Tag: Buhari

Buhari
Business

Naira crisis: Seven days too long, senator tells Buhari

The representative of Kogi West Senatorial District in National Assembly, Senator Smart Adeyemi, has pleaded with the President, Major General Muhammadu Buhari (retd.) to review his decision to address the new note scarcity in seven days time. The senator who is also the Chairman, Senate Committee on the Federal Capital Territory, mentioned this to journalists […]

Naira redesign: CBN has my approval, Buhari clarifies
Banking

Naira redesign: CBN has my approval, Buhari clarifies

The President, Major General Muhammadu Buhari (retd), has confirmed that the Central Bank of Nigeria has his approval to redesign the naira notes. AMBusiness reported that the apex bank announced that the N100, N200, N500, and N1000 notes will be redesigned as the Nigerian currency battles its worst devaluation in recent years. This publication also […]

Buhari
Oil and Gas

2023 budget: FG projects 1.69m oil barrels daily

Ahead of the presentation of the 2023 budget to lawmakers, a report has revealed that the Federal Government is projecting the production of 1.69 million barrels of oil daily. This is as the President, General Muhammadu Buhari (retd), is scheduled to present the N19.76 trillion 2023 Budget estimates before lawmakers at a joint session of […]

Naira redesign: CBN has my approval, Buhari clarifies
Oil and Gas

Buhari makes a U-turn over Seplat, ExxonMobil $1.3bn deal

The President, Major General Muhammadu Buhari (retd.) in alignment with the Nigerian National Petroleum Company Limited, reversed his authorisation of the $1.3bn acquisition shares capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. Buhari’s change of position was disclosed to newsmen by the Senior Special Assistant to the President on Media and Publicity, […]

Ports and Airports

Maritime security: NIMASA takes delivery of unmanned aircraft

The Nigerian Maritime Administration and Safety Agency has taken delivery of additional mobile assets for enhanced maritime security under his deep blue project. According to the agency, two unmanned aircraft systems, nine interceptor patrol boats and 10 armoured vehicles have been added to the existing assets earlier procured by the Federal Government. Director-General, NIMASA, Dr […]

Oil and Gas

FG studying UK ruling over oil fraud – Minister

The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government lawyers are still studying the judgment of a United Kingdom Commercial Court that ruled out fraud in the Oil Processing Licence 245 transaction between Nigeria and JP Morgan Chase Bank. According to The PUNCH, he disclosed this while answering questions […]

Naira redesign: CBN has my approval, Buhari clarifies
Policy and Regulations

Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions

As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or non-financial business and profession that fails to report any suspicious transaction. This is according to the Money Laundering (Prevention and Prohibition) Bill, 2022, which the President, Major General Muhammadu Buhari […]

News

FG ‘reaches’ agreement with ASUU, says strike ends soon

The Federal Government has expressed optimism that the decisions reached in its three-part meeting with university-based unions would yield fruits next week. The Head, Press and Public Relations in the Ministry of Labour and Employment, Mr Olajide Oshundun, in a statement on Friday, said some agreements had been reached between the government and the unions. […]