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6 Uncomplicated Ways to Get Studying Fun

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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: FG

Nigeria’s telecom records growth as mobile subscriptions rise to 169.3m
News

Reduce telcom taxes will boos investments, operators tell FG

The Global System for Mobile Communications Association has called on the Federal Government to lower telecom taxes to stimulate investment and enhance Nigeria’s digital economy. The Head of Sub-Saharan Africa at GSMA, Angela Wamola highlighted that Nigeria’s complex and burdensome tax regime is impeding the telecom sector’s capacity to invest in infrastructure, expand services, and […]

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Gas production to hit 12 billion cubic feet/day – FG

The Federal Government has announced a significant increase in Nigeria’s gas production, which is set to rise from 7.5 billion cubic feet (bcf) per day to nearly 12 bcf per day. This was disclosed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo during a recent event in Lagos, according to The Punch. […]

News

FG urged to back local auto assemblers on CNG

The Managing Director of Lanre Shittu Motors, Taiwo Shittu has called on President Bola Tinubu to provide support for indigenous auto assembling companies in a bid to advance the production of compressed natural gas powered vehicles. This appeal was made during a media briefing in Lagos, where Shittu outlined the company’s plans to introduce locally […]

News

FG concedes Tincan water system to Sandust for N11bn

The Federal Government, through the Nigerian Ports Authority has officially handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited under a 16-year concession agreement valued at N11 billion. The NPA announced that the concessionaire will spend the remainder of this year on rebuilding and rehabilitating the facility, with the agreement […]

News

EFCC disputes health claims of detained Binance executive

The Economic and Financial Crimes Commission has disputed health concerns raised by the family and legal team of Tigran Gambaryan, a detained Binance executive facing money laundering charges in Nigeria. On September 2, 2024, in the Federal High Court in Abuja, EFCC lead counsel Ekene Iheanacho informed Justice Emeka Nwite that Gambaryan’s reported health issues […]

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FG to engage external auditors for NNPC subsidy claim verification 

The Federal Government has initiated the process of hiring an external auditor to verify the N2.7 trillion fuel subsidy claim made by the Nigerian National Petroleum Company Limited. This move, aimed at determining the actual amount owed by the government, follows a proposal made five months ago during the April 2024 Federation Allocation Accounts Committee […]

News

FG, states secure N100bn for electricity meter procurement 

The Federal Government, in collaboration with state governments, has raised N100 billion to procure prepaid electricity meters under the Presidential Meter Initiative. This was disclosed by the Minister of Power, Adebayo Adelabu while addressing broadcasters in Ibadan, the Oyo State, according to The Punch. Adelabu emphasized that the initiative is part of the broader efforts […]

150,000 Nigerians got FG's N50k grant - Minister
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FG appoints 23 managers for $10bn Nigeria Global Investment Fund 

The Federal Government of Nigeria has appointed 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund, a key initiative designed to channel both international and local capital into critical sectors of the economy. In the presentation documents, the NGIF will target investments in agriculture, manufacturing, energy, infrastructure, and fintech, according to Nairametrics. […]

Average price of 12.5kg cooking gas hits N16,500 in south south states
News Oil and Gas

FG vows to tackle rising cost of cooking gas

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will take all necessary measures to address the escalating cost of Liquefied Petroleum Gas, commonly known as cooking gas. This was disclosed by the Minister during the Decade of Gas Initiative’s event, which marked the distribution of gas cylinders […]

News

FG to support flood victims with N3bn nationwide

The Federal Government has unveiled plans to allocate N3 billion to all states to help mitigate the effects of the recent flood disaster. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a press briefing at the Government House in Birnin Kebbi on Sunday, following his […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
News

FG plans maternal mortality action fund with $500m W’Bank loan

Nigeria is preparing to launch the Maternal Mortality Action Fund as part of ongoing negotiations for a $500 million loan from the World Bank. The initiative is part of the broader Nigeria: Primary Healthcare Provision Strengthening Program. In the Stakeholder Engagement Plan, the country anticipates World Bank approval for the loan next month. The $65 […]

NCC directs telecoms to audit billing systems
News

Tinubu approves N10bn grant to enhance digital broadcasting

President Bola Tinubu has approved a N10 billion grant for the National Broadcasting Commission to advance Nigeria’s transition from analogue to digital broadcasting. This significant funding aims to expedite the Digital Switch-Over project, which will enhance television programming, broaden nationwide access to TV services, and allocate valuable spectrum for other technological uses. This was disclosed […]