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Tag: FG

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 […]

Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa
Business

FG to meet aviation stakeholders on Thursday

The Minister of Aviation, Hadi Sirika, will be meeting with aviation stakeholders in Abuja on Thursday, continuing the tradition of regular engagements with major players in the aviation industry since the beginning of the Buhari administration. According to The Punch, the Special Assistant to the minister on Public Affairs, James Odaudu, said the aim of […]

News

FG increases fuel supply to avoid price hike

  The Federal Government has increased the supply of Premium Motor Spirit, often known as petrol, to independent oil marketers through its Nigerian National Petroleum Corporation Limited in an effort to prevent a further increase in the price of the product at the pump. The Punch reported that oil marketers said on Friday that the […]

Logo and the photo of the Central Bank of Nigeria's building
Business

Elections: No plans to shut down bank transactions, CBN insists

The Central Bank of Nigeria has debunked rumours spreading that it plans to shut down bank transactions from February 23 to February 27, 2023 because of the forth coming election. This fake new was confirmed on the verified Instagram account of the apex bank on Wednesday where it advised Nigerians to be “wary of fake […]

A photo power plant station
Business

Mainstream Energy named winner of 700MW Zungeru plant concession

The Federal Government, on Wednesday, announced the winner of the biddings for the concession of the 700 megawatts Zungeru Hydroelectric Power Plant, costing  $70,000,251 annually for a period of 30 years. The preferred bidder happens to be Mainstream Energy Solutions Limited, a 2011 licensed power generating company. The Punch reported that an announcement was also […]

Agribusiness featured

FG partners World bank on six-year livestock project

The Federal Government in collaboration with the World Bank have unveiled a six-year livestock development initiative.   The initiative, which is tagged: ‘Livestock Productivity and Resilience (L-PRES)’, is with the aim of upscaling production and curbing farmers/ herders’ crises.   The Nation reported that the Chief of Staff to the president, Professor Ibrahim Gambari, during […]

News

‘FG committed to creation of Ekiti free trade zone’

The Federal Government has reiterated its commitment to establishing a free trade zone in Nigeria. According to The PUNCH, this was disclosed by the Managing Director of the Nigeria Export Processing Zone Authority, Prof. Adesoji Adesugba, during a courtesy visit to the state governor, Biodun Oyebanji in Ado-Ekiti, the state capital, on Thursday. Adesugba said […]

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