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Only 6% of Nigerians access formal credit despite

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FG approves ₦21.2m Ebola preparedness funds

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Only 18% of Nigerian retailers can access formal loans

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FG seeks regulations for e-commerce platforms in Nigeria

Federal government intends to create regulations for e-commerce platforms and provide cyber insurance to enhance security in the digital economy. This was revealed in the National Digital Economy and E-Governance Bill currently before the National Assembly, according to The Punch. To increase security in electronic trade, the National Insurance Commission is required by law to […]

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
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FG to maximise benefits of AfCFTA for Nigerian businesses

The Federal Government has stated that it will ensure that Nigerian Nigerian companies take full advantage of the African Continental Free Trade Area. This was disclosed by President Bola Tinubu on Tuesday while speaking at the launching ceremony of the Guided Trade Initiative under the African Continental Free Trade Area in Lagos, according to The […]

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FG considers N10 sugar tax suspension

The federal government is currently considering a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) to stabilise the economy. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun during a meeting with the members of the National Action on Sugar Reduction (NASR) according to […]

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Tinubu appoints Walson-Jack as head of service

President Bola Tinubu has appointed Mrs. Didi Esther Walson-Jack, OON, as Head of the Civil Service of the Federation, effective, August 14, 2024 This was disclosed by the Special Adviser to the President, Ajuri Ngelale via his Facebook page on Wednesday. She will replace Dr. Folasade Yemi-Esan, CFR, who retires on August 13, 2024. The […]

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FG targets $1tn economy boost, unveils public sector governance guidelines

The Federal Government has launched new guidelines for corporate governance in the public sector, aimed at moving the country towards a $1 trillion economy by 2026. The guidelines were announced by Financial Reporting Council Executive Secretary Dr Rabiu Olowo and Chief Executive of the Ministry of Finance Incorporated, Dr Armstrong Takang, at a press briefing […]

FG deducts N256.5bn for gas projects in six months
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FG grant $21m contract to meter 187 oil stations

The Federal Executive Council announced the award of a $21 million contract for the metering of 187 crude oil flow stations throughout Nigeria in order to accurately account for the country’s production and exports. It further reported that the council awarded another contract for the deployment of software that would allow the government to track […]

News Oil and Gas

FG, IOCs agree on crude oil supply to local refineries

The federal government, through the Nigeria Upstream Petroleum Regulatory Commission has secured an agreement with producers to allow the sale of crude oil to local refiners at market prices. This deal marks the conclusion of a supply issue that has strained relations with international oil companies, according to Nairametric. The Nigerian Upstream Petroleum Regulatory Commission […]

FG deducts N256.5bn for gas projects in six months
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FEC endorse procuring 2000 tractors, others to boost food production 

The Federal Executive Council has approved 2,000 tractors, 4,000 disc ploughs, and 1,200 tractor trailers, among other items, for the National Agricultural Mechanization Programme to increase food security in Nigeria. This was disclosed in a statement shared on Wednesday by the Special Adviser on Information and Strategy to the president via his X handle, outlining […]

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USAID, FG partner to reform Nigeria’s power sector

The US Agency for International Development and Nigeria’s Federal Ministry of Power signed a memorandum of understanding to ensure the country’s commitment to power sector reforms, market transparency, liquidity, and expanding access to affordable power. The Director of USAID/Nigeria Mission, Melissa Jones and the Permanent Secretary of the Federal Ministry of Power, Mahmuda Mamman signed […]

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FG halts food imports duty, partners states on farming

The federal government on Monday announced a 150-day duty-free import window for food items, stepping up attempts to combat increasing inflation, which has impoverished many Nigerians. This was disclosed by the Minister of Agriculture, Abubakar Kyari during a press conference held in Abuja on Monday, according to The PUNCH. The Tinubu-led administration also announced its […]

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