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FG engages banks, investors for $23.2bn power access plan

The Federal Government of Nigeria is engaging with commercial banks and private investors to raise $23.2 billion needed for its universal electricity access plan. This ambitious initiative aims to end the country’s long-standing power supply challenges by expanding energy infrastructure and improving access to electricity across all regions. It was gathered that Nigeria will require […]

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CBN launches mystery shopping for BDC compliance with anti-laundry rules

The Central Bank of Nigeria has launched mystery shopping exercises at Bureau De Change outlets to reinforce compliance with anti-money laundering and counter-terrorism financing regulations. This initiative, announced in a circular dated Thursday, and signed by the Director of the Compliance Department, Amonia Opusunju, is part of the CBN’s broader strategy to combat illicit financial […]

Electricity featured

Nigeria slashes electricity export to Niger Republic

The Federal Government has cut electricity supply to the Junta-led Niger Republic by 42%, reducing it from 80MW to 46MW. This reduction has led to a 30 to 50% drop in the country’s power production, prompting Nigelec, the state-owned electricity company, to implement planned power outages, which could last for several days, particularly in Niamey. […]

Electricity

Minister blames past administrations for power sector woes

The Minister of Power, Adebayo Adelabu, has blamed past administrations for Nigeria’s ongoing power challenges. He stated that former Presidents and military rulers failed to adopt new approaches, yet expected different results. In a statement on Wednesday, the minister’s media aide, Bolaji Tunji, revealed that Adelabu made these comments while hosting a World Bank delegation […]

FG to intervene in building, manufacturing sector – Shettima
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FG launches labour empowerment program, eyes 2.5 million jobs

The Federal Government launched the Labour Employment and Empowerment Programme on Tuesday, with a goal of creating 2.5 million jobs within two years. The program was officially introduced by Vice President Kashim Shettima at the Presidential Villa in Abuja, where he provided further details on its objectives and impact. This was disclosed in a statement […]

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Federation account allocation drops for third consecutive month to N1.57tn

The Federation Account Allocation Committee has reported a continued decline in monthly disbursements, with ₦1.578 trillion shared among the Federal Government, states, and local governments for March 2025. This marks the third consecutive monthly drop in allocations this year, following N1.678tn shared in February and N1.703tn in January. The decline was disclosed in a press […]

Aviation

FG, Trinidad and Tobago sign bilateral air services agreement

The Minister of Aviation and Aerospace Development, Festus Keyamo, and Trinidad and Tobago’s Minister of Works and Transport, Rohan Sinanan, have signed a Bilateral Air Services Agreement In a significant step to boost air connectivity between West Africa and the Caribbean. The historic signing ceremony was held at the VIP Lounge of Piarco International Airport […]

[ICYMI] Lagos-Calabar highway: Telcos express concerns over threats to cables
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Tinubu flags off key section of Lagos-Calabar coastal highway project

President Bola Ahmed Tinubu On Monday launched Section 3A/3B of the 750km Lagos-Calabar Coastal Highway in Awi, Akamkpa Local Government Area, Cross River State. Represented by Governor Bassey Otu, the President highlighted the project’s role as an economic catalyst, a driver of job creation, and a key promoter of both intra- and inter-regional integration. “This […]

Energy

FG vows to end N200bn solar panel imports

The Nigerian Federal Government has reiterated its commitment to ending the importation of photovoltaic solar panels, citing the substantial financial burden this practice imposes on the nation. The Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, disclosed this on Monday during a roundtable discussion held in Victoria Island between the REA and […]

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FG races to address GenCos’ N4tn debt

The Minister of Power has pledged to tackle the N4 trillion electricity debt owed to Generation Companies, following threats of a shutdown by electricity Distribution Companies on Monday. In response, the Minister’s Special Adviser, Bolaji Tunji, confirmed that the government is fully aware of the issue and is taking concrete steps to address it. Tunji […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu meets Trump’s African advisor to strengthen US-Nigeria ties

President Bola Tinubu has met with the Senior Advisor for Africa from US President Donald J. Trump’s administration, Mr. Massad Boulos, in Paris, France, to discuss deepening strategic cooperation between Nigeria and the US. This was disclosed on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the […]

Electricity

FG to seal $2.3b deal to revamp power transmission

Nigeria is close to securing $2.3 billion in funding to upgrade its electricity transmission infrastructure under the Presidential Power Initiative also known as the Siemens deal. Over the weekend, Minister of Power, Chief Adebayo Adelabu, revealed that the financing arrangement is nearing completion.The federal government has urged European Union member states to continue offering technical […]

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