FG Fixes Price For Gas Flaring In NGFCP The federal government has disclosed that third-party investors in its new flare gas programme – the Nigeria Gas Flare Commercialisation Programme (NGFCP) would be given every one thousand standard cubic square feet of gas (scf) at $0.25...

FG Launches New Mining Exploration Site In Suleja The federal government has officially launched a new mining exploration site in Kuchiko camp in Suleja, Niger State. The move, government hinted, was aimed at addressing the lack of verifiable bankable data which is one of the key...

FG Explores Cheaper Options After Spending N722bn On Port Dredging The Federal Government has concluded plans to utilise more cost-effective options for the management of its seaport channels, after spending N722bn on dredging through a joint venture arrangement. The Nigerian Ports Authority has concluded plans to...

Expert Worry As 211 Nigerian Oil Blocks Remain Idle More than 50 per cent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues to hover around two million barrels per day while gas shortages persist in the country over the...

FG Plans N200bn Intervention Funds For Oil Palm, Others   The Federal Government plans to give N200bn intervention funds to boost the production of oil palm, cocoa, sesame seed, shea and cashew, through the Central Bank of Nigeria. This was disclosed during a press conference, after the...

FG‘ll Revert To Jan-Dec Budget Cycle In 2020, Says Udoma The Federal Government will revert to the January to December budget cycle, beginning with the 2020 national budget. The Minister of Budget and National Planning, Udoma Udo Udoma, stated this in Abuja when he defended his...