Fuel Price Hike Violates Our Agreement With FG – NLC       The Nigeria Labour Congress has rejected the fuel price hike from between N158 and N160 per litre to between N168 and N170, stating that it has worsened the level of anguish in the country. It noted...

FG Plans Bridge Bank To Support Struggling Lenders         Nigeria plans to start a fund that will operate a bridge bank to nurse struggling lenders back to health, Bloomberg reported on Monday. The Central Bank of Nigeria will inject N10bn, or an amount that still needs to...

FG Blocks RMAFC’s Proposal On Salaries Review, Revenue Formula         The Revenue Mobilisation, Allocation and Fiscal Commission plans to review the current revenue allocation formula with N830m, while a review of the remuneration packages for political, public and judicial holders will cost N470m. The Federal Government, however,...

FG To Access World Bank Facility of $750m for States As part of windows of opportunity to mitigate the effect of Covid-19, the federal government is in the process of accessing a World Bank loan of $750 million on behalf of the states, to stimulate...

FG Owes 3,504 Housing Contractors, Says Fashola       The Minister of Works and Housing, Mr Babatunde Fashola, said on Thursday that his ministry owed 3,504 contractors handling its various housing projects N69.91bn. Fashola stated this when he appeared before the joint National Assembly Committee on Housing to...

Why FG Spends More On Airports Despite Concession Plan – Sirika       The Minister of Aviation, Senator Hadi Sirika, has said the Federal Government keeps spending on airports across the country despite planned concession in order to have more bargaining power in negotiating with private investors. Sirika...