GISTSMATE MEDIA reports that Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that got a court injunction to ground three presidential jets belonging to the Federal Government in Europe, has initiated plans to seize other Nigerian assets in the United Kingdom, United States of America and in six other countries. This Nigeria news platform…
The federal government says its dollar-denominated domestic bond will be issued on Monday. Gbadebo Adenrele, managing director of investment banking, at United Capital Group, spoke on Thursday during a hybrid roadshow with investors organised by the Debt Management Office (DMO). On July 25, the federal government said it would issue $500 million in domestic foreign…
GISTSMATE MEDIA reports that the Minister of Information and National Orientation, Mohammed Idris, announced that Nigerians can access at least eleven different initiatives established by the Federal Government. These key initiatives span various sectors, including education, transportation, business, housing, and skills acquisition, among others. Idris made this disclosure in a Wednesday noon post on X,…
The Nigerian government has frozen more than $37 million worth of cryptocurrency held in wallets believed to be owned by some organisers of #EndBadGovernance protesters. The freezing followed an order by the Federal High Court in Abuja. The judge, Emeka Nwite, gave the order in a ruling delivered on 9 July, a copy of the…
The Federal Government, in collaboration with the International Cotton Advisory Committee (ICAC), has kickstarted the resuscitation of Nigeria’s cotton industry. The target is to create over 1.4 million jobs annually in the cotton/textile sector, while the focus is to develop key components of the cotton value chain comprising farming, weaving, ginning and linking of cotton,…
The Federal Government has concluded plans to sell a 50kg bag of rice at N40,000 to public servants with a view to alleviating the food crisis in the nation and its effects on Nigerians. This was disclosed in a letter from the Federal Ministry of Special Duties and Inter-governmental Affairs, which was signed by the…
The Federal Government has warned Nigerians planning to travel to the United Kingdom, to be wary of violence risk occasioned by the recent killing of three young girls at a concert. A statement released by the Ministry of Foreign Affairs, Abuja on Monday, and signed by its Spokesperson, Amb. Eche Abu-Obe, said the violence has…
One week after Nigeria’s Federal Competition and Consumer Protection Commission imposed a $220 million fine on WhatsApp for a data privacy breach, the Meta-owned company may suspend its operations in the country due to further regulatory demands. Sources close to the situation indicate that Meta, WhatsApp’s parent company, is contemplating withdrawing certain services from Nigeria….
The Minister of Information and National Orientation, Mohammed Idris, has said that although the bags of rice to be sold by the Federal Government for N40,000 were available, sale centres cannot be announced for fear of being hijacked and hoarded by “people who have money”. The minister stated this while fielding questions from journalists, following…
