Business

The sum of N1,578 trillion was shared to the federal advice, states and the local government in March by the Federal Councils Allocation Committee (FAAC). By giving a distribution of the amount shared between the three levels of the government, the FAAC in a press release said that the total distributable revenues of N1,578 trillion included distributable statutory revenues of …

By Victor Osula, Abuja The Committee for the allocation of the Federation (FAAC) shared a total sum of N1,578 trillions of federal advice, states and advice of the local government as entrances of the March 2025 Federation account. The Mohammed manga, the director, information and public relations, the Federal Finance Ministry, in a declaration, said that the assignment was shared …

Taraba: troops neutralize two terrorists, recover weapons, destroy the bands of bandits Jalingo (basic reporter) continuously intensified to free the state of the criminal elements of Taraba, the troops of 6 brigade brigade brigade operations (Ots), recorded another operational success pursuant to the continuous authorization operation of the “Operation Lafiyan Jamaa” code. On April 14, 2025, acting in credible intelligence, …

Three levels of government on Monday share the number of N1.57 trillion as an income allocation for March. Director of the Press and Public Relations, General Federation Accounting Firm (OAGF), Bring Mokwa, revealed this in the communication issued at the end of the Federation Account Allocation Committee (FAAC) in Abuja. Communike is provided for journalists on Tuesday in Abuja. According …

*Rivers State Government Rejointer on the transfer of the NBA AGC 2025 The government of the State of Rivers noticed the NBA declaration on the transfer of the annual general conference of 2025 (AGC) from Port Harcourt, in the state of sparrows in the state of Enugu. The state government of Rivers, however, definitively rejects the recent accusation of the …

Nigeria’s equity market recorded marginal reasons marginal recovery from previous losses because investors received N31 billion at the close of trade on Tuesday. This follows the surge in stock prices such as Abbey Mortgage Bank, Unilever and study Afrca among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity rose to …

I * expected * Wakawaka Sports Awards * will debut next month in Owerri, the state of IMO, honor the people who have contributed significantly to sports development. The prize includes various categories, including the young sports prize and the evergreen prize. The event should take place at the luxurious City Cruz Hotel, owned by the Chief Kachi Atum, CEO …

1. CBEX is an without a license platform Cbex operated without any official registration in Nigeria or Canada, despite having falsely claimed to have headquarters in Canada. The investigations did not reveal legitimate records of the company in the Canadian corporate directories. 2. Massive financial losses The platform presumably emptied over 1.3 trillion dollars (about $ 809 million) from the …

Dr. Akinwumi Adhesina, president of the African Development Bank (AFDB), recently shared the fascinating journey that led to her historical elections as president of the continental financial institution in 2015. Speaking to the 14th lesson of calling the National Open University of Nigeria (noun), Adhesin revealed that the key Nigerian leaders have carried out key roles in his ascent at …

The Nigerian Midstream and downstream oil regulatory authority (NMDPRA) has revealed that the popular import of Premium Motorbike (PMS), called gasoline, has plummeted from 44.6 million liters per day in August 2024 to 14.7 million liters on April 13, 2025. This is a decrease of about 30 ml, or 67 percent, according to the latest supply tracking by the agency. …