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Tag: FG

Logo of the Trade Union Congress
News

Subsidy: FG meets TUC

The Federal Government is in a meeting with the Trade Union Congress at the State House, Abuja, over the removal of fuel subsidy.   The News Agency of Nigeria reported that the TUC Secretary General, Nuhu Toro, made the disclosure while speaking with newsmen on Sunday.   The meeting is a follow-up to the earlier […]

News

FG workers, military’s May salaries to be delayed

Nigerian civil servants under the employment of the Federal Government are expected to experience a delay in the payment of May salaries.   According to The PUNCH, this development is because Ministries, Departments and Agencies were yet to get debit approval from the Central Bank of Nigeria.   In a memo addressed to workers of […]

Oil revenue beats solid minerals earning by $393 - FG
News

Oil revenue beats solid minerals earning by $393 – FG

  The Federal Government have said oil and gas revenues in Nigeria have surpassed earnings from the solid minerals sector by a staggering $392.6 billion. According to The Punch, the Nigeria Extractive Industries Transparency Initiative provided figures revealing that over a 10-year period, the oil and gas industry generated $394 billion, while the solid minerals […]

News

FRCN privatization will boost economy, create jobs – FG

The Federal Government has handed over, the Federal Radio Corporation of Nigeria to the Fish Valley Investments and Properties Ltd, in a Public Private Partnership.   The Minister of Information and Culture, Lai Mohammed, made this known during the handing over ceremony of six hectares of land to MESSRS Fish Valley Investments and Properties Ltd, […]

Experts warn FG against further violation of debt limit
featured

Experts warn FG against further violation of debt limit

The Nigerian government has been cautioned by a professor of capital markets, Uche Uwaleke, against continuing to exceed the permissible cap on how much money it can borrow from the Central Bank of Nigeria, as specified in the CBN Act. According to The Whistler, Nigeria’s overall debt has increased by 32.5%, from N46.25 trillion ($103.1 billion) to N68.9 […]

Coat of Arm
Business

FG expresses concern over N4tn debt owed by several companies

  A Federal Government agency, Asset Management Corporation of Nigeria has requested assistance from stakeholders in order to recover N4 trillion in debt owed by businesses and other private organizations in Nigeria. Daily Post reported that this was revealed over the weekend in Lagos to stakeholders and external solicitors by AMCON’s managing director, Mr Ahmed […]

FG reaffirms commitment to rubber tyre industry
Business

FG reaffirms commitment to rubber tyre industry

  By Christian George The Federal Government has restated its commitment to revive the rubber industry in Nigeria. This was made known by the Permanent Secretary of the Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe on Wednesday in Abuja. According to a report by PMNews, the permanent secretary said that the federal […]

FG considers tobacco tax hike to meet WHO standards
News

FG considers tobacco tax hike to meet WHO standards

In a bid to meet World Health Organization standards, Nigeria’s Federal Government has announced plans to raise taxes on tobacco products from 30 to 50 per cent. This was revealed by the Head of Tobacco Control Unit, Noncommunicable Disease Division, Dr Mangai Malau, during the National Tobacco Control Budget Advocates Meeting in Abuja. During the […]

Minister of Communications and Digital Economy, Isa Pantami
Business

FG okays N24.20bn for internet in schools, markets, airports

The Nigerian government gave its approval on Wednesday to allocate N24.20bn for the purpose of providing broadband internet connection to a minimum of 20 airports, 43 schools, and six marketplaces all over the country. The Punch reported that the announcement of the approval was made by the Minister of Communication and Digital Economy, Prof Isa […]

Reps adopt tax reforms, retains VAT at 7.5%
Economy

Chinese bank rejects FG’s loan request – Reps

      The House of Representatives on Tuesday revealed that China Development Bank, has rejected a loan request of $973,474,971.38 from Nigeria. According to The PUNCH, this came after the National Assembly of Nigeria approved spending an extra $22,798,446,773 on infrastructure despite a loan rejection from the China-Exim Bank. The chairman of the House […]

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