Business

The Ogun State chapter of the Muslim Rights Concern (MURIC) has raised the alarm over growing divisions among Muslims in the state, urging caution and unity as the 2027 general elections approach. In a statement on Friday, the group warned that some Muslim leaders and community members are being swayed by politicians’ “pregnant promises,” commitments whose realization is uncertain and …

The Federation Allocation Accounts Committee (FAAC) has shared a total sum of N1.894 trillion to the Federal Government, States and Local Government Councils as February 2026 Federation Account Revenue. A statement signed by the spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, informed that the distribution made from a gross income of N2.230 trillion generated …

63% poverty is your scorecard’ – ADC fires at Tinubu government The African Democratic Congress (ADC) has described recent reports that Nigeria’s poverty rate rose to 63% after the removal of petrol subsidies as President Bola Tinubu’s real scorecard and consequence of his ill-defined neoliberal economic policies. In a statement signed by its national publicity secretary, Mallam Bolaji Abdullahi, the …

The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has flayed the past administrations of the Central Bank of Nigeria (CBN) for straying from its core mandates and dabbling into fiscal policies under the guise of developing financial activities. This is even as the apex bank’s czar disclosed that under the past administrations, there was also a lack …

Investors in the Nigerian equity market earned N962 billion at the close of trading on Friday. This follows a surge in the prices of shares such as UPL, Guinness and Royalex on the stock exchange floor. The benchmark All-Share Index (ASI) increased to 198,407.3 points from 196,908.76 points recorded the previous day. After five hours of trading on the capital …

Residents of the Federal Capital Territory (FCT) have expressed concern over the increase in transport fares following the recent increase in petrol prices at the pump across the country. The pump price of petrol was previously sold between N835 and N875 in the FCT, now it is sold between N1,200 and N1,350. Following the increase, transport fares increased by approximately …

Post views: 25 The Sports Writers Association of Nigeria (SWAN), Imo State Chapter, has congratulated Sports Administrator Charles Chukwuemeka Nnadi on his appointment as the South East Coordinator of the Tinubu Support Organization (TSO). In a statement jointly signed by the chapter president, Cosmos Chukwuemeka, and secretary, Tunde Liadi, the association described Nnadi’s emergence as a well-deserved recognition of …

Minister of Aviation and Aerospace Development, Festus Keyamo, said on Friday that the Federal Government will continue its cashless policy at the country’s airports. Keyamo said this during a direct assessment of the government’s newly adopted hybrid payment system at the Nnamdi Azikwe International Airport, Abuja. This hybrid payment was adopted following President Bola Tinubu’s directive to end the full …

Aishah Waliyullah The Nigeria Customs Service (NCS), Kwara Area Command, on Wednesday seized 1,907 items, including 222 compressors, reportedly used in the manufacture of explosives, in a major security crackdown. The haul also included 1,107 bags of foreign parboiled rice, 14 vehicles, 317 jerrycans of Premium Motor Spirit (PMS), 120 bags of illegally mined lithium ore, used clothing, tires and …

The Federation Accounts Allocation Committee (FAAC) on Friday shared the sum of 1.894 trillion naira as revenue of the federation to federal, state and local councils. This was made known in a statement signed by the Director (Press and Public Relations), Bawa Mokwa, after the FAAC meeting in Abuja. The total distributable revenue of N1.894 trillion comprised statutory distributable revenue …