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FG launches intra-African air cargo corridor with 50% discount

The Federal Ministry of Industry, Trade and Investment, in partnership with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor. This groundbreaking export initiative operates under the African Continental Free Trade Area framework. At the event held on Africa Day at Nnamdi Azikiwe International Airport, Abuja, Minister […]

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FG moves to revive steel industry

The Nigerian Federal Government has ramped up efforts to resuscitate the nation’s struggling steel industry, with a strategic inspection visit to Premium Steel and Mines Limited, formerly Delta Steel Company, in Ovwian-Aladja, Delta State. The move signals a renewed push to restore Nigeria’s steel assets as part of a broader economic revitalization plan. Led by […]

Aviation

FG shifts aviation policy to prioritize local airlines

The Federal Government has announced a shift in its aviation policy, opting to focus on strengthening local airlines rather than pursuing the creation of a national carrier. This new direction was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, at the launch of a book titled “100 Years of Civil Aviation in […]

Aviation

FG to sanction airlines flying passengers without visas into Nigeria

The Minister of Interior, Olubunmi Tunji-Ojo, has announced that airlines flying passengers into Nigeria without valid visas will face sanctions. Speaking at a sensitization programme on the newly launched e-visa policy in Lagos on Friday, Tunji-Ojo said the enforcement measure follows consultations with the Minister of Aviation and Aerospace Development, Festus Keyamo, and the Director […]

Business

FG eyes N300b from FGN bond market in May 

The Federal Government of Nigeria, via the Debt Management Office, aims to raise N300 billion from the domestic bond market in May 2025, marking a 12.5% decline from the N350 billion offered in April 2025. This reduction suggests a moderate adjustment in borrowing strategy, possibly reflecting improved fiscal conditions, lower immediate funding requirements, or strategic […]

Business

FG bans fuel tankers from night-time operations nationwide

The Nigerian Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has introduced a new regulation prohibiting fuel tankers from operating at night, effective immediately. The announcement was made by NMDPRA Chief Executive, Farouk Ahmed, during a sensitization program for petroleum tanker drivers in Lagos on Wednesday. The event, organized in collaboration with […]

News

FG to sell 753 recovered housing units from Emefiele

The Ministry of Housing and Urban Development has taken possession of a 753-unit housing estate previously owned by embattled former Central Bank Governor, Godwin Emefiele. According to the ministry, the property was formally handed over by the Economic and Financial Crimes Commission on Tuesday at its headquarters in Mabushi, Abuja. The Director of Press and […]

FG deducts N256.5bn for gas projects in six months
News

Tinubu grants approval for multibillion-dollar kolmani oil project

President Bola Tinubu has granted all necessary regulatory approvals for the issuance of critical licences for the Kolmani Integrated Development Project, a multibillion-dollar oil exploration initiative situated between Bauchi and Gombe States. This was disclosed by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during the flag-off ceremony for the permanent site […]

BPP boss promotes procurement process enforcement
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FG approves revised procurement thresholds for MDAs

The Bureau of Public Procurement has announced a major revision of procurement thresholds for federal Ministries, Departments, and Agencies, aimed at streamlining contract award processes and reducing bureaucratic bottlenecks. In a statement issued by the Head of Public Relations at the BPP, Zira Nagga, the adjustments were approved by President Bola Tinubu and are intended […]

Electricity

FG approves key power projects in Oyo 

The Federal Government has approved two significant energy initiatives in Oyo State, aimed at strengthening Nigeria’s national grid and tackling longstanding power supply challenges. This was disclosed in a statement released by Bolaji Tunji, media aide to the Minister of Power. The decisions, finalized during Monday’s Federal Executive Council meeting, include the revival and concessioning […]

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Nigeria attracted over $8b in deepwater, gas investments – Presidency 

The Federal Government has stated Nigeria has attracted more than $8 billion in investments for deepwater and gas projects within a single year, surpassing the previously reported $6.7 billion in energy sector investments for 2024. The Special Adviser to the President on Energy, Olu Verheijen, announced the achievement at the 2025 Africa CEO Forum in […]

News

FG approves Medipool to distribute essential healthcare products nationwide

The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, revealed that the Federal Executive Council has approved Medipool, a group purchasing organization, to supply essential healthcare products across Nigeria. He made this disclosure during a briefing with State House correspondents after the sixth FEC meeting of the year in Monday. Prof. Pate stated that […]

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