Saturday, July 13, 2019

Tag "FG"

    FG: Revoking residence permits of Intels’ expatriates NOT political

FG: Revoking residence permits of Intels’ expatriates NOT political

The federal government says the revocation of residence permits of expatriate workers in Integrated Logistic Facilities & Services (Intels) was not politically-motivated.According to Vanguard,  Umana Umana, managing director of Oil and Gas Free Zone Authority (OGFZA), presented documents which show that the affected companies violated the extant laws guiding operations of the nation’s export free zones.Umana said the companies failed in [...]

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    Buhari: Nigeria is now respected abroad — I can’t keep up with invitations

Buhari: Nigeria is now respected abroad — I can’t keep up with invitations

President Muhammadu Buhari says he cannot cope with invitations by foreign governments as a result of the growing respect for Nigeria since he came to power. He also said government officials caught stealing public funds now know they will face the law.He was speaking on Thursday at the book presentation entitled: 'Making Steady, Sustainable Progressive for Nigeria’s Peace and Prosperity: A [...]

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    FG: Kanu behind importation of 2,671 intercepted rifles

FG: Kanu behind importation of 2,671 intercepted rifles

The federal government says the 2,671 seized pump action rifles illegally imported into the country from Turkey could be traced to Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB).The government said this on Tuesday as part of its submissions before the federal high court in Abuja while opposing IPOB’s motion challenging its proscription and declaration as a terrorist [...]

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    CDD: Proscription of IPOB doesn’t stop it from disrupting Anambra poll

CDD: Proscription of IPOB doesn’t stop it from disrupting Anambra poll

The Centre for Democracy and Development (CDD) says the proscription of the Indigenous People of Biafra (IPOB) has not weakened the group.CDD said this in reaction to IPOB's threat to Anambra voters. The group had asked people of the state to shun the poll, threatening that anyone who votes "will die".In a report it released on Monday, CDD said the proscription [...]

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    FG to recover $321m loot from Switzerland 

FG to recover $321m loot from Switzerland 

The federal government says it is set to recover another $321 million looted fund from Switzerland, in addition to the $85 million earlier recovered.Abubakar Malami, minister of justice and attorney-general of the federation, said this on Wednesday while speaking to state house correspondents after the federal executive council meeting."As you are aware, the federal government has been making efforts to [...]

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    Reps want state of emergency declared on federal roads

Reps want state of emergency declared on federal roads

The house of representatives has asked the federal government to declare a state of emergency on federal roads.The call comes days after TheCable reported that four FCT roads are yet to be completed years after construction commenced.The lower legislative chamber on Thursday mandated its works committee to ascertain the status of federal roads, contracts awarded for rehabilitation and report back [...]

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    Produce Kanu before things get out of hand, IPOB warns FG, Igbo leaders

Produce Kanu before things get out of hand, IPOB warns FG, Igbo leaders

The Indigenous People of Biafra (IPOB) has asked the federal government and Igbo leaders to produce Nnamdi Kanu "dead or alive".Kanu has not been seen in public since soldiers of the Nigerian army invaded his Abia residence during the Operation Python Dance exercise.IPOB had accused the army of taking Kanu along with his parents during the raid, although the army [...]

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    Senate asks FG to remove ‘power’ from Fashola’s three-in-one portfolio

Senate asks FG to remove ‘power’ from Fashola’s three-in-one portfolio

The senate has urged the federal government to appoint a separate minister for the ministry of power to ensure optimal performance.Under the present administration, the ministry of power is combined with those of works and housing, with Babatunde Fashola overseeing them.The senate also urged the government to immediately incorporate special purpose vehicles (SPVs) for the implementation of alternative energy projects, [...]

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    FG to ‘deal with any country’ that delays visa issuance to Nigerians

FG to ‘deal with any country’ that delays visa issuance to Nigerians

Abdulrahman Dambazau, minister of interior, has warned that Nigeria would no longer tolerate delay in issuance of visa to its nationals from any country.The minister said this on Monday in Abuja while meeting with Geoffrey Onyeama, foreign affairs minister, to resolve some of the issues militating against visa issuance.The meeting also had in attendance Abubakar Malami, the attorney general of [...]

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    FG to review power sector privatisation

FG to review power sector privatisation

President Muhammadu Buhari says his government will restructure the power sector to optimise the operations of electricity distribution companies (DisCos).The president, who was represented by Zainab Ahmed, minister of state for budget and national planning, said this at the end of the 23rd Nigerian Economic Summit in Abuja on Thursday.He said the review would effect changes in the ownership structures of [...]

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    Investors call for restructuring of power sector

Investors call for restructuring of power sector

Some participants at the Nigerian Economic Summit holding in Abuja have called for the restructuring of power.Tony Elumelu, chairman of Heirs Holding, said the power sector needs to be recapitalised, citing access to electricity as a game-changer in the development of the nation’s economy.Elumelu advised the government to increase their investment in the sector, scaling up ownership from 51% to [...]

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    FG terminates NPA’s pilotage agreement with Intels

FG terminates NPA’s pilotage agreement with Intels

The federal government has asked the Nigerian Ports Authority (NPA) to void the boats pilotage agreement it has with Integrated Logistics Services (Intels).Intels, a logistics and facilities services provider in the maritime and oil and gas sectors, was co-founded by Gabriele Volpi, an Italian national, and Atiku Abubakar, former vice president.THISDAY reports that Abubakar Malami, attorney general of the federation (AGF) [...]

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    SERAP sues FG over failure to stop ‘N40bn double pay earned’ by ex-governors

SERAP sues FG over failure to stop ‘N40bn double pay earned’ by ex-governors

The Socio-Economic Rights and Accountability Project (SERAP) has sued the federal government over its "failure to stop former governors from receiving double pay and life pensions".SERAP is also suing the government for failing to seek the recovery of over "N40bn unduly received by the former governors" who are now serving senators and ministers.The suit was filed last Friday at the [...]

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    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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Exchange Rates

July 12, 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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