On Air
On Air Now:
Now Playing:Loading...
Call Us Live: 0700923923923
Watch Live Advertise With Us

Tag: FG

Homepage > FG
site loader
March 4, 2024 FG Begins Repair Works On Long Bridge Today
IFMNEWS

FG Begins Repair Works On Long Bridge Today

The Federal Controller of Works in Lagos, Olukorede Kesha, has said repair works on the damaged expansion joints on the Long Bridge along the Lagos-Ibadan Expressway will start today.

In a statement signed by her, Kesha stated that the repair works would begin from 7 a.m. today, Monday, March 4, to March 25, 2024.

According to her, commuters leaving and entering Lagos through the Long Bridge, will be restricted to two lanes on both sides of the bridge.

This, she said, will enable the contractors to handle the repair work on the other two lanes of the carriageways.

She consequently urged road users to adhere to lane discipline on both approaches to the Long Bridge and around the narrowed sections on the bridge.

November 27, 2023 FG Moves To Crash Cooking Gas Price
IFMNEWS

FG Moves To Crash Cooking Gas Price

The Federal Government has initiated a process to resolve challenges bordering on the supply and pricing of liquefied petroleum gas in the country’s domestic market, better known as cooking gas.

In a statement by Louis Ibah, the spokesman for the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, said the ministry waded into the issue following a rise in the price of LPG per kilogram from about N700 to above N1,100 in some parts of the country.

He said the meeting, which was called by the minister, had major private and government stakeholders in attendance.

Ekpo expressed the concerns of President Bola Tinubu over the astronomical increase in the price of cooking gas and the attendant hardship for the majority of citizens.

The minister, who noted that Nigeria is abundantly endowed with gas reserves, said the situation where some of the multinational firms were more concerned with gas exports without dedicating huge volumes to the domestic market was unacceptable and should be discouraged.

November 23, 2023 CBN Governor Yemi Cardoso To Address Nation On Monetary Policy, Naira Fall
IFMNEWS

CBN Governor Yemi Cardoso To Address Nation On Monetary Policy, Naira Fall

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, is scheduled to make a national address tomorrow, November 24, 2023, at 7 pm, according to a reliable source close to the CBN governor who chose to remain anonymous.

This forthcoming address holds significant importance for Governor Cardoso, marking his inaugural public engagement since assuming the position of CBN Governor over two months ago, following his appointment by President Bola Tinubu.

Governor Cardoso's speech is anticipated to delve into a comprehensive explanation of the CBN's monetary policy and strategic plans, focusing on addressing the challenges facing the national currency, the Naira. Given the economic uncertainties, this communication aims to offer transparency and reassurance to the public.

The announcement follows President Bola Tinubu's nomination of Cardoso as CBN Governor on September 15, a decision prompted by the suspension of the former Governor, Godwin Emefiele, on June 9. Four deputy governors were appointed alongside Cardoso, including Emem Usoro, Muhammad Dattijo, Philip Ikeazor, and Bala M. Bello.

However, since assuming office, Governor Cardoso has been criticised for not convening the bi-monthly Monetary Policy Committee (MPC) meeting, the apex bank's highest policy-making committee. The last MPC meeting took place on July 25. The MPC is instrumental in reviewing economic and financial conditions, determining short to medium-term policy stances, regularly evaluating the CBN monetary policy framework, and effectively communicating policy decisions to the public.

November 23, 2023 FG Asks Supreme Court To Extend Old Notes Validity After December 31
IFMNEWS

FG Asks Supreme Court To Extend Old Notes Validity After December 31

The Federal Government has asked the Supreme Court to grant an extension of time for old naira notes to remain in circulation as legal tender.

The government also wants the court to lift its March 3 order that the old naira notes should remain alongside the new notes till December 31.

In March, the Central Bank of Nigeria (CBN) said old N200, N500, and N1,000 banknotes would remain legal tender till December 31, 2023.

It said the extension of time is necessary, and it has not been able to print the volume of new notes that would enable it to phase out old currency before the December 31 order.

In the fresh application by the Attorney-General of the Federation, Lateef Fagbemi, the Federal Government said if the Supreme Court declines its request, the country may descend into another economic and financial crisis, as witnessed during the naira redesign policy implemented by the former CBN Governor, Godwin Emefiele.

DOWNLOAD OUR APP

Google Play App Store

FOLLOW US

Inspiration 92.3 FM is operated by Amazing Inspirations Media Limited. © 2022

Watch Live

x
PHP Code Snippets Powered By : XYZScripts.com
X