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UK cargo ship hit by projectile in Strait

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NSDC, BOI launch ₦10bn fund for sugar projects

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Dangote Refinery slashes petrol price by ₦100 to ₦1,075

Oil and Gas

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Agribusiness

Tag: FG

Logo and the photo of the Central Bank of Nigeria's building
Business

Elections: No plans to shut down bank transactions, CBN insists

The Central Bank of Nigeria has debunked rumours spreading that it plans to shut down bank transactions from February 23 to February 27, 2023 because of the forth coming election. This fake new was confirmed on the verified Instagram account of the apex bank on Wednesday where it advised Nigerians to be “wary of fake […]

A photo power plant station
Business

Mainstream Energy named winner of 700MW Zungeru plant concession

The Federal Government, on Wednesday, announced the winner of the biddings for the concession of the 700 megawatts Zungeru Hydroelectric Power Plant, costing  $70,000,251 annually for a period of 30 years. The preferred bidder happens to be Mainstream Energy Solutions Limited, a 2011 licensed power generating company. The Punch reported that an announcement was also […]

Agribusiness featured

FG partners World bank on six-year livestock project

The Federal Government in collaboration with the World Bank have unveiled a six-year livestock development initiative.   The initiative, which is tagged: ‘Livestock Productivity and Resilience (L-PRES)’, is with the aim of upscaling production and curbing farmers/ herders’ crises.   The Nation reported that the Chief of Staff to the president, Professor Ibrahim Gambari, during […]

News

‘FG committed to creation of Ekiti free trade zone’

The Federal Government has reiterated its commitment to establishing a free trade zone in Nigeria. According to The PUNCH, this was disclosed by the Managing Director of the Nigeria Export Processing Zone Authority, Prof. Adesoji Adesugba, during a courtesy visit to the state governor, Biodun Oyebanji in Ado-Ekiti, the state capital, on Thursday. Adesugba said […]

petrol pump
Oil and Gas

FG empowers NMDPRA to tackle petrol price hike

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb fuel overpricing by marketers.   The Guardian reported that the Authority Chief Executive, Farouk Ahmed, issued this warning in Abuja, on Monday, at a stakeholders’ […]

Ports and Airports

FG approves port workers’ salary increase

The Federal Government has approved salary increment for the staff members of the Nigerian Ports Authority.   The Minister of Transportation, Mu’azu Sambo, said this over the weekend at the long service award organised by the management of the NPA, commending the management of the agency for their commitment to staff welfare.   The Minister […]

Agribusiness

FG gives new rice, other crops to farmers

    Wilson Adekumola   The Federal Government has given new rice and other crop varieties to reinforce its commitment to boost food production in the country. According to the News Agency of Nigeria, the new rice variety known as FAR068 and other crop varieties were released to the committee of farmers during the 31st […]

Naira scarcity: Hardship vital for economy, says finance minister
News

Subsidy: Buhari regime borrowing to import fuel, says minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the Federal Government sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. According to The PUNCH, she stated this on Tuesday on the sidelines of the World Economic Forum in Davos, while speaking during an […]

How more taxes'll reduce debt load - FG
featured News

FG to remove fuel subsidy Q2 2023 – Finance minister

Nigeria’s Minister of Finance, Dr. Zainab Ahmed, has stated that it would be prudent for the Major General Muhammadu Buhari (retd.), led administration to begin phasing out fuel subsidies from the start of the second quarter of 2023. Ahmed stated this during an interview on Arise TV, while attending the ongoing in Davos, Switzerland on […]

FG target Spanish investors for seven oil blocs
Investment

FG target Spanish investors for seven oil blocs

  The Federal Government of Nigeria on Thursday reached out to Spanish investors in an effort to entice them to participate in Nigeria’s 2022 deep offshore mini-bid round. According to The PUNCH, the government also announced that Spain would provide Nigeria with support in the area of oil and gas sector security. During a meeting […]

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