NLC Distances TUC From FG Talks Over Labour Demands
The Nigeria Labour Congress (NLC) has clarified that the Trade Union Congress (TUC) did not participate in its October 22 meeting with the Federal Government over workers’ demands and the possibility of industrial action. In a statement issued on Friday, NLC Acting General Secretary Benson Upah said reports linking both labour organisations to the discussions […]
FG Disputes World Bank’s Assessment of Nigeria’s Debt
The Federal Government has challenged the World Bank’s assessment of Nigeria’s debt position, describing reports that interest payments exceeded federal revenue in the first half of 2026. The Federal Ministry of Finance, in a statement issued on Sunday and shared by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the […]
Nigeria’s Crude Oil Production Rises to 2.34%
Nigeria’s average daily crude oil and condensate production rose by 2.34 per cent to 1.717 million barrels in September, marking the fifth consecutive month the country met its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that combined output peaked at 1.84 […]
FG Shifts Uncompleted 2026 Projects, Unpaid Commitments to 2027 Budget
Nigeria plans to transfer unfinished projects and outstanding spending commitments under its 2026 budget to the 2027 fiscal year as the Federal Government renews efforts to end the practice of running overlapping budgets. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the plan on Thursday, October 8, during the launch […]
NLC Gives FG 14 Days to Cut Petrol Prices, Begin Minimum Wage Renegotiation
The Nigeria Labour Congress (NLC) has given the Federal Government a two-week ultimatum to reduce petrol prices and commence renegotiation of the national minimum wage, warning that it may take action if its demands are not met. The ultimatum was contained in a communiqué signed by NLC President, Joe Ajaero, following a joint meeting of […]
ICRC Moves to Unlock Full Capacity of $1.3bn Hydropower Project
The Infrastructure Concession Regulatory Commission (ICRC) has begun a review of the $1.3 billion Zungeru Hydropower Project following concerns over the plant’s inability to operate at its full 700-megawatt capacity. The hydropower facility, which is being operated under a Public-Private Partnership (PPP) arrangement, currently supplies about 350MW to the national grid, representing roughly half of […]
FG Clears N758bn Pension Backlog, Pays 957,045 Beneficiaries
The Federal Government has cleared inherited pension liabilities dating back to 2007 through a N758bn intervention bond, providing relief to 957,045 beneficiaries across the country. The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, disclosed this on Tuesday at the 2026 PenCom Media Conference in Lagos. Speaking on the theme, “From Reform to Reality: […]
FG Puts Aviation Infrastructure Projects at Over N1tn
The Federal Government has committed more than N1tn to infrastructure renewal, rehabilitation and construction across Nigeria’s aviation sector, Minister of Aviation and Aerospace Development, Festus Keyamo, has said. Keyamo disclosed this at the 67th anniversary of Aero Contractors, where he highlighted major infrastructure projects being undertaken by the Bola Tinubu administration. He said President Tinubu […]
Nigeria Secures $3.5bn Investment Commitments in Four Major Gas Projects
The Federal Government has secured about $3.5 billion in committed investments across four major gas projects as part of efforts to increase domestic gas production, expand infrastructure and position natural gas as a key driver of industrial growth and energy security. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this at a briefing, […]
Dangote Refinery Stops Petrol Sales to Importers
The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit, commonly known as petrol, to marketers who continue to import refined petroleum products into Nigeria. This move is meant to encourage fuel marketers to support domestically produced petroleum products instead of depending on imports from other countries. The refinery is now focusing on marketers who’re […]
Nigeria Seeks Fresh $1.5bn World Bank Loans as Public Debt Hits N166.79tn
The Federal Government is seeking fresh loans totalling $1.5 billion from the World Bank as Nigeria’s public debt stock climbed to N166.79 trillion at the end of June 2026. The proposed facilities, contained in World Bank project documents, are expected to fund programmes focused on climate resilience, social protection and early childhood development. Each of […]
FG May Spend N2tn on Electricity Subsidy as Tariff Hike Remains Off Table – Joseph Tegbe
The Federal Government may spend about N2tn on electricity subsidies in 2026 as it maintains that there are no immediate plans to increase electricity tariffs. The Minister of Power, Joseph Tegbe, disclosed the government’s position on Monday in Abuja during a media parley marking his first 100 days in office. “There are no immediate plans […]