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Lasaco Assurance raises ₦19.3bn in rights issue

  • 28th July 2026

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

  • 28th July 2026

Nigeria is facing shortage of investment-ready startups, not

  • 28th July 2026

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

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

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Lasaco Assurance raises ₦19.3bn in rights issue

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

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Tag: FG

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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Prioritise local firms in Lagos airport fencing, MAN tells FG

The Manufacturers Association of Nigeria has called on the Federal Government to prioritize indigenous producers in the supply of fencing materials for the Lagos airport perimeter fencing project, cautioning against the importation of Clear Vu fencing. In its statement, MAN praised the government’s infrastructure drive but emphasized that the procurement process for the Murtala Mohammed […]

News

Nigeria, Japan move to boost cooperation in mining sector

Nigeria and Japan are advancing plans to deepen cooperation in the mining sector, with the Minister of Solid Minerals Development, Dr. Dele Alake, and officials of the Japan Organisation for Metals and Energy Security pledging to facilitate Japanese investments in Nigeria’s vast mineral resources. The commitment followed discussions at the Ninth Tokyo International Conference on […]

Business

FG unveils new debt management plan to strengthen sustainability

The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy for 2024–2027, designed to safeguard debt sustainability, strengthen fiscal stability, and expand the domestic securities market. In a statement issued on Saturday, the Debt Management Office confirmed that the policy framework received the endorsement of the Federal Executive Council. The MTDS, formulated with technical assistance […]

Business

Lekki port to generate $200bn in 45 years – Oyetola

Minister of Blue and Marine Economy, Adegboyega Oyetola, says the Lekki Port is projected to generate $200 billion in government revenue over its 45-year concession period. Speaking at a breakfast meeting in Lagos on Wednesday, organised by the Nigerian Chamber of Shipping in partnership with Lekki Port, Oyetola noted that since operations began, the port […]

FG shuts 13.5m social media accounts, deletes 59m posts for violations
News

FG shuts 13.5m social media accounts, deletes 59m posts for violations

The Federal Government has announced the closure of more than 13.5 million social media accounts and the removal of nearly 59 million offensive posts across TikTok, Facebook, Instagram and X for breaching Nigeria’s Code of Practice for Online Platforms. The figure was disclosed in the 2024 Compliance Report submitted by major tech firms including Google, […]

FG deducts N256.5bn for gas projects in six months
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FG deducts N256.5bn for gas projects in six months

The Federal Government has deducted a total of N256.52bn from revenue allocations to finance gas infrastructure projects in the first half of 2025, according to official figures from the Federation Accounts Allocation Committee. The deductions were channelled into the Midstream and Downstream Gas Infrastructure Fund, set up to support projects that enhance natural gas transportation, […]

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Public interest lawyer sues FG, NCAA, Ibom Air ₦500bn

Public interest lawyer, Ayodele Ademiluyi, has sued the Federal Government, the Nigerian Civil Aviation Authority, and others for ₦500 billion over alleged breaches of the rule of law in handling two aviation infractions involving King Wasiu Ayinde and Ms. Comfort Emmanson. The case, Ayodele Ademiluyi v. President of the Federal Republic of Nigeria & Ors […]

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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
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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 […]

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