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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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FG plans data bank to boost transport sector

The Federal Government has announced plans to create a national data bank aimed at improving efficiency and decision-making within Nigeria’s transportation sector. This was disclosed by the Chairman of the Governing Council of the Chartered Institute of Transport Administration, Dr. Segun Obayendo, during a press conference ahead of the 6th National Transport Conference in Abuja. […]

News

FG signs agreement for new aircraft maintenance facility

The Federal Government, through the Ministry of Aviation and Aerospace Development, has entered into a Public-Private Partnership with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry, who requested to remain anonymous due to a lack of authorization to speak publicly on the matter, shared details […]

News

FG blames Discos for incessant grid collapse

The Federal Government, through the National Orientation Agency, has blamed the frequent collapse of Nigeria’s national grid—resulting in widespread blackouts—on the inability of electricity distribution companies to absorb the power generated. In a circular released on Wednesday titled “Why National Grid Collapses,” the NOA explained that while Nigeria has the capacity to generate up to […]

News

FG secures over $1bn in oil, gas investments

The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen said that Nigeria has attracted over $1 billion in investments across various segments of the oil and gas sector. Speaking at the African Energy Week in Cape Town, South Africa, Verheijen emphasized that the President’s regulatory reforms are already yielding positive outcomes, boosting investor […]

News

MDAs risk sanctions over N39tn liability gap

The Federal Government has issued a warning to Ministries, Departments, and Agencies over non-compliance with asset documentation standards, announcing plans to address Nigeria’s N39 trillion negative net asset balance through the establishment of a comprehensive National Assets Register. This was disclosed by the Accountant-General of the Federation, Dr. Oluwatoyin Madein, on Tuesday at a one-day […]

News

FG seeks increased investment in agricultural sector

The Federal Government on Tuesday called on both local and international stakeholders to capitalize on the increasing interest in Nigeria’s agricultural sector by investing in large-scale mechanized farming. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, made this disclosure at the inaugural edition of the three-day Farm, Food, and Allied Technologies Expo held […]

News

FG urged to shelve tax reform bills

A tax expert and the Chief Executive Officer of AOC-Adebisi Oderinde & Co, Adebisi Oderinde, has urged President Bola Tinubu to reconsider the proposed tax reforms in Nigeria. “My advice is for us to make hay while the sun shines and the journey of 1,000km starts with a step, and slow and steady wins the […]

News

Nigeria needs accurate data for successful energy transition — FG

The Federal Government has highlighted the need for accurate, reliable, and timely energy data to effectively guide and monitor the country’s energy transition process. This was disclosed by the Minister of Innovation, Science and Technology, Chief Uche Nnaji, during the official launch of the computerized National Energy Information System n Abuja on Monday, according to […]

Minister threatens to revoke Kogi-Benin Road contracts
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FG terminates Julius Berger’s N740bn road contract

The Federal Government of Nigeria has terminated the contract for Section 1 of the Abuja-Kaduna-Zaria-Kano dual carriageway project valued at approximately N740 billion being handled by Julius Berger Nigeria Plc. The Ministry of Works and Housing cited the company’s failure to comply with revised project costs, scope, and terms, along with a halt in work […]

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Trade minister vows to harness AfCFTA for economic growth

The newly appointed Minister of Industry, Trade, and Investment, Jumoke Oduwole, has pledged to leverage the African Continental Free Trade Agreement to maximize benefits for the country. This was disclosed by the Minister after assuming duties on Monday, following her swearing-in by President Bola Tinubu at the Presidential Villa in Abuja, according to The Punch. […]

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FG, Moroccan firm partner to explore electric vehicle production

The Federal Government, via the National Automotive Design and Development Council, is set to initiate local manufacturing and assembly of electric vehicles. This initiative includes a planned partnership with a Moroccan firm to boost EV production in Nigeria. The NADDC Director-General/CEO, Joseph Osanipin, shared these details in an interview after attending the Nigeria-Morocco business forum, […]

News

EU, FG ink €17.9m power deal

The Federal Government in a significant move to enhance energy access in Nigeria, has formalized an agreement with the European Union and the German Government, securing £17.9 million in funding for the country’s off-grid electricity project. This initiative, part of the third phase of the Nigerian Energy Support Programme, aims to stimulate investments in renewable […]

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