federal government

FG not the best manager of refineries – Sylva

The Federal Government has admitted that it is not in the best position to manage the nation’s refineries. Minister of State for Petroleum Resources, Timipre Sylva, stated this during his appearance on Thursday’s edition of Politics Today. “I will agree…

FG hires JP Morgan, others on $6.2bn fresh borrowing

The Federal Government of Nigeria has appointed transaction advisers to facilitate the issuance of Eurobonds in the international capital market. This was contained in a press statement titled ‘Towards financing the 2021 Appropriation Act – FGN appoints transaction advisers for…

FG inaugurates NEITI’s governing board

The Federal Government has inaugurated the governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to enhance the smooth running of its administration. Mr Boss Mustapha, Secretary to the Government of the Federation (SGF), who performed the inauguration on…

Electricity subsidy gulps N30bn per month —FG

The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced by N20bn monthly following improvements in the collection of power…

FG approves payment of outstanding pension liabilities

The Federal Government has given presidential approval for  payment of outstanding pension liabilities under the Contributory Pension Scheme (CPS). The Head of Corporate Communication at National Pension Commission (PenCom) Mr Peter Aghahowa, said this in a statement in Abuja on…