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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

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US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

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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

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 […]

Business

FEC okays N58.47tn 2026 budget

The Federal Executive Council, chaired by President Bola Tinubu, has approved the 2026 appropriation budget, projecting total expenditure at N58.47 trillion, a six per cent rise from the 2025 estimate. The Director-General of the budget office, Tanimu Yakubu, made this disclosure while briefing pressmen on Friday. He said the proposal allocates N4.98 trillion to government-owned […]

Technology

Akume reaffirms FG’s commitment to modern citizen-centred service

The Secretary to the Government of the Federation, George Akume, has reaffirmed the Federal Government’s commitment to building a modern, responsive, and citizen-centred public service in the country, stressing that the future of governance lies in systems, not shortcuts. He commended the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, for her […]

Finance

Customs penalise banks over delayed remittance of FG revenue

The Nigeria Customs Service has started enforcing penalties against specific banks that fail to remit Customs revenue on time. This initiative is designed to increase transparency and protect the financial earnings of the government. The Service noted that after reconciling collections made through its B’odogwu electronic platform, it identified several cases where banks held onto […]

Business

Federal, states, LGAs governments shared N1.928tn in November

The Federal, state, and local governments received a total of N1.928 trillion from the Federation Account in November 2025, marking a significant drop from the N2.094 trillion disbursed in October. The Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, stated in a Monday press release that […]

Business

Nigeria’s federation account hits N23.06tn in 10 months

The Revenue Mobilisation Allocation and Fiscal Commission reported that Nigeria’s Federation Account accrued a total of N23.06 trillion between January and October 2025, signaling a notable boost in the nation’s revenue performance. This figure exceeded the N21.43 trillion recorded for the entire year of 2024. The commission’s Chairman, Dr. Mohammed Shehu, revealed this on Monday […]

featured

FG shifts fiscal strategy, prioritises savings over borrowing

The federal government on Monday signalled a major shift in its fiscal approach, announcing plans to reduce reliance on borrowing and instead harness nationwide savings as a sustainable solution to Nigeria’s growing debt burden. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, unveiled the new strategy during an interactive session on […]

Seven banks paid N392.53bn in taxes in first half of 2024
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No tax ID, no bank account from January 2026 — FG

The Federal Government has announced a directive stating that, effective January 1, 2026, all taxable Nigerians will be required to obtain a Tax Identification Number or Taxpayer Identification Number in order to operate a bank account within the country. This information was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax […]

Transportation

FEC okays ₦58bn for electric buses, adopts industrial policy

The Federal Executive Council on Wednesday approved five major memoranda from the Ministry of Industry, Trade and Investment. These included Nigeria’s Industrial Policy 2025, the procurement of electric buses, and key infrastructure projects in Lagos. Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, disclosed this while briefing State House correspondents at […]

Business

FG unveils new incentives to attract global mining investors

The Minister of Solid Minerals Development, Dele Alake, has unveiled a set of incentives aimed at attracting international mining investors, including duty exemptions on imported equipment and streamlined profit repatriation. He announced the package while leading the Nigerian delegation at the ‘Resourcing Tomorrow’ annual exhibition and conference in London. The minister stated that Nigeria has […]

Business

FG begins repayment of N4tn GenCos debt with N590bn bond

The Federal Government has commenced repayment of the N4tn owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. This initial tranche forms part of the broader N4tn NBET Finance Company Plc Bond Programme and is backed by a Federal Government guarantee. It includes N300bn in cash bonds to be floated […]

Finance

FG rolls over 70% of 2025 capital budget to 2026

The Federal Government has directed ministries, departments and agencies to carry over 70 per cent of their 2025 capital allocations into the 2026 fiscal year, as the administration prioritises completing ongoing projects amid weak revenues and rising fiscal pressures. The directive is contained in the 2026 Abridged Budget Call Circular issued by the Ministry of […]

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