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Nigeria is facing shortage of investment-ready startups, not

  • 28th July 2026

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  • 27th July 2026

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Business

Nigeria, Rwanda seal 30-day visa waiver deal to boost travel

Nigeria has formally launched a 30-day visa-free entry policy for citizens of Rwanda under a new bilateral agreement designed to facilitate easier travel between the two countries. The development was announced on Friday by the Nigeria Immigration Service in a statement signed by its Public Relations Officer, DCI Akinsola Akinlabi. The move follows earlier consideration […]

News

FG spent ₦6.54trn on vehicle spare parts imports in 2025

The Federal Government has disclosed that Nigerians spent about N6.54 trillion on vehicle spare parts and another N2.7 trillion on imported vehicles in 2025, emphasising the huge economic potential in the country’s automotive aftersales and component manufacturing sector. Daily Trust reported that the Director-General of the National Automotive Design and Development Council, Joseph Osanipin, revealed […]

Business

FEC approves key PPP projects to boost transport, power systems

The Federal Executive Council has approved three public–private partnership initiatives aimed at boosting Nigeria’s transport and power infrastructure. The approved projects include a smart national transport data bank to be developed under the Nigerian Institute of Transport Technology, as well as independent power projects for the Onne Port in Rivers State and the Apapa Port […]

FG didn't tamper with MTN, 9Mobile, other internet connection - Minister
Business

FG threatens actions against MTN, Airtel, others over poor services

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has warned that “appropriate regulatory action” will be taken against MTN Nigeria, Airtel Nigeria, Globacom and T2 if they fail to address persistent network issues and improve the quality of call and data services. Tijani made this known in a statement issued to Nairametrics […]

Finance

Reps sets up panel to recover outstanding FG debts

The House of Representatives on Thursday constituted an ad-hoc committee to investigate debts owed to the Federal Government by state actors, private entities and Ministries, Departments and Agencies, appointing the member representing Obokun/Oriade Federal Constituency of Osun State, Oluwole Oke, as chairman of the panel. The committee was inaugurated following the adoption of a motion […]

Economy

FG rules out fuel subsidy return, backs market pricing policy

The federal government has ruled out any return to fuel subsidies or the introduction of price controls, reaffirming its commitment to market-driven economic policies. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this known on Tuesday in Paris, stating that subsidy regimes distort the economy and will not be reinstated. He […]

Aviation

FG, Airbus seal strategic aviation development ties

The Federal Government has entered into a strategic partnership with European aircraft manufacturer Airbus, focusing on key areas including infrastructure development, maintenance capability, and human capital advancement. The collaboration was formalised through a Memorandum of Understanding, details of which were disclosed in a statement issued on Monday, according to The Punch. Under the terms of […]

Business

FG urges fairness, equity in global push for decarbonisation

The Federal Government has urged the global maritime community to ensure fairness, equity, and meaningful support for developing countries as the industry works toward achieving net-zero emissions in international shipping. Addressing the 84th session of the Marine Environment Protection Committee of the International Maritime Organization in London, the Minister of Marine and Blue Economy, Dr. […]

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FG establishes aircraft leasing company to boost domestic carriers

The Federal Government has approved the creation of the Nigeria Aircraft Leasing Company to enhance domestic airlines’ access to aircraft and boost the nation’s aviation industry. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the decision on his official X account on Friday, stating that it was one of the resolutions adopted at Thursday’s […]

Business

Tinubu names Odumegwu-Ojukwu as foreign affairs minister

President Bola Ahmed Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs. The appointment was announced on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy. It follows the resignation of the former Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who reportedly stepped down […]

Bubari re-appoints Dabiri-Erewa as NIDCOM chairman
Business

FG demands action as violence against Nigerians escalates in S’Africa

The Nigerian government has expressed concern over renewed attacks on Nigerians in South Africa, setting out key demands to address the situation. The Chairman/CEO of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, disclosed this in a statement released on April 29, 2026. She noted that for several weeks, there has been an increase in xenophobic […]

Business

FG unveils AfCFTA toolkits to streamline trade processes

The Federal Government has unveiled simplified guidebooks and toolkits to strengthen Nigeria’s engagement in the African Continental Free Trade Area streamline trade processes, and drive non-oil export growth. Published in English, Arabic, and Hausa, the materials are intended to deepen inclusivity and equip Nigerian businesses to tap into opportunities across the continental market. The Minister […]

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