Business

MAN laments sharp decline of bank credit to

  • 23rd June 2026

SEC warns against unapproved Dangote refinery IPO promotions

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Allen Onyema urges boycott of S’Africa over xenophobic

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Lagos rejects claims of handing environmental enforcement to

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MAN laments sharp decline of bank credit to manufacturing

Business

SEC warns against unapproved Dangote refinery IPO promotions

Business

Iran, Oman to agree on Strait of Hormuz service

Transportation

Nigeria, UK renew security pact against cyber terrorism

News

Tag: FG

News

FG rolls over unspent 2024 capital funds into 2025 budget

The Federal Government has rolled over the unspent 2024 capital funds into the 2025 budget via the Government Integrated Financial Management Information System, enhancing disbursement efficiency and ensuring every naira is directed toward productive investments. Under the updated framework, the federal government emphasized that all Ministries, Departments, and Agencies must obtain warrants before entering into […]

Oil and Gas

FG, NNPCL eyes $4.5bn savings in oil, gas operations

The Federal Government, through the Nigerian National Petroleum Company Limited, is implementing aggressive measures to save the oil and gas sector between $3 billion and $4.5 billion in operational costs this year. This was disclosed by NNPCL Group Chief Executive Officer, Bayo Ojulari, during a keynote address at the Nigerian Association of Petroleum Explorationists’ 50th […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
News

FG to review funding models for Carter, Third Mainland bridge projects

The Federal Executive Council has approved the Ministry of Works’ plan to explore Public-Private Partnership and Engineering, Procurement, Construction plus Financing models for the proposed construction of a new Carter Bridge at an estimated cost of N359 billion and a new Third Mainland Bridge at N3.6 trillion. Minister of Works, David Umahi, announced the decision […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

FG to cancel over 1,000 dormant mining licences

The Minister of Solid Minerals Development, Dr. Dele Alake, has revealed plans to cancel over 1,000 dormant mining licences nationwide. This initiative is part of the Federal Government’s effort to streamline the licensing system and boost the mining and steel sector for industrial growth. In May 2024, the government had already revoked 924 inactive mining […]

Business

FG to revive all moribund steel companies nationwide

The Federal Government says it will revive all moribund steel companies nationwide, more than 20 years after a failed privatisation drive left once-thriving plants in decay. It noted that restoring both privatised and government-owned steel assets will enable them to contribute to national development as originally intended. President Bola Tinubu announced the initiative on Wednesday […]

Business

FG approves N13bn for Lagos transmission industrial project

The Federal Executive Council has approved N13 billion for compensation under the Lagos Transmission Industrial Project, as part of efforts to modernize Nigeria’s power infrastructure and boost electricity supply for industrial development. Minister of Power Adebayo Adelabu announced this on Wednesday following the FEC meeting chaired by President Bola Tinubu in Abuja. He noted that […]

NAICOM reveals over 1,500 complaints against Nigerian insurers
Insurance

FG raises insurance firms’ capital requirements by 500%

The Federal Government raised minimum capital requirements for insurance firms by 500 per cent, giving operators one year to meet the new thresholds or risk losing their licenses. The National Insurance Commission announced the directive as part of wide-ranging reforms in the newly enacted Insurance Industry Reform Act, signed by President Bola Ahmed Tinubu earlier […]

Transportation

$60bn Chinese-funded bullet train gets FG approval

The Infrastructure Concession Regulatory Commission has cleared the Outline Business Case for Nigeria’s first bullet train, a $60 billion high-speed rail project to be financed by China Liancai Petroleum Investment Holdings. The approval was announced after a meeting in Abuja on Tuesday, attended by top government officials including Secretary to the Government of the Federation […]

Aviation

FG names KWAM1 airport security ambassador after unruly behavior

The minister of aviation Festus Keyamo, says the Federal Airports Authority of Nigeria will appoint Fuji music star Wasiu Ayinde, popularly known as KWAM 1, as an ambassador for airport security protocols. In a statement on Wednesday, Keyamo said the initiative aims to enlist celebrities in promoting proper conduct at airports nationwide. “In the case […]

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FG, airlines drop charges, lift Ibom Air passenger, Kwam 1 ban

The Federal Government and airline operators have agreed to lift the lifetime flight ban on Ibom Air passenger Comfort Emmanson and reduce the suspension of Fuji star Wasiu Ayinde (KWAM 1) to one month. Aviation Minister Festus Keyamo announced the decision on Wednesday via X, saying it followed stakeholder consultations, public appeals, and expressions of […]

Business

FG earns N5.21tn from crude oil in H1

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, earned N5.21 trillion from crude oil, gas sales, and other related activities in the first half of 2025. This amount accounts for 42.7% of the record N12.2 trillion generated throughout the entire 2024 fiscal year. However, this figure represents only 34.7% of the N15 trillion […]

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