The Federal Government recorded a revenue shortfall of N13.33billion from gas flaring penalties issued against oil and gas firms in January and February 2023. It was earlier reported that the Federal Government would impose $49million (N22billion) fine on oil and…
The Federal Government has inaugurated a Technical Working Committee (TWC) to drive the implementation of the National Data Strategy (NDS). The committee which was inaugurated by the Ministry of Communications and Digital Economy forms part of the measures towards strengthening the nation’s…
…Kicks against spending savings on palliatives …As firm guides investors on investment opportunities for huge returns in period of reforms By Ibiyemi Mathew Afrinvest West Africa Limited has predicted that the Federal Government of Nigeria will save N2trillion as a…
By Seun Ibiyemi The Federal Government on Tuesday, reiterated its commitment to the development of Electric Vehicles (EVs) in the country. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige said this in Abuja during the Validation…
The Senate had last week Thursday approved the request of President Bola Tinubu to borrow $800m loan from the World Bank. It also amended the 2022 Supplementary Appropriation Act to accommodate the provision for N500billion for palliatives to mitigate the…
The Organised Private sector has urged the Federal Government to formulate an export policy that would boast economic growth in the non-oil sector. The Director-General, Manufacturing Association of Nigeria (MAN), Mr Segun Kadir made the call at the closing of…
By Matthew Denis The Federal Government through the Debt Management Office (DMO) has redeemed a total of $500 million Eurobond on its due date on July 12, 2023. This was contained in a statement made available to Nigerian NewsDirect on Wednesday. The…
The Lagos Chambers of Commerce and Industry (LCCI) has called on the Federal Government to halt over $5 billion paid as freight to foreign ship owners. In a letter addressed to President Bola Ahmed Tinubu, the President of the Chamber, Dr. Michael…
By Seun Ibiyemi The House of Representatives has tasked the Federal Government to lift the ban on the sale of fuel in border communities, following the removal of fuel subsidy. This followed the adoption of a motion by Rep. Adegboyega…
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has commended the deregulation of the petroleum downstream sector and the unification of foreign exchange rates by the Federal Government. The Chief Executive Officer of Ardova…
