The Federal Government on Monday announced another currency reform as Naira falls across foreign exchange markets in the country. The Minister of Finance, Budget and National Planning, Zainab Ahmed, told journalists in Abuja that Nigeria would henceforth adopt the flexible Investors and Exporter window rate for official transactions. She said the government would start to
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The Rivers State Governor, Nyesom Wike, on Wednesday accused the Federal Government of shielding the Minister of Transportation, Rotimi Amaechi, from prosecution for alleged corruption. The governor, who disclosed this in a statement issued by his Special Assistant on Media, Kevin Ebiri, said Amaechi, who is his predecessor, has been unable to account for $308
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The ECOWAS Court of Justice has ordered the Federal Government to pay over N53 million to a German, Mr. Martin Gegenheimer, for unlawful arrest and detention. The court’s communications department disclosed this in a statement on Friday in Abuja. The court delivered the verdict on Thursday. According to the statement, the court ordered the payment
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The Attorney-General of the Federation, Abubakar Malami (SAN), absolved the Federal Government of blame in the freezing of #ENDSARS campaigners’ accounts. The Central Bank of Nigeria (CBN) had in November last year frozen the accounts of 19 individuals and one private firm over their involvement in the #ENDSARS protest that rocked several parts of the
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The Debt Management Office (DMO) said on Wednesday the Federal Government planned to increase its concessionary long-term loans from home and abroad to finance budget deficits and other obligations in the coming years In a statement on the federal government’s Medium-Term Debt Management Strategy (MTDS), DMO said this is part of the plan to increase
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The Federal Government and the non-teaching staff of Nigerian universities will resume their meeting on Thursday. The meeting between the two parties held earlier this month was inconclusive. But the federal government and the workers who came together under the aegis of Joint Action Committee on Senior Staff Association of Nigerian Universities (SSANU) and the
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The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop soaring inflation. The IMF Executive Board made the call in its Article IV consultation with Nigeria released on Monday. The Bretton Woods institution, however, recommended a gradual and multi-step
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The Minister of Communications and Digital Economy, Is Pantami, said on Monday he has made a proposal to the Federal Government on the replacement of the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The federal government introduced the BVN in 2015 to curb illegal banking in the country. Pantami disclosed this to
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The Federal Government has set up visitation panels for the new tertiary institutions which include 25 Federal Polytechnics and 21 Colleges of Education, which were recently approved by President Muhammadu Buhari. Announcing this in a statement on Friday, Minister of Education, Mallam Adamu Adamu, said the visitation panels to the polytechnics have five members and
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The Federal Government on Wednesday granted provisional licences to 20 new private universities in the country. The Minister of Education, Adamu Adamu, disclosed this to State House correspondents at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. He said the universities would get
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Tuesday’s meeting between the Federal Government and the university workers ended in a deadlock. The workers, who came together under the aegis of Joint Action Committee comprising the Senior Staff Association of Nigeria Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU), met the federal government at the Ministry of Labour
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The Federal Government on Tuesday met with the university workers in Abuja. The workers under the aegis of Joint Action Committee had last month embarked on a three-day warning strike over the government’s failure to honour the Memorandum of Understanding signed by both parties on October 20 last year. The JAC comprise members of the
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The Federal Government has extended the National Identification Number (NIN) and Subscriber Identity Module (SIM) registration exercise currently ongoing across the country. The extension is by another eight weeks (two months) with the new deadline set for April 6, 2021. The Minister of Communications and Digital Economy, Dr. Isa Ali Pantami, made the announcement in
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The Federal Government on Sunday commenced the disbursement of grants to 2,800 rural women across the 17 local government areas of Enugu State. In her address at the flag-off of the exercise, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk, said the programme was part of the Federal Government’s National Social
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The Nigerian government is set to reintroduce toll gates on Nigerian roads as 12 highways have been earmarked for concession to private companies. This was made known on Friday in Abuja by the Minister of Works and Housing, Babatunde Fashola, while receiving the Outline Business Case Certificate of Compliance for 12 pilot federal highways billed
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