Browsing Tag

Bailout

Lufthansa airline puts bailout to vote in make-or-break shareholders’ meeting

Babatunde Abdulfatah Jun 25, 2020 0

The fate of Germany’s ailing Lufthansa airline will be decided on Thursday at an extraordinary shareholders’ meeting, in which a nine-billion-euro ($10 billion) government bailout will be put to a vote. SEE ALSO: Tunisian Parliament…

Business

US Restaurants Ask Trump For $455b Bailout

Faith Mar 19, 2020 0

US restaurants on Wednesday asked President Donald Trump for at least $455 billion due to the ongoing coronavirus crisis. They made this request because the industry could lose nearly half of its 15.6 million jobs and a quarter of annual…

Government

Buhari doles out fresh N2 trillion bailout to states

Samuel Oduoye Jun 18, 2019 0

The Chairman of the Progressives Governors Forum, Atiku Bagudu, has confirmed the receipt of two trillion naira from the Federal Government to the 36 states of the federation. Bagudu said this after a closed-door meeting between…

News

Salary arrears: Kogi workers cry to Buhari to approve N30.8 bn bailout

John Ogunsemore Apr 11, 2019 0

Kogi workers have appealed to President Muhammadu Buhari to approve the release of the balance of N30.8 billion of the state share of the bailout fund for the payment of their salary arrears. The state Chairman of the Nigeria Labour…

Metro

Reps to probe FG’s bailout funds to states

News Agency of Nigeria Jul 14, 2016 0

The House of Representatives on Thursday, resolved to probe issues surrounding bailout funds given to states by the Federal Government. It said that it would set up an ad hoc committee to investigate the terms and conditions of…

Government

Fayose Bows to Pressure, Ready to Accept FG Bailout

News Agency of Nigeria Jun 21, 2016 0

With the pressure mounting in Ekiti state over unpaid salaries, Governor Fayose has stated the readiness of Ekiti state to access the bailout funds provided by the Federal Government. The federal government had promised states bailout…

Government

Buhari has Zero-Tolerance for Corruption – Osinbajo

Jumoke Aug 2, 2015 0

Vice President Yemi Osinbajo has said that corruption and looting of public funds will not be tolerated because President Muhammadu Buhari has zero-tolerance for corruption. Osinbajo also explained that the federal government decided to…

Government

No State Governor Has Received Bailout Funds – Oshiomhole

Jumoke Jul 27, 2015 0

Edo State Governor, Adams Oshiomhole has said that none of the 36 state governors had received a dime of his state’s share of the N713.7bn bailout fund from the Federal Government. Oshiomhole told journalists shortly after a reception in…

Government

Monitor Ekiti N2.1bn Bailout – APC Urges Buhari, EFCC

Jumoke Jul 12, 2015 0

Ekiti State Chapter of the All Progressives Congress has urged President Muhammadu Buhari and the Economic and Financial Crimes Commission to closely monitor the N2.1 billion Bailout to the state. The Party in a by its Publicity…

Business

Ondo Got Allocation not Bailout – Ogundipe

Jumoke Jul 11, 2015 0

Ondo State Government has denied receiving any bailout from the Federal government to pay outstanding workers salary because the state only received N2.2bn June allocation from the Federation account. At a joint media briefing addressed…

Government

Bailout: Buhari Has Started on a Very Bad Note –LP

Jumoke Jul 11, 2015 0

Labour Party has said that President Muhammadu Buhari has not learnt to accept the mistakes of the previous administration and this portends that he has started on a very bad note. The LP National Chairman, Alhaji Abdukadir Abdulsalam…