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NDPC begins inquiry into reported cyber breach affecting

  • 5th April 2026

Custodian investment paid ₦419m penalties in 2025

  • 5th April 2026

Fidson Healthcare’s revenue surged 41% to ₦119bn in

  • 5th April 2026

Tinubu appoints Shu’aibu Aliyu as PTDF executive secretary

  • 2nd April 2026

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NDPC begins inquiry into reported cyber breach affecting Remita,

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Electricity: FG pays 45% of GenCos’ invoices

The Minister of Power, Chief Adebayo Adelabu, has announced that the Federal Government has settled 45 per cent of the invoices submitted by electricity-generating companies in Nigeria. This payment is expected to ease the financial difficulties faced by the GenCos, helping to improve the overall performance and stability of the power sector in the country. […]

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Transport Minister calls for increased infrastructure funding

The Minister of Transportation, Senator Said Alkali, has urged for increased funding to sustain and expand the country’s transportation infrastructure, as outlined in the 2025 budget proposal. This was disclosed in a statement signed by Chief Information Officer, Federal Ministry of Transportation, Gift Seddon, on Friday. Speaking before the Joint Committees at the National Assembly […]

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FG to convert 10,000 vehicles to CNG in 10 weeks

The Federal Government has initiated the 10-for-10 Campaign, aiming to convert 10,000 commercial vehicles to run on Compressed Natural Gas within a 10-week period. This initiative is part of the government’s broader strategy to promote the use of cleaner energy sources and reduce dependence on petrol and diesel, while also addressing the rising fuel costs. […]

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FG no longer involved in fixing fuel prices – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that international crude oil prices are a key factor driving fluctuations in petrol pump prices. Lokpobiri also confirmed that the downstream sector is now fully deregulated, with the government no longer involved in setting prices. The Minister made this disclosure at the inaugural […]

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FG eyes N1.8tn from bond market in Q1

The Federal Government plans to raise N1.8tn from the bond market in the first quarter of 2025, according to the Debt Management Office. The proposed issuances, outlined in the recently released FGN Bond Issuance Calendar, consist of a mix of re-opened and new bonds across three monthly auctions scheduled for January, February, and March 2025. […]

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Telecom tariff increase should not exceed 60% – Minister

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has emphasized that the Nigerian Communications Commission should approve a maximum telecommunications tariff increment of 60%. Speaking on a Channels TV program, on Wednesday, Tijani rejected the telecom operators’ request for a 100% increase, labeling it as unfeasible. He further explained that the government […]

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FG needs N700bn yearly to maintain roads – Minister

The Minister of State for Works, Mohammad Goronyo, has raised alarms about the inadequate budgetary allocation to the Federal Roads Maintenance Agency. He said the agency needs over N700bn yearly to maintain federal roads nationwide. He emphasized that the current funding does not match the scale of the agency’s responsibilities, which involve maintaining and repairing […]

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Nigeria generated N50tn from crude oil in 2024

Nigeria’s crude oil revenue In 2024 surged to approximately N50.88 trillion. Data from the Nigerian Upstream Petroleum Regulatory Commission revealed that the country produced a total of 408,680,457 barrels of crude oil that year. A report by Statista Research Department on January 9, 2025, revealed that the average price of crude oil in 2024 was […]

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FG sets N6.58tn revenue target for Customs in 2025

The Federal Government has set a revenue target of N6.58 trillion for the Nigeria Customs Service in 2025. This was disclosed by the Comptroller-General of Customs, Bashir Adewale Adeniyi, on Tuesday. Adeniyi also revealed that the NCS collected a record N6.11 trillion in 2024, exceeding its N5.08 trillion revenue target by N1.03 trillion, which is […]

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FG confident of reaching N36tn revenue target

The Federal Government is optimistic about meeting its N36.35 trillion revenue target for 2025, citing ongoing economic reforms under President Bola Tinubu’s administration. This was disclosed by the Minister of Budget and Economic Planning, Abubakar Bagudu, during a hearing at the National Assembly Joint Committees on Finance, where the 2025 Appropriation Bill was discussed, according […]

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Tinubu administration inherited near-collapsed economy – Edun

The Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, revealed that the Bola Tinubu administration inherited a near-collapsed economy but is making steady progress through bold, targeted reforms. During a briefing with the Senate Committee on Appropriations about the 2025 Appropriation Bill, Edun said that the administration’s economic stabilization strategy, emphasizing progress […]

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