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Uber fined €10m for invading drivers' privacy

US sues Uber over alleged deceptive subscription practices

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Private sector credit hits N76.27tn in March – CBN

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IMTO inflows surge 63.7% in 2024 amid CBN reforms

Nigeria’s money supply hits ₦114.22tn in March

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Huawei establishes cloud centre in Saudi Arabia

Huawei begins mass shipments of 910C chips as US

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Tag: FG

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FG launch revised national policy on food safety

The Federal Government has announced the revision of the National Policy on Food Safety and Quality, as well as the formation of four technical food safety working groups. This was disclosed by the Coordinating Minister of Health and Social Welfare, Prof Ali Pate at the event, marking the 2024 World Food Safety Day on Friday, […]

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FG unveils revamped Lagos to Kano rail line

The Federal Government has reopened the train route that connects Lagos and Kano after undergoing repairs. This was disclosed by the Minister of Transportation, Saidu Alkali via his official X handle on Thursday. Alkali posted “I am delighted to announce to Nigerians that today, June 6, 2024, the Federal Government led by President Bola Ahmed […]

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Finance minister to present new minimum wage today

The Minister of Information, Idris Mohammed, announced that Finance Minister Wale Edun will present a new minimum wage proposal to President Bola Tinubu today, Wednesday, June 5, 2024. Mohammed made this statement during an interview with journalists at the State House in Abuja on Tuesday. This announcement follows the organized labour’s decision to suspend their […]

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Inflation: FG considers importing rice paddy, maize seeds

The federal government is now considering measures to permit the importation of paddy rice to millers through an Executive Order to stop the rising trend of food inflation in the nation In addition, the federal government will consider the importation of maize and rice seeds to farmers to boost production output in these staple crops. […]

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Nigeria lost N149bn to NLC, TUC one day strike

Nigeria may have lost over N148.8 billion in oil revenue on Monday as a result of the organized labor’s industrial action against the federal government’s proposed N60,000 minimum wage. The Nigerian Upstream Petroleum Regulatory Commission’s most recent statistics show that (excluding condensate) Nigeria produces 1,281,478 barrels of crude oil per day, according to The Punch. […]

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FG direct International oil companies sell crude to Dangote refinery

The Nigerian Upstream Petroleum Regulatory Commission has said it would direct international oil companies to supply crude oil to Dangote oil refinery. The spokesperson for the NUPRC, Olaide Shonola, stated that the commission was stepping in to guarantee Dangote and other refineries in the nation will be able to purchase crude locally. This was disclosed […]

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Nigeria, UAE dispute resolved, to start visa issuance soon – FG

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the visa disagreement between Nigeria and the United Arab Emirates has been settled. He declared that the travel ban preventing Nigerians from traveling to the UAE, particularly Dubai, would soon be lifted by the government of the UAE, according to The Punch. This […]

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7.3 million Nigerians yet to get electricity meters – FG

The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered power users nationwide stood at 7,319,846. The Federal Government’s most recent data on metering shows that 6,09,585 were metered electricity users in the country in 2023, compared to 7,319,846 unmetered […]

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Over 500,000 applicants yet to get FG’s trade grant as deadline approaches

The federal government through the federal Ministry of Industry, Trade and Investment is yet to credit the N50,000 trade grant to more than half of the qualified applicants that applied for the scheme. According to the federal government’s official website, the initiative has benefited a total of 414,751 individuals from all 774 local government areas […]

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IMF’s recommendations misconstrued in Nigeria – Christian Ebeke

The International Monetary Fund resident representative for Nigeria, Christian Ebeke raised concerns over the misapplication of the organization’s policy recommendations in Nigeria. He emphasised the necessity of first providing for the poor and vulnerable before the removal of the expensive subsidies in a chat with the Head of Research, Africa and Middle East, Razia Khan […]

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FG to reduce vehicle parts imports by 40%

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite has said the Federal Government is set to commence the manufacturing and supplying of tyres, batteries, brake pads, and other automobile components as part of efforts to boost the Nigerian automotive industry. This was disclosed by Uzoka-Anite at the ministerial sectoral briefing to mark President Bola […]

150,000 Nigerians got FG's N50k grant - Minister
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Nigeria attracted N3.5bn textile investment, created 4,000 job opportunities – Minister

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, has said that the Federal Government has secured $3.5 billion in investments in a year to boost NNigeria’s textile, cotton, and clothing sectors. This was disclosed in a statement by Uzoka-Anite at the ministerial press briefing in Abuja on Tuesday. According to Uzoka-Anite, this investment is […]