Thursday, April 18, 2019

Tag "FG"

    PDP says FG’s plan to increase VAT is cruel

PDP says FG’s plan to increase VAT is cruel

The Peoples Democratic Party (PDP) has described plans by the federal government to increase value-added tax on specific items as cruel and anti-people.In a statement on Friday, Kola Ologbondiyan, PDP spokesperson, said the move shows that President Muhammadu Buhari is insensitive to the plight of the citizens who are already groaning under economic hardship.On Wednesday, Zainab Ahmed, minister of finance, [...]

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    FG files charges against NBC DG over alleged N2.5bn fraud

FG files charges against NBC DG over alleged N2.5bn fraud

The federal government has charged Modibbo Kawu, director-general of the Nigerian Broadcasting Commission (NBC), to an Abuja federal high court over an alleged N2.5 billion fraud.Pinnacle Communications Limited; its founder, Lucky Omonuwa, and Dipo Onifade, its managing director, were also included in the suit.The charges were filed following an investigation by the Independent Corrupt Practices and Other Related Offences Commission [...]

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    Laolu Akande: Obasanjo’s comment on TraderMoni shows ignorance, mischief

Laolu Akande: Obasanjo’s comment on TraderMoni shows ignorance, mischief

Vice-President Yemi Osinbajo has described former president Olusegun Obasanjo's comment on TraderMoni as ignorant and mischievous.In a statement, Laolu Akande, senior special assistant to the vice-president on media and publicity, said the former president has shown a complete misunderstanding of the programme initiated by the federal government to support petty traders.In his state of the nation address tagged 'Points for [...]

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    FG plotting to arrest Onnoghen, says CUPP

FG plotting to arrest Onnoghen, says CUPP

The Coalition of United Political Parties (CUPP) says it has uncovered a plot by the federal government to arrest Walter Onnoghen, chief justice of Nigeria (CJN).Ikenga Ugochinyere, spokesman of the group, made the allegation at a press conference in Abuja on Friday.He said there are plans that a bench warrant be issued by Danladi Usman, chairman of the the Code [...]

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    NLC: We have no problem with FG’s advisory committee on minimum wage

NLC: We have no problem with FG’s advisory committee on minimum wage

Ayuba Wabba, president of the Nigeria Labour Congress (NLC), says the federal government’s advisory committee does not affect the interest of workers.Wabba said this in an interview with NAN in Abuja on Thursday.President Muhamamdu Buhari on Wednesday inaugurated a technical advisory committee on the implementation of the new minimum wage.Wabba said the union "initially" thought the committee was set up [...]

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    Zainab Ahmed backs Ganduje’s plan to buy 540MW from QIPP

Zainab Ahmed backs Ganduje’s plan to buy 540MW from QIPP

The federal government, via the minister of finance, has backed the 540 megawatts Qua Iboe Power Plant (QIPP) proposed by the Kano state government for the re-industrialisation plan of the state.Zainab Ahmed, minister of finance, gave the assurance on Tuesday when she hosted Abdullahi Ganduje, governor of the state, and his team in Abuja.In a statement by Paul Ella Abechi, [...]

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    Buhari releases N15.4bn as ASUU, FG reach an agreement

Buhari releases N15.4bn as ASUU, FG reach an agreement

The Academic Staff Union of Universities (ASUU) and the federal government have finally reached an agreement.The union and the federal government reached the agreement on Monday, after a two-hour meeting in Abuja.The government agreed to release N15.4 billion in salary shortfall for the University teachers.The union is expected to call off its indefinite strike action any time from now.Chris Ngige, [...]

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    Minimum wage: FG’s meeting with labour inconclusive, to reconvene Monday

Minimum wage: FG’s meeting with labour inconclusive, to reconvene Monday

The federal government says it will continue negotiation with organised labour on Monday to prevent the threat of strike action.Chris Ngige, minister of labour and employment, said this after meeting with labour leaders on Friday in Abuja.The Nigeria Labour Congress (NLC) had threatened to embark on a nationwide protest on January 8 to make government transmit the tripartite committee report on the [...]

