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Nigerian stock market gains ₦1.1trn as investors return

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Tag: FG

Policy and Regulations

FG unveils new curriculum for primary, secondary, technical schools

The federal government has unveiled a new curriculum framework for basic, senior secondary, and technical education, to reduce overload and improve the quality of learning in schools. A statement by the Director of Press and Public Relations, Federal Ministry of Education, yesterday, said the Minister of State for Education, Prof. Suwaiba Sai’d Ahmad, announced the […]

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Nigeria, Brazil open talks on fintech, mobile money ties

Nigeria and Brazil have begun talks to deepen economic and financial cooperation, with emphasis on payment systems, fintech, and mobile money growth. The discussions took place in Brasília between the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Brazil’s Central Bank Governor, Gabriel Galípolo, during President Bola Tinubu’s state visit. In a statement […]

featured Finance

FG to release 2024 budget performance September ending

The Federal Government has said it will release the long-awaited Budget Performance Report for 2024 by the end of September 2025, alongside outstanding reports for the first and second quarters of 2025, in a move aimed at restoring compliance with fiscal reporting requirements. In a statement released on Friday, the Budget Office of the Federation […]

Opinion

Build economic growth on productivity not inflation, NESG tells FG

The Nigeria Economic Summit Group has called on the Federal Government to anchor its economic growth objectives on productivity and not inflation. Making this call in a report on the outcome of the Gross Domestic Product rebasing exercise recently concluded by the National Bureau of Statistics, NESG said: “The rebasing of Nigeria’s GDP is more […]

Aviation auditors begin security audits of Lagos, Abuja airports
Business

FG secures 200 hectares Lekki land for building materials hub

The Federal Government has secured 200 hectares of land in the Lekki Free Trade Zone, Lagos, to establish a building materials hub aimed at reducing housing construction costs nationwide. Housing and Urban Development Minister, Ahmed Dangiwa, revealed this during a tour of the Lekki and Lagos Free Zones, according to NAN. He said the hub […]

Economy featured

FG to boost GDP by 21% with digital e-governance bill

The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance Bill is passed into law. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, stated this […]

News

Excess Crude Account rises to $535,823 in August

Nigeria’s Excess Crude Account stood at $535,823.39 as of August. This was disclosed by the Accountant-General of the Federation, Shamsedeen Ogunjimi on Thursday, during the National Economic Council meeting on Thursday, chaired by Vice-President Kashim Shettima. The balance reflects an increase from the $473,754.57 recorded in April. The ECA, established in 2004 under former President […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG denies signing MoU with ASUU, calls documents proposals

The Federal Government has denied claims that it signed agreements with the Academic Staff Union of Universities, insisting that the documents being referenced were merely proposals. Minister of Education, Dr. Tunji Alausa, made this clarification on Thursday while addressing journalists in Abuja. According to him, both the 2009 and 2011 documents often cited by ASUU […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

ASUU rejects FG loan scheme, demands payment of entitlements

The Academic Staff Union of Universities, Federal University Wukari branch, has demanded the immediate payment of their accumulated entitlements, rejecting the Federal Government’s proposed loan scheme. The demand came during a protest staged by the union to express displeasure over the government’s failure to implement long-standing agreements. Leading the demonstration, ASUU FUW Chairperson, Professor Asabe […]

Business

FG makes N392.7bn from Dangote, nine others in H1 2025

Ten companies listed on the Nigerian Exchange remitted a total of N392.7bn in income taxes to the Federal Government in the first half of 2025, up from N338.3bn in the corresponding period of 2024, marking a year-on-year increase of 16.1 per cent, according to an analysis by The PUNCH. The companies, based on their Condensed […]

Business

FG unveils YouthCred loan scheme for NYSC members

The Federal Government has unveiled YouthCred, a credit initiative aimed at providing National Youth Service Corps members with single-digit interest loans to finance entrepreneurial projects. Announcing the scheme at the Lagos NYSC camp on Thursday, Minister of Youth Development Ayodele Olawande said the programme will give corps members access to loans of up to ₦200,000. […]

Business

FG moves to grow manpower for made-in-Nigeria vehicles

The Federal Government has announced renewed efforts to boost the pool of skilled automotive workers as part of its drive to promote the adoption of made-in-Nigeria vehicles. Speaking on Monday at the commissioning of the National Automotive Design and Development Council Training Centre at Lagos State University of Science and Technology, Ikorodu, the Minister of […]

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