FG to begin new regulation for digital money lenders in 2024 The Federal Government of Nigeria has said that it will implement a new regulatory framework for digital money lenders, DMLs, known as loan apps. The Chief Executive Officer of the Federal Competition and Consumer Protection Commission, FCCPC,[Read More…]
FG, Kuwait sign air pact The Federal Government has signed a Bilateral Air Service (BASA) agreement with the State of Kuwait. Represented by the Minister of Aviation and Aerospace Development, Festus Keyamo, the accord between the two countries was formalised at Riyadh during the International Civil Aviation Organization (ICAO), ICAN[Read More…]
FG declares 4IR technologies application open The Federal Government on Monday declared open applications for the Fourth Industrial Revolution technologies (4IRTA) which is meant to optimise Nigeria’s economy. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani disclosed this in a statement on X with the[Read More…]
FG welcomes Mexican investors, promises incentives The Minister of Solid Minerals Development, Dele Alake, has lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals. The Minister in a statement signed by the Special Assistant to the Minister on[Read More…]
FG says Nigeria lost N4.3tn to oil theft in five years The Federal Government, on Monday, revealed that more than N4.3tn worth of crude oil was stolen in 7,143 pipeline vandalism cases within a period of five years. It disclosed this at the Nigeria International Pipeline Technology and Security Conference[Read More…]
FG to approve Seplat’s acquisition of $1.3 billion ExxonMobil assets Seplat Energy Plc, a leading Nigerian independent energy firm registered on the Nigerian Exchange Limited and the London Stock Exchange, has said that the federal government will approve the acquisition of $1.3 billion ExxonMobil’s shallow-water assets. The FG had previously[Read More…]
FG to revamp steel sector, overhaul MTI – Minister The Federal Government is set to revamp Nigeria’s steel sector to enhance the economy, create employment opportunities and speed towards industrialization. Nigeria’s Minister of State for Steel, Uba Maigari Ahmadu stated this during an official visit to Anambra State. [Read More…]
FG issues 94 import licences to oil marketers The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, said it has issued a total of 94 importation licences to oil marketers. Chief Executive, NMDPRA, Farouk Ahmed, disclosed this at the opening session of the ongoing 17th Oil Trading[Read More…]
FG rallies capital market to bridge Nigeria’s $3tr infrastructure gap • As indices dip by N7b amid losses in 19 stocks The Vice President, Kashim Shettima has called for active involvement of capital market stakeholder in bridging Nigeria’s $3 trillion infrastructure deficit. Besides, Shettima also urged various exchanges to develop[Read More…]
NCDMB, SON lead FG’s EO1 compliance report The Presidential Enabling Business Environment Council (PEBEC) has released its 2023 Biannual Executive Order 001 (EO1) Compliance Report, showing Nigerian Content Development and Monitoring Board (NCDMB), Standards Organisation of Nigeria (SON), and the Nigeria Agricultural Quarantine Service (NAQS) emerged as the top[Read More…]
