FG Archives — Page 3 of 8 — City Business News

August 21, 2022 No Responses

Airline Operator Implores FG On Release Of Foreign Airlines’ $450m Ticket Sales

Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to repatriate the $450million in ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, the National Association of Nigerian Travel...

August 13, 2022 No Responses

Transportation Minister Lauds SIFAX Group, Pledges FG Support

Minister of Transportation, Alhaji Muazu Sambo, has commended SIFAX Group for its socio-economic impact on the nation’s development. Sambo also promised to support the company’s businesses in order to contribute more to the economy. He made thi...

August 10, 2022 No Responses

FG Disburses N100b To Indigenous Pharmaceutical Manufacturers

The Federal Government has disbursed N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans to expand their capital base, and boost local production of medicines and medical consumables. President Muhammadu Buhari annou...

August 5, 2022 No Responses

FG Partners World Bank On Land Remediation

The Federal Government is to partner World Bank to establish Agro-Climate Resilience in Semi-Arid Landscapes (ACRESAL), a programme to remediate drylands and wetlands across the country. The Minister of Environment, Alhaji Mohammed Abdullahi, said this at th...

July 29, 2022 No Responses

FG Sets To Implement 5% Excise Duty On Telecom Services

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the Federal Government plans to implement a five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planni...

July 28, 2022 No Responses

FG Approves N800m To Purchase Vehicles For NDLEA

The Federal Executive Council (FEC) on Wednesday approved N800 million for the procurement of 32 operational vehicles for the National Drug Law Enforcement Agency (NDLEA). Minister of Information and Culture, Alhaji Lai Mohammed, made this known while briefing...

April 29, 2022 No Responses

Genetically Modified Beans Safe For Consumption, FG Assures Nigerians

The National Biosafety Management Agency (NBMA), on Thursday, assured Nigerians that recently-approved, genetically-modified beans is safe for both human consumption and the environment. Dr Rufus Ebegbe, Director General of NBMA, gave the assurance at a work...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...

March 23, 2022 No Responses

FG, States, LGs Share N695b For February

The Federation Accounts Allocation Committee (FAAC), has shared a total sum of N695.033 billion to the three tiers of government as federation allocation for February. Mr Olajide Oshundun, the Deputy Director, Information, Federal Ministry of Finan...

March 14, 2022 No Responses

Lekki Deep Seaport: FG Reiterates Commitment To Sept Take-Off Date

The Federal Government says Lekki Deep Seaport, in Lagos State will begin full commercial activities in September. The Minister of Transportation, Rotimi Amaechi, while inspecting the project on Saturday in Lagos, said it was a huge achievement for...

March 11, 2022 No Responses

Embargo Maize Export, Dangote Urges FG

Chief Executive, Dangote Industries, Alhaji Aliko Dangote has urged the Federal Government to embargo export of maize to ensure food security in the country. Dangote made the call during the 4th Annual Nigerian Food Processors and Nutrition Leaders...

February 27, 2022 No Responses

Buhari Reiterates FG’s Commitment To Partner Private Sector

President Muhammadu Buhari has reiterated the commitment of the Federal Government to partner the private sector as part of measures to move the economy forward. The president, represented by the Minister of Trade and Investment, Mr Niyi Adebayo, stated ...

February 15, 2022 No Responses

FG Inaugurates Soil Testing, GIS laboratories

The Federal Government has inaugurated the National Soil Testing and Geographic Information System (GIS) laboratories in Abuja, towards a sustainable production of food, using modern technology. The Minister of Agriculture and Rural Development, Dr Moham...

February 8, 2022 No Responses

FG Lists $4b Eurobonds On FMDQ Exchange

FMDQ Securities Exchange Ltd. has announced the listing of the Federal Government of Nigeria’s four billion dollars Eurobonds under its global medium-term note programme on its platform. This is contained in a statement by FMDQ Exchange made available ...