Business

FG, Lagos to earn $201bn from Lekki Port

  Bayo Akomolafe   The Lekki Deep Sea Port is to generate over $201 billion in revenue for both the Federal Government and Lagos State during concession period. The Chairman, Lekki Port Board of Directors, Mr. Biodun Dabiri disclosed this on Monday during the Completion of Construction Ceremony, at Ibeju, Lekki in Lagos. The chairman said that the […]

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FG, states & LGs share N700bn revenue as Sept allocation

  Abdulwahab Isa, Abuja The Federation Account Allocation Committee (FAAC), at its meeting late Wednesday night, approved for  sharing a total sum of N700.235 billion to the three tiers of government, as the federation allocation for the month of September, 2022. The amount comprised  gross statutory revenue, Value Added Tax (VAT), and Electonic Money Transfer Levy (EMTL). […]

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FG rejected over 4,000 National Honours applicants

The Federal Government has disclosed that over 4, 000 applications for 2022 National Honours Award consideration were rejected by the Screening Committee. The Minister of Special Duties and Inter-Governmental Affairs, Senator George Akume, yesterday revealed that over 5, 000 applications were received, but after rigorous selection procedures and subsequent screening of applicants, only 450 citizens […]

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Court strikes out NANS’ suit against ASUU, FG

  The National Industrial Court (NIC) sitting in Abuja, on Tuesday, struck out a suit the National Association of Nigerian Students (NANS) filed to compel the Academic Staff Union of Universities (ASUU) and the Federal Government to call off the ongoing strike action. Justice Polycarp Hamman terminated further proceedings in the matter, after it was […]

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FG, ASUU to resume negotiation next week– Ngige

    The Federal Government says it will resume its negotiations with the striking Academic Staff Union of Universities (ASUU) next week, with a view to ending the prolonged closure of Nigerian public universities. The Minister of Labour and Employment, Sen. Chris Ngige, said this in his opening remarks at a meeting between the government […]

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INVESTIGATION: FG yet to gazette Islamic groups’ proscription

There are strong indications that the Federal Government is yet to gazette a subsisting order of a Federal High Court in Abuja proscribing the activities of Yan Bindiga, and Yan Ta’adda “Islamic” Groups, about two months after, investigation by New Telegraph has revealed. Recall that sometime in November, 2021, Justice Taiwo Taiwo had declared the […]

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FG provides 75bn support to business owners –DGSMEDAN

The Director-General, SMEDAN, Dr. Dikko Umar Radda, has said that the Federal Government had provided N75 billion support for business owners across the country. Radda made the disclosure while speaking with newsmen in Katsina, yesterday. He noted that the funds were provided to cushion the effect of COVID-19 on formalisation, payroll support, general grants, grant, […]

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FG to IMF: Our N32.92trn debt stock sustainable

Minister of Finance, Budget and National Planning, and National Planning, Mrs. Zainab Ahmed, has said Nigeria’s debt stock standing at N32.92 trillion is sustainable. In a message to the Director, International Monetary Funds (IMF) Africa Department, Abebe Selassie, the minister, however, said the Federal Government was only bothered with pressures of debt services. She commended […]

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FG to bandits, insurgents: No negotiation, we’ll crush you

…rules out engagement of mercenaries to tackle Boko Haram The Federal Government has ruled out the possibility of negotiation with bandits and insurgents, but opted to deploy all necessary force to crush them. National Security Adviser (NSA), Maj-Gen. Babagana Monguno (rtd.) made this declaration yesterday at the weekly ministerial briefing in the Presidential Villa. He […]

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FG: Economy shows signs of stability, but fragile

…boosts NAFDAC’s capacity to detect fake drugs The Federal Government has disclosed that the nation’s economy has begun to exhibit some measures of stability with its recent exit from recession, but cautioned that some sectors were still showing signs of fragility. Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this yesterday, while briefing […]

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