Electricity Supply: FG Pays N205bn from N1.3tn Owed Power Generation Companies
The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to…
Tag: Federal Govt
FG to Chinese Firm: Our Jets Are Sovereign Assets, Immune from Seizure
The federal government, yesterday, reacted to the alleged seizure of three presidential planes in Paris, France, following a dispute between…
FG Launches $500m FX-denominated Local Bond, Offer Opens on Monday
Ndubuisi Francis in Abuja and Kayode Tokede in Lagos The federal government has launched a $500 million FX-denominated domestic bond, marking…
To Curb Food Inflation, FG Unveils New Regulations on Customs Excise Variation Order
Following the approval of a 100 per cent Duty Free Rate and Value Added Tax VAT) exemption on select basic food…
FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The federal government yesterday approved the regulation for the implementation of a Zero per cent Duty Rate and Value Added…
FG Begins Investigation into Nationwide Protests, Vows to Bring Criminals to Justice
The federal government, yesterday, announced that it had launched investigations into the violence that raged in the last one week…
FG Moves to Revive Moribund Cotton, Textile Industry
The federal government in collaboration with the International Cotton Advisory Committee (ICAC), has commenced moves towards the resuscitation of Nigeria’s…
FG Warns On Visit to UK
The Nigerian government has warned its citizens of the dangers of traveling to United Kingdom(UK) at this time. Following recent killing…
FG Warns Planned Nationwide Protest May Lead to Anarchy
The federal government has warned that there would be dire consequences for the stability of the country if a nationwide…
FG Moves to End Dangote, NMDPRA Rift, Meets Major Industry Stakeholders
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, yesterday, hosted what the ministry described as a crucial meeting with…