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Dangote Refinery loses N32.5bn after petrol price cut

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Tag: FG

Aviation

Court hands over aircraft to FG over unpaid Customs duties

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation and forfeiture of a Bombardier BD-700 Global 6000 aircraft with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal Government of Nigeria. The court delivered the judgement on January 22 in suit number FHC/ABJ/CS/1085/2025 […]

Business

FG allots ₦1.54tn in January 2026 bond auction

The Federal Government allocated a total of ₦1.54 trillion at its January 2026 bond auction, reflecting continued investor confidence in government securities despite a high-interest-rate environment. The Debt Management Office reported that the auction, held on January 26, involved the reopening of three existing bonds, with total allotments well above the initial offer. DMO had […]

Aviation

FG allocates N580m for airport chillers, software upgrades

The Federal Government has earmarked N580 million for the purchase of chillers and software upgrades at airports as part of the N87.3 billion allocation for the aviation sector in the proposed 2026 budget. Although the specific software was not named, the budget document indicated that N500 million would be used to procure chillers for the […]

Business

Nigeria eyes Africa’s second-largest cloves production with 74,000 farmers

Nigeria is poised to become Africa’s second-largest commercial producer of cloves, with 74,000 farmers gearing up to participate in the country’s first-ever nationwide cloves farming initiative ahead of the 2026 wet season. The National Coordinator of the Cloves Producers Association, Malam Abdullahi Shuaibu, made this disclosure during the North-West Farmers Training Workshop held at Ahmadu […]

Finance

2026 budget: FG allocates N198.53bn for 9,230 intervention projects

An examination of the consolidated ZIP/ZIF master project sheet for the 2026 budget cycle reveals that the Federal Government has set aside N198.53 billion for 9,230 intervention projects across the country. These projects cover social welfare, infrastructure rehabilitation, agriculture, health, education, and community development. The dataset combines projects under intervention and recovery programmes. The allocation […]

Electricity featured

FG bans payment for installing electricity meters, threatens prosecution

The Federal Government has banned electricity distribution companies and installers from collecting any form of payment for meters, warning that DisCo officials and installers found extorting customers will be prosecuted. The Minister of Power, Adebayo Adelabu, issued the warning on Thursday during an on-site inspection of newly imported smart meters at APM Terminals, Apapa, Lagos. […]

Aviation featured

FG concessions Enugu international airport to Aero Alliance

The Federal Government has officially signed the concession agreement for Akanu Ibiam International Airport, Enugu, as part of its drive to modernise Nigeria’s aviation sector through public-private partnerships. The agreement was signed on Wednesday at the Ministry of Aviation and Aerospace Development in Abuja by the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, […]

featured

FG disburses N152bn to contractors amid ongoing payment protests

The Federal Government has announced that it has disbursed N152 billion to contractors for what it termed verified contracts, amid ongoing protests over unpaid dues. In a statement on Thursday, Minister of State for Finance Doris Uzoka-Anite said the payments were made following strict verification procedures in accordance with existing laws and regulations. She acknowledged […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
Business

FG, employers clash over proposed increase in NSITF levy

The Federal Government and private sector employers appear headed for a confrontation over the proposed increase in the Nigeria Social Insurance Trust Fund employee compensation levy. Employers have cautioned that raising the levy beyond the statutory one per cent could trigger job losses and force some factories to shut down. The Federal Government made the […]

Business

FG unveils impact challenge to boost 3MTT outcomes

The Federal Government has introduced a new “Impact Challenge” to deepen results from its three-million-man training programme as it scales up the national digital skills drive. The Minister of Communications, Innovation and Digital Economy, Mr. Bosun Tijani, announced the initiative in a post on his X handle on Tuesday. According to him, over 135,000 Nigerians […]

Business

FG to rely more on local resources, reduce borrowing – Edun

The Federal Government has said it will increasingly depend on domestic resources while cutting back on borrowing. Minister of Finance, Wale Edun, stated this on Tuesday during an interview on Bloomberg Television at the World Economic Forum in Davos, Switzerland. He stressed that the administration is prioritising stronger revenue generation. He added that although Nigeria […]

featured Food

Abuja residents hail FG as food prices crash

Some Abuja residents have commended the Federal Government’s intervention to reduce food prices, saying the crashing prices of food items have brought relief to residents of Abuja and other Nigerians across the country. The residents gave the commendation in separate interviews with the News Agency of Nigeria in Abuja on Tuesday. Mrs Vivian Uche, a […]

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