Tag Archives: FG

The Federal Government, on Thursday, announced the top five business efficient and transparent agencies among its Ministries, Departments and Agencies for the year 2022. It outlined the top five performing MDAs to include the Nigerian Content Development and Monitoring Board, Standards Organisation of Nigeria, Federal Competition and Consumer Protection Council, Nigerian Export-Import Bank, and Corporate Affairs Commission. The government announced ...

Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has filed processes challenging the jurisdiction of the Supreme Court to suspend the scheduled deadline for cash swap Malami, in a preliminary objection he filed on behalf of the Federal Government, applied for an order striking out the suit that three Northern States filed to halt the full ...

The Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, said that the Commission recognizes the disruption of fintech in the financial industry and is committed to creating an enabling regulatory environment that would ensure a balance between investor protection and technological advancement. Disclosing this in Abuja, Yuguda said SEC will advance efforts towards developing a comprehensive ...

A Federal Government agency, the National Bureau of Statistics, NBS in conjunction with some other bodies has said that 133 million Nigerians are currently living in poverty. The NBS conducted the survey in collaboration with the National Social Safety-Nets Coordinating Office (NASSCO), the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF), and the Oxford Poverty and Human ...

The Federal Government has announced plans to address inflation by releasing food from its strategic reserves after flooding destroyed local supplies. This was disclosed by the Minister of Finance Mrs Zainab Ahmed at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja. The Minister also stated that the government has ...

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative (NEITI) intervention. This was disclosed by Dr Orji Ogbonnaya Orji, Executive Secretary of NEITI, on Tuesday in Abuja at its Civil Society Organisations (CSO) and media engagement on Extractive Industries Transparency Initiative (EITI) validation, according to ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that N13.7 trillion ($74.386 billion) was spent on fuel subsidy in 15 years. This was made known by the Executive Secretary of NEITI, Ogbonnaya Orji, in a report that he presented to the House of Representatives ad-hoc committee investigating fuel subsidy regime between 2013 and 2022 in Abuja, where he said ...

The Federal Government has stated that Nigeria may seek a bailout from the International Monetary Fund (IMF) over its mounting debts if it cannot address its fiscal challenges before further escalating. This was disclosed by the Director General of the Budget Office of the Federation, Ben Akabueze, during an interview on an Arise Television programme, where he insisted that Nigeria ...

The Federal Government through the Debt Management Office (DMO)  has released its FGN bond issuance calendar for the third quarter of 2022. The information was released  in a document on the DMO on its website. The press release reveals the issuance for the quarter under review will be held on 18th July, 15th August, and 19th of September, all of ...

The Federal Government has suspended its planned implementation of a 5% excise duty on telecommunications services. The suspension was announced by the Minister of Communications and Digital Economy, Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja. The Minister who had earlier rejected the proposed tax noted ...