In August 2023, the Federation Account Allocation Committee (FAAC) distributed a total of N1.80 trillion to the three tiers of government. This amount was derived from the revenue generated in July 2023. However, it represented a slight decrease compared to…
By Sodiq Adelakun The federal government is set to implement new regulations in the forex market with the goal of strengthening the value of the naira and curbing illegal currency trading, according to a Bloomberg report quoting a senior government…
Just a few days ago the Federal Executive Council (FEC) proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the National Assembly. The Minister of Planning and Budget, Atiku Bagudu stated that the Council…
The Federal Government of Nigeria has revealed plans to recapitalise DisCos in the country to boost power supply across the country. President Bola Tinubu made this position known at the Nigerian Electricity Supply Industry (NESI) Market Participants and Stakeholders Round…
The Federal Government in line with its commitment to counter terrorism and insecurity in the country has met with the Turkish Aerospace Industry in Turkey. Minister of Defence, Alhaji Mohammed Badaru and the Chief of Air Staff, Air Marshal Hassan Abubakar…
…Over 1m CNG vehicles to be delivered by 2027 The Federal Government has revealed that it is targeting the creation of over 50,000 jobs and investment worth $2 billion from the Compressed natural gas (CNG) initiative. The program director, Presidential…
As Nigeria suffers from dwindling revenue with the Government gradually becoming handicapped to fund critical capital projects to propel economic growth, the submissions before the Government for rescue out of the entanglements have been forthcoming in line with the pressing…
The Minister of Information and National Orientation, Alhaji Mohammed Idris, has called on broadcasters, producers and Content Creators across Africa to explore business opportunities, find ways to overcome challenges in the sector. Idris made the call while declaring open the…
The Federation Account Allocation Committee (FAAC), at its meeting chaired by the Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun shared a total sum of N903.480 billion to the three tiers of government as Federation Allocation…
The Permanent Secretary of the Ministry of Petroleum Resources, Mr Gabriel Aduda has said the ministry plans to review the implementation of the Petroleum Industry Act (PIA). This, he said, would be with stakeholders in the upstream and downstream sector,…
