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Business

FG divides OPL 245 into four assets for Eni, Shell

The Federal Government has divided the controversial OPL 245 oil block into four separate assets to be operated by Eni and Shell, a move that could clear the path for development of the long-disputed field. A source familiar with the development said the restructuring may finally determine the future of the asset, which has been […]

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News

FG, AFC sign $1.3bn deal for alumina refinery

The Federal Government and the African Finance Corporation have signed a landmark Memorandum of Understanding to jointly fund three strategic projects in Nigeria’s mining sector. These projects include a $1.3 billion alumina refinery, a nationwide geoscience mapping initiative, and a special investment vehicle designed to unlock the country’s mineral potential. The agreement was signed in […]

Business

FG, AFC sign deal to fund $1.3bn mining projects

The African Finance Corporation and the Federal Government, acting through the Solid Minerals Development Fund, have signed an investment agreement to co-finance three key projects: a $1.3 billion alumina refinery, a nationwide geoscience mapping programme, and a dedicated investment vehicle aimed at unlocking Nigeria’s mineral resources. The agreement, signed in Abuja, concludes months of negotiations […]

Business

FG issues travel advisory to Nigerians in Iran, gulf states

The Federal Government of Nigeria has issued a travel advisory to Nigerians residing in or travelling to Iran and other Gulf countries amid the ongoing conflict involving the United States, Israel, and the Iranian government. The advisory was announced in a statement by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, titled: […]

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Labour gives FG Friday ultimatum over unpaid wage awards

Organised labour in the federal public service has issued a Friday ultimatum to the Federal Government, demanding the immediate release of funds to settle three months’ outstanding wage awards and other pending allowances owed to workers across Ministries, Departments and Agencies. The Joint National Public Service Negotiating Council, representing the trade union side, issued the […]

Medical tourism: Nigerians spend $1m in foreign hospitals
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FG criticised as medical tourism outflow rises 18%

The Federal Government has come under criticism as foreign exchange outflow for health-related travel by Nigerians surged to $549.29 million in the first nine months of 2025. This represents a 17.96 per cent increase from $465.67 million recorded in the same period of 2024, according to The PUNCH. Analysts and health experts have slammed the […]

Energy

FG launches oxytane to slash generator emissions by 70%

The Federal Government has launched a new Greenhouse Gas Emission Reduction Initiative featuring an oxygen-based fuel additive technology that can reduce carbon emissions from generators by up to 70 per cent. Speaking at the official launch in Abuja on Tuesday, the Registrar/Chief Executive Officer of the Environmental Health Council of Nigeria, Dr Yakubu Baba, described […]

Business

FG seeks Chinese funding for power, mining projects

The Federal Government is seeking to attract up to $5.7 billion in potential Chinese investments to strengthen key sectors of Nigeria’s economy, such as power generation, mining, and industrial manufacturing. This initiative comes after a meeting in Abuja between the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation […]

Agribusiness

FG partners NAICOM to reform agricultural insurance framework

The Federal Government is preparing to overhaul the agricultural insurance framework through a strategic partnership between the National Insurance Commission and the Federal Ministry of Agriculture and Food Security. The collaboration seeks to strengthen protection for farmers and support national food security goals. A statement issued by NAICOM on Saturday detailed the initiative. It followed […]

Finance

FG pledges 5% of GDP for industrial financing push

The Federal Government has announced plans to allocate up to five per cent of Nigeria’s Gross Domestic Product annually for industrial development financing. This move aims to significantly increase the manufacturing sector’s contribution to the economy. The initiative forms part of the newly launched Nigeria Industrial Plan, which was unveiled in Abuja by the Federal […]

Aviation

FG launches major investment drive in aviation sector

Nigeria’s aviation sector is poised for a significant investment push as the Federal Government plans to develop aerotropolises in major cities and host global aircraft lessors, financiers, and airline operators for strategic business discussions. The initiative, themed Aircraft Acquisition and Investment Summit, comes as the Director of Public Affairs and Consumer Protection at the Nigeria […]

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FG eyes manufacturing growth with major GDP allocation

The Federal Government has announced that it will allocate up to five per cent of Nigeria’s Gross Domestic Product each year to industrial development financing, aiming to significantly boost the manufacturing sector’s share of the economy. This initiative is outlined in the newly launched Nigeria Industrial Plan, unveiled in Abuja by the Federal Ministry of […]

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