Business

The Federation Account Allocation Committee (FAAC) shared $2.036 trillion between the federal government, states and local government councils (LGCs). The revenue was shared at the FAAC’s April meeting in Abuja. The total distributable revenue of N2.036 trillion comprised statutory revenue of N1.320 trillion, Value Added Tax (VAT) revenue of N515.391 billion and Agmentation of N200 billion. A statement issued by …

The Federation Account Allocation Committee (FAAC) has shared a total of N2.036 trillion among the federal government, states and local government councils (LGCs) for March 2026, reflecting improved statutory revenue performance driven largely by stronger tax collection. The allocation was approved at the April 2026 FAAC meeting held in Abuja, according to a statement issued after the session. The distributable …

A civil society group, Concerned Citizens for Change, has called for the immediate removal of the Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Christianah Adeyeye, accusing him of gross incompetence and abuse of office over the enforcement of the ban on alcohol in sachets and alcoholic products in small PET bottles. At …

By Victor Osula, Abuja The All Progressives Congress (APC) has confirmed earlier reports that it would set its presidential nomination form at ₦100 million, a move that critics say could further restrict access to leadership and entrench money-driven politics ahead of the 2027 general elections. The fee structure, announced Monday evening in Abuja, comes as the party unveiled its calendar …

Nigeria’s Energy Minister, Adebayo Adelabu, is expected to resign from his position in the next few days after receiving President Bola Tinubu’s approval to pursue governorship ambition. The development was disclosed in Abuja by Tunji Bolaji, Special Adviser to the Minister for Strategic Communications and Media Relations. According to Bolaji, Adelabu recently met with President Tinubu at the Presidential Villa, …

The federal government has revealed it spends around $150 million a year on vaccine procurement, amid concerns about dwindling support from international donors. The Executive Director of the National Primary Health Care Development Agency, Dr. Muyiwa Aina, made this known on Tuesday during the agency’s first quarterly media briefing for 2026 held in Abuja. Aina said the funding, coming from …

The Central Bank of Nigeria (CBN) has warned the public to be wary of fake messages, emails and online communications that seek to gain access to personal data. In a statement issued on Wednesday by Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, apex bank said the messages were designed to steal personal data, and promote false information about the …

There is compelling reason to believe that the Inspector General of Police, Olatunji Rilwan Disu, did not authorize a token or cosmetic inspection when he dispatched Deputy Inspector General Margaret Ochalla to Imo State. The stated objective – to strengthen professionalism, ensure respect for the rule of law and safeguard the rights of prisoners – is in line with ongoing …

The Nigerian Guild of Editors (NGE) expresses grave concern over the reported threat by the National Broadcasting Commission (NBC) to sanction broadcast hosts for allegedly presenting personal opinions as fact or bullying guests on air. We believe such a move is dangerous and harmful to journalism. This amounts to a direct attack on the principles of press freedom, editorial independence …

Nigerian Army troops have discovered a suspected drone launch site used by terrorists during a combat patrol in Bitta, Gwoza Local Government Area of ​​Borno State, signaling a growing change in insurgents’ tactics in the north-east. Security sources said the operation, conducted at around 6.30am on Monday, followed intelligence reports of unusual drone activity and forest burning allegedly carried out …