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Tag: Federal government of Nigeria
Release $717m trapped funds to foreign airlines – Senate to CBN, FG
The Nigeria Senate has asked the Central Bank of Nigeria and the federal government to release the $717m trapped foreign Airline’s fund. This was the fallout of a motion on…
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Ekweremadu: Reps Beg For Mercy From UK Government
The House of Representatives has begged the Central Criminal Court and the government of the UK to temper justice with mercy in sentencing former deputy Senate President, Senator Ike Ekweremadu…
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FG spent N50bn on 2m vulnerable Nigerians in 2022
The Federal Government said it had spent N50 billion on vulnerable Nigerians under the National Poverty Reduction with Growth Strategy (NPRGS). Also, the government disclosed that it would be spending…
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Supreme Court Halts FG’s Plan to Implement Old Naira Deadline
The Supreme Court has issued an order of interim injunction restraining the Federal Government and the Central Bank of Nigeria (CBN) from enforcing the February 10 deadline for the phasing out of…
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FG releases fund for school feeding programme
The Federal Government said it has commenced the release of funds for the second school term for the National Home-Grown School Feeding Programme. Though the amount disbursed was not revealed, the…
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FG denies hiking petrol pump price as scarcity persists
The Minister of State Petroleum Resources Chief Timipre sylva has denied any increase in the price of Premium Motor Spirit (PMS). His Senior Adviser (Media & Communications), Horatius Egua said…
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CBN to evaluate exercise as Nigerians cling to old notes
AS the countdown to the January 31, 2023 expiry date for the current designs of N200, N500 and N1000 gathers pace, top management staff of the Central Bank of Nigeria…
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‘Dec. 26, 27, Jan. 2 are public holidays’
The Federal Government has declared Monday, December 26; Tuesday, December 27, 2022 and Monday, January 2, 2023 as public holidays. The three days are set aside for the citizens to…
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Fed Govt, States, local govts share N902b Nov revenue
The three tiers of government: federal, states and local governments, have shared N902.05 billion November 2022 revenue from the Federation Account. This is contained in a statement issued by the…
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Fraudster forfeits N40m Bitcoins, iPhones to FG
The Federal High Court in Lagos has ordered the forfeiture of 1.982, 022, 84 units of Bitcoin worth N40million, to the Federal Government. In addition, Justice Nicholas Oweibo ordered the…
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