According to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking in Lagos, Wale Edun announced that the federal government has ceased utilizing the Central Bank of Nigeria (CBN) to finance its domestic and foreign debt obligations. This move marks a departure from a system that allowed the government to…
The Federal Government of Nigeria has officially announced that Monday, September 16th, 2024, will be observed as a public holiday. This day has been set aside to commemorate the Eid-ul-Mawlid celebration, which marks the birth of the Holy Prophet Muhammad (SAW). The announcement was made by the Ministry of Interior, signaling a nationwide observance of…
The Federal Government of Nigeria has officially confirmed that the first batch of Premium Motor Spirit (PMS) will be loaded from the Dangote Refinery on Sunday, 15th September. The Nigerian National Petroleum Company Limited (NNPCL) is overseeing the loading process, signaling a critical step in Nigeria’s goal toward energy independence. The announcement was made by…
The Federal Government has reaffirmed its stance that there is no age restriction for candidates who wish to sit for the National Examination Council (NECO) and the West African Examination Council (WAEC) examinations. This announcement was made to address widespread misconceptions about the eligibility criteria for these key national and regional exams. Officials emphasized that…
In a bid to ease the burden of rising food prices, the Federal Government of Nigeria has commenced the sale of 30,000 metric tonnes of milled rice to citizens at a significantly reduced cost. Each 50-kilogram bag of rice will be sold for N40,000, a price far lower than the current market rate, making it…
The Federal Government has launched a resolute campaign against filling stations charging exorbitant prices for petrol, with reports of some outlets selling at an unprecedented N1,000 per litre. This decisive move comes in response to mounting public outcry over the steep price hikes implemented by independent petrol vendors across the country. The Nigerian Midstream and…
The Federal Government of Nigeria has launched a decisive campaign against fraudulent academic credentials, particularly those obtained from neighboring countries. Minister of Education, Tahir Mamman, announced that all degree certificates issued by Cotonou University between 2017 and the present will be deemed invalid. This sweeping action aims to address the growing concern of fake qualifications…
The Federal Government of Nigeria has announced a significant increase in passport fees, effective immediately. This decision aims to maintain the quality and integrity of the passport issuance process while adapting to current economic realities. The new fee structure reflects the government’s commitment to ensuring that Nigerian passports meet international standards and remain secure documents…
Peter Obi, the 2023 presidential candidate of the Labour Party, has called on President Bola Ahmed Tinubu’s administration to disclose the full cost and details of the newly acquired presidential jet. Obi expressed his concerns via his X account on Tuesday night, specifically addressing the government’s acquisition of an Airbus A330 jet, which has sparked…
The Federal Government of Nigeria has taken a significant step towards addressing the liquidity crisis in the power sector by making a substantial payment of N205 billion towards the N1.3 trillion debt owed to Generation Companies (Gencos). This move marks a pivotal moment in the ongoing efforts to revitalize the Nigerian power sector and demonstrates…
