FG
Offshore blocks: FG strikes $10m mega deal with TotalEnergies, Sapetro
In a landmark development for Nigeria’s energy sector, the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has signed a $10 million Production Sharing Contract (PSC) with TotalEnergies and South Atlantic Petroleum (Sapetro) for two offshore blocks in the Niger Delta Basin. The agreement covers Petroleum Prospecting Licences (PPLs) 2000 and 2001, awarded […]
FG to Boost Drug Supply to Underserved Regions – ICRC D-G
Dr Jobson Ewalefoh, the Director-General (D-G) , Infrastructure Concession Regulatory Commission (ICRC), has applauded the approval of the MEDIPOOL project as a major breakthrough towards addressing drug access in Nigeria’s most underserved regions. This is contained in a statement issued by Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC in Abuja on Sunday,. The News […]
Power Sector Gets Major Boost
The Federal Government of Nigeria has made significant strides in boosting the country’s power generation capacity. It has added 2,000 megawatts (MW) to the national grid over the past two years. The Minister of Power announced this milestone. He attributed the success to the government’s concerted efforts to reform the power sector. The Federal Government […]
FG Cracks Down on Dormant Oil Blocks
The Federal Government of Nigeria has issued a stern warning to operators. It threatens to revoke their licences if they fail to meet the required production targets. This move is part of the government’s efforts to boost oil production, increase revenue, and stimulate economic growth. Nigeria’s oil and gas sector has faced the issue of […]
Border Security: FG Takes Action ad NIS Detains 51 Illegal Immigrants
In a bid to strengthen border security and prevent illegal migration, the Federal Government of Nigeria has vowed to tighten its borders following the arrest of 51 illegal immigrants by the Nigeria Immigration Service (NIS). The arrest was made possible through a combined effort of the NIS and other security agencies, who have been working […]
Nigeria’s Expatriate Quota Policy Under Review
The Federal Government of Nigeria has reaffirmed its commitment to protecting Nigerian workers’ interests by reviewing the expatriate quota policy. This move comes after allegations of irregularities in the oil sector, where qualified Nigerian professionals were reportedly overlooked in favor of expatriates. The expatriate quota policy was established to regulate the employment of foreign nationals […]
FG Commits to Completing Sokoto-Zaria Road
The Federal Government of Nigeria has reaffirmed its commitment to completing the 750km Sokoto-Gusau-Funtua-Zaria road project. The Minister of State for Works, Mr. Bello Goronyo, made this promise during an inspection tour of the ongoing project in Sokoto and Zamfara states The Sokoto-Gusau-Funtua-Zaria road project is a critical infrastructure development initiative aimed at improving transportation […]
Nigeria Loses $577.6m as FG Waives Road Tax Credit for NNPCL
The Federal Government has forgone a staggering $577.6 million in tax revenue under the Road Infrastructure Tax Credit Scheme to the Nigerian National Petroleum Company Limited (NNPCL) from February to December 2024. This development has sparked concerns about the long-term implications of such revenue forfeitures, especially as the country grapples with economic pressures. The Road […]
FG, NNPCL Work Out Modalities for #7.7tn Fuel Subsidy Debt Payment
The Federal Government of Nigeria and the Nigerian National Petroleum Company Limited (NNPCL) have agreed on a plan to settle the N7.74 trillion fuel subsidy debt owed to the NNPCL. This amount represents the cost of maintaining a specific price range in the retail market despite acquiring the product at a higher rate between June […]
FG Announces #220m Grant for Exceptional MSMEs in Nigeria
The Federal Government of Nigeria has announced plans to reward innovative and resilient entrepreneurs who have excelled in their endeavors with prizes worth over N220 million. This initiative is part of the government’s efforts to recognize and support outstanding Micro, Small, and Medium Enterprises (MSMEs) in the country. The Senior Special Assistant to the President […]