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The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Fuel subsidy to gulp N450 billion in 2020 – minister

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
Power

Minister assures federal universities of stable power supply

The Minister of Power, Alhaji Sale Mamman, has assured that the present administration was determined to ensure that all the federal universities enjoy reliable and uninterrupted power supply.

TCN board stalls $258 million power projects

The absence of board for Transmission Company of Nigeria (TCN) has stalled the approval of $258million JICA loan for the implementation of the payment for material and equipment for the Apapa and Akamgba substation in Lagos.
Speaker, Oyo State House of Assembly, Hon Adebo Ogundoyin

Oyo assembly passes bill to establish four ministries

The Oyo State House of Assembly on Tuesday August 6, 2019 passed the executive bill to establish four ministries in the state namely, Ministry of Energy; Ministry of Investment, Trade and Industry bill; Ministry of Public Works, Infrastructure and Transport bill and Ministry of Women Affairs and Social Inclusion bill.

Court jails 5, frees one over N5.2 billion rural electricity fraud

Justice Adebukola Banjoko of the Federal Capital Territory, FCT, High Court, sitting in Gudu, Abuja, convicted and sentenced former directors of the Rural Electricity Agency, REA, to various jail terms for their culpability in the N5.2billion scam.

Governor Ishaku appeals to opposition to bury the hatchet

Governor Darius Ishaku has appealed to all Tarabans irrespective of political background to “bury the hatchet and make progress.
Power

Century PowerWhy Nigeria is still in darkness

Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.
Mrs Hannatu Fika, Executive Secretary, Federal Government Staff Housing Loans Board (FGSHLB)

Official: Over 30,000 public servants benefit from housing loan

Mrs Hannatu Fika, the Executive Secretary, Federal Government Staff Housing Loans Board (FGSHLB), said that a total of 30,258 public servants have benefited from the board’s housing loan programme since its inception in 1924.

Electricity: SSAEC calls for review, sanction of violators on privatisation

The Senior Staff Association of Electricity and Allied Companies (SSAEC) has called for review and sanction of violators on electricity privatisation in the country.
Secretary to the Government of the Federation (SGF) Boss Mustapha

Federal government warns against vandalism of public assets

The Secretary to the Government of the Federation (SGF) Mr Boss Mustapha, has warned motorists and other road users against vandalism of road furniture in the country.
Okechukwu Enelamah

Federal government unveils plans to add 4200MW to national grid

Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, yesterday unveiled plans by the Federal Government to deploy under-utilised power assets to deliver incremental power to industrial centres and needy communities in the country.

Federal government revives $2.5 billion solar power projects

The investors in the 14 solar IPPs signed Power Purchase Agreements (PPAs) with the Nigerian Bulk Electricity Trading Plc (NBET) in July 2016.
5 President Muhammadu Buhari presides over Federal Executive Council meeting. Sept 12 2018.

Abuja tremor: Federal government to set up inter-ministerial committee

The Federal Executive Council (FEC) on Wednesday consented to the setting up of an Inter-Ministerial Committee to investigate last week’s earth tremors that hit parts of the Federal Capital Territory (FCT).
Governor of Bayelsa State, Honourable Henry Seriake Dickson

Governor Dickson: Edwin Clark’s house invasion, an attempt to intimidate Ijaw

Bayelsa State Governor, Seriake Dickson, has described the police raid of the Abuja residence of Niger Delta leader, Chief Edwin Clark, for arms, as an attempt to intimidate the Ijaw nation.
Edwin Kiagbodo Clark

Edwin Clark names top police officers behind raid of his home

Elder statesman and leader of the South-South region, Chief Edwin Clark, has revealed the identity of the top police officers involved in the raiding of his Abuja residence, on Tuesday.
Governor David Nweze Umahi

Ebonyi approves over N380 million to reposition key sectors

The Ebonyi State Government on Thursday approved N380.1 million towards repositioning some key sectors of the State, particularly health, agriculture, sports, power, commerce and industry.

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Davido deposits N36 million to purchase customised jewelry for Zlatan

Nigerian singer, songwriter and record producer, David Adedeji Adeleke aka Davido, has deposited the sum of $100K (N36million) to purchase customised jewelry for Zlatan Ibile, Skibii and seven other members of his 30BG (30billion gang).

APC is notorious for lies – Cross River governor

Governor Ben Ayade of Cross River State had described the All Progressives Congress, APC, as a group of persons notorious for lies.
As Kogi State governorship election draws near, the FCT Minister of State, Dr. Ramatu Tijjani Aliyu, has charged political gladiators in the major political parties to guard against their utterances for a violent free election.

Minister wants NEMA to extend relief assistance to Kogi flood victims

The FCT Minister of State, Dr Ramatu Aliyu, has called on the National Emergency Management Agency (NEMA) to extend relief assistance to the people affected by flood in over 150 communities in Kogi State.
Closed Nigerian border without any activity

Experts attribute inflation rate rise to border closure

Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.

Gunmen kill policeman, injure school principal in Edo

The Edo State Commissioner of Police, DanMalam Mohammed, on Wednesday confirmed the death of a police sergeant, Yusuf Igoche, in a gun duel with armed robbers on Lagos-Benin Expressway on Tuesday.