Posts Tagged ‘FGN’

BREAKING: FG to renew Shell’s licence, Court orders

by Ikokwu Ikembaon August 23, 2019
The Federal High Court, Abuja, on Friday, ordered the Federal Government to renew the operating licence of the Shell Petroleum Development Company (SPDC). Justice Taiwo Taiwo, who delivered the judgment, said that though the company had applied for a term of 30-year period for the Oil Mining Lease (OML) 11, the judge however granted a […]

FG to spend N28bn for purchase of grains

by Ikokwu Ikembaon May 17, 2019
The Federal Executive Council (FEC) has approved N27.7bn for the purchase of grains. The approvals were granted at the FEC meeting presided over by President Muhammadu Buhari at the State House, Abuja on Wednesday. Briefing newsmen after the meeting, minister of Agriculture and Natural Resources, Audu Ogbeh said N9.4bn was approved for the purchase of […]

Nigeria did not mortgage property for China loan – Amaechi

by Ikokwu Ikembaon May 14, 2019
The minister of transportation, Rotimi Amaechi, said on Monday, May 13, that the Nigerian government did not mortgage any property to secure infrastructural loans from China. Amaechi made the clarification at the 6th Annual East African Transport Infrastructure conference held in Nairobi, Kenya According to Amaechi, Nigeria did not offer China any such comfort because […]