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6 Uncomplicated Ways to Get Studying Fun

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Acestea sunt semne bune că vor oferi mult

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Naira falls N777 against dollar after CBN announcement
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  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: FGN

FAAC funds to FG, states hit 7-year high in 2023
News

FAAC funds to FG, states hit 7-year high in 2023

In 2023, the total amount disbursed by the Federation Account Allocation Committee to Nigeria’s 36 states reached its greatest level in at least seven years. According to BusinessDay, FAAC shared a total of N16.04 trillion to the three levels of government, according to the most recent data from the National Bureau of Statistics (NBS). This represents a […]

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 […]

Infrastructure Concession Regulatory Commission. Source: Wikipedia
Business

FG’s cassava investment to yield N105bn – ICRC

The Infrastructure Concession Regulatory Commission has disclosed that the Federal Government’s investment of N15.4 billion in cassava will yield N105 billion in revenue over the next five years. The announcement was made in a statement released on Saturday by the ICRC and accessed by The Punch. The statement indicates that the Cassava Bio-ethanol Value Chain […]

petrol pump
Business

FG will facilitate seamless subsidy removal process – Official

The Nigerian Federal Government is considering the most appropriate approach to remove fuel subsidy without negatively impacting the welfare of Nigerians. According to The Punch, the statement was made during a press conference at the conclusion of the Nigeria International Energy Summit by the Permanent Secretary of the Ministry of Petroleum Resources, Ambassador Gabriel Aduda. […]

Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
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FG to raises civil servants’ salary by 40% April ending  

The Federal Government plans to commence payment of the anticipated increase in civil servants’ pay at the end of April. According to The Punch, final approval for disbursement is expected to be given by President Muhammadu Buhari very soon. If the proposal is approved, the increase in pay will be implemented about two months before […]

Naira redesign: CBN has my approval, Buhari clarifies
Business

Substandard ACs, refrigerators suck Nigerians’ finances – FG

The Federal Government has stated that it will not allow the importation of substandard air conditioners and refrigerators as they strain finances, causing higher energy bills. This followed after the United Nations reported that Nigerians purchase about one million air conditioners annually. According to The Punch, Nigeria government has instructed relevant agencies to ensure that […]

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 […]

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DMO to auctions N360bn FG bond Monday  

The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued at N360 billion for subscription through auction. DMO said the first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at […]

Census Ad hoc Staff collating report
Business

Census: FG establishes basket fund donations  

The Federal Government of Nigeria plans to establish a basket fund to receive donations for the 2023 population and housing census. This was disclosed on Monday by the Minister of State for Budget and National Planning, Clem Agba, at a strategic partners engagement to solicit funds for the 2023 census in Abuja. The Punch reported […]

Logo of Nigeria Society of Engineers
Business

NSE implores FG to give local engineers contracts 

The Nigerian Society of Engineers has implored the Federal Government to give local engineers contract. The president of the society, Tasiu Gidari-Wudil, made this appeal on Saturday during a press conference held to commemorate World’s Engineering Day. According to The Punch, the call was in accordance with Executive Order 5 which was initiated to promote […]

Court Symbol of Justice
Business

Mixed reactions as S’Court reverses Buhari, CBN new, old naira order

There have been mixed reactions from Nigerians as the Supreme Court of Nigeria on Friday declared the Federal Government’s cashless and Naira redesign policy invalid, declaring it as an affront to the 1999 Constitution. This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on […]

Petrol pump
Business

Scarcity: FG confirms availability of 1.3bn litres of petrol

Nigeria has confirmed the availability of about 1.3 billion litres of petrol which is said to resolve the lingering fuel scarcity. This was according to a report disclosed to The Punch on Saturday by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso. Kadoso said this during a visit by the […]