BREAKING: FG Fines Binance $10bn over Naira Fall
The cryptocurrency trading platform Binance has come under fire, with the Federal Government imposing a hefty $10 billion fine. The allegations revolve around Binance's purported role in exacerbating Nigeria's forex…
FG Reopens Application Portal for Presidential Conditional Grant Scheme
The Federal Government has reopened the application portal for the Presidential Conditional Grant to Nano Businesses as part of the Presidential Palliative Program. According to the FG, each beneficiary will…
FG in Talks with World Bank to Boost Fibre Optic Capacity to 125,000km
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun…
FG Prepares Supplementary Budget for New Minimum Wage
The Federal Government has announced plans to prepare a supplementary budget for the 2024 fiscal year to support the implementation of a new minimum wage for workers. This was…
FG Inaugurates Committee to Enforce New Salaries for Civil Servants
The Federal Government has inaugurated a 16-member committee to enforce the new salary adjustments for civil servants, following the recent hike in the national minimum wage. The committee, led by…
FG Signs Landmark Gas Deal for $3.3bn Methanol Plant
The Federal Government has signed a gas sales and purchase agreement for the $3.3bn Brass Fertilizer and Petrochemical Company Limited. The agreement, signed with Shell, TotalEnergies, and Agip, marks a…
FG Disburses Over N1.2bn to 24,000 Beneficiaries in Delta State
The Federal Government has successfully disbursed a total of N1.2 billion to 24,104 beneficiaries under its Presidential Grant and Loan Scheme in Delta State, signaling a significant boost to the…
N700bn Annual Budget Needed for Federal Road Maintenance – FG
The Federal government of Nigeria has released the budget for Federal road maintenance. This budget is said to be the 2025 Federal road repair be maintenance. Over seven hundred billion…
Breaking: FG Declares Another Public Holiday
The Federal Government of Nigeria has declared Friday June 12, a public holiday as the country is set to mark the 2020 Democracy Day Celebration. The declaration was made on…
FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement
The Federal Inland Revenue Service, FIRS has given clarifications on its decision to impose a stamp duty charge on tenancy and lease agreements. Executive Chairman of the FIRS, Muhammad Nami…