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Business

Edun reaffirms FG’s commitment to sustaining economic reforms

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated the federal government’s resolve to sustain ongoing economic reforms and promote inclusive financing as key levers for driving growth beyond four percent. Chairman of the Committee of Bank CEOs and Group Managing Director of United Bank for Africa Plc, Oliver Alawuba, […]

Business

FG reaffirms commitment to fast-tracking Brass Gas project

The Federal Government has reaffirmed its commitment to accelerating the completion of the multi-billion-dollar Brass Gas Projects in Bayelsa State, underscoring the initiative as a key driver of Nigeria’s industrialisation through the strategic use of natural gas. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated this on Thursday at a two-day All-Party Stakeholders’ […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG releases ₦2.3bn to clear ASUU salary, promotion arrears

The Federal Government said it has released about ₦2.3 billion to pay arrears and backlogs owed to the Academic Staff Union of Universities and other university-based unions. A statement signed by the Director, Press and Public Relations, Ministry of Education, Folasade Boriowo, on Wednesday, said the funds were released through the office of the Accountant-General […]

Business

FG urges S’East businesses to utilize ECOWAS trade scheme

The Federal government has urged the business community in the South East to avail themselves of the opportunity presented by the Economic Community of West African States Trade Liberalization Scheme to boost the international trade of their products. The ETLS is a trade instrument established in 1979 by ECOWAS as a cornerstone for regional integration, […]

News

FG signs $400m deal for new steel plant in Ogun

Nigeria’s long-awaited steel revolution may finally be taking shape as the Federal Government on Wednesday announced the signing of a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal, signed in Abuja between the Federal Ministry of Steel Development and […]

FG sets December deadline for completion of East-West road
Business

Local contractors threaten protest over unpaid 2024 projects debt

The Association of Indigenous Contractors of Nigeria has threatened to stage a nationwide protest on November 3, 2025, over the Federal Government’s alleged refusal to pay for projects completed during the 2024 fiscal year. Speaking at a press conference on Tuesday in Abuja, AICAN National President, Jackson Ifeanyi, condemned the situation as a “grave injustice” […]

Electricity

FG secures ₦700bn to install 1.1m electricity meters

The Federal Government has obtained about ₦700 billion from the Federation Account Allocation Committee to fund the installation of 1.1 million electricity meters nationwide by December 2025. Minister of Power Adebayo Adelabu disclosed this on Tuesday in Lagos during the 2025 Nigerian Energy Forum, themed “Powering Nigeria through Investment, Innovation, and Partnership,” according to the […]

Aviation

FG pledges dialogue to ensure affordable aviation fuel supply chain

The Federal Government has committed to promoting dialogue between government, oil marketers, and airline operators to create a fair and transparent fuel supply chain that supports both economic sustainability and operational excellence. This commitment was pledged by the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, who promised to focus on policies and partnerships […]

Business

FG sets uniform prices for Renewed Hope housing units nationwide

The Federal Government has set uniform sale prices for housing units under its Renewed Hope Estate Programme across all states of the federation. This was disclosed in a statement on Thursday, by the Director of Press and Public Relations at the Federal Ministry of Housing and Urban Development, Badamasi Haiba. The units—comprising one-, two-, and […]

Business

FG launches federal treasury receipt for payment transparency

The federal government has introduced the Federal Treasury Receipt, a pioneering reform that provides a single, standardized, and digitally verifiable proof of all payments into federal accounts. The initiative is designed to ensure that every government-issued receipt accurately reflects funds received, enhancing accountability, preventing revenue leakages, and boosting public confidence in the management of national […]

Maritime

FG launches drive to modernise ports beyond Lagos

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has revealed that the Federal Government has begun procuring services and equipment to modernise seaports outside Lagos, aiming to promote balanced development across Nigeria’s maritime hubs. He made the disclosure on Wednesday in Lagos during the 2025 Chartered Institute of Logistics and Transport Nigeria Conference, themed, […]

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