Business

FG unveils PenCom governing board in Abuja

  • 23rd March 2026

DisCos back power supply to Togo amid domestic

  • 23rd March 2026

Oil Prices fall as Trump pauses strikes on

  • 23rd March 2026

Middle Eastern war severely damages 40+ energy facilities

  • 23rd March 2026

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FG unveils PenCom governing board in Abuja

Business

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

Tag: FG

Business

FG stops five major road contracts in Kogi over delay

The Federal Government has canceled five major road contracts in Kogi State due to “unacceptable delays, non-performance, and excessive time overruns.” Following a review meeting, Works Minister David Umahi stated the government will no longer tolerate contractors who accept payment but fail to deliver, citing projects with less than 5 per cent completion after exceeding […]

Housing

FG to unlock $300bn dead capital through land administration

The Minister of Housing and Urban Development, Mr Ahmed Dangiwa, says the Federal Government is set to overhaul its land administration system to unlock an estimated $300 billion in dead capital. The minister said the aim was to boost economic development across the 36 states and the Federal Capital Territory. Dangiwa stated this in Kano […]

Nord Stream gas leak has stopped, says spokesman
Energy

FG harps on energy solutions for Nigeria’s economic advancement

The Federal Government has emphasised that tackling Nigeria’s persistent energy supply challenges is essential to achieving long-term, sustainable national prosperity. Permanent Secretary of the Federal Ministry of Petroleum Resources, Mr. Emeka Vitalis Obi, made this known on Tuesday at the 8th Valuechain Annual Lecture Series in Abuja. According to Vanguard, the event, themed “Growth in […]

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

FG stops pioneer status applications for new tax scheme

The Federal Government has officially stopped receiving applications for the Pioneer Status Incentive, effective November 10, 2025. This cessation means that corporate organizations will no longer be able to enjoy the initial three-year tax-free incentives for new businesses under the existing scheme. The Nigerian Investment Promotion Commission stated that this step is part of the […]

Minister threatens to revoke Kogi-Benin Road contracts
News

FG considers filling lagoon to replace building 3km Lekki seaport bridge

The Federal Government is exploring the option of filling a stagnant lagoon as an alternative to constructing a 3-kilometre bridge on the ongoing Lekki Deep Seaport–Epe–Ijebu-Ode access road. Minister of Works David Umahi disclosed this during an inspection of the project on Sunday, according to the News Agency of Nigeria. He also stated that the […]

NIMASA, Sternula collaborate on vessel communication
Business

FG unveils PPP model to lead maritime decarbonisation in Africa

The Nigerian Maritime Administration and Safety Agency has unveiled a new Public-Private Partnership model designed to drive maritime decarbonisation across Africa, marking a significant step in the country’s push toward cleaner shipping. Speaking at the 2025 UN Framework Convention on Climate Change in Balem, Brazil, NIMASA presented its newly established Nigerian Maritime Continuous Emissions Monitoring […]

featured

FG to open first 47km of Lagos-Calabar coastal highway December

The Federal Government says the first 47-kilometre stretch of the Lagos–Calabar coastal highway will open to traffic in December 2025. Works Minister David Umahi announced this on Sunday during an inspection tour, noting that the section is expected to be ready between December 12 and 17. He added that the government and the contractor remain […]

Business

Osun partners FG to export made-in-Osun goods globally

Osun State Governor, Ademola Adeleke, has revealed that his administration is actively collaborating with two Federal Government agencies to ensure that goods produced within the state successfully reach the global market. Governor Adeleke specifically identified the collaborating agencies as the Nigerian Export Promotion Council and the Nigerian Investment Promotion Commission, stating the partnership aims to […]

Business

FG to build 500 CNG stations

The Federal Government plans to set up 500 Compressed Natural Gas refuelling stations nationwide within three years to speed up Nigeria’s shift to cleaner, cheaper fuels and reduce reliance on petrol. The move follows the completion of talks between the Midstream and Downstream Gas Infrastructure Fund and Chinese equipment maker Endurance Group on deploying large-scale […]

Business

FG pays nearly $3bn on Eurobond servicing

The Federal Government has spent approximately $2.93 billion on servicing Eurobond debt over eight quarters under President Bola Tinubu, according to Debt Management Office records. The data, spanning Q3 2023 to Q2 2025, show that Eurobond repayments made up 31.5 percent of Nigeria’s total external debt service of $9.32 billion during this period. Notably, interest payments dominated the […]

Agribusiness

FG targets ₦160bn wheat output, registers 80,000 farmers

The Federal Government announced on Saturday that it has allocated 40,000 hectares of land for the 2025/2026 dry season wheat production, simultaneously registering 80,000 farmers for the program, with the projected output valued at approximately ₦160 billion. The Minister of Agriculture and Food Security, Abubakar Kyari, revealed these figures during the official flag-off ceremony of […]

Business

FG partners 100 countries to enforce remote workers’ tax compliance

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that Nigeria has signed agreements with over 100 countries to obtain data on remote workers as part of efforts to ensure proper tax compliance. Speaking at a webinar organised by the National Orientation Agency on Wednesday, themed “Simplifying Nigeria’s Tax […]

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