Friday, April 5, 2019

Tag "FG"

    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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    TSA breach: FG to pay N1.2m to six banks as court strikes out suit

TSA breach: FG to pay N1.2m to six banks as court strikes out suit

A federal high court sitting in Lagos on Wednesday struck out a suit filed by the federal government against seven commercial banks.According to Channels TV, Chuka Obiozor, the presiding judge, struck out the suit and awarded a cost of N200,000 against the federal government and in favour of all the affected banks except Skye Bank which was not represented in [...]

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    FG to commence payment of workers’ outstanding allowances

FG to commence payment of workers’ outstanding allowances

The federal government on Monday said that it would soon commence the payment of outstanding allowances for workers in ministries, departments and agencies (MDAs) in the country.Winifred Oyo-Ita, head of civil service of the federation, said this at a news conference to mark the 2017 civil service week in Abuja.The 2017 theme of the week is "Entrenching a Citizen-Centred Service [...]

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    Group advises FG to invest more in education research

Group advises FG to invest more in education research

Education Data, Research and Evaluation in Nigeria (EDOREN) initiative, a UK government-funded project of the Department for International Development (DFID), has called on the federal government to invest more in the education sector.EDOREN made the call at its project advisory committee (PAC) meeting in Abuja.It said the result of such studies would guide in formulating appropriate policies for Nigeria’s education [...]

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    Finish your refinery before 2019, FG urges Dangote

Finish your refinery before 2019, FG urges Dangote

The federal government has urged Aliko Dangote, president of Dangote group, to make sure that he achieves his target of ending fuel importation in the country by December 2019.Ibe Kachikwu, minister of state for petroleum resources, made the call when he visited the Dangote oil refinery site at Lekki free trade zone, Lagos state, on Monday.He said there would be [...]

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    Resident doctors give FG 21-day ultimatum to avert nationwide strike

Resident doctors give FG 21-day ultimatum to avert nationwide strike

Resident doctors have issued a 21-day ultimatum to the federal government to meet their demands, else they will embark on a nationwide strike.The decision was made on Saturday at the end of the national executive council meeting of the National Association of Resident Doctors (NARD) in Calabar, Cross River.In a communique signed by its president, Onyebueze John; secretary general, Aneke Emmanuel [...]

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    Arewa youth accuse FG of watching ‘in silence as Kanu threatens Nigeria’s unity’

Arewa youth accuse FG of watching ‘in silence as Kanu threatens Nigeria’s unity’

Arewa youth groups have called on the federal government to arrest Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), for allegedly breaching his bail conditions.Speaking under the umbrella of Arewa Youth Assembly (AYA), they said Kanu had violated all the conditions handed him by justice Binta Nyako of the federal high court, Abuja.Mohammed Salihu, speaker of the AYA, and [...]

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    Nigeria may stay longer in recession, says Emefiele

Nigeria may stay longer in recession, says Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) says the country may stay longer in recession if bold bold policies are not activated to support the current fragile growth.Speaking after the monetary policy meeting on Tuesday, Emefiele said forecast available to the committee shows that Nigeria's recovery from recession remains very fragile and must be supported to avoided [...]

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    FG releases guidelines to tackle clandestine recruitment in MDAs

FG releases guidelines to tackle clandestine recruitment in MDAs

The federal government on Sunday released new guidelines to address the “indiscriminate and clandestine” recruitment going on in federal ministries, departments and agencies.The practice is said to have resulted in the “ballooning” of the federal government’s payroll and could lead to non-payment of workers’ salaries and budget shortfalls.The guidelines were contained in a circular issued by Habiba Lawal, acting secretary to [...]

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    Expect more floods in 30 states, FG alerts Nigerians

Expect more floods in 30 states, FG alerts Nigerians

Suleiman Adamu, minister of water resources, on Wednesday, said 30 states and over 100 local government areas categorised as "high flood risk areas" should expect more flooding.He said the delay in commencement of the rains, the monsoon wind, and the rising sea levels are factors that will further increase floods in states like Lagos, Rivers and Cross River, among others."In [...]

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    FG targets $1bn from voluntary income declaration

FG targets $1bn from voluntary income declaration

Kemi Adeosun, minister of finance, says Nigeria will realise over a billion dollars from the recent executive order signed by Acting President Yemi Osinbajo.On Thursday, Osinbajo signed an executive order to give room for Nigerians to regularise their taxes.Adeosun was speaking on the Sunrise Daily, a Channels television programme, on Monday.She said after 15 months of work, it was discovered that [...]

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    REVEALED: FG plans 5-year jail term for celebrities who evade taxes

REVEALED: FG plans 5-year jail term for celebrities who evade taxes

The federal government has fine-tuned plans to punish and possibly jail entertainers who evade taxes after the nine-month grace period set out by the recently launched voluntary asset and income declaration scheme (VAIDS).TheCable learnt that for 15 months, the federal government via various agencies and departments, to include the private sector, has been gathering information on tax compliance of many [...]

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    FG denies sale, concession of refineries, says it only approved upgrade

FG denies sale, concession of refineries, says it only approved upgrade

The federal government said on Wednesday that it has no plans to concession or sell the refineries in the country.President Muhammadu Buhari said this while declaring open the 5th triennial national delegates’ conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday in Abuja.Buhari, who was represented by Ibe Kachikwu, the minister of state for [...]

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    Saraki: I’m sure nothing will come out of the appeal against CCT verdict

Saraki: I’m sure nothing will come out of the appeal against CCT verdict

Senate President Bukola Saraki has expressed confidence that the appeal against the judgement of the Code of Conduct Tribunal (CCT) which acquitted him of an 18-count charge of false asset declaration, will end in futility.On Tuesday, the federal government filed 11 grounds notice of appeal against the ruling at an appellate court in Abuja.But in a statement on Friday, Saraki said [...]

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Exchange Rates

April 5, 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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