Business

Crude supply to local refineries hits 58.8m barrels

  • 10th May 2026

17 Americans, others evacuated from cruise ship after

  • 9th May 2026
FG targets 6500 megawatts power generation in six months

Lagos grants 14 licences to boost power supply

  • 9th May 2026

AfDB approves $61m facility to support women-led MSMEs

  • 9th May 2026

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US crude imports from Nigeria fall 15% in Q1

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Crude supply to local refineries hits 58.8m barrels

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17 Americans, others evacuated from cruise ship after Hantavirus

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Finance

Reps sets up panel to recover outstanding FG debts

The House of Representatives on Thursday constituted an ad-hoc committee to investigate debts owed to the Federal Government by state actors, private entities and Ministries, Departments and Agencies, appointing the member representing Obokun/Oriade Federal Constituency of Osun State, Oluwole Oke, as chairman of the panel. The committee was inaugurated following the adoption of a motion […]

Economy

FG rules out fuel subsidy return, backs market pricing policy

The federal government has ruled out any return to fuel subsidies or the introduction of price controls, reaffirming its commitment to market-driven economic policies. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this known on Tuesday in Paris, stating that subsidy regimes distort the economy and will not be reinstated. He […]

Aviation

FG, Airbus seal strategic aviation development ties

The Federal Government has entered into a strategic partnership with European aircraft manufacturer Airbus, focusing on key areas including infrastructure development, maintenance capability, and human capital advancement. The collaboration was formalised through a Memorandum of Understanding, details of which were disclosed in a statement issued on Monday, according to The Punch. Under the terms of […]

Business

FG urges fairness, equity in global push for decarbonisation

The Federal Government has urged the global maritime community to ensure fairness, equity, and meaningful support for developing countries as the industry works toward achieving net-zero emissions in international shipping. Addressing the 84th session of the Marine Environment Protection Committee of the International Maritime Organization in London, the Minister of Marine and Blue Economy, Dr. […]

Aviation featured

FG establishes aircraft leasing company to boost domestic carriers

The Federal Government has approved the creation of the Nigeria Aircraft Leasing Company to enhance domestic airlines’ access to aircraft and boost the nation’s aviation industry. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the decision on his official X account on Friday, stating that it was one of the resolutions adopted at Thursday’s […]

Business

Tinubu names Odumegwu-Ojukwu as foreign affairs minister

President Bola Ahmed Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs. The appointment was announced on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy. It follows the resignation of the former Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who reportedly stepped down […]

Bubari re-appoints Dabiri-Erewa as NIDCOM chairman
Business

FG demands action as violence against Nigerians escalates in S’Africa

The Nigerian government has expressed concern over renewed attacks on Nigerians in South Africa, setting out key demands to address the situation. The Chairman/CEO of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, disclosed this in a statement released on April 29, 2026. She noted that for several weeks, there has been an increase in xenophobic […]

Business

FG unveils AfCFTA toolkits to streamline trade processes

The Federal Government has unveiled simplified guidebooks and toolkits to strengthen Nigeria’s engagement in the African Continental Free Trade Area streamline trade processes, and drive non-oil export growth. Published in English, Arabic, and Hausa, the materials are intended to deepen inclusivity and equip Nigerian businesses to tap into opportunities across the continental market. The Minister […]

Pensioners lament FG’s decision to scrap PTAD
Business

PTAD completes final payment of N32,000 pension increment arrears

The Pension Transitional Arrangement Directorate has announced that it has disbursed the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme. This was contained in a statement released on Monday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi. According to the agency, the payment completes all outstanding […]

Business

Minister pledges collaborative approach to tackle housing deficit

The newly appointed Minister of Housing and Urban Development, Muttaqha Darma, has pledged to embrace a collaborative leadership style to tackle Nigeria’s housing deficit and enhance affordability nationwide. Speaking during the handover ceremony in Abuja on Monday evening, Darma said his administration would work closely with key stakeholders in the sector to deliver on its […]

Finance

FG borrowed ₦2.69tn from bond market in Q1 2026 — DMO

The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office auction results has shown. Data from the DMO for January, February, and March 2026 indicated that the total was […]

Food

FG to cut post-harvest losses by 10%, tackle hunger

The Federal Government has said that if the country can reduce post-harvest loss of farm produce by just 10 per cent, it will drive food availability. The government highlighted the alarming rate of agricultural produce wastage in Nigeria, with farmers losing up to 70 per cent of their harvest due to inadequate storage and poor […]

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