Friday, August 2, 2019

Tag "FEC"

    FEC approves N1.8bn for reconstruction of railway village in Delta

FEC approves N1.8bn for reconstruction of railway village in Delta

The federal executive council (FEC) has approved N1.8 billion for the reconstruction and rehabilitation of buildings of railway village in Agbo, Delta state.The meeting was presided over by Vice-President Yemi Osinbajo.Hadi Sirika, minister of state for aviation, said the council also approved N743 million for the procurement of security and safety deficiencies as well as incidence laboratory for the Nigeria [...]

0 comment Read Full Article
    FEC approves $1bn Chinese loan for power project

FEC approves $1bn Chinese loan for power project

The federal executive council (FEC) has approved a fresh $1 billion Chinese loan for a power project.The approval was given at a meeting presided over by President Muhammadu Buhari at the presidential villa, Abuja, on Wednesday.Confirming the loan approval, Suleiman Adamu, minister of water resources, said it will be obtained from the China-Exim Bank for the Gurara II Hydropower project.According [...]

0 comment Read Full Article
    FEC approves N2.8bn for digital connectivity of prisons

FEC approves N2.8bn for digital connectivity of prisons

The federal executive council (FEC) has approved a N2.8 billion contract for the installation of a digital integrated system to reduce prison congestion across the country.The three-hour meeting was presided over by Vice-President Yemi Osinbajo.Speaking with reporters at the end of the meeting, Abubakar Malami, attorney-general of the federation (AGF) said the web-based system will improve the justice system in [...]

0 comment Read Full Article
    ‘N1.4bn for design of DPR headquarters’ — FEC approves contracts worth N4.26bn

‘N1.4bn for design of DPR headquarters’ — FEC approves contracts worth N4.26bn

The federal executive council (FEC) has approved contracts worth N4.26 billion in various sectors of the economy.Speaking with journalists after the FEC meeting chaired by President Muhammadu Buhari, Ibe Kachikwu, minister of state for petroleum resources, said N1.4 billion was approved for the design of the headquarters of the Department of Petroleum Resources (DPR) in Abuja."FEC approved N1.4 billion for the [...]

0 comment Read Full Article
    Henceforth, federal workers will not be paid when on strike

Henceforth, federal workers will not be paid when on strike

The federal government has approved the implementation of no work, no pay principle when workers go on strike.The federal executive council (FEC) issued the approval during its weekly meeting in Abuja on Wednesday.Chris Ngige, minister of labour and productivity, said the report of the technical committee on industrial relations matters in the federal public service was adopted at the meeting.Ngige [...]

0 comment Read Full Article
    Lai says rift between Oshiomhole and Ngige will be resolved

Lai says rift between Oshiomhole and Ngige will be resolved

Lai Mohammed, minister of information, says the rift between Adams Oshiomhole, national chairman of All Progressives Congress (APC), and Chris Ngige, minister of labour, will be resolved.Mohammed said this while briefing reporters at the end of the weekly federal executive council (FEC).Mohammed said he would not make further comments on the rift because he needed to confirm the authenticity of [...]

0 comment Read Full Article
    FEC okays N47bn for repair of three roads

FEC okays N47bn for repair of three roads

The federal executive council (FEC) has approved N47 billion for the repair of three roads.The roads to be rehabilitated are Baban Lamba-Sharam road in Plateau state, Lagos-Ota-Abeokuta and Enugu-Port Harcourt road.Speaking with journalists after the FEC meeting presided over by Vice-President Yemi Osinbajo, Babatunde Fashola, minister of power, works and housing, said the Lagos to Abeokuta road was first awarded in [...]

0 comment Read Full Article
    FEC meeting cancelled as Buhari hosts service chiefs

FEC meeting cancelled as Buhari hosts service chiefs

The federal executive council (FEC) meeting has been cancelled to enable President Muhammadu Buhari attend a meeting with service chiefs.The security meeting which normally holds Monday was moved to Wednesday because of the Easter public holiday.This is the fourth time FEC meeting will not hold since the inception of the President Muhammadu Buhari administration in 2015.The first time FEC meeting was [...]

