The Federal Government has welcomed the statements from the United States and the United Kingdom demanding credible and peaceful election in Nigeria and threatening punitive measures against election riggers and perpetrators of electoral violence. In a statement issued in Ilorin on Friday, the Minister of Information and Culture, Alhaji Lai Mohammed, said the Federal Government […]
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday cautioned the federal government on the sharp increase in the size of the nation’s external debt which rose by 109 percent to $21.6 billion as at September 30th 2018, from $11.28 billion on June 30th, 2015. Meanwhile, the committee retained the Monetary […]
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The Federal Government is not leaving any stone unturned in its effort to trace and repatriate illicit funds that might had been looted and stashed away in far away in Dubai, United Arab Emirate by influential but fraudulent politicians and top government officials. Top government officials fear that such stolen fund might find its way […]
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As the face-off between the Academic Staff Union of Universities, ASUU and the Federal Government continues, the union, yesterday, asked government to provide concrete evidence of the payment of at least ₦50 billion revitalisation fund to end the strike. Though, other demands of the union, are still pending, the union said the proof of the […]
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The National Pension Commission (PenCom) has cleared 135 companies to bid and participate in federal government businesses. The firms have been issued with certificate of compliance to enable them participate in government deals. PenCom disclosed this in a recent statement published on its website. The companies were certified fit for business by the commission as […]
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Between January and September last year, the Federal Government recorded a fiscal deficit of ₦889.61 billion in its operations, figures obtained from the Central Bank of Nigeria have revealed. The 2018 budget which was signed by President Muhammadu Buhari had a total spending of ₦9.1 trillion made up of ₦2.87 trillion for capital expenditure, ₦3.51 […]
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The Federal Government has decided to use the ₦100 billion Sovereign Sukuk bonds proceeds to construct 642.69 kilometres of roads across in Nigeria. The cheque for the money was presented by the Finance minister, Zainab Ahmed, to Mr Babatunde Fashola, Minister of Power, Works and Housing on Thursday in Abuja. Fashola said that the money […]
Read More The Federal Government has reached an agreement with members of the Academic Staff Union of Universities (ASUU). Addressing journalists on Monday evening after the meeting with the striking lecturers in Abuja, the Minister of Labour and Employment, Chris Ngige, said the majority of their demands have been met including the release of ₦15.4 billion for […]
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The Federal Government and African Development Bank, AfDB, yesterday, launched a comprehensive $258 million multi-sectoral intervention fund for North East rehabilitation programme. The programme, tagged “Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme,” is aimed at bolstering rehabilitation efforts in the region. The event, which was launched by Vice President Yemi Osinbajo at AfDB premises, […]
Read More The Federal Government says it will continue negotiation process with the Academic Staff Union of Universities (ASUU) on Monday to resolve ongoing industrial action embarked by the striking lecturers. Sen. Chris Ngige, Minister of Labour and Employment said this in a statement signed on Saturday in Abuja by Mr Samuel Olowookere, Director of Press, in […]
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The conciliatory meeting between Federal Government and leadership of Organised labour over the ₦30,000 minimum wage Friday night was inconclusive. The meeting had started at about 12:30pm Friday and was adjourned till 4.30pm to enable the Minister of Labour and Employment, Senator Chris Ngige, attend another engagement at the Presidential Villa, Abuja. The meeting was […]
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Federal Government has assured the National Insurance Commission (NAICOM) of its support in executing its mandate on existing and prospective operators in the insurance industry. The Minister of Finance, Zainab Shamsuna Ahmed, said the Federal Government will strengthen the Commission to purge the sector of weak operators. Ahmed gave the assurance in Abuja when she […]
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