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Tag Archives: Federal Government

No Longer Business As Usual In Nigeria – Presiden Buhari

President Muhammadu Buhari

President Muhammadu Buhari has called on the Nigerian elite to stop insisting that things should be done the ‘old way’, which impoverished the nation. Speaking at a meeting with a group of Nigerians in the Diaspora, on the margins of the 3rd Dakar International Forum on Peace and Security in Africa on Tuesday in Dakar, the President said his administration ...

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Cash Crunch: NEC to End JV Funding Regime Today

Vice President Yemi Osinbajo

The National Economic Council (NEC) will meet today to consider approving a policy that will end the payment of cash calls, Daily Trust learnt last night. A highly placed government official confirmed to our correspondent that the Minister of State for Petroleum, Ibe Kachikwu, will present the policy to NEC today. The meeting, scheduled to hold at 11.00am inside the ...

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FG Rebuffs Our Moves For Peace –Bakassi Militants


A leader of the Bakassi Strike Force, Benjamin Ene, on Wednesday indicated that moves by his group to end hostilities in the Bakassi area of the Niger Delta had been snubbed by the Federal Government. The group restated its readiness to lay down its arms and work with the Federal Government to ensure that the problems faced by the Bakassi ...

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Chartered Bank Fraud : Nigeria/Japan Business Mogul, Ese Imasuen Begs FG, EFCC To Investigate Mr Jude Ikejiora, Philomina, Others


The CEO of Imasuen Investment Japan Group, Mr Ese Osabuohien Imasuen has said the Standard Chartered bank Nigeria was working against the economic policy of the Federal Government by halting moves by individuals and foreign partners to invest in different areas of the economy by witholding billions of dollars belong to mr vimsuen Ese for personal trading for months now ...

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Declare state of emergency – Gov. Fayose tell Pres. Buhari


The Federal Government have been asked to declare the state of emergency. Governor Ayodele Fayose of Ekiti State during the opening of the four-day Agriculture Summit in the state said a state of emergency needs to be called in order to improve the economy situation of the country. According to him, “If a nation doesn’t have a change of attitude, ...

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FG to train 250 youths on fashion designing


The Federal Government in its bid to create work and improve the country’s economychas partnered with a fashion company, BZ to train not less than 250 youths on fashion designing. The programme to be organised in collaboration with the Central Bank of Nigeria (CBN), the Federal Ministry of Trade and Industry, Ministry of Youth and Sports through the Office of ...

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Customs arrests 42suspects, seizes over 1500 cartons of fake drugs


The Nigeria Customs Service, NCS, Federal Operations Unit, FOU, Zone ‘C’, Owerri has seized over 1500 cartoons of fake and unregistered drugs brought into the area by smugglers in few weeks. The Command that also arrested 42 suspects in connection with the it, intercepted 906 cartons of fake drug before seizing another 625 cartons recently. The Customs Area Controller, CAC, ...

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Companies employing foreigners to pay N2 million fine- Reps

The House of Representatives sought tougher measures on Thursday to restrict the employment of foreign nationals by firms or organisations in the country, raising the penalty for violation from the extant N1m to N2m. A bill to “restrict” the issuance of work permits to foreigners by the Federal Government passed second reading at the House. The bill, which was sponsored ...

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Lai Mohammed speaks again on FG economic plan

After a brief absence from his usual justification of all APC led administration’s actions, the Minister of Information and Culture, Alhaji Lai Mohammed, has again declared that the Federal Government is very focused on the economy and has a definite economic plan. Speaking when he received the Japanese Ambassador to Nigeria, Sadanobu Kusaoke, in Abuja on Thursday, he said, “Those ...

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