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FG deducts N256.5bn for gas projects in six months
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FG disburses ₦1.6tn to states for FCT for infrastructure, security projects

The federal government has disbursed a total of ₦1.6 trillion to the 36 states and the Federal Capital Territory between March 2024 and May 2025 to support infrastructure development and security projects, documents from the Office of the Accountant-General of the Federation have revealed. The funds, released under a special intervention programme, were drawn from […]

Business

14m tonnes of platic waste choke oceans yearly – FG

The Federal Government has raised alarm over the global plastic pollution crisis, revealing that approximately 14 million tonnes of plastic waste clog the world’s oceans each year, posing a severe threat to Nigeria’s marine ecosystems and biodiversity. Speaking at a stakeholder training workshop on the Extended Producer Responsibility programme in Abuja, Minister of Environment Balarabe […]

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Nigeria to adopt international actuarial standards

The Executive Secretary of the Financial Reporting Council of Nigeria, Dr. Rabiu Olowo, has announced plans to integrate international standards on actuarial practice into Nigeria’s regulatory framework. Olowo made this disclosure on Wednesday at the 2025 Annual Industry Conference of the Nigerian Actuarial Society, themed “Creating Value and Building Resilience in an Evolving Industry.” He […]

Business

FG targets tariff reforms to boost gas supply for thermal plants

The federal government is exploring solutions to tariff-related issues affecting gas supply and payment systems for major thermal power plants operated under the Nigerian National Petroleum Company Limited. This was revealed in a statement on Wednesday by Louis Mbah, spokesperson for the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, following a high-level meeting […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business

MTN commits N3b to support FG’s 3MTT digital skills initiative

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, on Tuesday announced that MTN Nigeria is providing N3 billion in support for the federal government’s 3 Million Technical Talent initiative. He underscored the importance of public-private partnerships in driving Nigeria’s digital transformation agenda. “I acknowledge MTN Nigeria’s long-term support for the 3MTT Nigeria […]

News

FG, Brazil to sign over 30 MoUs as strategic dialogue begins

Nigeria is expected to sign over 30 Memoranda of Understanding with Brazil as the Second Session of the Nigeria-Brazil Strategic Dialogue Mechanism begins in Abuja. This was disclosed on Tuesday by the Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Stanley Nkwocha, who announced the arrival of Brazil’s […]

Business

FG to establish Nigeria’s first national export trading company

The Federal Ministry of Industry, Trade and Investment, in collaboration with the Nigeria Commodity Exchange and the Africa Trade and Distribution Company is establishing the country’s first National Export Trading Company To enhance Nigeria’s trade infrastructure and unlock its export potential. Discussions are reportedly at an advanced stage for the proposed National Export Trading Company, […]

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FG commits ₦200bn to strengthen food production nationwide 

The Federal Government has invested over ₦200 billion in the agricultural sector to boost food production and strengthen national food security. This was disclosed in a statement on Sunday by the Minister of Agriculture and Food Security, Abubakar Kyari. Kyari said “The ministry has invested over N200bn in terms of intervention and has also given […]

News

FG launches REV-OP to reform public financial management

The Federal Government of Nigeria has introduced the Revenue Optimization and Assurance Project, a transformative initiative aimed at strengthening public financial management. Through a technology-driven approach, the project seeks to curb revenue leakages, enhance transparency, and promote sustainable economic development. The project was unveiled at a high-level session held at the Ministry of Finance headquarters […]

Business

FG delays sale of power plants over low investor bids

The Federal Government has delayed plans to sell five National Integrated Power Projects after receiving undervalued bids from interested investors. Meanwhile, the Transmission Company of Nigeria is contending with a growing debt of ₦457 billion. TCN’s Executive Director of Transmission Service Provider, Oluwagbenga Ajiboye, revealed this at a capacity-building workshop for journalists in Nasarawa State. […]

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FG to track unpaid loans with NIN, restrict passport renewal

The Federal Government has announced plans to use the National Identification Number to track all unpaid loans across the country. The move is aimed at strengthening Nigeria’s credit infrastructure and curbing corruption. Managing Director of the Nigerian Consumer Credit Corporation, Uzoma Nwagba, disclosed this during a “Meet the Press” briefing organized by the Presidential Media […]

FG secures $163m AfDB loan for wheat production
Business

ASIF: FG launches platform to boost investments across Africa

The Federal Government of Nigeria has introduced the ASIF Investment Platform, a flagship initiative aimed at catalyzing high-impact investments in infrastructure, renewable energy, manufacturing, and healthcare across Africa. Launched at the 4th Annual Meeting of the Africa Sovereign Investors Forum in Abuja, the platform is designed to mobilize local capital and attract global funding for […]

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