The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for January 2024, a statement by the Director of Pres...
•Uniliver has left Unless audacious steps are taken to fix the ailing Nigerian economy and halt the exodus of multinational firms, the country, literally on ventilators, may eventually collapse, experts warned at the weekend. The warning comes as the federal government, banking on the exaggerated capacity of local firms to fill the void, maint...
The federal government has directed the Federal Airport Authority of Nigeria (FAAN) to relocate to Lagos. This was revealed in a memo signed by the Managing Director of FAAN, Mrs Olubunmi Kuku, reports Daily Sun. The memo reads: ”The Honourable Minister of Aviation and Aerospace Development has directed that the Headquarters of the Federal Air...
•FEC meeting The Federal Executive Council (FEC), today Wednesday, January 17, reacted to reports of some members of the public crowdfunding for ransom payments for kidnap victims. Minister of Defense, Mohammed Badaru Abubakar said such practices would rather worsen the situation, adding that not responding to ransom demands will eventually ma...
•Meningitis The federal government has alerted Nigerians to the outbreak of Cerebrospinal Meningitis. Meningitis is an inflammation of the fluid and three membranes (meninges) surrounding one’s brain and spinal cord, reports The PUNCH. The government said the warning became necessary as the disease is more prevalent during the dry season, whic...
•Education minister, Prof. Tahir Mamman The federal government has set up a committee to investigate the activities of private universities established in the last 15 years. The Minister of Education, Prof. Tahir Mamman who spoke during the inauguration of the inter-ministerial committee on degree mills in the country, today, said this would s...
•TUC President Festus Osifo The Trade Union Congress (TUC) has claimed that the federal government stopped paying N35, 000 minimum wage after first month despite having the revenue to pay. The President of the Trade Union Congress, Festus Osifo, made this claim in an interview with Arise Television yesterday. According to the TUC, the governme...
•Peter Obi and Tinubu Labour Party, LP, presidential candidate during the February 25, 2023 General Elections, Peter Obi, has kicked against what he described as federal government’s disturbing pattern of huge borrowing and profligate spending on non-essential procurements, warning that such pattern would soon wreck the economy. The former Ana...
•Emefiele A High Court of the Federal Capital Territory, FCT, sitting at Maitama, has ordered the Federal Government to pay the sum of N100million to the embattled former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele for violating his fundamental rights. The court, in a judgement that was delivered today by Justice [&hellip...
Nigerian economy may have been, excruciatingly, ensnared in a doom loop with entrenched runaway inflation, troubled currency market, upsetting deficit funding crisis, persistent pressure on local businesses and similar warning indicators halting a few but haphazard moves to create flywheel and break the circle. Indeed, the sort of difficult ti...
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