Tag: Nigerian Govt

JAMB Generated N22.9bn, Remitted N6bn To Nigerian Govt – Board

Ganiyu Amodu

The Joint Admissions and Matriculation Board has announced a remittance of over N6bn to the coffers of the Nigerian government in 2024. According to the board’s weekly bulletin released on Monday by its Public Communication Advisor, Dr Fabian Benjamin, JAMB generated a total income of N22,996,653,265.25 in 2024, out of which N6,034,605,510.69 was remitted to the government. Additionally, the board noted that the reduction of N1,500 in the Unified Tertiary Matriculation Examination form fees for candidates, multiplied by the number of beneficiaries, increased the effective remittance to N9,013,068,510.69. The board…

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Nigerian Govt Stops Export Of Cooking Gas To Reduce Price

Ganiyu Amodu

The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in the country. Minister of State, Petroleum Resources, Ekperikpe Ekpo, broke the news to reports at the “Internal Stakeholders’ Workshop,” in Abuja. The theme of the workshop is “Harnessing Nigeria’s Proven Gas Reserves for Economic Growth and Development.” Asked what the government has done to control the rising cost of domestic gas, he said, the ministry is discussing constantly…

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Forex Crisis: Nigerian Govt Blocks Binance, Coinbase, Others

Ganiyu Amodu

The Nigerian government has ordered internet service providers to block access to the websites and apps of major cryptocurrency trading platforms including Binance, Coinbase, and Kraken. Authorities said the move aims to crack down on the alleged use of these platforms by currency speculators and money launderers to manipulate the foreign exchange market and facilitate illicit fund flows, further weakening the struggling Nigerian naira. Sources at major telecommunication firms said they received directives from the Nigerian Communications Commission (NCC) on Wednesday evening to implement the blockade of Binance, ForexTime, OctaFX,…

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Nigerian Govt Hands Over $1.3bn Zungeru Plant To MESL

Ganiyu Amodu

The federal government has handed over the $1.3 billion Zungeru Power Plant to Mainstream Energy Solutions Limited in a move to stabilise the national grid and increase it to 13,000 megawatts. The grid-connected electricity is currently 12,200 megawatts and the new development will increase the total number of power plants on the grid to 27. Zungeru with 700mw capacity is approximately $1.3 billion, and reportedly, the largest power project completed in Nigeria over the past decade. Additionally, it stands as one of the most significant power ventures in Africa to…

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Organ Harvesting Trial: Why We Can’t Help Ekweremadu, Nigerian Govt

Abibat Babalola

The Nigerian government has given reason it would not intervene in the ongoing trial of former Deputy Senate President, Ike Ekweremadu, for alleged organ harvesting in the United Kingdom (UK). “It has never been the tradition of the Nigerian government to interfere in anything judicial, local or international. And that stands the position of the government,” the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, said. Malami said this on Thursday, while fielding questions from State House Correspondents at the Presidential Villa, in Abuja. READ ALSO:…

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