Saturday, February 16, 2019

Tag "FG"

    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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    Oil marketers ask FG to pay $2bn fuel subsidy arrears

Oil marketers ask FG to pay $2bn fuel subsidy arrears

The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the federal government to pay the fuel subsidy claims owed to its members.On Monday, some oil marketers had appealed to the federal government to pay their outstanding debts of two billion dollars (N720 billion) owed on the importation of petrol products and the accrued interests on bank loans.Obafemi Olawore, [...]

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    FG appeals ‘unconstitutional’ CCT acquittal of Saraki

FG appeals ‘unconstitutional’ CCT acquittal of Saraki

The federal government has appealed against the judgement of the Code of Conduct Tribunal (CCT) which acquitted Bukola Saraki, senate president, of false assets declaration charge.On June 14, the CCT upheld the no-case submission which Saraki filed after the prosecution closed its case.In an 11 grounds notice of appeal filed on Tuesday and signed by Rotimi Jacobs, prosecuting counsel, the [...]

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    FG signs N4.34bn MoU with Dangote for rebuilding of Apapa wharf road

FG signs N4.34bn MoU with Dangote for rebuilding of Apapa wharf road

Babatunde Fashola, minister of power, works and housing, has signed a memorandum of understanding (MoU) with Dangote Group and other stakeholders for the reconstruction of Apapa wharf road in Lagos.NAN reports that by the signing of the N4.34 billion MoU, the site has been handed over to Dangote and other stakeholders to commence reconstruction of the road.Speaking at the signing of [...]

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    FG to recruit 7,500 graduates as tax liaison officers

FG to recruit 7,500 graduates as tax liaison officers

Kemi Adeosun, minister of finance, says the federal government will recruit 7,500 graduates as community tax liaison officers to raise tax awareness among citizens.Adeosun, along with Babatunde Fowler, chairman, Federal Inland Revenue Service (FIRS), made this known at a joint press briefing in Abuja on Thursday.Adeosun said the recruits would be expected to go to schools, churches, mosques, markets and [...]

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    Igbo quit notice: Rise up and show you’re in charge, Nwodo tells FG

Igbo quit notice: Rise up and show you’re in charge, Nwodo tells FG

John Nwodo, president-general of Ohanaeze Ndigbo worldwide, says it appears that the federal government is "helpless" on the quit notice given to the Igbo in the north by Arewa youth groups.He urged the government to take decisive action on the matter.Nwodo while speaking on Sunrise Daily, a Channels TV programme on Monday, said despite the order issued by Ibrahim Idris, [...]

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Exchange Rates

February 15, 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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