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FG moves to prevent fuel crisis, pay N100bn soon – IPMAN

The Independent Petroleum Marketers Association of Nigeria has announced that the Federal Government has committed to settling outstanding bridging claims and addressing related issues promptly. This development follows IPMAN’s recent threat to suspend services if the Nigerian Midstream and Downstream Petroleum Regulatory Authority did not pay the over N100 billion owed to marketers. This was […]

How FG can boost Nigeria's digital growth - Analyst
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FG to construct 7,000 telecom towers for rural connectivity

The Federal Government of Nigeria has announced plans to construct 7,000 new communication towers in rural areas to enhance telecommunications access and bridge the digital divide. This initiative, approved by the Federal Executive Council, aims to provide high-quality connectivity to underserved communities across the country. This was disclosed by the Minister of Communication, Innovation, and […]

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FG owes GenCos, DisCos N4trn – Minister

The Minister of Power, Adebayo Adelabu, has revealed that the Federal Government owes over N4 trillion in electricity subsidies to generation and distribution companies. Adelabu made this disclosure at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja, on Thursday. He emphasized that this substantial debt hampers […]

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Gas flare commercialisation to unlock $2.5bn investment – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has announced that the Nigeria Gas Flare Commercialisation Programme is poised to unlock approximately $2.5 billion in investments within the country’s oil and gas sector. This initiative aims to transform environmental challenges posed by gas flaring into substantial economic opportunities, generating significant revenue and creating numerous jobs. NUPRC’s Chief […]

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Why IOCs struggle to allocate crude to local refiners – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has addressed the challenges International Oil Companies face in allocating sufficient crude oil to domestic refiners, including the Dangote Petroleum Refinery, under the Domestic Crude Oil Supply Obligation framework. Lokpobiri stated that most IOCs had signed pre-production agreements with long-term buyers, committing their crude […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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FG seeks listing of NNPCL, Dangote refinery on NGX

The Federal Government has reaffirmed its commitment to strengthening Nigeria’s capital market by encouraging major state-owned and private enterprises, including NNPC Limited and Dangote Petroleum Refinery, to list their stocks on the Nigerian Exchange. Vice President Kashim Shettima made this known at the 50th Inaugural Lecture of Nasarawa State University, Keffi, on Wednesday, emphasizing that […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Expert warns FG against manipulating economic data

A financial expert has warned the Federal Government against distorting economic data to create a false sense of stability, arguing that inconsistent statistics could undermine the credibility of the National Bureau of Statistics. The Managing Director/CEO of Time-Line Consulting, Shuaibu Idris, raised these concerns during an appearance on Channels Television’s Business Morning on Wednesday. He […]

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Investment, not loans, key to solving Africa’s energy crisis – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has emphasized that Africa needs strategic partnerships and investments rather than loans to tackle energy poverty and drive economic growth. This was disclosed in a statement by the minister at the 8th edition of the Nigeria International Energy Summit (NIES 2025), themed “Bridging Continents: Connecting […]

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FGN bond auction sees N1.63tn in subscriptions

The Federal Government’s bond auction in February saw a surge in investor demand, with total subscriptions jumping to N1.63tn from N670.94bn in January. This increase led to higher allotments despite falling yields, reflecting growing confidence in Nigeria’s debt market. The Debt Management Office announced the results on its website on Tuesday. The DMO conducted the […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
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FG, Hitech sign deal to attract foreign investments

The Federal Government of Nigeria has formalized an Engineering, Procurement, Construction, and Finance contract with Hitech Construction Company Nigeria Ltd. for the Lagos-Calabar Coastal Highway Project. This agreement empowers the contractor, in collaboration with the Federal Ministry of Finance, to attract foreign investments to fund the project. This was disclosed in a statement by the […]

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FG directs DisCos to disclose meter refund details

The Nigerian Electricity Regulatory Commission has mandated all electricity distribution companies to publish details of refunds made to customers who purchased meters under the Meter Asset Provider scheme. This directive aims to enhance transparency and ensure that customers are adequately informed about the reimbursement process. This was disclosed by NERC via its official X handle […]

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FG targets increased oil sector investments in 2025

Nigeria is on track to secure more Final Investment Decisions this year, boosting investor confidence and economic growth in the energy sector, according to the Special Adviser on Energy to President Bola Tinubu, Olu Verheijen. Speaking at the Nigeria International Energy Summit 2025, Verheijen noted that Nigeria secured three of Africa’s four FIDs last year, […]

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