Sunday, April 21, 2019

Tag "Federal Government"

    Shehu Sani to FG: Ask UK, UAE to publish names of Nigerians with properties abroad 

Shehu Sani to FG: Ask UK, UAE to publish names of Nigerians with properties abroad 

Shehu Sani, senator representing Kaduna central, says names of Nigerians owning properties abroad should be made public rather than being disclosed only to the federal government.Dubai, the commercial city in UAE, the UK and the US are among the favourite destinations for corrupt Nigerian government officials to invest heavily in real estate.In August last year, President Muhammadu Buhari signed an [...]

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    Amnesty on herdsmen killings: It’s not enough for govt to make pronouncements

Amnesty on herdsmen killings: It’s not enough for govt to make pronouncements

Amnesty International has condemned the wave of violence in the country, asking the federal government to punish all those involved.According to the organisation, over 80 people were killed between January 1 and January 5 in Benue, Rivers, Taraba and Kaduna alone.In a statement signed by Osai Ojigho, director of Amnesty International in Nigeria, the human rights organisation clamoured for accountability [...]

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    Pump price of fuel should not go up ‘even by one naira’

Pump price of fuel should not go up ‘even by one naira’

Accountable Leadership for Better Nigeria Initiative (ALBNI), a newly registered civil society group, says any plan to hike the price of petroleum products is “absurd” and should be “quashed”.The group said this in a statement jointly issued by Ogochukwu Paul, its director of media and communication, and signed by Remi Adebayo, president.“Our position on the planned fuel increment by the [...]

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    VAIDS: FG to seize 2,000 properties in Abuja

VAIDS: FG to seize 2,000 properties in Abuja

The federal government has said it will seize properties that are built and owned by corporate organisations from where taxes are not being paid.Babatunde Fowler, chairman of the Federal Inland Revenue Service, said this on Thursday during a media workshop on voluntary assets and income declaration scheme (VAIDS).While urging individuals and companies yet to declare their earnings and pay relevant taxes [...]

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    Fuel scarcity may worsen as PENGASSAN threatens to shut down oil sector

Fuel scarcity may worsen as PENGASSAN threatens to shut down oil sector

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a 7-day ultimatum to the federal government owing to “anti-labour policies” by some oil and gas companies.In a statement on Thursday, the association said the action would lead to shutting down of all oil and gas installations, causing disruptions in fuel supply and distribution across the country.The [...]

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    Shell kicks as Amnesty calls for its probe over ‘horrific crimes’ in Ogoni

Shell kicks as Amnesty calls for its probe over ‘horrific crimes’ in Ogoni

Amnesty International (AI) has accused Shell Development Company of Nigeria of complicity in the “horrific crimes” committed by the Nigerian military in Ogoniland.AI said its records, internal company documents, and witness statements show Shell played a role in the “murder, rape and torture” of some citizens in Ogoni.A statement issued by the organisation on Tuesday said the findings are contained [...]

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    IPOB to FG: Defend yourself in court — not on the pages of newspapers

IPOB to FG: Defend yourself in court — not on the pages of newspapers

The Indigenous People of Biafra (IPOB) has accused the federal government of seeking to frustrate the hearing of its fundamental human rights enforcement suit.It said this while reacting to the application filed by the government at the community court of the Economic Community of West African States (ECOWAS), challenging the fundamental rights suit before the court.In 2016, Nnamdi Kanu, IPOB [...]

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    INTERVIEW: Many civil servants have been sacked for blowing the whistle, says Chido Onumah

INTERVIEW: Many civil servants have been sacked for blowing the whistle, says Chido Onumah

Chido Onumah, journalist and coordinator, African Centre for Media and Information Literacy (AFRICMIL), launched ‘Corruption Anonymous’ (CORA) in February. According to him, the project is aimed at creating confidence in the federal government’s whistleblower policy.In this interview with TheCable, he gives insights into the “missing links” in the policy; steps the government needs to take in order to prevent the [...]

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    35 states get N28bn loan to pay salaries — minus Lagos

35 states get N28bn loan to pay salaries — minus Lagos

The federal government has given approval for the release of N28 billion as budget loan for 35 states, excluding Lagos which does not need it.Udoma Udoma, minister of budget and national planning made this known to reporters at the end of the national economic council (NEC) meeting chaired by Vice-President Yemi Osinbajo.According to him, each state will receive N800 million to [...]

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    INFOGRAPHIC: What each ministry got in the 2018 budget

INFOGRAPHIC: What each ministry got in the 2018 budget

The federal government submitted a proposed expenditure budget of N8.612 trillion for 2018 to a joint assembly of the national assembly on November 7.According to President Muhammadu Buhari, the budget is supposed to consolidate the efforts already made with the 2017 budget in developing infrastructure and maintaining economic growth.A breakdown of the 1,918-paged document shows that the ministry of finance [...]

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    We can’t disclose how states spent N388.3bn Paris club refund, says FG

We can’t disclose how states spent N388.3bn Paris club refund, says FG

Ahmed Idris, accountant general of the federation, says N388.304 billion spending of London Paris club loan refunds by 35 states “is protected by professional privilege, and therefore confidential.”Idris said this in response to a suit filed by Socio-Economic Rights and Accountability Project (SERAP).The federal government released N388.304 billion of the N522.74 billion to 35 states as refunds of over-deductions on London-Paris [...]

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    FG raises N6.7bn from savings bond in eight months

FG raises N6.7bn from savings bond in eight months

The federal government has raised N6.7 billion through the auction of savings bonds in the last eight months, the Debt Management Office (DMO) has said.An analysis of data from the DMO showed that the savings bond was highly subscribed in the first few months.At its debut offer in March, the debt office raised N2.068 billion from the 13.01 percent two-year [...]

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    EXTRA: Looters list should include players of Umbrella Utd and Broomers FC, says Shehu Sani

EXTRA: Looters list should include players of Umbrella Utd and Broomers FC, says Shehu Sani

Shehu Sani, senator representing Kaduna central, says the federal government must be impartial when publishing the list of alleged looters.Adetokunbo Mumuni, executive secretary, Socio-Economic Rights and Accountability Project (SERAP), had quoted Abubakar Malami, attorney-general of the federation, as saying President Muhammadu Buhari had directed all relevant agencies to compile documents on names of all “looters”.The directive is to enforce the [...]

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    How FG plans to fund N3.52trn deficit in 2018 budget

How FG plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.According to the medium term expenditure framework (MTEF) and fiscal strategy paper (FSP), 43.2 percent of funds are projected to come from oil revenue, while 56.8 percent is to be earned from non-oil sources.Data from the MTEF and [...]

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    Doctors continue strike despite marathon meeting with FG

Doctors continue strike despite marathon meeting with FG

The National Association of Resident Doctors (NARD) has refused to call off its strike despite meeting with the federal government over its action.On Wednesday, a federal government delegation led by Isaac Adewole, minister of health, and Chris Ngige, minister of labour and employment, met with the leadership of NARD to resolve the problem. The meeting spilled into Thursday.In a statement [...]

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    We have a non-performing government, says Olisa Agbakoba

We have a non-performing government, says Olisa Agbakoba

Olisa Agbakoba, a former president of the Nigerian Bar Association (NBA), has said "the non-performing government we have" in the country cannot attract foreign direct investment.Speaking on Monday at the ongoing annual general conference of the NBA in Lagos, he blamed inept leadership for country's underdevelopment.He described the country's poor leaders as the "central challenge" facing Nigeria.The senior advocate of Nigeria (SAN) said [...]

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Exchange Rates

April 18, 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.
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