The Federal Government has approved a 50% reduction in fares on all passenger train services operated by the Nigerian Railway Corporation (NRC) to cushion transportation costs for Nigerians during the Eid-el-Kabir celebration. This was made known through a statement signed by the Permanent Secretary of the Federal Ministry of Transportation, Funsho Adebiyi, yesterday. This is scheduled to take effect from Tuesday, May 26, 2026 till Monday, June 1, 2026. Under the arrangement, passengers travelling on NRC routes across the country will pay half of the existing approved fares within the…
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FG to unveil radio station for adult education
The Federal Government will soon inaugurate a dedicated radio station to broadcast lessons for adult and non-formal education learners across the country. Director of Literacy and Development at the National Commission for Mass Literacy, Adult and Non-Formal Education, Dr. John Edeh, disclosed this in an interview in Abuja on Saturday. Edeh, who is also overseeing the Commission, said the initiative was approved by the Minister of Education, Dr. Tunji Alausa, to expand access to learning in remote communities. He explained that radio remained the cheapest and most accessible medium for…
Read MoreƊangote Refinery takes FG to court over petrol import licences
The Ɗangote Petroleum Refinery has dragged the Federal Government to court over the issuance of fresh petrol import licences to several oil marketers and the Nigerian National Petroleum Company Limited (NNPCL), despite increasing local refining capacity. On May 15, 2026, court filings revealed that the refinery asked the Federal High Court in Lagos to nullify the import permits approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing that the licences violate existing petroleum regulations and negatively affect local refining operations. According to reports, Ɗangote Refinery maintained that…
Read More‘₦20tr missing’: Agbakoba raises alarm over Federation Account leakages
Renowned legal practitioner and former Nigerian Bar Association (NBA) president, Olisa Agbakoba, has alleged that over ₦20 trillion may have been lost from Nigeria’s Federation Account through under-remittances, unauthorised deductions, and weak financial oversight. Speaking through a detailed policy statement released on Wednesday, Agbakoba questioned the management of Nigeria’s public revenues and warned that the country’s worsening debt crisis was being fueled by massive leakages from funds meant to accrue to the Federation Account. According to him, the Federation Account — established under Section 162 of the 1999 Constitution —…
Read MoreFG unveils northern CNG, electric vehicle corridor in Kano
The Federal Government, through the Presidential Initiative on Compressed Natural Gas (CNG) and Electric Vehicles, yesterday launched the ‘Northern Corridor’ of the CNG and electric vehicle transport programme in Kano State. The initiative is aimed at promoting cleaner, affordable and sustainable transportation while reducing the cost of movement of goods and passengers across the country. The event, which was held at the Sani Abacha Stadium, attracted government officials, investors, transport stakeholders and representatives of the Kano State government. Representing Vice-President Kashim Shettima, Deputy Chief of Staff to the President, Senator…
Read MoreFG seeks fresh $1.25bn World Bank loan
The Federal Government is currently in talks with the World Bank for a fresh $1.25 billion loan, according to a leaked document. The document, titled: ‘Nigeria Actions for Investment and Jobs Acceleration’, noted that the proposed loan will finance ongoing economic reforms, job creation, and competitiveness. According to the document, talks are at the critical stage for the loan facility expected to be presented for approval on June 26, 2026. The loan has progressed beyond the initial concept and appraisal phases. If approved, it will come off as the second-largest…
Read MoreFG considers fresh electricity tariff increase
…As power crisis deepens despite 300% increase Millions of Nigerians may soon face fresh economic hardship, as the Federal Government considers another electricity tariff increase amid worsening challenges in the country’s power sector, despite the over 300% hike introduced under the controversial Band-A classification system two years ago. Discussions over a possible tariff adjustment intensified on May 12, 2026, following renewed pressure from power generation companies (GenCos) and other industry stakeholders who argued that current electricity pricing can no longer sustain rising operational and gas supply costs. Operators are reportedly…
Read MoreFG issues fresh fuel import licenses to petrol marketers
In a new policy shift, the Nigerian government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resumed issuance of petrol import licenses to petroleum marketers. The licenses were issued to six petroleum marketers expected to import around 720,000 metric tons of Premium Motor Spirit (petrol). According to reports, the move is a policy shift from a focus on local refineries, in this case the Ɗangote Refinery. Beneficiaries are major oil marketers such as NIPCO, AA Rano, Matrix, Shafa, Pinnacle, and Bono. NIPCO is expected to import 120,000 metric…
Read MoreFG approves ₦548.98bn for reconstruction of Carter Bridge
Lagos’ iconic Carter Bridge is set for a ₦548.98 billion total rebuild after the Federal Government approved its demolition. Speaking after Thursday’s FEC meeting, Works Minister Dave Umahi explained that the “beyond repair” status of the bridge’s underwater infrastructure left the government with no other choice. Recall that the historic Carter Bridge—named after former British Governor, Gilbert Carter—is a lifeline for Lagos, bridging the gap between the Island and the mainland. Yet, despite its importance, the structure has been “on life support” for years, plagued by recurring safety concerns that…
Read MoreInt’l Workers’ Day: FG declares May 1st as public holiday
The Federal Government has declared Friday, 1st May, 2026, as a public holiday to mark International Workers’ Day. In a statement by the Permanent Secretary, Ministry of Interior, Magdalene Ajani, says the declaration was made on behalf of the Federal Government by the Minister of Interior, Olubunmi Tunji-Ojo. The Minister congratulates Nigerian Workers and commends their contribution to national development. He urges workers to remain committed to productivity, patriotism, and dedication to duty. Tunji-Ojo equally assures that the government remains committed to improving workers’ welfare and creating an enabling environment…
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