FGN

Aug
22
2024
0 Comments
By Abia ThinkTank
FGN Fines Fidelity Bank N555.8m For Compromising Customer Data

FGN Fines Fidelity Bank N555.8m For Compromising Customer Data

CBN/Commercial Banking, Economy, FGN, News Flash
FG Fines Fidelity Bank N555.8m For Compromising Customer Data The Federal government through the National Data Protection Commission has slammed Fidelity Bank with a fine of N555.8 million for violating customer data protection laws. This announcement was made by the commission’s National Commissioner, Vincent Olatunji, at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive in Abuja on Wednesday. According to Olatunji, Fidelity Bank breached the National Data Protection Act (NDP Act) 2023 and the Nigeria Data Protection Regulation (NDPR) 2019, leading to the imposition of the fine. The penalty, which represents 0.1 per cent…
Read More
Aug
21
2024
0 Comments
By Abia ThinkTank
WAEC Opens Portals For 2025 WASSCE School Recognition

WAEC Opens Portals For 2025 WASSCE School Recognition

Education, FGN, News Flash
WAEC Opens Portals For 2025 WASSCE School Recognition Schools wishing to present candidates for the 2025 West African Senior School Certificate Examination, WASSCE, have been advised to complete their recognition and upload their Continuous Assessment Scores, CASS data before 13 December 2024. WAEC disclosed this on Tuesday, when it announced the opening of online portals for school recognition and the upload of Continuous Assessment Scores for the upcoming 2025 West African Senior School Certificate Examination. A statement, referenced BN/ZC/MOE/15/VOL.2/139 and signed by Mr A. Adebolu, Head of Exams for the Branch Controller, was addressed to school principals and titled “WASSCE…
Read More
Aug
21
2024
0 Comments
By Abia ThinkTank
British Army Begins Recruitment For Nigerians, Others

British Army Begins Recruitment For Nigerians, Others

FGN, International, News Flash, World News
British Army Begins Recruitment For Nigerians, Others The British Army is offering Commonwealth citizens, including Nigerians, an opportunity to join its distinguished force starting today, 19th August 2024. The application window will remain open until 26th August 2024. Applications are specifically invited for the roles of musician, Royal Electrical and Mechanical Engineer, Royal Engineers Technician and Tradesman, and paratrooper. This recruitment phase emphasizes the vital role Commonwealth soldiers have played and continue to play within the British Army. It is crucial to note that applications must be linked to the Recruit Bounty Referral Scheme(British Army members referral) to be considered,…
Read More
Aug
21
2024
0 Comments
By Abia ThinkTank
FGN Inaugurates 10-Member Committee To Enforce Court Judgement On LG Autonomy

FGN Inaugurates 10-Member Committee To Enforce Court Judgement On LG Autonomy

FGN, Judiciary, LGA, News Flash
FG Inaugurates 10-Member Committee To Enforce Court Judgement On LG Autonomy The Federal Government has set up a 10-member Inter-Ministerial Committee to ensure the enforcement of the Supreme Court’s recent judgement granting financial autonomy to Local Governments in Nigeria. This committee was inaugurated by Senator George Akume, the Secretary to the Government of the Federation (SGF) on August 20. The Supreme Court, on July 11, 2024, ruled that Local Governments must receive their funds directly, without interference from state governments. This ruling, delivered by Justice Emmanuel Agim, declared that it is unconstitutional for state governments to withhold or use funds…
Read More
Aug
19
2024
0 Comments
By Abia ThinkTank
FGN Plans New Taxes, Regulation For Cryptocurrency By September

FGN Plans New Taxes, Regulation For Cryptocurrency By September

CBN/Commercial Banking, Economy, FGN, News Flash
FG Plans New Taxes, Regulation For Cryptocurrency By September The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. Speaking over the weekend at the FIRS 2024 Stakeholders Engagement with the Senate and House of Representatives Committees on Finance in Lagos, Dr. Adedeji highlighted the absence of current legal frameworks governing cryptocurrency in Nigeria, calling for the urgent need for regulation. Nigeria’s cryptocurrency industry is estimated to be worth up to $400 million and one…
Read More
Aug
19
2024
0 Comments
By Abia ThinkTank
President Tinubu Appoints New National Hajj Commission Chairman

President Tinubu Appoints New National Hajj Commission Chairman

FGN, News Flash, Religion
Tinubu Appoints New National Hajj Commission Chairman President Bola Tinubu has approved the appointment of Professor Abdullahi Saleh Usman as the Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). The development was contained in a press statement by Ajuri Ngelale, the Special Adviser to the President Media and Publicity. Professor Usman appointment is coming amid probing of former agency Boss, Jalal Arabi, and the commission’s secretary, Abdullahi Kontagora by EFCC. Professor Usman is a renowned scholar with qualifications from two Islamic centres of excellence — the University of Madinah and Peshawar University, Pakistan. He is also well-grounded in…
Read More
Aug
19
2024
0 Comments
By Abia ThinkTank
ASSU Gives FGN 21-Day Strike Notice

ASSU Gives FGN 21-Day Strike Notice

Education, FGN, News Flash
ASUU Gives FG 21-Day Strike Notice The Academic Staff Union of Universities has informed the Federal Government of its plans to embark on a nationwide strike by placing the government on a 21-day notice. Sources within the National Executive Council of ASUU confirmed the development to PUNCH correspondent in Abuja on Monday. The notice was issued at the end of the NEC meeting, which was held at the University of Ibadan, and a copy is expected to be transmitted to the Federal Ministries of Labour and Education. “It is not an ultimatum but a strike notice. We are giving them…
Read More
Aug
17
2024
0 Comments
By Abia ThinkTank
FAAC Disburses N1.358 Trillion In July 2024 To FG, States, LGAs

FAAC Disburses N1.358 Trillion In July 2024 To FG, States, LGAs

CBN/Commercial Banking, Economy, FGN, News Flash
FAAC Disburses N1.358 Trillion In July 2024 To FG, States, LGAs The Federation Accounts Allocation Committee (FAAC) has shared N1.358 trillion to Federal Government, States and Local Government Councils in July 2024. This allocation, which came from the July 2024 Federation Accounts Revenue, is aimed at promoting equitable distribution of resources across the country. According to the communiqué at the end of the meeting, the Federal Government received a cumulative sum of N431.079 billion while state governments were allocated N473.477 billion. Local governments received N343.703 billion, and oil-producing states were granted N109.816 billion. The breakdown of the N1.358 trillion total…
Read More
Aug
16
2024
0 Comments
By Abia ThinkTank
President Tinubu, Equatorial Guinea President Sign Agreement On Gas Pipeline

President Tinubu, Equatorial Guinea President Sign Agreement On Gas Pipeline

Business, FGN, News Flash
Tinubu, Equatorial Guinea President Sign Agreement On Gas Pipeline President Bola Tinubu and Equatorial Guinea, President Teodoro Mbasogo on Wednesday evening in Malabo signed an agreement on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development. The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles. In his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment.…
Read More
Aug
16
2024
0 Comments
By Abia ThinkTank
11 FGN Initiatives Nigerians Should Know About, Websites To Register

11 FGN Initiatives Nigerians Should Know About, Websites To Register

Economy, FGN, News Flash
11 FG Initiatives Nigerians Should Know About, Websites To Register 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, using the hashtag #HMMohammedIdris. He also shared a two-minute and 52-second video on his page. He posted, “Nigerians have at least eleven different initiatives created by the federal government to apply and register for These eleven key initiatives cover…
Read More