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Uber fined €10m for invading drivers' privacy

US sues Uber over alleged deceptive subscription practices

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Private sector credit hits N76.27tn in March – CBN

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IMTO inflows surge 63.7% in 2024 amid CBN reforms

Nigeria’s money supply hits ₦114.22tn in March

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Tag: FG

Minister threatens to revoke Kogi-Benin Road contracts
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FG terminates Julius Berger’s N740bn road contract

The Federal Government of Nigeria has terminated the contract for Section 1 of the Abuja-Kaduna-Zaria-Kano dual carriageway project valued at approximately N740 billion being handled by Julius Berger Nigeria Plc. The Ministry of Works and Housing cited the company’s failure to comply with revised project costs, scope, and terms, along with a halt in work […]

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Trade minister vows to harness AfCFTA for economic growth

The newly appointed Minister of Industry, Trade, and Investment, Jumoke Oduwole, has pledged to leverage the African Continental Free Trade Agreement to maximize benefits for the country. This was disclosed by the Minister after assuming duties on Monday, following her swearing-in by President Bola Tinubu at the Presidential Villa in Abuja, according to The Punch. […]

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FG, Moroccan firm partner to explore electric vehicle production

The Federal Government, via the National Automotive Design and Development Council, is set to initiate local manufacturing and assembly of electric vehicles. This initiative includes a planned partnership with a Moroccan firm to boost EV production in Nigeria. The NADDC Director-General/CEO, Joseph Osanipin, shared these details in an interview after attending the Nigeria-Morocco business forum, […]

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EU, FG ink €17.9m power deal

The Federal Government in a significant move to enhance energy access in Nigeria, has formalized an agreement with the European Union and the German Government, securing £17.9 million in funding for the country’s off-grid electricity project. This initiative, part of the third phase of the Nigerian Energy Support Programme, aims to stimulate investments in renewable […]

The European Commission has charged Google with two violations of landmark EU regulations while ordering Apple to open its ecosystem to competitors
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FG, Google partner to unlock Nigeria’s AI potential

The Federal Ministry of Communications, Innovation, and Digital Economy, in partnership with Google, has announced the 10 startups selected for the N100 million AI Fund. The AI Fund, established by the National Centre for Artificial Intelligence and Robotics in collaboration with Google, will provide each selected startup with N10 million in funding and up to […]

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FG warns business owners against manipulating prices

The Federal Competition and Consumer Protection Commission has raised concerns about a ‘cartel’ manipulating market prices across the country, leading to inflated costs for goods and services despite government stabilization efforts. This was disclosed by the Akwa Ibom State, FCCPC Chief Executive Officer, Mr. Tunji Bello, during a one-day engagement on exploitative pricing in Uyo, […]

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FG woos investors to boost sugar production

The Federal Government of Nigeria, via the National Sugar Development Council, is actively encouraging both local and foreign investors to capitalize on the country’s sugar sector. With a robust local demand of around two million metric tonnes annually, valued at about $2 billion, the sector presents significant opportunities. The Executive Secretary of NSDC, Kamar Bakrin, […]

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Building collapse: FG unveils tribunal to check unprofessionalism

The Federal Government has officially inaugurated the Builder’s Disciplinary Tribunal, a strategic initiative designed to enhance accountability within the building profession. The event took place on Tuesday in Abuja, led by Minister of Housing and Urban Development, Ahmed Dangiwa, according to The Punch. During the event, Dangiwa stated the critical role of professional ethics in […]

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Food security: FG unveils initiative to cultivate 750,000 hectares

The Federal Government has unveiled an initiative to cultivate 750,000 hectares of land for maize, wheat, rice, and cassava farming, aiming to address the rising food inflation in the country. This effort is part of the National Agricultural Growth Scheme Agro-pocket project. This was disclosed by the Minister of State for Agriculture, Senator Aliyu, during […]

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600,000 small-scale farmers to benefit from FG’s support

The Federal Government has unveiled plans to support 600,000 small-scale farmers nationwide as part of its strategy to enhance food production and combat rising inflation. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this disclosure during a press briefing for the Nigerian delegation at the 2024 IMF/World Bank Annual […]

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FG okays licenses for nine modular refineries

The Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority has granted licenses for nine modular refineries. This was disclosed by the Chief Executive of NMDPRA, Farouk Ahmed, during the 2024 Oil Trading & Logistics Africa Downstream Energy Week held in Lagos on Monday, according to The Punch. He said that the licenses […]

FG launches freight services on Apapa-Ibadan cargo rail
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FG to fund Kano-Maradi rail project with AfDB’s $350m

The Federal Government has secured $350 million from the African Development Bank to fund the Kano-Maradi rail project, connecting Kano to Maradi in Niger Republic. This was disclosed by the Chairman of the Senate Committee on Land Transport, Senator Adamu Aliero during an oversight visit to the Nigeria Railway Corporation in Lagos, according to NAN. […]