FG Unveils New National Carrier

Posted by - July 18, 2018

Hadi Sirika, Minister of State for Aviation, has unveiled the name and logo of the new national carrier, Nigeria Air. Speaking on Wednesday in London at the ongoing Farnborough International Airshow, Sirika said the government will not own more than five per cent of the airline. “This is an important day for Nigeria. The largest

FG, John Deere Sign MoU to Supply 10,000 Tractors

Posted by - June 19, 2018

The federal government has given a boost to mechanised farming in the country by signing a Memorandum of Understanding (MoU) with the Nigerian Agricultural Mechanisation and Equipment Leasing Company (NAMEL) and John Deere, to supply 10,000 tractors to rural farmers across the country. The MoU to engage John Deere was signed by Minister of Agriculture

FG Wins Three Awards for Bond Issuance

Posted by - June 8, 2018

Nigeria was recently celebrated when it won awards in three categories for its securities issuance activities in the domestic and international capital markets. The awards, according to a statement were: Best Sovereign Bond in Africa – US$3 billion -the dual-Tranche (10 and 30 year) Eurobonds that was issued in November 2017; Most Innovative Bond –

FG, States, LGs Finally Share N647bn

Posted by - March 29, 2018

The Federation Accounts Allocation Committee has resolved the crisis that made it impossible to share the statutory allocation for February on Tuesday to pave the way for the disbursement of funds to the three tiers of government. Tuesday’s meeting of FAAC had ended in deadlock following disagreements on the revenue figures remitted into the Federation

ABCON Chief Urges FG to Guard against ‘Hot Money’

Posted by - March 29, 2018

Ahead of the 2019 elections, the President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has predicted increased ‘hot money’ in the fixed income securities market. This, according to him might lead to a depreciation of the nation’s currency as dollar demand rises. Hot money” refers to funds that are controlled

Nigeria: FG Inaugurates Investment and Securities Tribunal, To Restore Investors’ Confidence In Capital Market

Posted by - September 19, 2017

The Federal Government of Nigeria has reconstituted the Investment and Securities Tribunal (IST) as a practical step towards restoring investors’ confidence in the capital market and repositioning it to contribute positively to the country’s economy. The Investment and Securities Tribunal was dissolved in compliance with the Federal Government’s directive on dissolution of Boards of Parastatals,

FAAC Meeting: FG, States, LGs Share N467.8bn in August

Posted by - August 23, 2017

Mrs Kemi Adeosun, Minister of Finance, stated yesterday that the Federal Government, states and local governments shared N467.8 billion in August. This indicates a shortfall in revenue by N184.2 billion from N652 billion shared in July. Adeosun, who was represented by the Permanent Secretary, Mr Mahmoud Dutse, said this at the end of the monthly

FG to Partner USAID in Training of Agricultural Extension Workers

Posted by - August 7, 2017

The federal government has offered to partner the United States Agency for International Development (USAID) in the training of agricultural workers. The Minister of Agriculture and Rural Development, Audu Ogheh, made the proposal at the valedictory project of Market II in Nigeria. Market II was a development programme funded by USAID since 2012 to assist