The Federal Government on Thursday formally closed its case in the ongoing trial of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), who is facing charges of terrorism and treason. The lead prosecution counsel, Adegboyega Awomolo, SAN, … Continue reading Federal Government Closes Case in Nnamdi Kanu’s Trial
AGS NEWS – Nigeria’s 36 states received N39.62bn in ecological fund allocations between June 2023 and June 2024, according to data from the Federation Account Allocation Committee published by the National Bureau of Statistics. The ecological fund, established in 1981, … Continue reading 36 states got N39.6bn as ecological funds – FG
AGS NEWS – The Federal Government raised approximately N4.13tn from bonds in the first half of 2024, according to the FMDQ Exchange Financial Markets Monthly Report for June 2024. The bond issuance in June, valued at N297.01bn, was the lowest … Continue reading FG raised over N4tn via bonds in six months – Report
AGS NEWS – The Minister of Education, Prof. Tahir Mamman, has announced a ban on admitting candidates under the age of 18 into tertiary institutions in Nigeria. He made this announcement at the 2024 policy meeting of the Joint Admissions … Continue reading FG bans admissions for under 18 across all universities
AGS NEWS – The Federal Government has allocated N21 billion under the Presidential Metering Initiative to provide free meters to unmetered power users across Nigeria. The Nigerian Electricity Regulatory Commission (NERC) announced this on Friday through order NERC/2024/072, titled “Order … Continue reading FG approves N21bn for provision of free meters
AGS NEWS – The Federal Government has officially listed its April 2024 Savings Bonds, worth N4.21 billion, on the Nigerian Exchange Limited (NGX). This information was disclosed in a market bulletin signed by Godstime Iwenekhai, the Head of Issuers Regulation … Continue reading Federal government lists N4.21bn April bonds on NGX
AGS NEWS – The Nigerian government has presented 12 oil blocks and five deep offshore assets for sale to global oil sector investors during the ongoing 2024 Offshore Technology Conference in Houston, United States. During the African Oil Industry Opportunities … Continue reading Federal government invites global investors for sale of 17 oil blocks
AGS NEWS – The Federal Government has given the green light to a significant boost in salaries for civil servants across different consolidated salary structures. This increase, ranging from 25% to 35%, applies to six specific salary structures: the Consolidated … Continue reading Federal government approves salary increase for civil servants
AGS NEWS – The Federal Government is exploring strategies to ensure prompt loan disbursement to Medium, Small, and Micro Enterprises (MSMEs) within a 14-day timeframe. This initiative aims to alleviate the financial strain on businesses awaiting loan approvals, thereby reducing … Continue reading Federal government targets 14-day MSME loan disbursement
A report obtained on Monday revealed that the Federal Government of Nigeria incurred an estimated loss of $16 trillion due to natural gas flaring over the past decade, spanning from 2012 to 2022, according to the Energy Institute’s 72nd edition … Continue reading Federal government records $16 trillion loss to gas flare over 10 years
The recently negotiated wage agreement between the Federal Government and the Labour Congress, along with salaries for federal workers and other non-debt recurrent costs, is anticipated to consume N7.76tn in 2023. This insight is based on data extracted from the … Continue reading Federal government allocates N7.76tn for salaries and other expenditures
Government records obtained from the Nigeria Governors Forum and National Bureau of Statistics websites reveal that the federal government has managed to save approximately N1.45 trillion from the removal of the subsidy on Premium Motor Spirit, commonly known as petrol, … Continue reading Federal government achieves N1.45 trillion savings through subsidy removal
The Federal Government of Nigeria has officially inaugurated a pilot conversion center in the Federal Capital Territory, dedicated to converting vehicles to run on compressed natural gas (CNG). The government believes that this center will play a pivotal role in … Continue reading Federal government launches CNG conversion center in Abuja
The Federal Government has expressed dissatisfaction with the underperformance of the solid minerals sector in contributing to Nigeria’s Gross Domestic Product (GDP) and revenue generation. ‘ According to data from the Nigeria Extractive Industries Transparency Initiative (NEITI), the sector’s revenue … Continue reading Federal government calls for enhanced contribution of solid minerals sector to Nigeria’s economy
The Federal Government of Nigeria is threatening to publish the names of companies that do not comply with the country’s expatriate quota policy. The policy requires Nigerian and foreign companies to obtain expatriate quota licenses to import high-level-skilled manpower that … Continue reading Federal Government threatens to publish names of companies violating expatriate quota policy
The Federal Government of Nigeria, through the Transmission Company of Nigeria and the Market Operator, has begun a disconnection exercise against debtor electricity distribution companies that may leave millions of electricity consumers in darkness in the coming weeks. The Market … Continue reading Federal government disconnects discos from national grid over unpaid debt
The Federal Government has given its approval for the release of N45.3bn as reimbursement to states and the FCT for the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme. This initiative, supported by the World Bank, … Continue reading Federal Government disburses N45.3bn to states and FCT
The Federal Government has disclosed that Nigeria has spent a total of N13 trillion ($74 billion) on subsidizing Premium Motor Spirit, commonly known as petrol, between 2005 and 2021. This revelation was made during a policy dialogue on oil swap, … Continue reading Federal Government reveals that Nigeria lost N29tn due to fuel subsidies and oil theft
The Federal Government has stated that it is not aware of any official in the Presidential Villa working against the All Progressives Congress (APC) presidential candidate, Bola Tinubu, as alleged by Kaduna State Governor, Nasir El-Rufai. During a press briefing … Continue reading We’re not officially aware of any individuals in the Presidential Villa working against Bola Tinubu – Lai Mohammed
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