The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking financial performance for the 2025 fiscal year, posting a Core Total Comprehensive Income of ₦478.8 billion, the highest since its establishment. The figures were unveiled on Thursday, 2nd April 2026, during the Authority’s 2025 Earnings Presentation and Media Parley held in Abuja, where top management …
The Federal Government has advanced Nigeria’s next-generation satellite programme into the execution stage, with NIGCOMSAT-2A and NIGCOMSAT-2B slated for launch in 2028 and 2029 to strengthen connectivity, national security and digital economic growth. Managing Director of NIGCOMSAT Limited, Mrs Jane Nkechi Egerton-Idehen, disclosed this during the opening of the Satellite Week 2026 in Abuja. She …
The Federal Government has rolled out Lenacapavir, a long-acting HIV prevention injection, as part of efforts to curb new infections nationwide. The Coordinating Minister of Health and Social Welfare, Mr Ali Pate, announced the rollout in Abuja on Friday, describing the drug as a major breakthrough in HIV prevention. Lenacapavir, administered less frequently than daily …
The Federal Government has defended the dismissal of some senior officials of the Nigerian Correctional Service (NCoS). It said the action reflects its zero tolerance for corruption and abuse of office. Minister of Interior, Olubunmi Tunji-Ojo, explained that investigations found the officers guilty of misconduct. According to him, they breached ethical standards expected of public …
The Federal Government (FG) has defended its £746 million ports upgrade deal with the United Kingdom, saying the agreement will deliver strong economic gains for Nigeria. The deal, worth about $997 million, is to upgrade Apapa Port and Tin Can Island Port. These ports handle about 70 per cent of Nigeria’s trade. The Federal Ministry …
The protracted electricity metering crisis in Nigeria has taken a fresh turn with an ongoing standoff between the Federal Government and Electricity Distribution Companies (DisCos). This friction over meter installation has left millions of unmetered consumers trapped in a cycle of "arbitrary" estimated billing. The $500 Million Metering Dispute At the heart of the dispute …
The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
The Federal Government has approved the digitisation of Nigeria’s fish import licensing process. The aim is to improve transparency, strengthen oversight, and boost domestic fish production. Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, directed the Department of Fisheries and Aquaculture to fast-track the new digital licensing platform. The reform supports President Bola Ahmed …
The Federal Government says it could save about ₦5.06 trillion annually by cutting down on the importation of defence equipment, as it steps up efforts to promote local manufacturing in the sector. The Minister of State for Defence, Bello Mohamed Matawalle, disclosed this on Thursday in Abuja during the unveiling of the X-Shield Light Tactical …
The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
