Monday, March 18, 2019

Tag "FG"

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

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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