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MAN urges FG to guarantee steady crude supply

  • 10th May 2026

Crude supply to local refineries hits 58.8m barrels

  • 10th May 2026

17 Americans, others evacuated from cruise ship after

  • 9th May 2026
FG targets 6500 megawatts power generation in six months

Lagos grants 14 licences to boost power supply

  • 9th May 2026

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MAN urges FG to guarantee steady crude supply for

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US crude imports from Nigeria fall 15% in Q1

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Crude supply to local refineries hits 58.8m barrels

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Business

FG to earn $5bn annually from carbon credits – Greenplinth Africa

The Federal Government is expected to generate up to $5bn yearly from carbon credit revenues linked to the 80 Million Clean Cookstoves Project, a major climate and energy initiative being executed by Greenplinth Africa Limited. The projection was revealed by the company’s Group Chief Financial Officer, Babatunde Aina, during a media chat and stakeholders’ engagement […]

FG targets 1,268MW from new hydropower plants
Energy

FG hands over 6MW Ikere Gorge hydropower plant to private firm

The Federal Government handed over the six megawatt Ikere Gorge hydropower plant in Iseyin, Oyo State, to Messrs. Quaint Power and Infrastructure Nigeria Limited over the weekend. The handover was executed under a Public-Private Partnership concession arrangement aimed at boosting power supply. This development was announced in a statement signed by Terhemen Oraduen, Personal Assistant […]

Business

FG approves two new satellites to boost digital infrastructure

The Federal Government has approved the acquisition of two new communication satellites to strengthen Nigeria’s digital infrastructure and support President Bola Tinubu’s vision of a $1 trillion economy. Minister of Communications and Digital Economy, Mr. Bosun Tijani, announced this on Wednesday in Abuja during a press briefing marking Global Privacy Day 2026, hosted by the […]

Economy

FG approves two new satellites for $1tn economy goal

The Federal Government has approved the purchase of two new communication satellites. This move aims to boost Nigeria’s digital infrastructure and support President Bola Tinubu’s plan to grow the economy to $1tn. The Minister of Communications and Digital Economy, Mr Bosun Tijani, disclosed this on Wednesday in Abuja. He spoke at a press conference to […]

Business

FG hits full subscription for first power sector bond

The Federal Government has achieved full subscription for its N501 billion maiden power sector bond under the Presidential Power Sector Debt Reduction Programme, reflecting strong investor confidence in ongoing electricity market reforms. This was disclosed on Tuesday by the Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, via X (formerly Twitter). Proceeds […]

Business

FG forms committee to restore Aluminium Smelter Company operations

The federal government has inaugurated an 11-member project delivery committee in a renewed effort to revive the Aluminium Smelter Company of Nigeria and restore it to full operational capacity in the near future. The committee includes three representatives from ALSCON, two from the Niger Delta Power Holding Company, two from the Transmission Company of Nigeria, […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity featured

FG issues ₦501bn bond to settle power sector debts

The Federal Government has moved to address Nigeria’s estimated N4 trillion power sector debt as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme following the issuance of a N501 billion bond. The bond recorded 100 per cent subscription when it was issued in Lagos on Tuesday, drawing participation […]

News

Contractors reject FG claim of ₦152bn payment

The All-Indigenous Contractors Association of Nigeria has rejected claims that its members have received ₦152 billion from the Federal Government, describing the assertion as false, misleading and deliberately crafted to misinform the Nigerian public. The association said the claim poses a serious threat to ongoing reconciliation efforts between contractors and the government, while also eroding […]

Aviation

Court hands over aircraft to FG over unpaid Customs duties

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation and forfeiture of a Bombardier BD-700 Global 6000 aircraft with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal Government of Nigeria. The court delivered the judgement on January 22 in suit number FHC/ABJ/CS/1085/2025 […]

Business

FG allots ₦1.54tn in January 2026 bond auction

The Federal Government allocated a total of ₦1.54 trillion at its January 2026 bond auction, reflecting continued investor confidence in government securities despite a high-interest-rate environment. The Debt Management Office reported that the auction, held on January 26, involved the reopening of three existing bonds, with total allotments well above the initial offer. DMO had […]

Aviation

FG allocates N580m for airport chillers, software upgrades

The Federal Government has earmarked N580 million for the purchase of chillers and software upgrades at airports as part of the N87.3 billion allocation for the aviation sector in the proposed 2026 budget. Although the specific software was not named, the budget document indicated that N500 million would be used to procure chillers for the […]

Business

Nigeria eyes Africa’s second-largest cloves production with 74,000 farmers

Nigeria is poised to become Africa’s second-largest commercial producer of cloves, with 74,000 farmers gearing up to participate in the country’s first-ever nationwide cloves farming initiative ahead of the 2026 wet season. The National Coordinator of the Cloves Producers Association, Malam Abdullahi Shuaibu, made this disclosure during the North-West Farmers Training Workshop held at Ahmadu […]

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