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FG concedes Tincan water system to Sandust for N11bn

The Federal Government, through the Nigerian Ports Authority has officially handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited under a 16-year concession agreement valued at N11 billion. The NPA announced that the concessionaire will spend the remainder of this year on rebuilding and rehabilitating the facility, with the agreement […]

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EFCC disputes health claims of detained Binance executive

The Economic and Financial Crimes Commission has disputed health concerns raised by the family and legal team of Tigran Gambaryan, a detained Binance executive facing money laundering charges in Nigeria. On September 2, 2024, in the Federal High Court in Abuja, EFCC lead counsel Ekene Iheanacho informed Justice Emeka Nwite that Gambaryan’s reported health issues […]

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FG to engage external auditors for NNPC subsidy claim verification 

The Federal Government has initiated the process of hiring an external auditor to verify the N2.7 trillion fuel subsidy claim made by the Nigerian National Petroleum Company Limited. This move, aimed at determining the actual amount owed by the government, follows a proposal made five months ago during the April 2024 Federation Allocation Accounts Committee […]

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FG, states secure N100bn for electricity meter procurement 

The Federal Government, in collaboration with state governments, has raised N100 billion to procure prepaid electricity meters under the Presidential Meter Initiative. This was disclosed by the Minister of Power, Adebayo Adelabu while addressing broadcasters in Ibadan, the Oyo State, according to The Punch. Adelabu emphasized that the initiative is part of the broader efforts […]

150,000 Nigerians got FG's N50k grant - Minister
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FG appoints 23 managers for $10bn Nigeria Global Investment Fund 

The Federal Government of Nigeria has appointed 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund, a key initiative designed to channel both international and local capital into critical sectors of the economy. In the presentation documents, the NGIF will target investments in agriculture, manufacturing, energy, infrastructure, and fintech, according to Nairametrics. […]

Average price of 12.5kg cooking gas hits N16,500 in south south states
News Oil and Gas

FG vows to tackle rising cost of cooking gas

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will take all necessary measures to address the escalating cost of Liquefied Petroleum Gas, commonly known as cooking gas. This was disclosed by the Minister during the Decade of Gas Initiative’s event, which marked the distribution of gas cylinders […]

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FG to support flood victims with N3bn nationwide

The Federal Government has unveiled plans to allocate N3 billion to all states to help mitigate the effects of the recent flood disaster. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a press briefing at the Government House in Birnin Kebbi on Sunday, following his […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG plans maternal mortality action fund with $500m W’Bank loan

Nigeria is preparing to launch the Maternal Mortality Action Fund as part of ongoing negotiations for a $500 million loan from the World Bank. The initiative is part of the broader Nigeria: Primary Healthcare Provision Strengthening Program. In the Stakeholder Engagement Plan, the country anticipates World Bank approval for the loan next month. The $65 […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
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Tinubu approves N10bn grant to enhance digital broadcasting

President Bola Tinubu has approved a N10 billion grant for the National Broadcasting Commission to advance Nigeria’s transition from analogue to digital broadcasting. This significant funding aims to expedite the Digital Switch-Over project, which will enhance television programming, broaden nationwide access to TV services, and allocate valuable spectrum for other technological uses. This was disclosed […]

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FG suspends mining in Niger over bandits attack

The federal government has suspended all mining activities in Unguwar Magro Village, Niger State, following the recent murder of 12 miners by bandits. The Minister of Solid Minerals Development, Dr Dele Alake announced the suspension via a statement on his official X handle, in response to reports of foreign nationals allegedly funding illegal mining operations […]

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FG boosts power supply with new plants at six universities

The Federal Government, through the Rural Electrification Agency has installed power plants at six federal universities to bolster reliable power supply in crucial sectors. The institutions benefiting from this upgrade include the University of Abuja, University of Maiduguri, Michael Okpara University of Agriculture in Umudike, Federal University Gashua in Yobe, Federal University of Agriculture in […]

FG plans major fiber-optic cable expansion across Nigeria
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FG plans major fiber-optic cable expansion across Nigeria

The Federal Government is gearing up for a major infrastructure boost, with plans to deploy 90,000 kilometers of fiber-optic cable across Nigeria within the next six months. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced this ambitious project while detailing recent achievements of the Ministry. This extensive deployment aims to significantly enhance […]

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