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Nigeria’s record FX turnover may mask liquidity risks, AERE

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Naira depreciates further to ₦1,407/$ in parallel FX market

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Tag: FG

Pensioners lament FG’s decision to scrap PTAD
Business

PTAD completes final payment of N32,000 pension increment arrears

The Pension Transitional Arrangement Directorate has announced that it has disbursed the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme. This was contained in a statement released on Monday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi. According to the agency, the payment completes all outstanding […]

Business

Minister pledges collaborative approach to tackle housing deficit

The newly appointed Minister of Housing and Urban Development, Muttaqha Darma, has pledged to embrace a collaborative leadership style to tackle Nigeria’s housing deficit and enhance affordability nationwide. Speaking during the handover ceremony in Abuja on Monday evening, Darma said his administration would work closely with key stakeholders in the sector to deliver on its […]

Finance

FG borrowed ₦2.69tn from bond market in Q1 2026 — DMO

The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office auction results has shown. Data from the DMO for January, February, and March 2026 indicated that the total was […]

Food

FG to cut post-harvest losses by 10%, tackle hunger

The Federal Government has said that if the country can reduce post-harvest loss of farm produce by just 10 per cent, it will drive food availability. The government highlighted the alarming rate of agricultural produce wastage in Nigeria, with farmers losing up to 70 per cent of their harvest due to inadequate storage and poor […]

Aviation

FG to waive airlines’ debts over Jet A1 fuel crisis

The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of efforts to cushion the impact of the ongoing Jet A1 fuel crisis. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this during a high-level meeting in Abuja on Wednesday convened to address the sharp […]

FAAC funds to FG, states hit 7-year high in 2023
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FAAC shares ₦2.04tn March revenue across FG, states, LGs

The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn distributed in February, amid stronger statutory inflows. The disclosure was contained in a statement issued on Wednesday by the Office of the Accountant-General of the Federation and signed by its Director of Press […]

Finance

FG targets ₦700bn in April domestic bond auction

The Federal Government plans to raise N700bn from the domestic bond market in April 2026, extending a gradual reduction in offer size as it continues to navigate elevated borrowing costs. Details from the April 2026 Federal Government of Nigeria Bond Offer Circular issued by the Debt Management Office showed that the auction is scheduled for […]

Coat of Arm
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FG unveils new help desk for civil servants’ welfare

The Federal Government has taken a decisive step to address long-standing challenges in Nigeria’s public service welfare system by unveiling a new Employees’ Compensation Scheme Help Desk designed to eliminate bureaucratic delays and restore dignity to civil servants seeking their entitlements. For decades, Nigeria’s public service welfare architecture has carried a quiet but persistent burden. […]

Business

FG borrows N100bn from unclaimed dividends

The Federal Government has recorded a N100bn borrowing from unclaimed dividends and dormant bank accounts, according to new data from the Debt Management Office, which shows that funds held under the Unclaimed Funds Trust Fund have been converted into government securities. The latest figures from the DMO’s domestic debt stock report indicate that “UFTF FGN […]

Loan apps: FCCPC to address rising debt with new policy
Policy and Regulations

FG probes ‘sharp sharp’ loan operators over customers privacy data breach

The Federal Government says it is investigating the activities of some ‘sharp sharp’ loan operators over alleged violation of data privacy of customers. The National Commissioner, Nigeria Data Protection Commission, Mr Vincent Olatunji, said this in an interview with the News Agency of Nigeria on Tuesday. NAN reports that ‘Sharp Sharp’ loan operators, also known […]

Electricity

FG pays ₦418.79bn power subsidy as sector losses exceed ₦300bn

The Nigerian Electricity Regulatory Commission has disclosed that the Federal Government incurred a subsidy obligation of N418.79bn in the fourth quarter of 2025, even as inefficiencies across the electricity value chain led to losses exceeding N300bn during the period. The PUNCH reported that this was contained in the commission’s 2025 fourth-quarter report, which also highlighted […]

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