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NESG flags weak revenue, structural gaps as key threats

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FG gazettes 21 new regulations to boost oil, gas sector

The Federal Government has officially gazetted 21 new regulations for Nigeria’s upstream oil and gas sector, aiming to boost investment, enhance operational efficiency, and align industry standards with national and global goals. Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, announced this during his goodwill address at the 48th Society of […]

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FG won’t react hastily to US tariffs – Minister

Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has stated that the country will not adopt a reactionary stance in response to global trade challenges, including the newly introduced 15% tariffs by the United States. Oduwole said during an interview on Arise News on Monday. She emphasized that the Tinubu administration is committed […]

Aviation

FG blames lack of airport Wi-Fi on NAMA-FAAN rivalry

The Federal Government has blamed the lack of Wi-Fi at Nigeria’s international airports on inter-agency rivalry between the Nigerian Airspace Management Agency and the Federal Airports Authority of Nigeria. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this during an appearance on Channels Television’s Sunday Politics. According to him, the dispute stems from ongoing […]

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Nigeria, Benin begin implementation of economic ties agreement

Nigeria and the Republic of Benin have begun implementing a new economic cooperation agreement designed to boost bilateral trade and promote regional integration. This follows a two-day high-level meeting between officials from both countries to finalize the framework for execution. According to Dr. Magnus Eze, Special Assistant on Communication and New Media to Nigeria’s Minister […]

Business

No contract awarded for Baro Port under Oyetola, ministry clarifies

The Federal Ministry of Marine and Blue Economy has dismissed claims that Minister Adegboyega Oyetola awarded a multibillion-naira contract for the Baro Inland Port project, describing the reports as false and misleading. In a statement on Sunday, the Minister’s Special Adviser on Media and Communications, Dr Bolaji Akinola, clarified that no such contract has been […]

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FG attracts N70bn in private capital to tackle housing deficit

The Federal Government has secured over N70 billion in private investment through Public-Private Partnerships to support its Renewed Hope Housing Programme, a flagship initiative targeting Nigeria’s housing deficit. Minister of Housing and Urban Development, Ahmed Musa Dangiwa, announced the development while declaring open the 19th Africa International Housing Show. He also unveiled a new state-by-state […]

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 […]

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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
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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 […]

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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
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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 […]

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