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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

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Finance

Ekiti approves ₦3bn for new high court office complex

Business

Tag: FG

featured Finance

FG borrows N4.72tr via treasury bills Q4 2025

The Central Bank of Nigeria has issued Treasury Bills to raise N4.72 trillion in the fourth quarter of 2025. According to BusinessDay, this action is part of the Federal Government’s borrowing plan for the 2025 budget. This figure represents a 168 percent quarter-on-quarter increase when compared to N1.76 trillion sold in Q3’25. The CBN disclosed […]

Policy and Regulations

FG updates biotechnology policy to compete in global bioeconomy

The National Biotechnology Research and Development Agency has convened a multi-stakeholder review and validation workshop focused on updating and strengthening the National Biotechnology Policy to reposition Nigeria for participation in the global bioeconomy. The two-day workshop is scheduled for Dec. 8 to 9, 2025, in Abuja, and has gathered government officials, researchers, and experts to […]

Business

FG bans cash payments to MDAs, orders digitalisation

The Federal Government has unveiled a new digitisation initiative that will overhaul treasury operations, eliminate paper-based workflows, and enforce full transparency across all Ministries, Departments and Agencies starting January 2026. The update was announced on Monday by the Office of the Accountant General of the Federation. The OAGF said the circulars are part of a […]

Seven banks paid N392.53bn in taxes in first half of 2024
Finance

FG unveils committee for fair capital gains tax rollout

The Federal Government has inaugurated the National Tax Policy Implementation Committee, signifying a deliberate shift towards a more predictable and market-aligned rollout of the newly enacted capital-gains-tax provisions. This initiative follows extensive technical engagements with key capital-market institutions, including the Securities and Exchange Commission and Nigerian Exchange Group. The action reflects policymakers’ recognition of the […]

Finance

New tax laws will be fair, respect personal accounts – FG

The Federal Government has reassured Nigerians and investors that the implementation of the newly enacted tax laws will be fair, transparent, and carried out with a strong sense of responsibility. This assurance was given by Mr. Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee, after the committee was inaugurated in Abuja by the […]

Stakeholders advocate tax holidays in housing sector
Business

FG defends new tax reforms, says not additional burden

The federal government has defended the recently enacted tax laws, describing them not as additional burdens but as reforms designed to simplify Nigeria’s tax system, remove overlapping levies, and strengthen investor confidence. The Nigeria Tax Act and Nigeria Tax Administration Act have sparked nationwide debate, with some citizens expressing concerns over their potential impact on […]

featured

FG to pay N185bn gas debts, boost power supply – Minister

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Thursday revealed that the Federal Government has taken a major step to boost the gas sector and ensure stable power supply, following President Bola Tinubu’s approval to clear N185 billion in longstanding debts owed to natural gas producers. In a statement from his spokesman, […]

Boeing probes cyber attack
Aviation

FG partners Boeing, Cranfield University for aviation upgrade

President Bola Tinubu has unveiled a historic collaboration between the Federal Government, Boeing, and UK-based Cranfield University to set up a state-of-the-art Maintenance, Repair, and Overhaul facility in Nigeria. The initiative is projected to save airlines more than $200 million annually, currently spent on overseas maintenance. Tinubu, represented by Secretary to the Government of the […]

Business

FG, BoI sign MoU to manage $100m equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, on Tuesday signed an MoU with the Bank of Industry to manage the $100 million allocated to the newly created equity investment scheme. At the ongoing Practical Nigerian Content Forum themed “Securing Investments, Strengthening Local Content and Scaling Energy Production,” the Executive Secretary of […]

Oil and Gas

FG orders oil firms to fast-track projects, increase production

The Federal Government has called on oil companies operating in Nigeria to fast-track project sanctions and ramp up field development, insisting that the country must significantly increase crude oil production to boost the economy and remain competitive in the global energy market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal […]

Meristem projects oil, banking sector gains amid rising crude prices
Oil and Gas

FG launches $100m equity fund for oil and gas firms

The Federal Government has launched a $100 million equity investment scheme aimed at boosting the capacity of Nigerian companies operating in the oil and gas sector. The initiative was unveiled on Tuesday at the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State, by the Executive Secretary of the Nigerian Content Development and Monitoring Board, […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

FG unveils 50 oil blocks, targets $10bn investment

The Federal Government has announced the immediate opening of bids for 50 oil and gas blocks, a move projected to attract $10 billion in new investments and increase national oil production by an estimated 400,000 barrels per day. Over the next ten years, the government also aims to secure 10 billion barrels of oil in […]

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