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Petrol price rose 55% to ₦1596/litre in May —

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FG hands over rent-to-own houses to FCT beneficiaries

Housing

Naira slumps to four-week low at ₦1373/$

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Airtel, FUGAZ banks drive NGX recovery rally

Business

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Business

FG targets 2027 completion for ₦80bn Alau Dam upgrade

The Federal Government says the ongoing ₦80 billion upgrade of the Alau Dam in Borno State is expected to be completed by 2027, aimed at expanding irrigation and enabling future hydroelectric power generation. Minister of Water Resources and Sanitation, Prof. Joseph Utsev, announced this on Thursday during a working visit to the project site in […]

Business

FG to strengthen local energy supply chain amid global disruptions

The Federal Government says it is taking decisive action to strengthen Nigeria’s local energy supply chain as a safeguard against growing global disruptions that continue to threaten cross-border energy stability. Speaking at the 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, Minister of State for Petroleum Resources (Oil), […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
Business

FG’s N38.3tn assets under audit, reform — Finance ministry

The Ministry of Finance Incorporated has revealed that the Federal Government’s investment assets, valued at N38.3 trillion, are currently undergoing audit and reform aimed at enhancing transparency and improving corporate governance across public enterprises. MOFI Chief Executive Officer, Dr. Armstrong Takang, disclosed this on Wednesday in Lagos during the launch of the Nigerian Communications Commission’s […]

Business

FG expands housing development in North with over 6,000 units

The Federal Government is constructing 6,112 housing units across Northern Nigeria—including the Federal Capital Territory, Kano, Benue, and several other states—under the Renewed Hope Housing Programme. This was disclosed by the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, during a recent interactive session in Kaduna, according to a statement issued by the […]

Business

FG seeks return of foreign contractors to boost oil sector

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has appealed to Equipment, Procurement, and Construction companies that exited Nigeria’s oil and gas sector to return. Speaking on Monday at the 2025 Nigeria Annual International Conference and Exhibition hosted by the Society of Petroleum Engineers, Nigerian Council, Lokpobiri said the administration of President Bola Tinubu has […]

Business

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 […]

News

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 […]

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