Tuesday, March 19, 2019

Tag "FG"

    FULL LIST: 25 roads N100bn Sukuk proceeds will be spent on

FULL LIST: 25 roads N100bn Sukuk proceeds will be spent on

On Thursday, the ministry of power, works and housing received N100 billion proceeds from the Sukuk bonds subscription.Kemi Adeosun, minister of finance, while presenting the cheque to Babatunde Fashola, minister of power, works and housing, said the proceeds would be used to support the federal government's capital spending for 2017.She also said the proceeds "is about financial inclusion" and deepening [...]

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    FG approves N25.9bn to settle debt owed DisCos

FG approves N25.9bn to settle debt owed DisCos

The federal executive council (FEC) has approved the payment of N25.99 billion debt owed by ministries, departments, and agencies (MDAs) to electricity distribution companies (DisCos).The amount is part of the N67.41 billion the discos said they were being owed by the MDAs.Babatunde Fashola, minister of power, works and housing, divulged this to state house reporters shortly after the FEC meeting [...]

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    Atiku asks FG to fulfill promise of making Nigerians safe

Atiku asks FG to fulfill promise of making Nigerians safe

Former Vice-President Atiku Abubakar has called on the federal government to fulfil its promise of making Nigerians "feel safe again".In a statement seen by TheCable, Paul Ibe, his media aide, Atiku said those who have suffered from the Boko Haram insurgency deserve to get the treatment and support they need.The former vice-president also said some people could be using the [...]

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    FG to punish MDAs that pay for constituency projects without clearance

FG to punish MDAs that pay for constituency projects without clearance

The federal government says ministries, departments and agencies (MDAs) that pay for constituency projects without due clearance will henceforth be punished.Habiba Lawal, acting secretary to the government of the federation, said this on Thursday at a stakeholders forum on the implementation of zonal intervention/constituency projects in Abuja.She said henceforth, the SGF office would need to clear MDAs before such payments [...]

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    FG, health workers fail to reach agreement

FG, health workers fail to reach agreement

The federal government has not been able to reach an agreement with striking health workers in the country.On Tuesday, Chris Ngige, minister of labour and employment, and Isaac Adewole, health minister, met with the leadership of the Joint Health Sector Union (JOHESU), but the meeting ended in deadlock.Ngige criticised the health workers for "not following the provisions" of existing labour laws, [...]

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    FG begins emergency repair of Lagos roads, bridges

FG begins emergency repair of Lagos roads, bridges

The federal government has begun emergency and remedial repair of some major roads and bridges in Lagos state, Godwin Eke, the federal controller of works, said on Sunday.Eke told journalists in Lagos that some of the bad roads required urgent attention and that the federal government was determined to make all federal roads across the country motorable.He stated that repair [...]

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    Crackdown on IPOB is FG’s ‘tactic to thwart restructuring’

Crackdown on IPOB is FG’s ‘tactic to thwart restructuring’

The Eastern Consultative Forum (ECA) has described the branding of the Indigenous People of Biafra (IPOB ) as a terrorist group and its proscription by south-east governors as an attempt by the federal government to impede the clamour for restructuring.In a statement signed by its secretary, Elliot Ugochukwu-Uko, the group said the military exercise by the Nigerian army tagged 'Operation Python Dance [...]

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    Group threatens to sue FG over ‘exclusion’ of south-east from NNPC board

Group threatens to sue FG over ‘exclusion’ of south-east from NNPC board

The Human Rights Law Service (HURILAWS) has threatened to sue the federal government in seven days if it does not implement the federal character principle in the National Petroleum Corporation (NNPC) in seven days.In a letter dated September 9 and addressed to Shettima Abba, acting chairman of federal character commission, Collins Okeke, a senior legal officer of HURILAWS, noted that [...]

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    Ex-Arik directors sue FG, Ethiopian Airlines over takeover reports

Ex-Arik directors sue FG, Ethiopian Airlines over takeover reports

Lawyers representing former directors of Arik Air have filed a N20 billion suit against the federal government and Ethiopian Airlines over recent claims of negotiating the takeover of the airline.The suit was instituted at the federal high court, Lagos, against Ethiopian Airlines, the federal ministry of transportation and the attorney general of the federation (AGF).NAN reports that the suit was filed [...]

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    Doctors fail to suspend strike as FG breaches agreement

Doctors fail to suspend strike as FG breaches agreement

Hope that strike by the National Association of Resident Doctors (NARD) would be suspended was dashed on Friday as the federal government breached an agreement it reached with the association.The government failed to pay a backlog of salary arrears to the doctors as it promised to do on Wednesday.Arikawe Adeolu, a member of the national executive council of NARD, confirmed [...]

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    Anambra, Borno… nine states ‘owing workers after Paris club refund’

Anambra, Borno… nine states ‘owing workers after Paris club refund’

While most states in the country have utilised the second tranche of the Paris Club refund they received, Anambra and Borno are among the nine states which are yet to do so, according to a survey by NAN.The other states are Gombe, Ebonyi, Enugu, Bauchi, Cross River and Imo.The federal government had advised state governments to use between 50 and 75 per cent of [...]

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    FG building 2736 housing units in 33 states, says Fashola

FG building 2736 housing units in 33 states, says Fashola

Babatunde Fashola, minister of power, works, and housing, has said 2,736 housing units were being built by the federal government in 33 states.According to Fashola, the ongoing construction is the pilot-phase of the federal government's national housing programme.Speaking on Thursday at the sixth edition of the national council on land, housing and urban development in Abuja, he said: "I am pleased [...]

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    FG directs NBC to sanction stations that broadcast hate speech

FG directs NBC to sanction stations that broadcast hate speech

The federal government on Thursday directed the National Broadcasting Commission (NBC) to sanction any radio or television station that broadcasts hate speech.Lai Mohammed, minister of information and culture, issued the directive in Abuja at the annual lecture series of the NBC and the 25th anniversary of the commission.The minister said the directive was part of efforts to stem the growing [...]

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    FG asks court to send Kanu back to prison

FG asks court to send Kanu back to prison

The federal government has asked a federal high court in Abuja to revoke the bail it granted Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB).On April 25, Kanu was granted bail on health grounds.But in a motion dated August 1, Magaji Labaran of the federal ministry of justice said the IPOB leader has violated his bail conditions and threatened the [...]

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    Hate speech will be considered an act of terrorism, says Osinbajo

Hate speech will be considered an act of terrorism, says Osinbajo

Acting President Yemi Osinbajo has described hate speech as an act of terrorism, saying the federal government has drawn a line on in it.Osinbajo said this on Thursday at a security retreat with members of the national economic council (NEC).  The programme is holding at the presidential villa in Abuja.The acting president said the silence of the country's leaders on [...]

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    FG donates 5,000 metric tons of rice to World Food Programme

FG donates 5,000 metric tons of rice to World Food Programme

The federal government of Nigeria has donated 5,000 metric tons of rice to the United Nations World Food Programme (WFP).According to WFP, this will help feed nearly half-a-million internally displaced people in the conflict-ravaged northeast of the country, where the threat of famine endures.WFP added that it had already begun moving the first batch of donated rice – and expects [...]

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Exchange Rates

March 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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