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Farmers accessed ₦3.4trn credit in 2025 – FG

Agribusiness

DisCos back power supply to Togo amid domestic shortages

Business

Oil Prices fall as Trump pauses strikes on Iran

Business

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Tag: FG

Seven banks paid N392.53bn in taxes in first half of 2024
Finance

FG unveils committee for fair capital gains tax rollout

The Federal Government has inaugurated the National Tax Policy Implementation Committee, signifying a deliberate shift towards a more predictable and market-aligned rollout of the newly enacted capital-gains-tax provisions. This initiative follows extensive technical engagements with key capital-market institutions, including the Securities and Exchange Commission and Nigerian Exchange Group. The action reflects policymakers’ recognition of the […]

Finance

New tax laws will be fair, respect personal accounts – FG

The Federal Government has reassured Nigerians and investors that the implementation of the newly enacted tax laws will be fair, transparent, and carried out with a strong sense of responsibility. This assurance was given by Mr. Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee, after the committee was inaugurated in Abuja by the […]

Stakeholders advocate tax holidays in housing sector
Business

FG defends new tax reforms, says not additional burden

The federal government has defended the recently enacted tax laws, describing them not as additional burdens but as reforms designed to simplify Nigeria’s tax system, remove overlapping levies, and strengthen investor confidence. The Nigeria Tax Act and Nigeria Tax Administration Act have sparked nationwide debate, with some citizens expressing concerns over their potential impact on […]

featured

FG to pay N185bn gas debts, boost power supply – Minister

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Thursday revealed that the Federal Government has taken a major step to boost the gas sector and ensure stable power supply, following President Bola Tinubu’s approval to clear N185 billion in longstanding debts owed to natural gas producers. In a statement from his spokesman, […]

Boeing probes cyber attack
Aviation

FG partners Boeing, Cranfield University for aviation upgrade

President Bola Tinubu has unveiled a historic collaboration between the Federal Government, Boeing, and UK-based Cranfield University to set up a state-of-the-art Maintenance, Repair, and Overhaul facility in Nigeria. The initiative is projected to save airlines more than $200 million annually, currently spent on overseas maintenance. Tinubu, represented by Secretary to the Government of the […]

Business

FG, BoI sign MoU to manage $100m equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, on Tuesday signed an MoU with the Bank of Industry to manage the $100 million allocated to the newly created equity investment scheme. At the ongoing Practical Nigerian Content Forum themed “Securing Investments, Strengthening Local Content and Scaling Energy Production,” the Executive Secretary of […]

Oil and Gas

FG orders oil firms to fast-track projects, increase production

The Federal Government has called on oil companies operating in Nigeria to fast-track project sanctions and ramp up field development, insisting that the country must significantly increase crude oil production to boost the economy and remain competitive in the global energy market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal […]

Meristem projects oil, banking sector gains amid rising crude prices
Oil and Gas

FG launches $100m equity fund for oil and gas firms

The Federal Government has launched a $100 million equity investment scheme aimed at boosting the capacity of Nigerian companies operating in the oil and gas sector. The initiative was unveiled on Tuesday at the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State, by the Executive Secretary of the Nigerian Content Development and Monitoring Board, […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

FG unveils 50 oil blocks, targets $10bn investment

The Federal Government has announced the immediate opening of bids for 50 oil and gas blocks, a move projected to attract $10 billion in new investments and increase national oil production by an estimated 400,000 barrels per day. Over the next ten years, the government also aims to secure 10 billion barrels of oil in […]

News

FG deploys 240 e-tricycles across 12 universities

The Federal Government has rolled out 240 electric tricycles and 12 solar-powered charging stations at 12 public universities. Funded by TETFund, the project aims to offer students cleaner, more affordable, and reliable transportation, the Minister of Education, Dr. Tunji Alausa, announced on his official X page on Monday. In the post, Alausa stated that he […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG proposes 40% salary increase for ASUU lecturers

The Federal Government has reportedly proposed a 40 per cent salary increase for lecturers under the Academic Staff Union of Universities, sources familiar with the development told our correspondent in Abuja. The proposal comes as the ASUU leadership prepares to return to the negotiation table with the Federal Government delegation headed by Yayale Ahmed. The […]

Nigerian banks lose N9.5bn to e-fraud so far in 2023
featured

FG to fine, shut banks over terrorism financing – Bwala

The Federal Government has issued a stern warning to Nigerian banks, financial institutions, and accounting firms, vowing to prosecute leaders and impose severe penalties, including heavy fines or closure, on any found complicit in terrorism financing. This was disclosed by President Bola Tinubu’s Special Adviser on Media and Public Communication, Daniel Bwala, in an interview […]

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