FG Funds 2024 Capital Projects with 2025 Revenue – DG Budget The Director-General of the Budget Office of the Federation, Dr. Tanimu Yakubu, said the federal government is funding the capital component of the 2024 budget using revenue accrued under the 2025 budget. Yakubu stated this...

Trust Issues, High Fees Keep 25% of Nigerians Unbanked, Says World Bank The World Bank says twenty-five per cent of Nigerians without bank accounts have highlighted trust issues and high charges as barriers to their involvement in the formal financial system This was indicated in the...

FG Moves to Revive Moribund Steel Firms, Cut Imports The Federal Government has indicated plans to revive all moribund steel companies in the country, more than two decades after a failed privatisation drive left once-thriving plants across Nigeria in ruins. It stated that the resuscitation of...

Dangote Petroleum Refinery and Petrochemical Limited has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS) by N30.

NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of Sugar Annually   The National Sugar Development Council (NSDC) has signed agreements with four operators to develop greenfield sugar projects that will collectively produce 400,000 tones annually, marking the latest phase in an ambitious campaign...

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), raked in N5.21tn from the sale of crude oil.