Category : Search result: public assets framework


FG Unveils Public Assets Maintenance Framework

The Federal Government has launched a new framework to preserve public assets. The initiative, driven by the Ministry of Housing, aims to prevent deterioration and save costs. Read more.

Nigerian Groups Hail UK for $9.5m Asset Recovery

CISLAC and Transparency International Nigeria commend the UK for recovering $9.5m in stolen Nigerian assets. They urge transparency in managing recovered funds to benefit citizens.

Six Cable Vandal Suspects Arrested in Benue

NSCDC Benue Command arrests six for vandalizing critical power cables. Commandant warns criminals, commends community collaboration. Suspects to face prosecution.

NSCDC arrests 3 suspected vandals in Abuja

Nigeria Security and Civil Defence Corps apprehends three men for vandalising road crash barriers near National Stadium. Commandant vows to protect critical assets. Read more.

New Tax Laws to Take Effect Jan 1 as Scheduled

The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.

NNPC Sells Stakes in Oil Assets, Bids Open

NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.

Countries Where Christmas Is Not a Public Holiday

While Nigeria marks Christmas with a public holiday, in 36 nations, including Israel, Saudi Arabia, and China, December 25 is a regular workday. Discover the reasons behind this global diversity.

Chappal Energies gets $430m financing for oil assets

Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit

Nigeria Rallies Businesses for National Biodiversity Plan

Nigeria intensifies efforts to halt biodiversity loss, mobilising private sector support for its 2025-2030 National Biodiversity Strategy. Business leaders convened in Lagos to shape a practical Business Action Plan aligned with global goals.

BPP Saves ₦1 Trillion, Sets New Procurement Record

The Bureau of Public Procurement has saved Nigeria over one trillion naira in one budget cycle through price reforms. This historic achievement is being celebrated as a major win for transparency and fiscal discipline. Read more about this landmark feat.

NASS Vows Strict Scrutiny of 2026 Budget Proposal

The National Assembly promises strict oversight of the 2026 budget, using lessons from 2025's challenges. Speaker Abbas calls for fiscal realism and a single budget framework. Read more.

Reps, Senate Differ on 2026 Oil Benchmark in MTEF

The House of Representatives has approved a $64.85 per barrel oil price benchmark for 2026, diverging from the Senate's $60. Get the full details on the MTEF/FSP projections and budget implications.

EU Summit Deadlock Over Russian Assets for Ukraine

EU leaders meet in a crucial summit to unlock €210bn in frozen Russian assets for Ukraine, but face strong opposition from Belgium. Will they find a deal before Ukraine's cash crunch hits?

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