Tag
FEDERAL GOVERNMENT
The federal government has announced the launch of N150 billion Presidential Intervention Fund to Micro, Small and Medium Scale Enterprise (MSME) and Manufacturing Sector in Nigeria.
The federal government has revealed plans to acquire 24 fighter aircrafts from Italy’s Leonardo (LDOF.MI) to update its fleet and strengthen its air force.
Ekperikpe Ekpo, the Minister of State for Gas, has said that the Federal government secured an agreement with Shell (SHEL.L) to supply gas to its planned $3.8 billion methanol plant in Brass, Bayelsa State, clearing a significant obstacle for the final investment decision on the project.
The CEO of cryptocurrency exchange Binance, Richard Teng, has said the company is working very closely with the federal government following the detention of its head of financial crime compliance, Tigran Gambaryan.
The government of Niger state has announced plans to assist at least 2,500 farmers in the state by providing access to the Federal Government's carbon credit-free funds, aimed at boosting food production.
Industry key player and CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government has resumed the payment of the controversial fuel subsidy following the devaluation of the Naira in the foreign exchange market.
The Federal High Court sitting in Abuja on Tuesday has joined the School of Bank Honours LTD/GTE as a co-defendant in the suit seeking commission or percentage from the accrued deposits paid into the Central Bank of Nigeria (CBN) NIPOST stamp duty collection account by all commercial banks.
The Minister of Finance and Coordinating Minister of the Economy has said that the federal government intends to reduce the cost of tax expenditures and ensure that tax incentives have a positive impact on the economy.
The federal government says it has resolved the technical problems related to the uploading of the National Identification Number (NIN) for participants in the presidential conditional grant programme, also known as the trade grant scheme.
The spouse of a detained senior official at Binance, the cryptocurrency trading platform, has reached out to the U.S. Congressional delegation in Nigeria, requesting their intervention for the release of her husband, Tigran Gambaryan.
The naira value of the federal government’s external debt increased by N17.37 trillion from N16.703 trillion as of December 2022 to N34.073 trillion in December 2023.
The Federal Government has listed five transport firms, including GIG Motors, Chisco Transport, Young Shall Grow, God Bless Ezenwata, and Area Motor, for the implementation of the 50 percent reduction in interstate transport fares between December 21, 2023, and January 4, 2024.