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FG Releases N5bn Aviation Bailout, Bars 22-year Aircraft From Nigeria

FG Releases N5bn Aviation Bailout, Bars 22-year Aircraft From Nigeria       The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government had released N5bn out of the N26bn approved as COVID-19 intervention fund for the aviation...

‘Ministry To Spend 70% Budget On East-West Road’

'Ministry To Spend 70% Budget On East-West Road'         The Permanent Secretary of the Ministry of Niger Delta Affairs, Dr Babayo Ado, has disclosed that the Federal Government is working to ensure the completion of the East-West Road. He said the ministry would spend 70 per cent...

FAAC: FG, States LGCs Share N616.886 bn for April 2021

FAAC: FG, States LGCs Share N616.886 bn for April 2021. The Federation Accounts Allocation Committee (FAAC), at its meeting through Virtual Conference shared a total sum of N616.886 billion to the three tiers of government, as federation allocation for the month of April, 2021. From this stated...

FG Says No Fuel Price Hike in June

FG Says No Fuel Price Hike in June The Federal Government has assured Nigerians that there would be no fuel price increase in the month of June. Minister of State for Petroleum Resources Chief Timipre Sylva disclosed this in a statement personally signed by him and made...

FG Revenue From Drink Makers Rose To N23bn – NBS

FG Revenue From Drink Makers Rose To N23bn – NBS       The Company Income Tax paid by breweries, bottling and beverages companies rose by 329.48 per cent in the first quarter of the year, a report by the National Bureau of Statistics has shown. The CIT is...

FG, Shell In Talks Over Sale Of Nigerian Oil Assets

FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...