Tag: FG
FG Proposes NIMASA, NPA to Collect Fees in Naira Instead of Dollars
The Federal Government has proposed a shift in the collection of charges by two key maritime agencies, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA), from foreign currencies to Naira. This suggestion was made as part of a broader economic stabilization effort under a bill expected to be presented…
Nigeria Takes Major Step Towards Energy Self-Sufficiency: Crude Purchase and Product Sales in Naira Commence
Abuja, Nigeria – September 13, 2024 In a landmark development aimed at reducing pressure on the naira, eliminating transaction costs, and enhancing the availability of petroleum products, the Federal Government has officially launched the sale of crude oil to local refineries and the corresponding purchase of petroleum products in naira. The Honourable Minister of Finance…
Federal Government Approves Promotion of 20,867 Senior Personnel Across Key Security Agencies
In a significant move to boost morale and enhance efficiency within Nigeria’s security and emergency services, the Federal Government has granted the immediate promotion of 20,867 senior personnel across several key agencies, including the Nigeria Immigration Service (NIS), Nigeria Security and Civil Defence Corps (NSCDC), and Nigeria Correctional Service (NCoS). The Federal Fire Service (FFS)…
Federal Government Inaugurates Committee to Review Salary Adjustments Following New Minimum Wage
In a move aimed at implementing the recently enacted National Minimum Wage Act, the Federal Government has inaugurated a 16-member committee tasked with reviewing and negotiating salary adjustments in line with the newly established minimum wage of ₦70,000. The inauguration took place on Thursday, signaling the government’s commitment to ensuring fair wage increases across various…
NELFUND Clarifies Delay in August Stipend Disbursement
The Nigerian Education Loan Fund (NELFUND) has issued a statement addressing the delay in the disbursement of the August stipends to students. In a press release dated September 12, 2024, NELFUND attributed the delay to ongoing payment processing, which includes conducting essential security checks to protect public funds. Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications…
Dangote Refinery Agrees to Sell Crude and Buy Fuel in Naira Amid Potential Losses
In a bold move aimed at supporting Nigeria’s economy, Aliko Dangote, Africa’s richest man and owner of the Dangote Refinery, has agreed to the federal government’s proposal to sell crude oil in naira and buy fuel in the local currency, despite the likelihood of incurring significant financial losses. The Vice President of Dangote Group, Edwin…
Federal Government Allocates N47.5 Billion to Upgrade 50 Senior Secondary Schools Nationwide
Koton Karfe, Kogi State — The Federal Government has allocated N47.5 billion for the initial phase of upgrading 50 selected senior secondary schools across the country. This announcement was made by Dr. Iyela Ajayi, the Executive Secretary of the National Senior Secondary Education Commission (NSSEC), during the groundbreaking ceremony at Government Science Secondary School (GSSC)…
CDS Vows to Capture Infamous Bandit Bello Turji Soon
The Chief of Defence Staff (CDS), General Christopher Musa, has assured Nigerians that the notorious bandit leader Bello Turji will soon be apprehended by the military. Speaking to reporters after the Security Chiefs’ meeting at Defence Headquarters in Abuja, General Musa emphasized that Turji’s days of terror are numbered. “We are going to get him,…
Flood Crisis: President Tinubu Dispatches VP Shettima to Maiduguri as City Faces Severe Flooding
President Bola Tinubu has directed Vice President Kashim Shettima to urgently travel to Maiduguri, Borno State, to assess and respond to the devastating flood that has overtaken the city. The order came as heavy rains and the collapse of a spillway at Alau Dam have caused severe flooding across Maiduguri, displacing residents and affecting key…
Details Emerge on Why NLC President Ajaero Was Arrested, Detained by DSS
The Department of State Services (DSS) has shed light on the reasons behind the recent arrest and detention of the Nigeria Labour Congress (NLC) President, Comrade Joe Ajaero. According to sources within the agency, Ajaero was detained after failing to honour an official invitation extended to him by the DSS, which was related to a…