FAAC: FG, States, LGs Shared N1.1trn in March   The Federation Account Allocation Committee (FAAC) has shared a total sum of N1123.391 billion as March 2024 federation account revenue to the federal government, states and local government councils. The balance in the Excess Crude Account (ECA) was...

FG Suspends Third-party Agents From NIN Registration The National Identity Management Commission has temporarily suspended Front-End Partners from engaging in the National Identification Number enrolments. This is because the commission is currently carrying out a revalidation exercise of these third-party registration centres. The Director General, NIMC, Abisoye...

FG Plans New Vehicle Safety Policy to Avoid Road Accidents The Federal Government has revealed plans to introduce a new policy in the transport sector in order to enhance full compliance in the use of vehicle safety kits by motorists. The Minister of Transportation, Saidu Alkali,...

FG Begins Probe as TCN Disconnects Ajaokuta Over N33bn Electricity Debt The Federal Government on Thursday said it would investigate how the non-functioning Ajaokuta Steel Company Limited accrued N33bn in electricity debt which prompted the Transmission Company of Nigeria to disconnect the company from the...

FG Approves Max Air, Air Peace for 2024 Hajj Operations The Federal Government has officially granted approval to three airlines to serve as exclusive carriers for the 2024 pilgrimage to the Kingdom of Saudi Arabia. The airlines according to a statement by the Commission's Assistant Director...

Nigerian Power Firms Need $2.5bn New Capital - FG Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents. Power companies in Nigeria are over-leveraged and...