Nigerian News from Leadership News
  • FG Creates Assets Register To End Property Theft

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      The federal government has launched an asset tracking and management project with which it will locate, identify, assess and evaluate all its movable and immovable assets. The Minister of Finance, MrsKemiAdeosun, who disclosed this yesterday noted that a Central Asset Register will be created to realise this objective. LEADERSHIP had exclusively reported in December…

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  • Real Reasons For Arik Air’s Takeover Exposed

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    Desperation of a powerful cabal in the presidency to float a national airline by all means may have led to the hostile takeover of the privately, owned carrier, Arik Air, last Thursday, LEADERSHIP learnt. Sources disclosed that the action was to preempt a crucial meeting the suspended management of the airline was scheduled to have…

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  • FG, Marketers Agree To Retain Petrol Price At N145

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    The federal government and major oil marketers in the nation’s downstream sector have reached an agreement to retain the cost of Premium Motor Sprit (PMS), otherwise known as petrol, at the current price of N145 per litre. At a two-day consultative forum of the downstream petroleum sector convened by the presidency earlier in the week,…

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  • Taraba Governor Signs N110.2bn 2016 Budget Into Law

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    Taraba State governor, Darius Dickson Ishaku has signed the N110.2bn 2017 appropriation bill passed by the State Assembly into law. The budget consists of N60.8bn, which is about 55.23% of the total budget for capital projects and N49.3bn, about 44.77% for recurrent projects. While signing the bill, which was presented to the State Assembly by…

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  • FG Loses $198.7m To Oil Swap, Offshore Arrangement – NEITI

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    The Nigeria Extractive Industries Transparency Initiative, NEITI, said the country  lost $198.7 million in 2014 to the crude oil-for-product swap and the Offshore Processing Arrangements, OPA NEITI disclosed this  in its Audit Report for 2014 released in Abuja. It  said the release of the reports was in accordance with the global Extractive Industries Transparency Initiative…

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  • Forex: Industries, Aviation, Others Get N1bn Allocation In December

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    The Central Bank of Nigeria (CBN) yesterday disclosed that it has given access to requests for foreign exchange valued at N1,003,373,891.75 through the inter-bank window to enable respective industries procure industrial raw materials and machine spare-parts. The apex bank said this was done in line with its determination to ensure seamless flow of activities in…

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  • Citing Recession, Change In Priority, Organisations Ditch Yuletide Decorations

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    The usual glamorous sight of beautiful and colourful decorations of buildings and offices by corporate organisations and government agencies during Christmas and New Year celebrations are missing this year across the country, due to economic challenges in the country and change in priority, among others, by organisations. In Abuja for instance, unlike previous years when…

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  • FG Begins Property Audit In MDAs

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    The federal government said it has commenced an audit of its property in ministries, departments and agencies (MDAs). During this exercise, it will particularly beam its searchlight on those who held government offices in the past and used the property to advance their personal interest to the detriment of the State. This comes as government…

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