FG Archives — Page 4 of 9 — City Business News

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 the 16th meeting of...

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 ...

February 3, 2022 No Responses

FG Pays N22.7b Petroleum Bridging Claims To Transporters

The Federal Government has paid bridging claims amounting to N22.7 billion to transporters of petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed on Wednesday. The Chief Executive Officer, NMDPRA, ...

January 31, 2022 No Responses

FG Decries $35,000 Business Registration Fee For Nigerians In Egypt

Minister of Information and Culture, Lai Mohammed has decried the $35,000 (about N19.2 million) deposit being requested by Egyptian Authority from foreigners including Nigerians to operate a business enterprise in that country. The Minister describ...

January 5, 2022 No Responses

FG To Revive 215MW Kudenda Power Project

The Federal Government will revive a 215 Megawatts Power Project in Kaduna State, Minister of Power, Abubakar Aliyu has said. Aliyu stated this shortly after inspecting the project on Tuesday at Kudenda in Kaduna South Local Government Area of the...