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Tag: FG

Naira redesign: CBN has my approval, Buhari clarifies
Aviation

Buhari okays Gombe airport takeover

Gombe State Governor, Muhammad Yahaya, said the President, Major General Muhammadu Buhari (retd.), has approved the “takeover” of the state airport. According to The Punch, Yahaya on Friday disclosed this to State House Correspondents shortly after an audience with the President at the Aso Rock Villa. Yahaya noted that the move would ensure the availability […]

Pay hazard allowance in two months, NMA urges FG
News

Pay hazard allowance in two months, NMA urges FG

The Nigeria Medical Association gave the Federal Government two months to pay for the newly approved hazard allowance to its members. According to the News Agency of Nigeria, this was contained in a communique issued at the end of the association’s August National Executive Council meeting on Sunday in Gombe. The communique was signed by […]

FG halts planned 5% tax on GSM calls, SMS
News

FG halts planned 5% tax on GSM calls, SMS

The Federal Government has announced that it has suspended the proposed five per cent excise duty on telecommunications services. According to The Nation, this was announced by the Minister of Communications and Digital Economy, Prof Isa Pantami, in Abuja on Monday. Pantami said the decision to suspend the tax was arrived at by stakeholders, asserting […]

Why FG suspended Eastern rail line construction - Minister
News

Why FG suspended Eastern rail line construction – Minister

The Minister of Transportation, Mu’azu Sambo has revealed why the work on the Port Harcourt-Maiduguri Eastern rail line was suspended by the Federal Government. According to The Vanguard, the Minister in a statement made available to newsmen in Lagos on Saturday said the rail line was suspended due to insecurity and vandalism of railway properties […]

Buhari
Economy

Amid rising debt, FG increases ministers, others’ tour allowances

Amid rising debts, the Federal Government has increased the Duty Allowances of ministers, permanent secretaries and other civil servants in the federal public service effective September 1, 2022. According to The Punch, a circular from the National Salaries, Incomes and Wages Commission, with reference SWC/C/04/S.6/II/333, dated August 31, 2022, and titled, “Review of Duty Tour […]

Power generation dropped 43mw after worker's strike - FG
News

Power generation dropped 43mw after worker’s strike – FG

Data received from the Federal Ministry of Power on Sunday revealed that the recent one-day strike by employees of the Transmission Company of Nigeria caused Nigeria’s power generation to plummet from a peak of 4,829.5 megawatts to as low as 43MW. AMBusiness reported that the nation’s electricity grid was shut down last Wednesday by transmission […]

Energy transition: Osinbajo meets Siemens officials
News

FG completes acquisition of four DisCos

The Federal Government has completed the acquisition of four energy distribution firms and established the board of the Nigeria Electricity Liability Management Company. Vice President Yemi Osinbajo, on Friday, said the newly constituted board of the Nigeria Electricity Liability Management Company would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power […]

FG to end fuel subsidy in 2023 - Minister
Oil and Gas

FG to end fuel subsidy in 2023 – Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will stop paying subsidies on Premium Motor Spirit (petrol) by June 2023. According to The Punch, Ahmed made this disclosure during a meeting with the House of Representatives Ad Hoc Committee investigating the Petroleum Products Subsidy Regime from 2013 […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

FG spent N1.593tn on fuel subsidy in six months – Report

The Federal Government spent a total of N1.593 trillion on subsidy of Premium Motor Spirit, often known as petrol over a six-month period between January and June 2022. This was discovered in recent data on the subject cited by The PUNCH. It was also learned that the Nigerian National Petroleum Company Limited invested N54.66bn in […]

Power generation dropped 43mw after worker's strike - FG
Electricity

Power intervention fund hits N2.9trn

The Federal Government’s intervention fund for electricity distribution companies has increased to N2.9 trillion. According to The PUNCH, the fund which moved from N2 trillion in May of this year represents a 45% increase over the period. By estimation, the N2.9trn is the total funding extended to the sector since privatisation in 2013. The Director-General, […]

Nigeria Air: FG warns against fake recruitment website
Aviation

FG mum on identities of Nigeria Air investors

The Federal Government has kept mute on the identities of Nigeria Air investors as it continues to work towards ensuring that the nation has a national carrier before the end of 2022. According to The PUNCH, Stakeholders in the aviation sector have also called on the Federal Government to disclose the identities of the strategic […]

Controversy as Seplat disputes ExxonMobil deal cancellation
News

Controversy as Seplat disputes ExxonMobil deal cancellation

Hours after the President, Major General Muhammadu Buhari (retd.), announced the withdrawal of the approval given to Seplat Energy to buy Mobil Producing Nigeria Unlimited’s shares, the company Thursday stated that it had not heard from the Federal Government on the reversal. According to The PUNCH, the company added that it was requesting clarification from […]

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