The Federal Government marked a significant milestone on Tuesday as it officially commenced the construction of a state-of-the-art 50,000 metric tonnes Liquefied Petroleum Gas (LPG) and propane depot. The groundbreaking ceremony, held at the Oil and Gas Free Trade Zone in Onne, Rivers State, was attended by key figures, including the Minister of State for…
In a significant move, the Federal Government, through the Bureau of Public Enterprises (BPE), has embarked on the sale of five power plants under the National Integrated Power Projects (NIPP), marking a crucial development in the country’s energy sector. The transaction, currently in progress, aims to generate approximately $1.15 billion in revenue, as revealed on…
In a significant move to expedite the realization of presidential deliverables for the housing sector, the Federal Government inaugurated four Reform Task Teams on Tuesday. The Minister of Housing and Urban Development, Ahmed Dangiwa, spearheaded the inauguration, emphasizing the need to unlock the immense potential of the housing sector as a catalyst for inclusive economic…
Federal Government Issues 13 New Licences for Electricity Generation In a significant move to boost the country’s power sector, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has granted 13 new licences in the third quarter of 2023. These licences cover a spectrum of activities, including off-grid and embedded power generation, independent electricity…
The Federal Government has initiated discussions with the Luan Steel Holding Group in China to establish a new steel plant in Nigeria. Led by the Minister of Steel Development, Shuaibu Audu, and the Minister of Defence, Alhaji Mohammed Badaru, the delegation aims to attract significant foreign direct investments. This move aligns with President Bola Ahmed…
In a significant move to combat the persistent foreign exchange scarcity in Nigeria, the federal government has at last obtained $2.25 billion out of the $3.3 billion FX facility from the African Export–Import Bank (Afreximbank). The prolonged wait for this credit support, aimed at mitigating the acute FX shortage, has been a point of concern…
The Federal Government has unveiled plans for a comprehensive restructuring, signaling a pivotal moment in foreign affairs. The announcement comes as the Federal Government discloses its intent to form a dedicated committee entrusted with the crucial responsibility of appointing new ambassadors to replace those recently recalled. Alkasim Abdulkadir, the Special Assistant to the Foreign Affairs…
In a pivotal legal development, the Supreme Court has overturned the Appeal Court’s decision to dismiss charges against Nnamdi Kanu, a significant figure in the ongoing legal saga. The Federal Government’s appeal, challenging the prior ruling, has been upheld, setting the stage for a retrial. This ruling marks a critical juncture in the case that…
The Academic Staff Union of Universities (ASUU), Bauchi Zone, has vehemently rejected the federal government’s students’ loan scheme, asserting that non-refundable grants should be provided to Nigerian students instead. The ASUU Bauchi Zonal Coordinator, Lazarus Maig-oro, expressed this stance during a scholarship program for indigent students held at the Abubakar Tafawa Balewa University (ATBU), Bauchi,…
Federal Government : A source with close ties to Minister of Information and National Orientation, Idris Mohammed, disclosed to The Opitan Global Media (OGM) during an interview that a fresh minimum wage structure is slated for implementation starting April 1, 2024. This declaration comes as the current N30,000 minimum wage is slated to expire at…
