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Cash outside banks drop to ₦4.92trn, lowest in months

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United Capital posts ₦24.8bn pre-tax profit in H1 2026

Business

Tag: FG

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

FG scraps revenue collection costs to agencies

The Federal Government has unveiled plans to permanently end the practice of deducting revenue collection costs paid to agencies such as the Federal Inland Revenue Service, the Nigeria Customs Service, and the Nigerian Upstream Petroleum Regulatory Commission, among others. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Wednesday in […]

Nigerian Investors to raise $94bn climate capital – Report
News

FG trains 19 MDAs on monitoring short-lived climate pollutants

The National Council on Climate Change and the Stakeholder Democracy Network have built the capacity of 19 Ministries, Departments and Agencies on Monitoring, Reporting, and Verification of Short-Lived Climate Pollutants. Director-General of the NCCC, Mrs. Omotenioye Majekodunmi, said the Capacity-Building Workshop on MRV for SLCPs in Key Sectors aimed at enhancing the technical know-how of […]

Business

FG seeks $2b Chinese loan for new super power grid

Nigeria is negotiating a $2 billion loan with China’s Export-Import Bank to fund a new “super grid” designed to ease chronic power shortages and drive industrial growth. Minister of Power Adebayo Adelabu revealed this at an economic summit in Abuja on Monday, explaining that the proposed transmission network will connect the country’s eastern and western […]

FG signs €995m deal to boost Nigerian agriculture sector
Agribusiness

FG commits $538m to special agro-industrial projects

The Federal Government has announced a commitment of $538.05 million towards the establishment of Special Agro-Industrial Processing Zones across the country, as part of efforts to transform Nigeria’s food systems and strengthen agricultural productivity. The Minister of Agriculture and Food Security, Abubakar Kyari, made this known on Monday in Abuja at the Community of Practice […]

Agribusiness

New fertilizer initiative will trigger high cost, farmers warn

Farmers operating under the umbrellas of the Coalition of Farmers Association of Nigeria and the Himma Youth Farmers Association of Nigeria asserted on Thursday that the new Presidential Fertilizer Initiative will likely trigger a high cost of fertilizers. The National President of COFAN, Dr. Abubakar Bamai, voiced concern that this government move, coming amid rising […]

Business

Tinubu to unveil $400m Otakikpo oil export terminal

President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, marking Nigeria’s first new crude export facility in more than five decades. Developed by Green Energy International Limited (GEIL), operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area, the terminal […]

Electricity

Nigeria@65: Experts urge FG to resolve electricity liquidity crisis

As Nigeria marks 65 years of independence, stakeholders in the power sector have voiced concerns over ongoing financial challenges affecting the country’s electricity value chain, urging the government to intervene. In an interview in Lagos on Tuesday, they highlighted liquidity constraints as the main barrier to delivering stable and reliable power to millions of Nigerians, […]

featured News

Court adjourns Sowore’s cybercrime case to October 27

The Federal High Court in Abuja has adjourned the arraignment of Omoyele Sowore, publisher of Sahara Reporters, to October 27. Justice Mohammed Umar granted the adjournment to allow Sowore time to prepare his defense. Sowore is facing a five-count charge filed by the Department of State Services on behalf of the Federal Government, alongside X […]

News

FG arraigns Sowore over alleged false X, Meta posts against Tinubu

The Federal Government has arraigned human rights activist and publisher, Omoleye Sowore, on a five count for allegedly making false posts against President Bola Tinubu on social media. The suit, filed before the Federal High Court in Abuja, also lists X (formerly Twitter) and Meta (owners of Facebook and Instagram) as co-defendants. According to the […]

Business

Nigeria, US explore stronger collaboration on consumer protection

The Federal Competition and Consumer Protection Commission has engaged the United States Embassy in Abuja in discussions aimed at strengthening consumer protection ties between both countries. In a statement on X on Monday, the commission said the talks focused on enhancing Nigeria–US collaboration to advance consumer protection. “Federal Competition and Consumer Protection Commission (FCCPC), led […]

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

FGN targets N200bn from September bond auction

The Debt Management Office has announced the Federal Government’s N200bn bond issuance for subscription at its September 2025 auction. The offer, which opened on September 29, includes a N100bn 17.945% FGN August 2030 bond (five-year reopening) and a N100bn 17.95% FGN June 2032 bond (seven-year reopening). Settlement is scheduled for October 2, 2025, with a […]

Oil and Gas

FG reassures stable petrol supply amid Dangote-PENGASSAN dispute

The Federal Government has reassured Nigerians that there will be no disruption in the supply of refined petroleum products across the country, despite recent concerns in the downstream oil sector. This assurance followed a meeting of the Steering Committee on the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative, chaired by Minister […]

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