0 comment Read Full Article
    FEC approves new framework to expand electricity transmission

FEC approves new framework to expand electricity transmission

The federal executive council (FEC) has approved a new framework to expand the 33KVA and 11KVA electricity transmission lines in the country.The framework will ensure distribution of 2,000 megawatts of generated energy currently not being distributed from power stations.FEC gave the approval on Wednesday during the council’s weekly meeting.Addressing state house correspondents after the meeting, Babatunde Fashola, minister of power, [...]

0 comment Read Full Article
    FEC meeting extended till Thursday

FEC meeting extended till Thursday

This week's federal executive council (FEC) meeting has been extended till Thursday.Garba Shehu, presidential spokesman, disclosed this to reporters on Wednesday.He said the meeting was extended to enable the council deliberate and take decisions on pending issues.President Muhammadu Buhari presided over the meeting which is considered the longest since he took office in 2015.Shehu said the federal government had the [...]

0 comment Read Full Article
    I’ll soon appoint more cabinet members, says Buhari

I’ll soon appoint more cabinet members, says Buhari

President Muhammadu Buhari will soon appoint more ministers into his cabinet. He will also make fresh board appointments in response to his party members' demands.Buhari gave hints of the new appointments in a speech delivered to the national executive council (NEC) of the All Progressives Congress (APC) in Abuja.There are currently 36 ministers, with 14 of them being ministers of [...]

0 comment Read Full Article
    FEC approves 2018 budget proposal

FEC approves 2018 budget proposal

The federal executive council (FEC) has approved the draft for the 2018 budget proposal.Udo Udoma, minister of budget and national planning, said this on Thursday while addressing state house correspondents after the FEC meeting in Abuja.He said FEC will liaise with the national assembly on when President Muhammadu Buhari will submit the draft to the lawmakers. “We did promise that the [...]

0 comment Read Full Article
    Dambazau absent but Malami, Oyo-Ita attend FEC meeting

Dambazau absent but Malami, Oyo-Ita attend FEC meeting

Abdulrahman Dambazau, minister of interior, was absent at the federal executive council  (FEC) meeting presided over by President Muhammadu Buhari on Thursday.Garba Shehu, senior special assistant to the president on media and publicity, had announced the postponement of the meeting to Thursday.FEC meeting usually holds on Wednesday.Abubakar Malami, attorney-general of the federation and Winifred Oyo-Ita, head of the civil service [...]

0 comment Read Full Article
    Budget 2018 being finalised, says presidency as FEC meeting is moved to Thurs

Budget 2018 being finalised, says presidency as FEC meeting is moved to Thurs

The presidency has postponed this week's federal executive council (FEC) meeting to Thursday.The meeting usually holds on Wednesday.Garba Shehu, spokesman of President Muhammadu Buhari, announced the postponement in a tweet. He said the only agenda of the meeting is the 2018 budget.“Federal executive council (FEC) meeting will hold tomorrow, Thursday October 26. Agenda is #Budget2018, which is currently being finalized," the [...]

0 comment Read Full Article
    FEC approves N236m for completion of Katsina dam awarded when Buhari was PTF chairman

FEC approves N236m for completion of Katsina dam awarded when Buhari was PTF chairman

The federal executive council (FEC) on Wednesday approved the sum of N236 million for the completion of Sabke Irrigation Dam in Katsina state.Addressing state house correspondents after the council's weekly meeting in Abuja, Suleiman Adamu, minister of water resources, said the contract for the dam was initially awarded in 1997.He said it was then re-awarded in 2009 after it was [...]

0 comment Read Full Article
    Monkeypox spreads to 11 states — 74 suspected cases recorded 

Monkeypox spreads to 11 states — 74 suspected cases recorded 

Isaac Adewole, minister of health, says the monkeypox virus has spread to 11 states with 74 suspected cases recorded.Addressing state house correspondents after the federal executive meeting in Abuja on Wednesday, Adewole dismissed the reports that the military has been spreading the virus through vaccination.Monkeypox is a rare virus transmitted to humans from animals, with symptoms in humans similar to those [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement