The Federal Government has dismissed claims that it spent more than ₦8 trillion outside the approved budget, insisting that all public expenditure is authorized under the Constitution and laws passed by the National Assembly. In a statement issued on Sunday, the minister of finance and coordinating minister of the economy, Taiwo Oyedele, said recent public …
The Federal Government has alleged that an embattled mining company, Jupiter Ltd, is planning what it described as a “campaign of calumny” against Nigeria during the forthcoming state visit of President Bola Tinubu to the United Kingdom. The government said the alleged move followed a dispute over revoked mineral licences and was aimed at discrediting …
President Bola Ahmed Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, reinforcing the Federal Government’s push to deepen local processing and strengthen value addition in the agricultural sector. The extension, which takes effect from February 26, 2026, to February 25, 2027, was announced on Wednesday by the …
The Federal Government on Monday, February 23, defended Executive Order 9 (EO9), declaring that the directive is a constitutional enforcement mechanism and not an attempt by the President to usurp the powers of the legislature. It said this in a statement titled 'Executive Order 9: Constitutional Fidelity, Not Executive Overreach,' shared by the Special Adviser, …
The Federal government has said it will undertake a comprehensive review of MTN Group’s $6.2 billion acquisition of IHS Holding Limited. The Minister of Communications, Innovation and Digital Economy, 'Bosun Tijani, disclosed this in a statement on Tuesday. He noted that the assessment would be conducted in collaboration with relevant regulatory authorities to determine its …
The Corporate Accountability and Public Participation Africa (CAPPA) has praised the Federal Government for commissioning Nigeria’s first treatment facility for Polychlorinated Biphenyls (PCBs) in Abuja. CAPPA made this known in a statement on Monday. The facility was established by the Federal Ministry of Environment, in partnership with the Global Environment Facility (GEF) and the United …
The federal government, states, and local government councils have shared a total of ₦1.969 trillion as revenue from the December 2025 Federation Account. The sharing was done at the January 2026 meeting of the Federation Account Allocation Committee (FAAC) in Abuja, according to a statement on Monday by the Director of Press and Public Relations in …
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 …
