Wednesday, November 21, 2018

Tag "Federal Government"

    Dangote group pledges to help Kano, FG out of recession

Dangote group pledges to help Kano, FG out of recession

Dangote group has pledged to support the federal government and Kano state in exploring key sectors of the economy to cushion the effect of the recession among Nigerians.The group said in a statement on Monday in Abuja, that it would exploreopportunities opening up in agriculture, mining and infrastructure, through partnership with the levels of government.Halima Dangote, an executive director of [...]

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    ASUU: TSA is good but universities should be exempted from it

ASUU: TSA is good but universities should be exempted from it

The Treasury Single Account (TSA), introduced by the federal government to check corruption, is stalling research in the universities, according to the Academic Union of Universities (ASUU).Exempting the universities from the TSA is among the demands of ASUU, whose members embarked on a one-week warning strike on Wednesday.According to Biodun Ogunyemi, its national president, other demands include the payment of [...]

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    Lawyer: We’re not aware of FG’s offer to allow Dasuki attend father’s funeral

Lawyer: We’re not aware of FG’s offer to allow Dasuki attend father’s funeral

⁠⁠⁠Ahmed Raji (SAN), counsel to Sambo Dasuki, former national security adviser (NSA), says he is not aware of the offer of the government to allow his client attend his father's funeral. ‎Ibrahim Dasuki, ex-sultan of Sokoto and father of Sambo, died on Monday in Abuja, but he was buried in Sokoto on Tuesday.Dasuki, who has been in detention since December [...]

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    Recovered loot in FG’s consolidated account, says EFCC

Recovered loot in FG’s consolidated account, says EFCC

The Economic and Financial Crimes Commission (EFCC) says all looted funds recovered by it are paid into the consolidated revenue account of the federal government.The commission made this known on its Twitter handle, @officialefcc, while responding to a question from one of its followers.In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we [...]

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    Fashola: FG patronises foreigners because Nigerian firms lack capacity

Fashola: FG patronises foreigners because Nigerian firms lack capacity

Babatunde Fashola, minister of power, works and housing, has blamed Nigerian engineers for creating the vacuum that makes the federal government patronise foreign contractors.Fashola said this when a delegation of the Nigerian Society of Engineers (NSE) led by its president, Otis Anyaeji, paid him a courtesy visit.He said the failure of Nigerian engineering firms to bid for government projects was responsible for the patronage of foreign contractors.“If [...]

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    Falana to FG: $30bn loan will jeopardise destiny of future generations

Falana to FG: $30bn loan will jeopardise destiny of future generations

Femi Falana, human rights activist and Senior Advocate of Nigeria (SAN), has called on the federal government to shelve its plan to borrow $29.960 billion to execute key projects across the country.He said the government would be putting the collective destiny of the younger generation in jeopardy should be loan be secured.President Muhammadu Buhari recently sought the approval of the [...]

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    Alhassan, minister of women affairs, slumps at IDP camp

Alhassan, minister of women affairs, slumps at IDP camp

Aisha Alhassan, minister of women affairs, slumped on Monday while speaking to women at the camp for internally displaced person in Fufore local government area of Adamawa state.According to THISDAY, Alhassan had arrived in crutches to speak with the women about the alleged sexual abuse on girls and women in camps in the north east.As she spoke, she slumped.She was given [...]

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    Nigeria’s federating units: A case for the devolution of powers

Nigeria’s federating units: A case for the devolution of powers

BY UGOCHUKWU AMASIKEOne of the tragedies of the current unitary system of governance we practice; and the consequential mono-product economy it's foisted on the Nigerian federation, is the transformation of Nigeria's federating units into dependent and mere distribution centres.Today, Nigeria has states that are incapable of meeting the most elementary requirements of a government, even the payment of salaries is a herculean task, not to [...]

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    Looming strike: 14 institutions owe staff 10 months salaries

Looming strike: 14 institutions owe staff 10 months salaries

The Academic Staff Union of Polytechnics (ASUP) has decried the non-payment of 10 months salaries in 14 institutions.Chika Ogonwa, the ASUP’s coordinator, Zone `D’, made this known in a media briefing after an emergency meeting of the union in Owerri on Wednesday.  [...]

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    Dasuki: God will judge those punishing me for old grievances

Dasuki: God will judge those punishing me for old grievances

Sambo Dasuki, former national security adviser (NSA), on Thursday, told a federal high court in Abuja that he was being punished by some persons in power for perceived grievances they have against him.Dasuki, who did not name any particular person, said that his prosecution was the fallout of a vendetta.Reacting to the government’s request for a secret trial, Dasuki who [...]

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    MTN agrees to pay N330bn over 3 years

MTN agrees to pay N330bn over 3 years

After an eight month long negotiation, the federal government has slashed the fine imposed on MTN to N330 billion, and the organisation has agreed to pay the amount.The sum is a third of N1.04 trillion penalty MTN got from the Nigerian Communications Commission (NCC) for failing  to comply with a directive to disconnect 5.1 million improperly registered lines.According to Tony Ojobo, [...]

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    We are holding Dasuki for his own safety, says FG

We are holding Dasuki for his own safety, says FG

The federal government of Nigeria says it is keeping Sambo Dasuki, former national security adviser (NSA), for his own safety and that of the country.Dodo Kabiru, counsel to the government, made the submission while trying to justify the continued detention of the former NSA, who has been in the custody of the Department of State Services (DSS)  since he was [...]

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    Workers choose FG’s N145/litre over NLC strike

Workers choose FG’s N145/litre over NLC strike

The planned strike action by the Nigerian Labour Congress (NLC) fell short of expectations as workers chose to pitch their tent with the federal government on new pump price of petrol.On May 11, the federal government announced an increase in the pump price of petrol, citing the lack of foreign exchange to continue importation as its reason.After the announcement, labour [...]

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    ECOWAS court gives FG 24 hrs to justify Dasuki’s detention

ECOWAS court gives FG 24 hrs to justify Dasuki’s detention

The Economic Community of West African States (ECOWAS) court has ordered the federal government to justify the detention of  Sambo Dasuki,  former national security adviser (NSA), in one day.The court also ordered Dasuki to state his case against the government in one day.The presiding judge of the regional court, Friday Chijioke Nwoke, gave the order in Abuja on Tuesday at [...]

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    Jonathan sends relief items to Chibok

Jonathan sends relief items to Chibok

The federal government on Monday gave additional relief items to Internally Displaced Persons (IDP) in Chibok, Borno state, to further cushion the effect of the hardship in the area.Muhammed Kanar, the northeast zonal coordinator of the National Emergency Management Agency (NEMA), said in Yola, Adamawa state, that the items were given in compliance to the directive from the presidency.He said the agency [...]

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    FG ‘talking with B’Haram’ to free Chibok girls

FG ‘talking with B’Haram’ to free Chibok girls

The Nigerian government is in talks with Boko Haram to secure the release of more than 200 girls abducted six months ago, Voice of America reported on Friday. The federal government is also negotiating a ceasefire to the insurgency that has ravaged the northeastern part of the country.Hassan Tukur, principal private secretary to President Goodluck Jonathan, is meeting with Danladi Ahmadu, Boko [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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