$20bn needed yearly to achieve 2027 economic target -Edun
December 21, 2024
FG unveils new public service rules The Federal Government has unveiled the new Public Service Rules for immediate implementation in the service. The unveiling was done by Mr Olawale Edun, Special Adviser to President Bola Tinubu on monetary policies, at a public service lecture, as part of the activities to[Read More…]
FG Approves six Companies to Import Petroleum Products The Federal Government, has granted approval to six new companies for the importation of petroleum products into Nigeria. The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed made this known on Monday, June 19, at the[Read More…]
FG restores immigration documents of Seplat boss Seplat Energy has announced that the working permit, Combined Expatriate Residence Permit and Aliens Card (CERPAC) and other visas for the entry or stay in Nigeria of the company’s Chief Executive Officer (CEO), Roger Brown have been restored by Ministry of Interior and[Read More…]
FG recommences registration for digital money lenders The Federal Government has announced the date to recommence Digital Money Lenders’ registration in Nigeria. The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission [FCCPC] Babatunde Irukera disclosed this in a statement. Irukera noted that the development is coming following[Read More…]
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due to a drop in the retained revenue.[Read More…]
The Federal Government (FG) has said Nigerian banks and other financial institutions can now issue debit cards that can double as national identity cards at no extra cost. The Minister of Communications and Digital Economy, Isa Pantami, made this known on Wednesday, during a press briefing following the valedictory Federal[Read More…]
The Federal Government on Tuesday launched Gender and Environmental Reporting Frameworks in Extractive Industries to meet Nigeria’s reporting obligation to the global Extractive Industries Transparency Initiative (EITI). The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed unveiled the frameworks in Abuja during her visit to the Nigeria Extractive[Read More…]
The Federal Government has condemned the attack on the motorcade of staff of United States (U.S.) Consulate in Nigeria by gunmen in Ogabru Local Government Area (LGA) of Anambra which left four people dead. The Ministry of Foreign Affairs condemned the attack in a statement by the ministry’s Spokesperson, Francisca[Read More…]
The Federal Government says it spends N1 million annually to cater for each of the inmates at the correctional facilities in the country. Sola Fasure, the Media Adviser to the Minister of Interior, Rauf Aregbesola, made this known in a statement on Saturday in Abuja. According to the statement, the[Read More…]
The Nigeria Employers’ Consultative Association (NECA) has advised the Federal Government to suspend its new excise duty, taxes and levies. Its Director-General, Adewale-Smatt Oyerinde, in a statement, noted that the increases, if implemented, would be counter-productive, as they would aggravate the rate of unemployment, encourage smuggling, discourage foreign direct investment[Read More…]