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Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests energy commission DG over alleged money

  • 14th May 2026

Otedola deepens stake in First HoldCo with fresh

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PenCom removes approval requirement for PFA advertisements

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DMO announces N600bn FGN bond auction for May

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Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests energy commission DG over alleged money laundering

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Amazon cuts 100 Jobs in devices, services unit

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

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Otedola deepens stake in First HoldCo with fresh N43.41bn

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Tag: FG

Aviation

FG flags off flight operations at Minna international airport

The Federal Government on Wednesday launched flight operations by Overland Airways at the newly reconstructed Bola Ahmed Tinubu International Airport in Minna, Niger State. The Minister of Aviation and Aerospace Development, Festus Keyamo, who officiated the event, described the airport as a key alternative to the Nnamdi Azikiwe International Airport in Abuja, according to NAN. […]

Oil and Gas

FG urges indigenous oil firms to ramp up production

The Federal Government has once again urged indigenous oil companies to scale up their production in order to meet growing domestic demand, fulfill export commitments, and boost revenue contributions to the national treasury. The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal in Abuja on Wednesday during a meeting with the […]

featured

NNPC to face forensic audit – Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced on Wednesday that a forensic audit of the Nigerian National Petroleum Company is currently underway. He made this disclosure at an Investors’ Forum during the World Bank/IMF Spring Meetings in Washington D.C. It was earlier reported that President Bola Tinubu had dismissed […]

News

Presidency defends N10b solar energy project for state house

The Presidency has defended the Federal Executive Council’s approval of a N10 billion solar energy project for the State House, stating it is part of efforts to transition to cleaner energy and reduce long-term power costs. The clarification came amid public criticism over the project’s high cost and its timing, considering current economic challenges. Presidential […]

News

FG to shut Lagos Marine Bridge 60 days

The Federal Ministry of Works has announced that the Marine Bridge in Lagos will be closed for 60 days starting on Sunday, April 27, for essential structural repairs. Speaking on Channels Television’s Sunrise Daily on Tuesday, the Federal Controller of Works for Lagos State, Olukorede Kesha, explained that the first section of the bridge will […]

News

FG launches N120b nationwide youth skills acquisition program

The Federal Government has launched a nationwide N120 billion youth skills acquisition program, designed to support registered companies that can train at least 60,000 youths over a three-month period. Upon completion, trainees will not only gain practical skills for employment but will also receive starter packs to help them transition smoothly into the workforce. This […]

IMF lowers 2024 growth projections for Nigeria
News

Nigeria, IMF strengthen ties to boost spending, food security

The Managing Director of the International Monetary Fund, Kristalina Georgieva, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, have all committed to working together to enhance social spending, boost food security, and promote inclusive growth in Nigeria. Georgieva also reaffirmed […]

featured

FG warns refineries, depot owners on waste management practices

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a warning to refineries, depot owners, and other operators in the midstream and downstream sectors regarding poor waste management practices. The directive was addressed to all licensed waste management service providers, in a memo dated April 3, 2025 (Ref: NMDPRA/HQ/HSEC.02/2025/181), emphasizing the need for strict […]

Nigeria borrowed money to fight Boko Haram - Oyedele
Business

FG introduces new tax credit scheme amid reform

The Federal Government is introducing the Economic Development Incentive as part of its ongoing tax reform efforts. This new initiative is designed to replace the current Pioneer Status Incentive and address its inefficiencies. The EDI will directly link tax relief to measurable investments, encouraging genuine economic activity and fostering growth in key sectors. This was […]

Business

FG generates N6.96bn in mining fees

The Federal Government, through the Ministry of Solid Minerals Development, generated ₦6.96 billion in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025. Minister of Solid Minerals Development, Dr. Dele Alake, said the figures reflect the Ministry’s ongoing efforts to boost investor interest and increase public awareness in […]

News

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 […]

News

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 […]

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