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Nigeria’s IMTO inflows surge 45% to record $1.29bn

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The Federal Government, through the Debt Management Office, has announced plans to reopen two tranches of its savings bonds worth a combined N350 billion for public subscription.
News

FG to auction N350bn bonds at N1,000 per unit on April 28

The Federal Government, through the Debt Management Office, has announced plans to reopen two tranches of its savings bonds worth a combined N350 billion for public subscription. The bond auction is scheduled to hold on April 28, 2025. According to a statement released by the DMO on Tuesday, each bond will be offered at N1,000 […]

Maritime

FG launches access to $25m in cabotage vessel financing fund 

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced that qualified applicants are now eligible to access up to $25 million each from the Cabotage Vessel Financing Fund at competitive interest rates. This was revealed in a statement issued by his Special Adviser on Media and Communications, Dr. Bolaji Akinola. Oyetola also instructed […]

FG signs €995m deal to boost Nigerian agriculture sector
News

FG unveils green money project to empower youth in agriculture

The Federal Government has launched the Green Money Project, a presidential initiative aimed at empowering young Nigerians through modern agricultural practices. The project was inaugurated by Abiodun Yinusa, Special Assistant to President Bola Tinubu on Agriculture, during an event at the Federal University of Agriculture, Abeokuta on Wednesday. Yinusa explained that the initiative seeks to […]

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 […]

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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 […]

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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 […]

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