federal government
Nigerian Oil and Gas Sector Under Siege: PENGASSAN Raises Alarm Over Influx of Indian Expatriates
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious concerns over the increasing influx of Indian expatriates in Nigeria’s oil and gas industry.
The issue was brought to light by PENGASSAN President, Mr. Festus Osifo… Continue Reading
BREAKING: Federal Government Increases Nigerian Passport Fees Effective September 1
The Federal Government has announced a hike in the fees for Nigerian passports, effective from September 1, 2024. The Nigeria Immigration Service (NIS) spokesman, DCI Kenneth Udo, confirmed this development on Wednesday, citing the need to maintain … Continue Reading
Shell Nigeria Pays Over $1 Billion in Taxes to Nigerian Government in 2023
SPDC and SNEPCo Contributions Highlighted in 2023 Shell Briefing Notes
In a recent announcement, Shell Nigeria revealed its substantial financial contribution to the Nigerian government in 2023, totaling over $1 billion in corporate taxes and royalties.
The payments were made … Continue Reading
Nigerian Government Allegedly Demanded $150 Million Bribe from Binance CEO to Drop Fraud Charges
In a startling revelation, Binance CEO Richard Teng accused Nigerian government officials of soliciting bribes amounting to $150 million from the global cryptocurrency giant.
Teng claimed that the administration, led by Tinubu, sought the hefty sum to dismiss recent fraud … Continue Reading
Federal Government Sets 18 as Minimum Age for Tertiary Education Admission
The Federal Government of Nigeria has mandated that candidates must be at least 18 years old for tertiary education admission in a move aimed at ensuring the maturity and preparedness of students entering tertiary institutions.
The directive was announced by … Continue Reading
Kenneth Okonkwo Berates Federal Government Over Forex Management
In a recent interview with Channels Television, Kenneth Okonkwo has criticized the Central Bank of Nigeria (CBN) and the Federal Government’s handling of the foreign exchange market.
Okonkwo asserted that effective forex management should lead to economic prosperity … Continue Reading
Federal Government Launches $617.7 Million i-DICE Program to Boost Digital and Creative Enterprises
The federal government of Nigeria has initiated the Investment in Digital and Creative Enterprises (i-DICE) Program, with an impressive budget of $617.7 million in a to revolutionize Nigeria’s digital and creative landscape.
The Vice-President, Kashim Shettima, spearheaded the inauguration of … Continue Reading
Federal Government Approves N25bn for Healthcare Expansion
The Federal Government has greenlit the disbursement of N25 billion to bolster the National Primary Healthcare Development Agency (NPHCDA) and the National Health Insurance Authority (NHIA).
Coordinating Minister of Health and Social Welfare, Ali Pate, affirmed the government’s unwavering … Continue Reading
Federal Government Grants Tax Exemptions to 107 Companies Despite Revenue Boost Efforts
Despite the Federal Government’s efforts to discontinue tax exemptions and enhance revenue generation, findings reveal that 107 companies, including industry giants Dangote and Mikano International, are currently benefiting from tax exemptions.
These revelations are based on the latest Pioneer Status … Continue Reading
Federal Government Allocates N110 Billion for Youth Development fund and Agricultural SMEs
The Federal Government of Nigeria has approved the release of a total of N110 billion. This funding will be channeled towards the operation of the newly restructured Youth Development Fund and investment in agricultural SMEs. The decision was announced … Continue Reading