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Tinubu extends Customs CG Adeniyi’s tenure by six months

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Only 18% of Nigerian retailers can access formal loans

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Remita to remain operational as FG launches TMRAS – AGF

The Office of the Accountant General of the Federation has clarified that Remita, the CBN-approved payment gateway, will remain operational alongside the newly launched Treasury Management and Revenue Assurance System. This assurance addresses concerns about potential disruptions to government payment and revenue collection processes. in a statement signed by the spokesperson, Bawa Mokwa, on Tuesday, […]

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FG threatens closure of private jet terminal to stop illegal operations

The Federal Government is considering shutting down the General Aviation Terminal of the Nnamdi Azikiwe International Airport in Abuja due to reports that its VIP section has become a hub for money laundering, drug trafficking, human trafficking, and other criminal activities. The GAT is primarily used by private jet owners and charter services. Minister of […]

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FG faces resistance in gold mining regulation – Minister

The Minister of Solid Minerals Development, Dele Alake, has acknowledged that the federal government’s efforts to regulate gold mining in Nigeria are being hindered by political, social, and cultural challenges. Despite the constitutional authority of the federal government over mineral resources, state governments exert significant influence due to their control over land under the Land […]

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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 […]

News

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 […]

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