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Oil sector reforms attract $24bn new capital –

  • 10th April 2026

Reforms attract over $10bn investment in upstream oil

  • 10th April 2026

FG begins assessment of $200bn integrated infrastructure proposal

  • 10th April 2026
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN warns banks against excessive risk-taking after recapitalisation

  • 10th April 2026

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Tinubu names Ogunjimi acting Accountant General of the Federation

President Bola Ahmed Tinubu has appointed Mr. Shamseldeen Babatunde Ogunjimi as the Acting Accountant General of the Federation. This was disclosed in a statement on Tuesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the statement, the appointment of Ogunjimi as the Acting Accountant General of the Federation […]

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FG to prioritize digital skills training for unemployed youths – Minister

The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, stated that the federal government’s priority is to speed up the training and empowerment of unemployed youths in digital skills and information technology. Onyejeocha made this disclosure during the launch of the 93,731 Renewed Hope Employment Initiative at the National Directorate of Employment, held at […]

News

FG allocates ₦700bn for presidential metering initiative

The Federal Government has allocated ₦700 billion from the federation account for the Presidential Metering Initiative, according to the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji. This initiative aims to distribute free electricity meters to consumers, addressing the metering gap, curbing estimated billing. Tunji noted on Friday that […]

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FG unfazed by IOC divestments, says Lokpobiri

The Minister of State for Petroleum Resources, Heineken Lokpobiri stated that the Federal Government has no cause for concern despite international oil companies divesting. He clarified that the IOCs are not leaving Nigeria but are shifting their focus from onshore to offshore operations. This was disclosed by Lokpobiri at the Nigerian Content Development and Monitoring […]

Nigeria's external reserves rise to $36.89bn — CBN gov
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Industry minister to discuss $2.4bn FX forward contracts with CBN

The Minister of State for Industry, Trade, and Investment, Senator Owan Enoh, has pledged to engage with the Central Bank of Nigeria Governor, Olayemi Cardoso, regarding the $2.4 billion in foreign exchange forward contracts. Enoh made this disclosure on Wednesday at the the first stakeholders’ town hall meeting with key representatives from the Manufacturers Association […]

News

Nigeria eyes S’Africa’s support for G20, BRICS membership

Nigeria has requested South Africa’s support for full membership in the G20, BRICS, and the BRICS New Development Bank. This appeal was made by Nigeria’s Minister of State for Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, during the 11th Nigeria-South Africa Bi-National Commission in Cape Town. South Africa officially assumed the presidency of the G20 on December […]

News

FG directs MDAs to exclude new projects from 2025 budget

The Federal Government has instructed all Ministries, Departments, and Agencies to exclude new projects from their 2025 budget submissions unless linked to ongoing project completion. This directive is outlined in the 2024 Federal Government Budget Call Circular. The 2024 Budget Call Circular explicitly states that no new projects will be included in the 2025 capital […]

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FG auditors review NNPCL’s N2.7tn fuel subsidy claim

The Office of the Auditor-General of the Federation has received the required documents to verify the Nigerian National Petroleum Company Limited’s N2.7 trillion fuel subsidy claim against the government. Meanwhile, the finance ministry’s procurement department has obtained the terms of reference and scope of work for hiring an external firm to assist in the verification […]

News

Creditors tells FG to repay ₦12bn loan borrowed by civil servants

The Humanity Development and Empowerment Organisation has called on the federal government to repay the ₦12 billion borrowed by civil servants. In a statement in Abuja over the weekend, the outgoing national president of HDEO, also known as the Lenders Association, Osita Nebolisa, said the government had deducted the loans from workers but had failed […]

News

FG to unveil national youth unemployment benefits scheme

The federal government is preparing to launch a groundbreaking National Youth Unemployment Benefits Scheme to address Nigeria’s persistent unemployment crisis. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure during his opening remarks at the Media Activation/Townhall Meeting on the government’s loan scheme in Lagos over the weekend. In […]

News

FG grants licence for 27,000-barrel refinery construction

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved a licence for Process Design and Development Limited to establish and construct a new 27,000 barrels per day refinery. It said the facility will be located in Dole-Wure, Akko area of Gombe State. The authority in a post on its official […]

Power crisis worsens as National grid collapses again
News

Nigeria targets 14,000MW of electricity from hydropower

The Federal Government has announced that Nigeria has sufficient water resources to generate 14,000 megawatts of electricity. This was revealed as the Minister of Power, Adebayo Adelabu, and the Minister of Water Resources and Sanitation, Joseph Utsev, signed a memorandum of understanding for sustainable development. The MOU focuses on implementing the World Bank’s Sustainable Power […]

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