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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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US confirms visa bans on Nigeria’s religious freedom violators

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Hundreds of passengers stranded as Lufthansa pilot diverts Lagos-bound flight

Pilots fear retaliation for refusing Middle East flights

Aviation
OpenAI employees consider selling $6bn stock

OpenAI unveils $100 ChatGPT subscription plan amid rising demand

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Tag: FG

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Court acquits ill Binance executive of money laundering charges

The Federal High Court in Abuja has in a significant ruling, discharged Tigran Gambayran, a senior executive at Binance, from money laundering charges brought by the Economic and Financial Crimes Commission. The decision made by Justice Emeka Nwite on Wednesday, was based on health considerations supported by the EFCC. This development marks a notable moment […]

Price of of cooking gas rose by 13.75% in May 2024
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FG halts cooking gas exports amid rising prices

The Federal Government has announced a suspension of exports of locally produced Liquefied Petroleum Gas, commonly known as cooking gas, to prioritize domestic supply. The measure, set to take effect on November 1, 2024, aims to address the escalating gas prices in Nigeria. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, confirmed the decision […]

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FG approves divestment of four international oil companies

The federal government has sanctioned the divestment of four international oil companies, as announced by the CEO of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe. Komolafe made this disclosure on Wednesday during the commission’s launch of the project 1 million barrels of oil per day initiative. He stated that the commission has received applications […]

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FG launches export skills centre, eyes $422m fashion e-commerce market

The Federal Government has officially launched the Export Skills Acquisition Centre in Apapa, Lagos, with the goal of tapping into Nigeria’s burgeoning fashion e-commerce market, projected to reach $422.8 million by 2024. The initiative, spearheaded by the Nigerian Export Promotion Council, aims to enhance non-oil exports and strengthen Nigeria’s position in global markets. Minister of […]

Minister threatens to revoke Kogi-Benin Road contracts
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FG warns of contract cancellation as Julius Berger raises costs

The federal government announced plans to cancel Julius Berger’s N740 billion segment of the Abuja-Kaduna highway contract due to the company’s repeated increases in the contract value, now demanding N903 billion. This decision follows nearly six years since the contract was awarded, during which parts of the highway have become challenging for travelers, raising concerns […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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Nigeria secures $119m Swedish investment for tech hubs, MSMEs

The Nigerian government has secured approximately $119 million in investments for tech hubs and micro, small, and medium enterprises from Gluwa, a digital wallet service, and Ericsson. This was disclosed in a press release by the Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha on October Thursday. The presidency noted that […]

News

FG begins nationwide distribution of free CNG tricycles

The Federal Government launched the distribution of free Compressed Natural Gas tricycles on Thursday to cooperatives nationwide. This initiative, part of the Presidential Natural Gas Initiative, was kicked off in collaboration with the Federal Ministry of Labour and Employment at the Win-Win Industrial Park near the Sagamu Interchange in Ogun State, according to The Punch. […]

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ICYMI: Nigeria exits global aviation blacklist, hits 75% rating

Nigeria has successfully exited the Aviation Working Group watchlist after achieving a 75.5% compliance score on the Cape Town Convention Compliance Index. This development unlocks significant opportunities for the country’s aviation sector, enhancing its attractiveness for investment and fostering growth. This was disclosed in a press release signed by the Special Adviser to the Honourable […]

NERC approves N21bn for free meters to Nigerians
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Replace phased-out meters, FG orders DisCos

The Federal Government has mandated that electricity distribution companies must replace meters that are phased out due to upgrades. This declaration was made by the Nigerian Electricity Regulatory Commission which clarified that while there is no directive to phase out Unistar meters, these meters will soon become inoperable due to technological upgrades, preventing users from […]

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Fuel hike: FG, Labour agree to cut transport fares, food prices

The Federal Government and Organised Labour reached an agreement yesterday on measures to reduce transport fares and the prices of essential commodities, particularly foodstuffs. This development coincided with a call from the House of Representatives for the government to reverse the recent petrol price hike and implement immediate measures to stabilize petrol and cooking gas […]

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Fuel hike: Reps warns against unrest as FG, labour talks stall

The House of Representatives warned on Wednesday that the recent rise in fuel pump prices could lead to social unrest. This caution follows a meeting between the Federal Government and labour leaders that ended in a stalemate regarding the petrol price hike, according to The Punch. Last week, NNPC retail outlets increased petrol prices to […]

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FG unveils tax payment in instalments

The Federal Government has introduced a new tax payment option that allows individuals to pay their taxes in installments. This proposal is included in the Nigeria Tax Bill 2024, which was recently submitted to the National Assembly for consideration and approval. Under this new provision, taxpayers will have the flexibility to meet their tax obligations […]

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