Thursday, September 13, 2018

Tag "FG"

    FG employs 200,000 graduates, places them on N30,000 salary

FG employs 200,000 graduates, places them on N30,000 salary

The federal government has employed 200, 000 graduates to work as teachers and agricultural extension workers across the country.Laolu Akande, senior special assistant to the vice president on media, disclosed this at the second presidential economic communication workshop in Abuja on Friday.He said they would only work for two years."We have selected 200,000 graduates out of 500,000. This is the [...]

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    3 supreme court officials charged over N2.2bn ‘fraud’

3 supreme court officials charged over N2.2bn ‘fraud’

The federal government on Thursday charged three supreme court officials with a N2.2 billion fraud.The officials are Ahmed Gambo Saleh, Muhammed Sharif and Rilwanu Lawal.They were accused of diverting N2.2 billion, belonging to the apex court into a personal bank account between 2009 and 2016.They were said to have received gratification to the sum of N10 million from Willysdave Ltd, a [...]

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    FG approves 8 new universities

FG approves 8 new universities

The federal government has approved the establishment of eight new private universities.Anthony Anwuka, minister of state for education, disclosed this while addressing state house correspondents at the end of Wednesday's federal executive council (FEC).Anwuka said the ministry of education had sought for approval after the NUC made recommendation.The universities are Anchor University, Ayobo, Lagos; Arthur Jarvis Akpabuyo University, Calabar, Cross [...]

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    For the 5th time, FG fails to produce Dasuki in court

For the 5th time, FG fails to produce Dasuki in court

The trial of Sambo Dasuki, former national security adviser (NSA), at an Abuja high court did not commence ‎on Thursday owing to the inability of the federal government to make him available.Dasuki is facing 22-count charges of money laundering and criminal breach of trust brought against him by the Economic and Financial Crimes Commission (EFCC).Over the course of his trial, [...]

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    4 things Niger Delta monarchs want from FG if peace must return to the region

4 things Niger Delta monarchs want from FG if peace must return to the region

Niger Delta leaders on Thursday listed to the federal government, four key issues causing agitation in the oil-rich region.The region's monarchs demanded the return of a golden sword taken from Gbaramatu kingdom by Nigerian troops, the opening of maritime university, the release of 10 youths arrested during a raid on Oporoza community and cessation of hostilities by the militaryThey said peace and confidence of [...]

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    FG revokes license of firm over ‘illicit’ diversion of explosives

FG revokes license of firm over ‘illicit’ diversion of explosives

The federal government has blacklisted a private firm operating in Koko, Delta state, for allegedly diverting explosives.Kayode Fayemi, minister of solid mineral development, has also ordered the sealing off of the company's premises and withdrawal of its explosive distribution licenses."The action by the government followed the outcome of investigations by the office of the national security adviser (NSA), which revealed [...]

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    Nigerians get ‘grace period’ to register on FG job website

Nigerians get ‘grace period’ to register on FG job website

The federal government has extended the deadline for "unemployed Nigerians" to register on the N-Power jobs portal.The application process, which was scheduled to end on July 25, has now been extended till the end of August.A statement released on Monday by Laolu Akande, Senior Special Assistant to the Vice-President on Media and Publicity, indicated that the extension was borne out [...]

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    Time to pay salaries? FG shares N559.03bn with states

Time to pay salaries? FG shares N559.03bn with states

States are now a step closer to paying salaries as the federal government shared more than half a trillion for the month of June, the highest in since July 2015.The three tiers of government shared N559.03 billion from the federation account for June 2016, significantly higher than the N305.128 billion shared in May.Despite the activities of oil vandals and the reduction in [...]

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Aviation fuel scarcity disrupting our operations, Air Peace tells FG

Air Peace has appealed to the federal government and aviation authorities to urgently intervene in the lingering scarcity of JET-A1 fuel, saying the development has disrupted the operations of airlines in the country.In a statement signed by Oluwatoyin Olajide, chief operating officer of Air Peace, the airline said despite the airline's efforts to source aviation fuel for its operations, some [...]

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    Arms probe report not doctored, says FG

Arms probe report not doctored, says FG

The federal government on Friday rejected insinuations suggesting that the report of the committee auditing the procurement of arms between 2007 and 2015, was doctored.The government also noted that the committee would soon begin the audit of procurement of the armed forces between 2007 and 2010.In a statement, Lai Mohammed (pictured), minister of information and culture, said the audit carried out [...]

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    Reps say FG has failed in its responsibilities to IDPs

Reps say FG has failed in its responsibilities to IDPs

The house of representatives has accused the federal government of failing in addressing the situation of internally displaced persons (IDPs) in the north-east.The legislators said this in a document released in Abuja by its committee on IDPs, refugees and federal government initiatives on north-east region and signed by the chairman of the committee, Sani Zoro.The representatives said FG's support services are not [...]

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    GOOD NEWS: Buhari pays N1.6bn to 638 YouWin awardees

GOOD NEWS: Buhari pays N1.6bn to 638 YouWin awardees

The federal government has paid N1.6 billion to 638 awardees of the Youth Enterprise with Innovation in Nigeria (YouWin) programme, an initiative of the past government.There have been fears about the government of President Muhammadu Buhari scrapping the programme, with series of protests over the delay in grants.But Na’inna Dambatta, director of information at the ministry of information, said the [...]

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    Kachikwu: FG ready to drill oil in Chad Basin

Kachikwu: FG ready to drill oil in Chad Basin

Ibe Kachikwu, minister of state for petroleum resources, says the federal government remains resolute to its commitment on exploration of oil and gas in the inland basins, especially Chad Basin and the Benue Trough.In a statement issued by Garba Deen Muhammad, Kachikwu, who doubles as the group managing director of the Nigerian National Petroleum Corporation (NNPC), revealed that the corporation is [...]

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    BPP ‘stopped’ FG from wasting N680bn in 5 years

BPP ‘stopped’ FG from wasting N680bn in 5 years

The Bureau of Public Procurement (BPP) says it stopped the federal government from wasting N680 billion in five years, promising to be stricter in the years ahead.Ahmed Abdul, the acting director-general of the bureau, made this disclosure at the end of the second National Conference on Public Procurement (NACOPP), adding that further savings in the contract award process will mean [...]

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    Petrol subsidy returns, FG to pay N5.8bn in April

Petrol subsidy returns, FG to pay N5.8bn in April

With the open market price of premium motor spirit (PMS) rising to N92.34, the federal government has returned to petroleum subsidy, as it insists on retaining the current price.According to the petroleum product pricing regulation agency (PPPRA), the government will begin to pay N5.84 on every litre of petrol sold from April 1, 2016.The template also revealed that on every metric [...]

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Exchange Rates

September 12, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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