the government, policymakers and oil and gas industry to effect development. Chief Timipre Sylva, Minister of Sta...

February 24, 2022 No Responses

Esan Okpa To Edo Govt: Reverse AAU Multi-Campus Policy

By citybusinessnews@yahoo.com Esan Okpa Initiative (EOI), a socio-cultural nonpartisan organization floated to promote the interests of Esan people, has asked the Edo State Government to immediately reconsider the recently announced plan to ma...

February 3, 2022 No Responses

Lagos Reviews Roadworthiness Certificate, Unveils Booking System

The Lagos State Government has introduced a Booking System to stem the surge recorded at some vehicle inspection centres. This followed the assessment of the ‘No Vehicle Inspection, No Road Worthiness Certificate’ Policy which commenced in January 20...