Tinubu announces OPL 245 settlement

….Resolution Set to Unlock Major Deepwater Investment President Bola Ahmed Tinubu has announced the resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, following a settlement agreement between…

FG halts NNPC deductions as executive order 9 takes effect

The Federal Government has commenced implementation of Executive Order 9 of 2026, with a directive stopping key deductions by the NNPC Limited and suspending certain petroleum revenue remittances, in a…

FG directs MDAs to follow procurement Act

Barbara Bako, Abuja. The Federal Government has directed Ministries, Departments and Agencies (MDAs) to strictly comply with the Public Procurement Act in the implementation and payment of the 2025/2026 capital…

FG plots disputed oil, gas wells to resolve ownership claims

Barbara Bako, Abuja. The Federal Government has started plotting the coordinates of disputed and newly drilled oil and gas wells as part of efforts to settle ownership disputes and improve…

FG concessions Enugu airport to boost South-East economy

Barbara Bako, Abuja. The Federal Government has signed a concession agreement for the Akanu Ibiam International Airport, Enugu, as part of efforts to boost economic activity in the South-East through…

FG disputes KPMG analysis of new Tax laws

The Federal Government has pushed back against a recent assessment by global audit firm KPMG on Nigeria’s newly enacted tax laws, saying most of the concerns raised lack substance. Responding…

FG halts implementation of 15% import duty on petrol, diesel

The Federal Government has suspended the planned 15% import duty on petrol and diesel, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced on Thursday. In a statement by…

FG approves Carbon Market Framework, eyes $3bn yearly

…..As Tinubu sets agenda for Nigeria’s participation in COP 30, Brazil The Federal Government has approved the adoption of a National Carbon Market Framework, operationalization of the Climate Change Fund,…

FG backs Commonwealth initiative to expand trade ties

Barbara Bako, Abuja. The Federal Government has thrown its weight behind a renewed Commonwealth initiative aimed at strengthening trade ties and boosting economic resilience across member countries. Minister of State…

Nigeria sets new record as FAAC shares N2.22trn in August

The Federation Account Allocation Committee (FAAC) has shared an unprecedented N2.225 trillion among the three tiers of government and statutory recipients for August 2025, setting a new record in revenue…