The Ministry of Arts, Culture, and Creative Economy has successfully secured a $200 million investment from the African Export-Import Bank (Afreximbank) to enhance Nigeria’s creative industry. In a statement released on Tuesday, the ministry announced that this investment was revealed during an event titled “Destination 2030: Nigeria Everywhere” at the recent United Nations General Assembly (UNGA) in New York. The …

The National Bureau of Statistics (NBS) has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel subsidy by President Bola Tinubu in May 2023. It also said the total of fuel imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 per cent year-on-year. …

The Federal Government is expanding its subsidised rice programme to alleviate food insecurity in Nigeria, with sales set to launch in Lagos, Kano, and Borno states, a director at the Federal Ministry of Agriculture and Food Security stated on Monday. Early in September, the Minister of Agriculture and Food Security, Abubakar Kyari, announced the launch of the N40,000 per 50kg …

The Federal Government has released N122 billion to six gas infrastructure companies with the goal of transforming the midstream gas value chain across the country. The Minister of State Petroleum Resources (Gas), Hon. Ekperikpe Ekpo said this at the Midstream Downstream Gas Infrastructure Fund (MDGIF)/Promoters Agreement Signing Ceremony, in Abuja on Monday. The MDGIF entered into an agreement with Gas …

The Federal Government on Sunday handed over 64 Compressed Natural Gas-powered buses to the Organised Labour unions and the National Association of Nigerian Students at the Aso Rock Villa, Abuja, on Sunday. The 100-capacity buses, which are part of the Presidential CNG initiative’s pilot programme, will be distributed across the states and campuses in what the Minister of Information, Mohammed …

The Federal High Court sitting in Abuja, on Friday, okayed a suit seeking to compel the Federal Government to investigate the alleged link between the Minister of State for Defence, Alhaji Bello Matawalle and the operation of bandits in Zamfara State. Cited as 1st to 3rd defendants in the suit marked: FHC/ABJ/CS/1434/2024, which was brought before the court by a …

The federal government has launched Project Phoenix, a transformative initiative designed to enhance revenue collection in the lottery and gaming sector In an inaugural meeting of the Joint Committee for the implementation of the initiative, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said that the initiative would ensure a transparent revenue collection in the …

The Minister of Interior, Olubunmi Tunji-Ojo, on Friday, justified the recent increase in passport fees, clarifying that the rise was approximately 45%. He attributed the fee adjustment to the exchange rate between the dollar and the naira. In August, the Nigerian Immigration Service announced an upward review of the fees for Nigerian Standard Passports. As per the new structure, the …

The Federal Government has disbursed N24.78 billion under the National Cash Transfer programme to 991,261 poor households as part of efforts to alleviate poverty in Nigeria. The cash transfer initiative, spearheaded by the National Social Investment Programme Agency (NSIPA) had beneficiaries across all 36 states and the Federal Capital Territory, according to a statement from NSIPA on Thursday. NSIPA National …

The Federal Government of Nigeria has officially increased the monthly allowance for National Youth Service Corps (NYSC) members from N33,000 to N77,000, effective July 2024. This change is in line with the National Minimum Wage (Amendment) Act 2024, and it’s a significant boost to the corps members’ welfare package. According to the Acting Director of Information and Public Relations, Caroline …