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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

  • 19th August 2026

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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

Tag: FG

Electricity

FG, World Bank inject $500m to revive DisCos

The Federal Government, in collaboration with the World Bank, is set to inject $500 million into Nigeria’s ailing electricity distribution sector under the Distribution Sector Recovery Programme, as part of efforts to cut losses, close the metering gap and improve power supply nationwide. The intervention was disclosed by Director of the Energy Sector Department at […]

featured

Nigeria secures $18.2bn oil investments with 28 new field plans

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says Nigeria recorded a major investment milestone in 2025 with the approval of 28 new field development plans worth $18.2bn, projected to deliver about 1.4 billion barrels of oil. Speaking on Tuesday in Abuja at the opening of the 9th Nigeria International Energy Summit 2026, […]

FG to provide free ICT training for youths - Youth minister
Business

FG launches free nationwide programme to boost financial literacy 

The Federal Government has launched a nationwide free training programme designed to equip 10 million Nigerians with skills in financial literacy and inclusion. According to a statement by the Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha, the initiative will give priority to women and youth. It will focus on key […]

featured

Nigeria delivers fully equipped Africa Energy Bank headquarters to APPO

Nigeria on Monday officially transferred the fully equipped headquarters of the Africa Energy Bank to the Association of African Petroleum Producing Countries, a significant step toward mobilising sustainable funding for oil and gas projects across Africa. The handover, held in Abuja, was led by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, […]

Business

FG to share electricity subsidy burden with states, LGs

The Federal Government has announced plans to stop bearing electricity subsidy costs solely, unveiling a new framework that will share the responsibility among the federal, state, and local governments starting in 2026. The Director-General of the Budget Office of the Federation, Tanimu Yakubu, made this known on Monday in Abuja at a training and sensitisation […]

Business

FG to earn $5bn annually from carbon credits – Greenplinth Africa

The Federal Government is expected to generate up to $5bn yearly from carbon credit revenues linked to the 80 Million Clean Cookstoves Project, a major climate and energy initiative being executed by Greenplinth Africa Limited. The projection was revealed by the company’s Group Chief Financial Officer, Babatunde Aina, during a media chat and stakeholders’ engagement […]

FG targets 1,268MW from new hydropower plants
Energy

FG hands over 6MW Ikere Gorge hydropower plant to private firm

The Federal Government handed over the six megawatt Ikere Gorge hydropower plant in Iseyin, Oyo State, to Messrs. Quaint Power and Infrastructure Nigeria Limited over the weekend. The handover was executed under a Public-Private Partnership concession arrangement aimed at boosting power supply. This development was announced in a statement signed by Terhemen Oraduen, Personal Assistant […]

Business

FG approves two new satellites to boost digital infrastructure

The Federal Government has approved the acquisition of two new communication satellites to strengthen Nigeria’s digital infrastructure and support President Bola Tinubu’s vision of a $1 trillion economy. Minister of Communications and Digital Economy, Mr. Bosun Tijani, announced this on Wednesday in Abuja during a press briefing marking Global Privacy Day 2026, hosted by the […]

Economy

FG approves two new satellites for $1tn economy goal

The Federal Government has approved the purchase of two new communication satellites. This move aims to boost Nigeria’s digital infrastructure and support President Bola Tinubu’s plan to grow the economy to $1tn. The Minister of Communications and Digital Economy, Mr Bosun Tijani, disclosed this on Wednesday in Abuja. He spoke at a press conference to […]

Business

FG hits full subscription for first power sector bond

The Federal Government has achieved full subscription for its N501 billion maiden power sector bond under the Presidential Power Sector Debt Reduction Programme, reflecting strong investor confidence in ongoing electricity market reforms. This was disclosed on Tuesday by the Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, via X (formerly Twitter). Proceeds […]

Business

FG forms committee to restore Aluminium Smelter Company operations

The federal government has inaugurated an 11-member project delivery committee in a renewed effort to revive the Aluminium Smelter Company of Nigeria and restore it to full operational capacity in the near future. The committee includes three representatives from ALSCON, two from the Niger Delta Power Holding Company, two from the Transmission Company of Nigeria, […]

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