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NNPC ships first Cawthorne blend cargo to international

  • 2nd April 2026

Pension industry forms consortium to bridge Nigeria’s infrastructure

  • 2nd April 2026

Oil prices drop as Middle East uncertainty keep

  • 1st April 2026
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN confirms 33 banks meet new capital requirements

  • 1st April 2026

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NNPC ships first Cawthorne blend cargo to international market

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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

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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 […]

Aviation

FG unveils plans for direct flights between Nigeria, Tanzania

Nigeria and Tanzania are poised to enhance their bilateral relations with the planned introduction of direct flights between the two nations. This initiative is part of a broader strategy to deepen economic and diplomatic ties. Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, held a meeting with the Head of Chancery at the Tanzania […]

News

FG, Japan partner to foster entrepreneurial growth, innovation

The Federal Government of Nigeria has signed a Memorandum of Understanding with the Government of Japan to support business start-ups and promote innovation across the country. As part of the agreement, groundbreaking projects valued at $30.9 million will be implemented, including a key initiative—the Development of the Start-up Hub—spearheaded by the National Information Technology Development […]

News

FG inaugurates new Galaxy Backbone board to accelerate digital transformation

The Federal Government has inaugurated a new Board of Directors for Galaxy Backbone Limited, Nigeria’s ICT infrastructure provider, to advance the country’s digital economy agenda. The inauguration ceremony was held at the Office of the Secretary to the Government of the Federation (SGF) in Abuja and was presided over by Senator Dr. George Akume, who […]

News

FG commits to enhancing investment climate

The Minister of Information and National Orientation, Mohammed Idris, assured that the Federal Government will create a favorable environment for foreign investment. He urged investors to remain engaged with Nigeria’s economy, especially amid the country’s ongoing reforms. The minister emphasized that Nigeria provides dynamic market potential and an investor-friendly environment, essential for successful business operations. […]

PETROAN dismisses fuel scarcity fears amid naira-for-crude controversy
News

Fuel price-cut in view as FG renews naira-for-crude deal

Oil marketers have said that Nigerians may soon experience significant relief as the pump price of Premium Motor Spirit is expected to drop sharply. This follows the Federal Government’s continued implementation of the crude oil and refined product sales in naira initiative. They also revealed that the Dangote Refinery, a key player in the downstream […]

News

FG to begin automation of landing, exit cards for foreigners on May 1

The Federal Government of Nigeria has announced significant changes to its immigration procedures, set to take effect on May 1, 2025. These reforms aim to enhance border security and streamline the entry and exit processes for foreign travelers. Through automation, foreigners will now need to complete forms online before boarding flights to or from Nigeria. […]

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Naira-for-crude policy still in effect, FG tells Dangote, others

The Federal Government has emphasized that its naira-for-crude initiative with local refineries is not a temporary solution but a strategic policy aimed at promoting sustainable domestic refining. The Nigerian government has confirmed that the naira-for-crude initiative remains in effect, overriding the decision made by the NNPC under former CEO Mele Kyari to terminate it. During […]

Electricity

FG to receive 3.2M electricity meters in April 2025 – Minister

The Federal Government has announced that it will receive the first batch of 3.205 million electricity meters in April 2025. This initiative is aimed at addressing the metering gap across the country. Minister of Power, Adebayo Adelabu, made the disclosure in a statement issued by his Special Adviser on Strategic Communications and Media Relations, Bolaji […]

AfDB President Adesina criticizes border opening for food imports
News

FG, AfDB partner to launch agro-industrial zones programme

The Federal Government of Nigeria, in collaboration with the African Development Bank, will officially launch Phase One of the Special Agro-Industrial Processing Zones programme, supported by a $538 million investment. According to a statement from the AfDB on Sunday, groundbreaking ceremonies for the first phase will take place on April 8 in Kaduna State and […]

News

FG raises alarm over impact of Trump’s tariffs on Nigerian exports

The Federal Government has expressed concern over the negative impact of newly imposed United States tariffs on Nigeria’s oil and non-oil exports. It warned that the measures could strain trade relations and reduce the competitiveness of Nigerian products in the American market. In a statement issued on Sunday, Minister of Industry, Trade, and Investment, Dr. […]

Business

Revenue agencies owe FG N9.3tn unremitted funds – FG

The Nigeria Extractive Industries Transparency Initiative has disclosed that revenue-generating agencies owe the government N9.3 trillion in unremitted liabilities. According to NEITI’s 2023 industry report, this amount could cover approximately 72% of the Federal Government’s projected N13 trillion budget deficit for 2025. NEITI Executive Secretary, Orji Ogbonnaya Orji, disclosed this during a briefing on the […]

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