Business
Airtel Africa begins $100m share buy-back

Airtel Africa names Gopal Vittal new chairman

  • 25th March 2026

SEC DG secures second term as IOSCO regional

  • 24th March 2026

FG launches national single window to cut port

  • 24th March 2026

Unilever Nigeria’s profit surges 128% to ₦51.7bn

  • 24th March 2026

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Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking
Fraud losses decline in Nigerian banks in Q1 2024 - Report

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Banking

Tag: FG

Aviation

FG approves N712bn to rebuild Lagos airport terminal

The Federal Executive Council on Thursday approved N712 billion for the complete rehabilitation, upgrade, and modernisation of International Terminal One at Murtala Muhammed International Airport in Lagos. This forms the largest component of a broader N900 billion aviation infrastructure plan for the country. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the decision while […]

Business

FG targets additional 810,000bpd crude from deepwater fields

The Federal Government has announced a new cluster and nodal development initiative aimed at unlocking an additional 810,000 barrels of crude oil per day from Nigeria’s deepwater fields. Spearheaded by the Nigerian Upstream Petroleum Regulatory Commission, the move is part of a broader strategy to revive offshore oil production, which has seen significant decline in […]

Uncategorized

FG lays 5,000km fibre cable across 28 states – Galaxy Blackbone

The Managing Director of Galaxy Backbone, Professor Ibrahim Adeyanju, has announced that the federal government has deployed over 5,000 kilometers of fibre optic cable across 28 states as part of the National Information Communication Technology Infrastructure Backbone project. He made this disclosure on Tuesday while delivering the keynote address at the 15th ICTEL Expo 2025 […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
Business

FG launches $538m agro-industrial scheme to boost agriculture

Nigeria has committed $538.05 million to the first phase of its Special Agro-Industrial Processing Zones programme and launched a youth-focused 10-year Strategic Action Plan (2026–2035) to drive agricultural transformation, Vice President Kashim Shettima has announced. In a statement released Tuesday by his spokesperson, Stanley Nkwocha, Shettima made the announcement during a high-level dialogue with African […]

featured

FG tightens rules as imprest, cash advances triple

The Federal Government has moved to curb the rising use of imprest and cash advances following revelations that over N2.27 billion was disbursed under these categories in 2024—a staggering 308% increase from the N556.3 million recorded in 2023. Imprest refers to a fixed sum allocated to public officers for routine expenses, typically retired quarterly, while […]

Nigeria borrowed money to fight Boko Haram - Oyedele
featured

FG retains 30% CIT under new Nigerian tax act

The federal government has announced that the corporate income tax rate will remain at 30 per cent for all large companies, under the revised Nigerian Tax Act set to take effect from January 2026. According to the provisions of the updated law, small businesses with an annual turnover of less than N25 million will continue […]

FG to track projects of over ₦150m with GPS coordinates
News

FG to track projects of over ₦150m with GPS coordinates

The Federal Government has directed all Ministries, Departments, and Agencies to include Global Positioning System coordinates for all capital projects valued at ₦150 million and above in their 2025 expenditure submissions. The directive, outlined in the official implementation guidelines for the 2025 Appropriation Act, aims to enhance transparency, traceability, and accountability in the execution of […]

News

FG scales up affordable housing plan with new cities

The Federal Government has announced plans to establish Renewed Hope Cities in four additional geopolitical zones and expand its Renewed Hope Estates initiative to 24 more states, as part of ongoing efforts to boost access to affordable housing across Nigeria. Minister of Housing and Urban Development, Ahmed Dangiwa, revealed the expansion during an inspection of […]

FG reviews road concessions, repairs on Kaduna-Abuja expressway
News

FG reviews road concessions, repairs on Kaduna-Abuja expressway

The Federal Government has commenced a thorough review of road concession agreements signed in 2023 under the Highway Development and Management Initiative, with the aim of aligning them with the current administration’s infrastructure agenda. Speaking in Abuja at the close of a two-day stakeholders’ meeting on July 22, Minister of Works, Senator David Umahi, said […]

The Federal Government, through the Debt Management Office, has announced plans to reopen two tranches of its savings bonds worth a combined N350 billion for public subscription.
Business

FG to offer N80bn bonds in July 2025 auction

The Debt Management Office has announced that the Federal Government of Nigeria will offer N80 billion in bonds for subscription via auction on July 28, 2025, with settlement scheduled for July 30, 2025. According to a circular posted on the DMO’s website, the offer includes two re-openings of existing FGN bonds: N20 billion of the […]

Business

FG eyes 460,000 metric tonnes of soybeans production in two years

The Federal Government has announced plans to cultivate one million hectares of farmland and produce 460,000 metric tonnes of soybeans over the next two years, as part of efforts to strengthen food security, cut import dependence, and elevate Nigeria’s role in the global soybean market. Minister of Agriculture and Food Security, Abubakar Kyari, revealed this […]

FG considers removal of 7% import surcharge
News

FG considers removal of 7% import surcharge

The Federal Government is considering scrapping the 7 per cent import surcharge, a move aimed at reducing import costs and boosting trade activity across Nigeria. This proposal, currently undergoing legislative review, is expected to ease the financial burden on importers and enhance the competitiveness of Nigerian ports. The development was disclosed at a stakeholder town […]

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