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Nigeria is facing shortage of investment-ready startups, not

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Nigeria is facing shortage of investment-ready startups, not funds

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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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FG deploys CCTV on Falomo-Third Mainland bridge to boost security

The Federal Government has deployed CCTV cameras along the Falomo-Third Mainland Bridge corridor, enabling remote monitoring from Abuja to enhance security, traffic management, and incident response in Lagos. The Minister of Works, Sen. David Umahi, revealed this development during a stakeholder engagement on Phases One and Two of the Lagos-Calabar Coastal Highway project, according to […]

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FG reviews 16 proposed amendments to maritime labour laws

The Nigerian Maritime Administration and Safety Agency is reviewing 16 proposed amendments to the Maritime Labour Convention 2006, also known as the “Seafarers’ Bill of Rights.” NIMASA’s Head of Public Relations, Osagie Edward, disclosed this in a recent statement, highlighting the agency’s commitment to improving seafarers’ welfare and working conditions. Edward stated that the announcement […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
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FG disburses N15bn compensation for Lagos-Calabar highway demolitions

The Federal Government said it has disbursed N15 billion out of the N18 billion allocated for the first phase of compensation to property owners affected by demolitions along Section One of the Lagos-Calabar Highway. This was disclosed by the The Director of Federal Highways, Bridges, and Design at the Federal Ministry of Works, Bede Obioha, […]

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FG targets 50% increase in land formalisation

The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced plans to increase the formalization of land transactions in Nigeria by 50 per cent over the next decade. He stated that this initiative aims to unlock over $150 billion in dead capital, potentially boosting Nigeria’s GDP by 30 per cent. Dangiwa revealed this at […]

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FG woos China to establish electric vehicle assembly plants

The Federal Government is actively seeking to collaborate with China to diversify its economy, particularly by establishing electric vehicle assembly plants within the country. Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, emphasized this initiative during a meeting with Chinese Ambassador to Nigeria, Yu Dunham. She highlighted China’s role as one of Nigeria’s largest […]

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FG plans Free Trade Zone hubs to boost local building materials

The Federal Government is exploring the establishment of manufacturing hubs for local building materials within free trade zones nationwide. This initiative seeks to harness the benefits of these zones—such as tax incentives, streamlined regulations, and market access—to enhance local production, reduce construction costs, and improve housing affordability. The Minister of Housing and Urban Development, Musa […]

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FG reaffirms commitment to market-driven crude oil pricing

The Federal Government has reaffirmed its commitment to market-driven pricing for crude oil, rejecting price-fixing. It emphasizes adherence to international best practices, allowing transactions based on a willing-seller, willing-buyer framework. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, stated this in Abuja during a meeting with members of the Oil Producers […]

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FG considers port automation to cut costs

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has emphasized the need for port process automation to reduce business costs in Nigeria. Speaking during a recent media chat with editors in Lagos, Oyetola noted that some port-related costs do not contribute to government revenue but instead reflect systemic inefficiencies. “If you want to be […]

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FG bans 60,000-litre fuel tankers from roads, depots

The Federal Government has disclosed the ban of trucks carrying more than 60,000 litres of hydrocarbon products from loading at depots and using federal roads, effective March 1, 2025. It added that by the fourth quarter of 2025, the maximum load limit will be further reduced to 45,000 litres. The Executive Director of Distribution System, […]

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Power generation reaches 5,543MW as govt unveils new plans

The Federal Government has announced plans to move most electricity consumers in Nigeria to Band A, ensuring a minimum of 20 hours of power supply daily. This comes as the Transmission Company of Nigeria reported a new peak power generation of 5,543.20 megawatts, marking a significant milestone in the nation’s power sector. This milestone was […]

Nigeria Exchange in decline two weeks in a row
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FG lists ₦368.3bn bond, raises market offerings on NGX

The Federal Government of Nigeria has listed a ₦368.3 billion bond on the Nigerian Exchange Limited, accompanied by ₦234 billion in supplementary bond issues. This development was announced in a notice filed on the Exchange by the Head of the Issuer Regulation Department, Obioma Oge, on Tuesday. The newly listed bond, 22.60% FGN JAN 2035, […]

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