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    Senate approves N22bn as FG’s refund to Taraba

Senate approves N22bn as FG’s refund to Taraba

The senate has approved N22 billion as the debt payable to Taraba for projects executed on behalf of the federal government in the state.The senate's decision was sequel to a motion sponsored by Francis Alimekhena, senator representing Edo north.Buhari had accused the national assembly of inflating federal government's debts to states.The president had said the senate did not approve any [...]

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    Amnesty: Farmers-herders conflict led to loss of 3,641 lives due to FG’s incompetence

Amnesty: Farmers-herders conflict led to loss of 3,641 lives due to FG’s incompetence

Amnesty International says a total of 3,641 Nigerians have been killed in conflict between herdsmen and farmers in the country since January 2016.The international human rights watchdog blamed this on "gross incompetence" on the part of the authorities and failure of security agencies to respond to warning signals.In 2018 alone, over 1,000 people have reportedly been killed in attacks between herdsmen [...]

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    Garba Shehu: We don’t take Obasanjo seriously anymore

Garba Shehu: We don’t take Obasanjo seriously anymore

Garba Shehu, spokesman of President Muhammadu Buhari, says the presidency no longer takes the utterances of former President Olusegun Obasanjo seriously.Shehu said this during an interactive session with reporters in Abuja on Wednesday.He said he was not in anyway surprised that the former president was reported to have maintained neutrality at a forum, but later backtracked that he never said [...]

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    FG, Abia enter partnership to build Enyimba economic city

FG, Abia enter partnership to build Enyimba economic city

The federal government and Abia state have entered a partnership to build the new Enyimba economic city project.At the signing ceremony of the definitive agreement which held at the presidential villa on Friday, President Muhammadu Buhari said such initiatives were exactly what his administration was looking for to create employment for the people and boost the economy.The president assured the [...]

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    Strike: FG schedules another meeting with ASUU

Strike: FG schedules another meeting with ASUU

The federal government has convened yet another meeting with the Academic Staff Union of Nigerian Universities (ASUU) over the ongoing strike.Chris Ngige, minister of Labour and employment, disclosed this in a statement on Thursday.The statement signed by Samuel Olowookere, director of press in the labour ministry, said the meeting would hold on Monday.The lecturers embarked on the indefinite strike on [...]

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    Picketing n’assembly is punishable by law, reps spokesman warns aggrieved workers

Picketing n’assembly is punishable by law, reps spokesman warns aggrieved workers

Abdulrazak Namdas, spokesman of the house of representatives, says it is against the law for anyone or group of people to stop lawmakers from gaining access into  the national assembly.Namdas said this on Thursday while briefing reporters on steps to tackle the industrial dispute with parliamentary workers."It is an offence to picket the national assembly. Nobody is against the interests [...]

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    FG secures fresh $200m loan from AfDB to fund electrification project

FG secures fresh $200m loan from AfDB to fund electrification project

The federal government has secured a $200 million loan from the African Development Bank (AfDB) to fund electrification projects in the country.In a statement on Monday, the bank said its board of directors approved the sovereign loan to finance the Nigeria Electrification Project (NEP).While AfDB approved $150 million, the Africa Growing Together Fund (AGTF), a $2 billion facility sponsored by [...]

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    Sokoto rally: We are wiser, youths tell PDP

Sokoto rally: We are wiser, youths tell PDP

A group of youths under the auspices of Arewa Proactive Youth Coalition has dismissed the flag-off of the Peoples Democratic Party (PDP) presidential campaign in Sokoto.Inuwa Bako, president of the group, described it as a scam which they will never fall for because Arewa youths are wiser now.Bako asked Nigerians to be wary of PDP’s ability to transparently manage public resources.He [...]

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Exchange Rates

April 17, 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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