The Institute of Chartered Accountants of Nigeria (ICAN) has applauded the unification of Nigeria’s foreign exchange rate, saying that it would stimulate the growth of the securities market and attract foreign investments into the country. The Institute said that it is expected that the action would generally lead to short-term pains that will yield long-term gains. A statement by the …

The Senate, on Thursday, asked the Federal Government to review the concession of the Aminu Kano International Airport, Nnamdi Azikiwe International Airport, and other international airports across the country. The Senate made this known at the plenary after passing a motion by a lawmaker from Kano South, Senator Sumaila Kawu. On 17th May, the Federal Executive Council, under immediate past …

There is no decision yet by the Federal Government to sell the shares of the NNPC Limited to the public through an Initial Public Offering (IPO), according to The PUNCH. An online medium reported on Wednesday that the NNPCL missed the deadline for the launch of its IPO, stating that this was contained in the national oil company’s latest quarterly …

The Senate on Wednesday urged the Federal Ministry of Water Resources to revisit the proposed construction of Dasin Hausa Dam and any other dam to take in the flood waters from Lagdo Dam in Cameroon. The Senate resolution was a sequel to the adoption of a motion on ‘Urgent Need to Intervene in the Flooding Issues in Sagamu, Ijebu areas …

The Federal Government on Wednesday mourned the death of the first Federal Capital Territory (FCT) Minister, Chief Mobolaji Ajose-Adeogun. Ajose-Adeogun, who was appointed FCT Minister under the regime of General Murtala Muhammed, died last Saturday at 96 years. According to a statement by the Director of Information, Mr. Willie Bassey, the Secretary to the Government of the Federation, Senator George …

Federal Government has restated its resolve to reverse shortages in medical personnel. It assured Nigerians it had begun efforts to ensure health workers that have left the system are replaced. The government noted those in the system need to be motivated to ensure they continue to provide quality healthcare services. It hinted it will reduce dependence on the importation of …

Motorists and road users plying the Lagos-Ibadan expressway, on Sunday, expressed fears as the contractor of the Federal Ministry of Works and Housing resumes rehabilitation work on the axis on Monday. This came as the gridlock returned to the expressway, yesterday, following the high influx of Lagos-bound vehicles who were returning after the long Sallah break. The situation crippled traffic …

The Federal Government has so far saved about N400 billion as a result of the removal of subsidy on Premium Motor Spirit (popularly called petrol) since 29th May when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility for the cost of petrol to rise in July, going …

The Federal Government has introduced an annual fee of N1,000 to be paid by motorists for Proof of Ownership Certificate (POC) verification. The Permanent Secretary in the Lagos Ministry of Transportation, Mr. Abdulhafiz Toriola said on Tuesday that the certificate would help vehicle owners and the government guarantee the integrity of all vehicles registered on the National Vehicle and Identification …

The Federal Government has declared Wednesday, and Thursday as Eid-El-Kabir holidays. In a statement on Monday, the Permanent Secretary in the Ministry of Interior, Oluwatoyin Akinlade said: “The Federal Government has declared Wednesday June 28th and Thursday June 29th 2023 Public Holidays in commemoration of this year’s Eid-el-Kabir celebration and heartily felicitates with the Muslim Ummah at home and in the …