federal Government

News

FG promises to pay N4 trillion debt owed power companies

THE Federal Government has promised to pay off a debt of N4 trillion it owes to electricity-generating companies, also...
Harrison EDEH -
News

FAAC allocation falls for third straight month to N1.578 trillion

THE Federation Account Allocation Committee's (FAAC) allocation to the tiers of government fell to N1.578 trillion in March 2025. The...
Ehime ALEX -
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Business and Economy

US tariff: Budget reset looms as FG sets up assessment sub-committee

THERE is the possibility and likelihood of an annual budget reset as the  Federal Government has constituted a subcommittee...
Harrison EDEH -
Business and Economy

FG suspends Financial Council’s new levies on private firms

THE Federal Government has temporarily suspended the implementation of the new annual levies which the Financial Reporting Council (FRC)...
Ehime ALEX -
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Energy and Power

Military invasion of Ikeja DisCo points to FG’s reluctance towards electricity debt payment

THE invasion of Ikeja Electricity Distribution Company (Ikeja DisCo) and assault on its workers by armed men in military...
Ehime ALEX -
Banking and Finance

FG takes over full ownership, control of Keystone Bank

THE Federal Government of Nigeria has now taken over the ownership of Keystone Bank following a court’s dissolution of...
Ehime ALEX -
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