The Federal Government says Nigeria could save over ₦3 trillion annually in foreign exchange by blending bioethanol with Premium Motor Spirit (PMS). The initiative is designed to reduce the country’s reliance on imported fuel while strengthening domestic agriculture and industry. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the plan at a …
The Debt Management Office (DMO) has revealed plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds at its January 2026 bond auction. The auction is scheduled for January 26, 2026, with settlement expected on January 28, 2026, DMO stated in a circular released on Monday. The offer spans …
The Federal Government and the Academic Staff Union of Universities (ASUU) have reached an agreement on a 40 per cent salary increase and better academic allowances for university lecturers. The agreement was signed during a formal ceremony attended by government officials and ASUU leaders. As a result, lecturers can now expect improved welfare and incentives …
The Federal Government has hired a United States-based lobbying firm, DCI Group, in a $9 million contract to help communicate its efforts at protecting Christian communities in Nigeria to the US government. The contract was executed through Aster Legal, a Kaduna-based law firm, on behalf of the National Security Adviser, Nuhu Ribadu. Documents filed with …
The Federal Government has dismissed reports that Nigerian scholarship students in Morocco were abandoned. The government described the claims as misleading and intended to misinform the public. Earlier, activist Martins Otse, also known as VeryDarkMan, posted a video on X (formerly Twitter) showing Nigerian students in Morocco claiming they had not received financial support for …
The Federal Government has declared Nigeria fully ready to trade under the preferential terms of the African Continental Free Trade Area (AfCFTA) Agreement. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the country has met all key requirements under the agreement. She confirmed that Nigeria has gazetted the legal instruments covering trade in …
Renowned economist and Chief Executive Officer of Economic Associates, Ayo Teriba, has said the Federal Government can generate more revenue by optimising its assets rather than selling them. He said the government could unlock value from assets such as real estate, oil and gas, and the energy sector by listing them on the capital market …
Former Ekiti State Governor, Ayodele Fayose, has released documents he claims show that Oyo State Governor, Seyi Makinde, received N50 billion from the Federal Government under President Bola Tinubu. Fayose said the funds were approved as emergency intervention following the deadly explosion that rocked Ibadan in January 2024. The former governor made the documents public …
The Federal Government expects to generate about ₦150 billion annually from its proposed End-of-Life Vehicle (ELV) policy once it becomes operational. Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, disclosed this during a media parley in Abuja. He said the projected revenue would come from vehicle parts recycling and the …
The Federal Government has formally designated kidnappers and violent armed groups operating across Nigeria as terrorists, signalling a tougher national response to abductions, attacks on farmers and persistent violence in rural communities. The Minister of Information and National Orientation, Mohammed Idris, announced the decision on Monday during the Federal Government’s end-of-year press briefing in Abuja. …
