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OPEC rejects IEA forecast of oil oversupply

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Dunamis terminal denies responsibility for Ago palace gridlock

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FG ends mandatory stamp duty deductions by MDAs

  • 18th June 2026

New NIA chairman unveils blueprint for insurance sector

  • 18th June 2026

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Business

FG insists re-enactment of 2024, 2025 appropriations is constitutional

The Federal Government on Wednesday defended the re-enactment of the 2024 and 2025 Appropriation Acts, rejecting allegations of constitutional violations and fiscal impropriety. This comes despite the accountability group BudgIT’s assertion that operating overlapping national budgets constitutes a fiscal anomaly that undermines transparency and sound financial management. In a statement issued Wednesday, the Director-General of […]

Business

Investor confidence drives $14bn FDI, portfolio inflows into Nigeria – FG

Nigeria drew almost $14 billion in combined foreign portfolio and direct investments in the first nine months of 2025, buoyed by renewed investor confidence and sweeping economic and investment reforms, the Federal Government has said. The Federal Ministry of Industry, Trade and Investment disclosed on Tuesday that the inflows exceeded the total foreign investment recorded […]

featured Investment

FG targets private investment for economic expansion

The Federal Government has announced a strategic shift from direct economic intervention to a capital de-risking and private sector-driven growth framework under its 2026 Growth Acceleration and Investment Mobilisation Strategy. The new policy direction was disclosed in a statement issued by the Minister of State for Finance, Dr Doris Uzoka-Anite, who explained that the strategy […]

Business

FG reaffirms commitment to reviving Nigeria’s steel industry

The Federal Government has reaffirmed its determination to unlock the enormous potential of Nigeria’s steel resources as a catalyst for inclusive and sustainable national development. The Minister of Steel Development, Prince Shuaibu Audu, restated the commitment in his New Year message to Nigerians on Thursday in Abuja. Audu said the ministry remains committed to working […]

Business

FG plans state-level export drive to deepen AfCFTA participation

The Federal Government has announced plans to strengthen its engagement in the African Continental Free Trade Area in 2026 by collaborating with state governors to pinpoint at least one exportable product from each of Nigeria’s 774 local government areas. The initiative aims to scale up production, increase non-oil exports, and enhance Nigeria’s competitiveness across Africa. […]

Business

FG plans tax exemption cards for SMEs under new reforms

The Federal Government has disclosed plans to introduce tax exemption cards for small businesses and informal operators under Nigeria’s ongoing tax reform This comes as part of efforts to shield low-income earners from multiple taxes and levies, according to Nairameteics. This was revealed by the Chairman of the Presidential Committee on Fiscal Policy and Tax […]

featured

New tax regime won’t cripple aviation, FG tells Air Peace, others

The Federal Government has dismissed claims by Air Peace Chairman and Chief Executive Officer, Allen Onyema, that Nigeria’s new tax regime would cripple the aviation industry and lead to a sharp increase in airfares. Reacting to Onyema’s remarks during a Sunday interview on Arise News, the Chairman of the Presidential Committee on Fiscal Policy and […]

News

FG insists new tax laws start January 2026

The Federal Government has reaffirmed that the implementation of Nigeria’s newly enacted tax reform laws will begin on January 1, 2026, despite growing controversy over alleged discrepancies in the versions of the Acts published in the Official Gazette. The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, made this known on […]

Nigeria to produce food worth €62bn by 2024 - Report
Agribusiness

North-west farmers seek FG action on rising input costs

The North-West Agricultural Commodities Association has urged the Federal Government to urgently implement realistic and effective measures to bring down the high cost of farming inputs across the country. The association said such steps were necessary to complement existing efforts aimed at achieving sustainable food security in Nigeria. These recommendations were part of resolutions reached […]

Customs resume electronic auction of vehicles, overtime goods
News

FG targets N150bn from vehicle recycling starting 2026

The Federal Government has announced plans to tap into Nigeria’s largely informal vehicle recycling market, projecting annual revenues of over N150bn from 2026 as part of wide-ranging reforms aimed at modernising the country’s automotive industry. The National Automotive Design and Development Council disclosed this in a statement issued on Sunday, with its Director-General, Joseph Osanipin, […]

Business

FG issues first bond to clear GENCO, gas arrears

The Federal Government has launched the first bond under the Presidential Power Sector Debt Reduction Programme, a key move aimed at tackling longstanding payment arrears in Nigeria’s electricity sector. The Presidency announced the development on Friday in a statement signed by Senan Murray, Team Lead of Communications at the Office of the Special Adviser to […]

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