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FG intervenes in gas supply crisis amid N2.7tn debt

Power generation in Nigeria reached a peak of 3,624.34 MW on Thursday after engineers from the Transmission Company of Nigeria restored the national grid, which had collapsed the previous day. It was also reported that the Federal Government stepped in to address the issue of gas supply to generation companies, as gas suppliers had halted […]

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FG threatens demolition of illegal structures on Lagos shoreline

The Federal Government has issued a warning to developers along the Lagos shoreline to regularize their projects or risk revocation and potential demolition. This disclosed in a statement by the Director of Press and Public Relations at the Ministry of Housing and Urban Development, Salisu Haiba, on Thursday. The ultimatum was issued by the Minister […]

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Nigeria’s oil production hits 1.7mbpd – FG

The Federal Government announced that Nigeria’s oil production, including condensates, rose by 9.9% to 1.69 million barrels per day in November 2024, up from 1.538 mbpd in October 2024. Data from the Nigerian Upstream Petroleum Regulatory Commission shows that liquid crude oil production rose by 11.42% to 1.48 mbpd in November 2024, up from 1.33 […]

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FG targets 150MW boost to national grid by year-end – Minister

The Federal Government of Nigeria has announced plans to increase the country’s electricity supply by an additional 150 megawatts before the end of 2024. The Minister of Power, Adebayo Adelabu, made this disclosure on Wednesday after a business session at the State House during the state visit of the German President, Frank-Walter Steinmeier, to President […]

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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 […]

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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 […]

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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 […]

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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 […]

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